Crypto Loan
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Sberbank issues Russia's first crypto-backed loan to bitcoin miner
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Russia's largest bank, Sberbank, has issued the country's inaugural loan secured by cryptocurrency, marking a significant step in integrating digital assets into traditional finance. The pilot loan went to Intelion Data, one of Russia's major bitcoin mining firms, with the collateral held securely in Sberbank's custody system. This move signals growing institutional interest in crypto amid evolving regulations.