Sberbank to Accept Bitcoin, Ethereum, and USDT as Loan Collateral Under New Russian Crypto Rules

BitcoinWorld Sberbank to Accept Bitcoin, Ethereum, and USDT as Loan Collateral Under New Russian Crypto Rules Sberbank, Russia’s largest financial institution, is preparing to launch a lending product that will recognize Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as eligible collateral.

The move aligns with new regulations from the Central Bank of Russia that take effect on September 1, according to a report by Crypto Briefing.

Regulatory Shift Enables Crypto-Backed Lending The upcoming regulatory framework marks a significant shift in Russia’s approach to digital assets. Previously, the use of cryptocurrencies in lending was largely unaddressed or restricted.

The new rules provide a legal basis for banks to accept digital currencies as collateral, opening a path for mainstream financial institutions to integrate crypto assets into traditional banking services. Sberbank’s initiative is not limited to lending alone.