Original sourceCrypto Briefing
Summary
Russia's largest bank, Sberbank, plans to offer crypto-backed loans to corporate clients, expanding to Bitcoin, Ethereum, and Tether, provided Russian regulators allow their public circulation. This follows a December pilot using self-mined crypto as collateral and builds on ongoing crypto custody…
Key points
- Learn about crypto adoption and regulatory trends in the Russian banking sector.
- This move signals growing interest in crypto among major Russian banks.
- If implemented, Russian corporate clients could access crypto loans, but subject to regulatory constraints.
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