Russia's largest bank, Sber, is rolling out Bitcoin-linked bonds, letting investors tap into crypto without needing wallets or leaving the ruble zone. 💥 These bonds will track Bitcoin's price swings against the dollar, plus the dollar-to-ruble exchange rate!
Sber plans to list these bonds on the Moscow Exchange for easy access, and they're also prepping Bitcoin futures on their SberInvestments platform. 🔥 This move follows Russia's central bank greenlighting crypto financial products for accredited investors. Another Russian bank, T-Bank, already launched a Bitcoin-tied "smart asset."
Russians are clearly interested in crypto, holding billions on exchanges, with Bitcoin leading the pack. ⚡️ Are you keeping an eye on this trend?
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