News: 🗞️ Sberbank, the largest bank in Russia, has launched structured bonds linked to the performance of Bitcoin. 📰
This move represents a significant step for an important Russian financial institution in offering investments tied to cryptocurrencies, under the recently updated national regulations.
These bonds allow investors to earn returns based on two factors: the performance of Bitcoin's (BTC) price against the US dollar and any appreciation of the dollar against the Russian ruble.
A key feature is that transactions are processed in rubles within the legal framework and infrastructure of Russia, meaning that investors do not need to open a cryptocurrency wallet or use foreign platforms.
In addition to these bonds, Sberbank also plans to launch similar structured investment products with exposure to Bitcoin on the Moscow Exchange.
This initiative aligns with a broader trend in Russia towards the adoption of cryptocurrencies in the financial sector, partly influenced by international sanctions that have spurred the search for alternative liquidity solutions.
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