Russian Senate proposes crypto as legal collateral
- —Senate council proposes formalizing crypto as collateral in Russia
- —Justice Ministry and Bank of Russia to assess BTC, ETH and stablecoin collateral
- —Senator Sheykin says stablecoins must circulate within Russia's legal crypto perimeter
- —Sber announced plans in late August to issue loans backed by BTC, ETH and USDT
Why it matters: Legalizing crypto collateral would broaden business access to liquidity and accelerate institutional adoption in Russia.
Source: CoinSpot