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Sberbank Explores Crypto-Backed Loans Amidst Evolving Russian Regulatory Landscape

Sberbank Explores Crypto-Backed Loans

Dario Cesaro avatar
Written by Dario Cesaro
Updated this week

Russia's largest bank, Sberbank, is actively considering the introduction of crypto-backed loans, a move that could significantly bridge the gap between traditional finance and the burgeoning digital asset market. This potential offering would allow customers to secure ruble loans by using their cryptocurrency holdings as collateral. The bank emphasizes that such a service is contingent upon close collaboration with Russian regulators to establish the necessary legal and technical infrastructure.

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