Russian bank Sberbank issues cryptocurrency-backed loans to Bitcoin mining company Intelion Data
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According to ME News, on December 28th (UTC+8), Sberbank, Russia's largest bank, issued the country's first cryptocurrency-backed loan to Bitcoin mining company Intelion Data. This transaction is positioned as a "pilot" program, and the loan size, term, and specific collateral currency were not disclosed. Sberbank hinted that similar loans may be issued in the future, stating that its self-developed cryptocurrency custody solution, Rutoken, was used in the loan process to ensure asset security during the loan period. (Source: ME)
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