Russia's largest bank, Sberbank, plans to offer loans collateralized by crypto assets to corporate clients and has expressed willingness to cooperate with the Central Bank of Russia to improve related regulations. By the end of 2025, Sberbank has issued a pilot crypto collateral loan to crypto mining company Intelion Data, with the collateral being the cryptocurrencies mined by the company, though the scale has not been disclosed. The Central Bank of Russia considers cryptocurrencies as foreign exchange assets, allowing trading but prohibiting their use for domestic payments. The relevant legislative framework is expected to be completed by July 1, 2026. (Reuters)
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Russia's largest bank, Sberbank, plans to offer loans collateralized by crypto assets to corporate clients and has expressed willingness to cooperate with the Central Bank of Russia to improve related regulations. By the end of 2025, Sberbank has issued a pilot crypto collateral loan to crypto mining company Intelion Data, with the collateral being the cryptocurrencies mined by the company, though the scale has not been disclosed. The Central Bank of Russia considers cryptocurrencies as foreign exchange assets, allowing trading but prohibiting their use for domestic payments. The relevant legislative framework is expected to be completed by July 1, 2026. (Reuters)