No Wallets, No Offshore Accounts: Russia’s Biggest Bank Sber Launches Government-Approved Bitcoin Bond in Rubles
Russia’s largest bank, Sberbank, has launched Bitcoin-linked bonds for accredited investors, allowing exposure to Bitcoin’s price and the dollar-to-ruble exchange rate without needing crypto wallets. This move, alongside plans for Bitcoin futures and similar products, shows a cautious but growing acceptance of cryptocurrency within Russia’s regulated financial system.
