Russia’s Sberbank Explores Crypto-Backed Loans as Regulation Takes Shape
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- Sberbank plans ruble loans backed by cryptocurrency, working closely with Russian regulators.
- Moscow and St. Petersburg exchanges are ready for crypto trading once the laws are activated in 2026.
- Bank of Russia shifts from opposition to controlled crypto regulation under sanctions pressure.
Russia’s largest bank, Sberbank, is exploring the launch of loans backed by cryptocurrency. The proposed product would allow borrowers to take loans in Russian rubles while using cryptocurrency as collateral, according to Deputy Chairman of Sberbank’s Management Board Anatoly Popov.
Bank Ready to Work With Regulators
Popov said Sberbank is prepared to work closely with regulators to develop the legal and technical framework needed for crypto-backed lending. Russia’s crypto rules remain under development, and clearer legislation is required before such products can be la…
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