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Russia's largest bank Sber issues bonds linked to Bitcoin "

Internet reports that Sber, Russia's largest commercial bank, has launched a bond product linked to Bitcoin that tracks price changes in cryptocurrencies and the exchange rate of the U.S. dollar against the ruble. The company, formerly known as Sberbank, said in a statement on May 30 that the product has been sold to qualified investors on the over-the-counter market and Sber plans to list the product on the Moscow Stock Exchange in the future. Sper added that a listing will ensure transparency, liquidity and provide convenience to a broad range of qualified investors. Structured bonds will allow holders to benefit from changes in the dollar value of Bitcoin and the appreciation of the dollar against the Russian ruble.

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