🚨 RUSSIA OPENS CRYPTO DOORS! BANKS WILL OFFER PRODUCTS WORTH #bitcoin : A BLOW TO SANCTIONS OR A TRAP FROM THE BEAR? 🤯💸
Attention, crypto-watchers! 📢 The Bank of Russia has made a surprising move! Now, Russian banks can offer cryptocurrency investment products to qualified investors, including derivatives and digital assets linked to cryptocurrency prices like $BTC ! 🚀 However, there's a catch: 'actual delivery of cryptocurrencies' is not allowed! 🧐
This measure comes just as the Bank of Russia reports a 51% increase in crypto asset inflows from Russian residents in the first quarter of 2025, totaling the impressive figure of $81.5 billion! 💰 Some major banks, like T-Bank (formerly Tinkoff Bank), have already started offering digital financial assets (DFA) linked to #BTC . Imagine investing in crypto from your banking app, in rubles, and within the legal framework of Russia! 🏦
Despite this opening, the Russian central bank remains cautious about direct investment in cryptocurrencies. They still do not 'recommend' it! 😬 Although a possible experimental regime for direct trading of crypto assets is being discussed, for now, the preferred route is through these banking products. The Bank of Russia estimates that Russians hold $9.2 billion in cryptocurrencies on centralized exchanges (CEX), with Bitcoin leading at 62%, but some local experts suggest that the actual figure in decentralized wallets is much, much higher! 🤫
🤔 Do you think this strategy is a smart move to circumvent sanctions and attract capital?
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