Russia’s Biggest Bank Is About to Let You Borrow Against Your Bitcoin and Ethereum
TLDR
- Sberbank, Russia’s largest bank, plans to offer loans backed by Bitcoin, Ethereum, and Tether (USDT) as collateral
- Ethereum and USDT eligibility depends on Bank of Russia approval for public circulation
- Russia’s new crypto law, Federal Law No. 282-FZ, takes effect September 1, 2026
- Sberbank is also building a crypto wallet and aims to complete its digital asset depository by December 1
- Russia flagged around 2,600 crypto wallets in the first half of 2026 as part of expanded enforcement
Russia’s largest bank is moving into crypto-backed lending as new regulations take shape. Here is what is happening.
Russia’s Largest Bank Sberbank Plans to Accept BTC, ETH and USDT as Loan Collateral
TASS 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… pic.twitter.com/eBjgCzOEjO
- Wu Blockchain (@WuBlockchain) August 30, 2026
Sberbank Moves Into Crypto-Backed Lending
Sberbank is preparing to offer corporate loans secured by digital assets. Bitcoin is expected to be the primary collateral, with Ethereum and Tether potentially added later.
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