Russia's Sberbank considers offering crypto-backed loans

Russia's largest state-owned bank, Sberbank, is considering providing loan services collateralized by cryptocurrency, the Russian state news agency TASS reported. Anatoly Popov, deputy chairman of Sberbank's board, said in an interview with TASS that while Russia's cryptocurrency market regulation is still in its early stages, the bank is ready to cooperate with regulatory authorities to develop related solutions and build the necessary infrastructure.