Sberbank is exploring the possibility of offering loans to clients secured by cryptocurrency, according to Deputy Chairman of the Management Board Anatoly Popov in an interview with TASS.
The state bank is ready to collaborate with the regulator in developing relevant solutions for regulating the cryptocurrency market and creating the infrastructure for launching such services. "I hope that we will soon be able to announce such transactions," Popov added.
On December 23, the Central Bank presented a concept for regulating cryptocurrency in the Russian market. According to the plan, unqualified investors will be able to purchase cryptocurrency worth no more than 300,000 rubles per year through a single intermediary. However, they will be required to undergo testing before purchasing. Qualified investors will be able to purchase any cryptocurrency except anonymous ones. There are no limits on the amount, but there is a risk assessment test.
The regulator intends to allow the purchase and sale of cryptocurrency through licensed exchanges, brokers, and trustees. Furthermore, Russian residents will be able to purchase cryptocurrency abroad, paying for it from their foreign accounts, and transfer it abroad through intermediaries. However, they will be required to notify the tax service of these transfers.