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      Russia’s Largest Bank Sberbank Plans to Accept BTC, ETH and USDT as Loan CollateralTASS reported...

      Russia’s Largest Bank Sberbank Plans to Accept BTC, ETH and USDT as Loan CollateralTASS reported that Anatoly Popov, Deputy Chairman of Sberbank, said the bank plans to further develop lending backed by digital assets and, in addition to Bitcoin, eventually accept Ethereum and Tether (USDT) as collateral. Popov said Sberbank already has practical experience working with crypto assets and will adapt its existing products and gradually expand the offering once Russia’s new regulatory framework fully takes effect. The plan remains subject to regulatory approval, with ETH and USDT only eligible as collateral after the Bank of Russia permits their public circulation.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud