Sberbank, Russia's largest bank, has issued the country's first cryptocurrency-backed loan to Bitcoin mining company Intelion Data. This transaction is part of a "pilot" program, though details such as the loan size, term, and specific collateral currency remain undisclosed. Sberbank utilized its proprietary cryptocurrency custody solution, Rutoken, to secure assets during the loan period, and indicated that similar loans might be offered in the future.
Sberbank Issues Russia's First Crypto-Backed Loan to Intelion Data
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