Russian pawnbroking group MGKL has announced plans to launch a digital asset-backed lending business, initially accepting cryptocurrencies as collateral. The company aims to expand to include tokens, digital collectibles, and virtual economic items. MGKL will consult with the Central Bank of Russia to establish clear regulations for digital assets in pawnbroking, aiming to enhance market transparency and legality. The initiative responds to increasing customer interest in using digital assets as collateral.
Russian Pawnshop MGKL to Launch Crypto-Backed Lending
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