Russia’s Sberbank Explores Crypto-Backed Loans as Regulation Takes Shape

Russia’s largest bank, Sberbank, is exploring the launch of loans backed by cryptocurrency. The proposed product would allow borrowers to take loans in Russian rubles while using cryptocurrency as collateral, according to Deputy Chairman of Sberbank’s Management Board Anatoly Popov. Bank Ready to Work With Regulators Popov said Sberbank is prepared to work closely with […] Read The Full Article Russia’s Sberbank Explores Crypto-Backed Loans as Regulation Takes Shape On Coin Edition.