Sberbank, Russia’s largest universal bank and majority state-owned, has launched a new class of structured bonds. These bonds are indexed to the US-dollar price of Bitcoin and fluctuations of the dollar against the ruble. This initiative opens an officially regulated avenue for Russian investors, allowing them to access Bitcoin more easily. As the U.S. continues to debate cryptocurrency regulations, this move by Russia highlights contrasting approaches to digital assets. Investors must consider how global regulatory dynamics shape the cryptocurrency landscape. This development could have significant implications for Bitcoin’s adoption and usability in different markets.