US EditionSberbank Launches Russia’s First Bitcoin-Backed Bonds
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Sberbank Launches Russia’s First Bitcoin-Backed Bonds
Sberbank has launched Russia’s first Bitcoin-secured bonds to appeal to qualified investors in OTC markets and aims to list on the Moscow Exchange. The bonds provide an investment in the price fluctuations of Bitcoin as well as the strength of the US dollar against the ruble. All transactions are settled in rubles without needing a crypto wallet or foreign platform access. The largest banking institution in Russia, Sberbank, has issued the first…
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