Russia’s Largest Bank Sber Eyes BTC, ETH, USDT for Crypto-Backed Loans
Russia’s largest bank plans to expand crypto-backed lending by accepting bitcoin, ether, and tether as collateral after new regulations take full effect. Sberbank says the initiative will build on its digital asset loan pilot. Sberbank Plans to Expand Crypto-Backed Lending Sber, Russia’s largest bank, majority-owned by the government, plans to accept bitcoin, ether, and tether […]
Key Takeaways
- Russia’s largest bank plans to expand crypto-backed lending by accepting bitcoin, ether, and tether as collateral after new regulations take full effect.
- Sberbank says the initiative will build on its digital asset loan pilot.
- Sberbank Plans to Expand Crypto-Backed Lending Sber, Russia’s largest bank, majority-owned by the government, plans to accept bitcoin, ether, and tether […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
UK Reveals 240 Crypto Millionaires in First Official Tax Report
The UK government’s first official report on taxable crypto asset gains identifies 240 people who each declared more than £1 million in capital gains. Together, they reported £717 million, more than half of the £1.38 billion declared by 17,600 individuals.…
Polygon Quietly Patched Security Flaws in Two Hard Forks Before Disclosing Them
The Austin and Kyoto hard forks, deployed quietly on the Bor and Heimdall clients before public disclosure, closed denial-of-service and consensus-hardening flaws that Polygon says were never exploited.
SEC Approves Revised Bitcoin ETF Framework for Retail Investors
The U.S. Securities and Exchange Commission has approved a revised framework allowing more Bitcoin ETF products aimed at retail investors. The update standardises disclosure and custody requirements across issuers, and is expected to broaden institutional…