All Articles

Russia’s largest lender, Sberbank, is moving closer to launching loans secured by cryptocurrency and said on Friday that it is ready to work alongside the country’s central bank to help develop the regulatory framework required for such products, according to Reuters. The bank has already carried out an initial test of the model, having issued the country’s first bitcoin-backed loan in January to one of Russia’s largest bitcoin mining firms, IntelionData. Sberbank described t