Russia’s Sovcombank Becomes First Russian Bank to Publicly Offer Bitcoin-Backed Lending

TLDR: Sovcombank rolled out bitcoin-backed loans for individuals and firms that legally own digital assets in Russia. The launch follows an earlier pilot by state-owned Sberbank with a mining company in December. Russian miners are seeking liquidity solutions that allow them to retain long-term bitcoin exposure. The product aligns with recent regulatory changes legalizing mining [...]

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