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Russia’s Largest Bank Wants to Accept 3 Cryptos as Collateral

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Russia: Sber plans to accept Bitcoin, Ether and USDT as loan collateral

The largest Russian bank Sber is preparing a new step in its crypto services. The institution wants to accept three assets as loan collateral while Russia prepares to enter a regulated framework. Bitcoin, Ether, and USDT are to join the existing collaterals. This development depends on the central bank's authorization for their listing. Meanwhile, Sber notes limited demand for the digital ruble before its wider deployment as part of this transformation of the current national financial sector.

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