Sovcombank, a Russian commercial bank, claims to be the first Russian bank to offer bitcoin-backed loans to the public.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to a report by Bijie Network: Sovcombank, Russia's ninth largest bank by asset size, has launched bitcoin-collateralized loans for individuals and businesses who legally own digital assets, becoming the first financial institution in Russia to offer such a product. This move builds on a pilot program by the state-owned Sberbank, aiming to provide liquidity to clients such as mining companies without requiring them to sell their bitcoin holdings. The launch of this loan service comes at a time when Russia's cryptocurrency regulatory policies are continually evolving, including the legalization of mining by the end of 2024 and subsequent regional restrictions.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
KelpDAO vulnerability causes DeFi TVL to decrease by 13 billion dollars
AIcoin•2026/04/26 16:03
Research shows that Polymarket's accuracy mainly comes from 3% of traders
AIcoin•2026/04/26 13:52
Iranian Official: Vessels Passing Through the Strait of Hormuz Must Pay Fee
BlockBeats•2026/04/26 13:23
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$78,047.63
+0.82%
Ethereum
ETH
$2,347.33
+1.66%
Tether USDt
USDT
$1
+0.01%
XRP
XRP
$1.43
+0.04%
BNB
BNB
$631.88
+0.32%
USDC
USDC
$0.9998
+0.01%
Solana
SOL
$86.52
+0.41%
TRON
TRX
$0.3238
-0.09%
Dogecoin
DOGE
$0.09891
+0.92%
Hyperliquid
HYPE
$41.38
+0.76%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now