Russia's Largest Bank Plans to Launch Cryptocurrency-Collateralized Loans
BlockBeats News, February 6th. According to Reuters, Russia's largest bank Sberbank is preparing to launch cryptocurrency-backed loans for corporate clients. A bank spokesperson stated that this move is in response to strong interest from corporate clients, and the bank is ready to work with the central bank to develop regulatory rules.
Previously, Sberbank issued the first pilot cryptocurrency-backed loan to mining company Intelion Data by the end of 2025, with the collateral being cryptocurrency mined by the company. Currently, the Bank of Russia defines cryptocurrency as foreign exchange assets, allowing trading but prohibiting domestic use for payments. Russia plans to finalize the relevant legislative framework by July 1, 2026. In addition, the Russian bank Sovkombank has already started issuing such loans.
You may also like
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Looking at Stripe's ambitions and the future of stablecoins from OUSD
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
Dan Bin's latest speech: Don't miss out on a great era
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
