Russia’s Largest Bank Wants Bitcoin and Ethereum as Collateral

Sberbank, Russia’s largest lender, announced plans to accept Bitcoin, Ether, and Tether as collateral for loans, according to comments from deputy chairman Anatoly Popov made on Friday. The bank intends to use these cryptocurrencies as security rather than as payment methods, a distinction that becomes relevant as Russia’s new digital currency regulations take effect on September 1.
The regulatory framework governing cryptocurrency activity in Russia underwent significant developmen