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Sberbank Issues First Crypto Backed Loan in Russia

Local media reports indicate that Sberbank, Russia’s largest banking institution, issued a loan to a local miner using cryptocurrency as collateral. While the transaction is just a pilot, it represents a first for the co...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Sberbank Issues First Crypto Backed Loan in Russia
Local media reports indicate that Sberbank, Russia’s largest banking institution, issued a loan to a local miner using cryptocurrency as collateral. While the transaction is just a pilot, it represents a first for the company and the country, marking an expansion in the use of these assets. Sberbank Registers First Loan Using Cryptocurrency as Collateral […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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