🚨 JUST IN: SBERBANK ISSUES RUSSIA’S FIRST CRYPTO-BACKED LOAN 🇷🇺
Russian banking giant Sberbank has issued the country’s first crypto-backed loan, extending financing to $BTC miner Intelion Data, according to DL News.
🧠 Core details:
• Loan collateralized with Bitcoin or crypto assets
• Marks a milestone in Russian crypto-finance integration
• Supports mining operations and infrastructure expansion
📌 Key points:
• Signals growing institutional acceptance of crypto in Russia$NEAR
• Demonstrates mainstream banks exploring on-chain collateralization
• Could pave the way for more crypto-backed lending in the region
⚖️ Why this matters:
• Crypto-backed loans remain rare globally, especially via traditional banks
• Indicates trust and risk frameworks are evolving
• Potential boost for domestic Bitcoin mining ecosystem
🌐 Big picture:$UNI
Russia’s banking sector is experimenting with crypto finance, bridging traditional finance with blockchain operations.
📊 Takeaway:
Sberbank leads.
Crypto-backed lending in Russia is officially underway.
#CPIWatch #Binanceholdermmt #Geopolitics
