Sberbank Eyes BTC, ETH, USDT-Backed Loans as Russia’s Crypto Rules Take Effect

TLDR: Sberbank plans BTC, ETH and USDT-backed loans as Russia’s regulated crypto framework starts September 1. Non-qualified investors face a 300,000-ruble annual crypto purchase cap through each approved intermediary. SberCIB sees Russian crypto exchange trading at 3.5-4 trillion rubles in the first year after legalization. Professional firms have until July 1, 2027, to secure licenses [...]

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