Sberbank, Russia's largest bank, has launched a structured bond tied to Bitcoin and the U.S. dollar-to-ruble exchange rate, marking a first for major Russian institutions amid recent regulatory updates. This product is available to selected qualified investors and avoids the complexities of traditional Bitcoin investing by processing transactions in rubles within Russian financial systems. Plans are also in place for future derivatives, such as Bitcoin futures, further integrating Bitcoin into the country's financial landscape and reflecting a shift in the Bank of Russia's approach to digital assets.
"Sberbank’s Bitcoin-linked bond offers returns based on BTC performance and dollar-ruble exchange rates, marking a significant step for regulated Bitcoin investment in Russia."
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