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Gold-Backed Digital Assets Were Issued By Russia's Biggest Bank

The first gold-backed digital financial assets were issued by Russia's biggest bank, Sber (previously Sberbank) (DFAs). Gold-backed DFAs represent certified monetary rights whose price and volume rely on gold prices. In July, Sber issued three-month assets worth 1 billion roubles.

by Rebeca Moen
Dec 27, 2022

CRYPTOCURRENCY

Gold-Backed Digital Assets Were Issued By Russia's Biggest Bank

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