Sovcombank launches lending to legal entities secured by BTC

Sovcombank launches lending to legal entities secured by bitcoin. Rate on such a loan is the Central Bank's key rate of + 7 percentage points, for a period of up to two years, with a 50% discount on collateral. So far, there have been isolated attempts to issue such loans on the market, and so far banks are not ready to go beyond test experiments. However, interest from miners in lending secured by cryptocurrencies in Russia is high, as this will allow currency producers to receive operational funds without losing crypto assets.