Russia’s Sberbank Moves Beyond Bitcoin as New Rules Arrive
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Russia’s Sberbank Moves Beyond Bitcoin as New Rules Arrive
TLDR Sberbank plans to accept Bitcoin, Ethereum, and USDT as collateral for crypto-backed loans. The expansion will depend on approval from the Bank of Russia under the new crypto framework. Sberbank previously tested Bitcoin-backed lending with miner Intelion Data in December 2025. Russia’s new...
INSTITUTIONAL | The Largest Bank in Russia Plans Crypto-Backed Loans Ahead of Regulation
Russia’s largest lender, Sberbank, plans to expand lending secured by cryptocurrencies, adding Ethereum and Tether’s USDT alongside Bitcoin once the assets are approved for public trading, senior executive Anatoly Popov told local media. “We plan to accept not only Bitcoin but also Ethereum and the Tether stablecoin as collateral – of course, after the central bank allows them for public circulation.” The move comes as Russia prepares to lau…
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