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Russia’s Largest Lender Sberbank Issues First Bitcoin-Backed Loan

Russia’s Largest Lender Sberbank Issues First Bitcoin-Backed

Russia’s largest lender Sberbank has issued the country’s first bitcoin-backed loan to a domestic mining firm. The pilot transaction was extended to Intelion Data, one of Russia’s major industrial Bitcoin miners. Sberbank confirmed the loan this week, describing it as a test case that could be expanded later.

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