Russia's financial giant plans to enter the crypto lending space.
Russia's largest bank, Sberbank, Vice Chairman Anatoly Popov, stated that the bank is considering launching ruble loans backed by cryptocurrencies.
Russia's logic behind the progression from proposing a ban to legalizing mining, pilot cross-border payments, and now Sberbank's plan to offer crypto collateralized loans is very clear:
✅ Opening up externally: Breaking the ice in cross-border settlements, using cryptocurrencies to bypass financial sanctions. ✅ Strict internal regulation: Banning domestic payments to defend the legal status of the ruble. ✅ Compliance closed-loop: Bringing gray-area assets into banking regulation to achieve "asset management."
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Russia's financial giant plans to enter the crypto lending space.
Russia's largest bank, Sberbank, Vice Chairman Anatoly Popov, stated that the bank is considering launching ruble loans backed by cryptocurrencies.
Russia's logic behind the progression from proposing a ban to legalizing mining, pilot cross-border payments, and now Sberbank's plan to offer crypto collateralized loans is very clear:
✅ Opening up externally: Breaking the ice in cross-border settlements, using cryptocurrencies to bypass financial sanctions.
✅ Strict internal regulation: Banning domestic payments to defend the legal status of the ruble.
✅ Compliance closed-loop: Bringing gray-area assets into banking regulation to achieve "asset management."