Sberbank Considers Crypto-Backed Lending

Sberbank is looking into loans that are backed by cryptocurrency. This is happening because Russia is getting ready to put rules in place for cryptocurrency by the middle of 2026. The bank has already started working with over 160 assets in 2023. They want to keep growing and get into the business of secured cryptocurrency finance.

The Moscow and St. Petersburg Exchanges are all set for trading that follows the rules. The cryptocurrency market in Russia has seen a lot of activity with transactions totaling $376 billion. However cryptocurrency will still be seen as something people invest in than something they use to buy things every day like regular money. Sberbank and the cryptocurrency market are moving forward with these developments. Russias new crypto regulations will likely have an impact, on Sberbank and the cryptocurrency market.

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