Major Russian Bank Opens Bitcoin-Backed Loans to the Public

Sovcombank announced it has begun offering Bitcoin-backed loans to individuals and legal entities, becoming the first large Russian financial institution to make such products broadly available. While Sberbank issued Russia’s first crypto-collateralized loan to a mining company in December 2025, that initiative remains a narrowly scoped pilot rather than a public offering. source: https://www.ethnews.com/major-russian-bank-opens-bitcoin-backed-loans-to-the-public/