Russia’s Largest Bank Sberbank Explores Crypto-Backed Loans

Russia’s biggest bank is taking a careful step toward crypto. Sberbank, the country’s largest state-owned lender, has confirmed it is exploring loans secured by cryptocurrency. The idea is that borrowers could get ruble loans while using digital assets as collateral, instead of selling them outright. The comments come as Russia’s stance on crypto begins to … source: https://coinpedia.org/news/russias-largest-bank-sberbank-explores-crypto-backed-loans/