Sberbank Issues Russia’s First Crypto-Backed Loan
Sberbank launches Russia’s first crypto-backed loan, testing digital collateral financing for miners amid evolving regulation and institutional interest. Russia’s largest bank has taken a landmark step in crypto finance. Sberbank made the first crypto-backed loan in the country. The borrower was big-time Bitcoin miner Intelion Data. The move is a sign of increasing institutional openness...
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