🎯 SOVCOMBANK ACCEPTS BITCOIN AS COLLATERAL FOR LOANS 🎯
The news is official: one of the largest financial institutions in Russia, Sovcombank, has started accepting Bitcoin as collateral for granting loans since yesterday.
This is a revolutionary step for the Russian banking system, which until now had maintained a rather cautious approach towards cryptocurrencies.
Companies and individuals who legally hold BTC will be able to use it as collateral to obtain liquidity in rubles, without having to sell it, thus maintaining exposure to the asset while accessing immediate capital.
The initiative makes Sovcombank the first major Russian bank to systematically market loans secured by Bitcoin, surpassing the pilot phase already initiated by other institutions like Sberbank.
This could pave the way for new forms of hybrid credit and a growing institutionalization of cryptocurrencies in the country.
