Russian Banks Now Offering Crypto Investments?! 💰
Big news out of Russia! Banks are now allowed to offer crypto-based financial products to accredited investors. 🚀 Think crypto derivatives and securities tied to Bitcoin's price, but with a catch: no actual crypto delivery.
This comes as crypto inflows in Russia jumped 51% in Q1 2025, hitting a whopping 7.3 trillion rubles! T-Bank is already offering Bitcoin-linked "smart assets," letting investors tap into crypto via traditional banking apps. 💥
While direct crypto investment isn't encouraged, the central bank is considering an experimental regime for direct Bitcoin trading. Russians are estimated to hold $9.2 billion in crypto on centralized exchanges, with Bitcoin leading the pack. ⚡️
What do you think of this?
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