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Russia's Sberbank Grants Crypto Collateral Loan to Bitcoin Mining Firm Intelion Data
Summary: According to DL News, Russia's largest bank Sberbank has granted the country's first loan using cryptocurrency as collateral to the Bitcoin mining firm Intelion Data. The transaction is positioned as a 'pilot', with the loan amount, term, and specific collateral currency undisclosed. Sberbank hinted at the possibility of issuing similar loans in the future, mentioning ...
According to DL News, Russia's largest bank Sberbank has granted the country's first loan using cryptocurrency as collateral to the Bitcoin mining firm Intelion Data. The transaction is positioned as a 'pilot', with the loan amount, term, and specific collateral currency undisclosed. Sberbank hinted at the possibility of issuing similar loans in the future, mentioning the use of their in-house developed cryptocurrency custody solution Rutoken to ensure asset security during the loan process.
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Link: Russia's Sberbank Grants Crypto Collateral Loan to Bitcoin Mining Firm Intelion Data [Copy]
