Russia's Sberbank issues cryptocurrency-backed loans to Bitcoin mining company Intelion Data
According to DL News, Russia's largest bank Sberbank has issued the country's first loan secured by cryptocurrency to the Bitcoin mining company Intelion Data. This transaction is positioned as a "pilot," and the loan amount, duration, and specific collateral cryptocurrency have not been disclosed.The Savings Bank of the Russian Federation hinted that similar loans may be issued in the future and stated that its self-developed cryptocurrency custody solution, Rutoken, was used during the loan process to ensure the security of the assets during the loan period.
