🇷🇺 BREAKING: Russia's Largest Bank Issues First-Ever Crypto-Backed Loan
#Sberbank just made history by issuing Russia's first cryptocurrency-collateralized loan to Intelion Data Systems, one of Russia's top Bitcoin miners.
Key Details:
→ Loan secured by #Bitcoin mined domestically
→ Crypto held in Sberbank's Rutoken custody until repayment
→ Intelion operates 298 MW of mining capacity with $79M revenue in 2024
→ This is a pilot program testing digital collateral mechanisms
Why This Matters:
This signals major institutional acceptance of crypto as legitimate collateral in traditional banking. Sberbank confirmed this product could expand beyond miners to any company holding crypto.
#Russia is Rapidly Building its Crypto Framework:
→ Retail trading opens in 2026 with $3,800 annual limit for regular investors
→ Qualified investors get unlimited access
→ Full regulations expected by July 2026
Sberbank's Deputy Chairman Anatoly Popov: "This pilot allows us to test mechanisms for working with digital security, which could form the basis for future regulation."
Traditional finance and crypto are merging faster than ever and Russia is positioning itself as a key player.
Not financial advice. Always DYOR.