Russia’s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout
Bitcoin Magazine Russia’s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout Bitcoin trading is expected to be popular in Russia, which is moving fast with regulating the space. This post Russia’s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout firs
Source: Bitcoin Magazine
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DW NOTE
Sberbank forecasts ₽4 trillion in first-year crypto volume while planning to accept Bitcoin as loan collateral — a strange hedge for a country whose primary export trades at $85 and whose primary opponent has spent two years trying to freeze it out of dollar settlement. Russia isn't adopting crypto because it believes in decentralisation; it's adopting crypto because Swift doesn't take calls from sanctioned counterparties.