Sberbank Considers Launching Crypto-Backed Ruble Loans –
Russia’s largest bank, Sberbank, is considering a new move into crypto finance. The bank says it is exploring the idea of issuing ruble loans backed by cryptocurrency. The comments were shared by Deputy Chairman Anatoly Popov in an interview with local media.
According to Popov, Sberbank is still in the early stages. Crypto regulation in Russia is not fully formed yet, but the bank says it is ready to work closely with regulators to build the right legal and technical framework. If progress continues, Sberbank hopes to announce its first crypto-backed loan deals in the near future.
If launched, the product would allow borrowers to use digital assets as collateral while receiving loans in rubles. This would mark a major shift for…
