Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Lenipiw on August 19, 2020, 12:51:25 PM
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Russian banks are not waiting for full regulatory clarity to issue crypto loans.
Expobank, a commercial bank in Russia, has reportedly issued the country’s first-ever loan backed by cryptocurrency.
According to an Aug. 19 report by local news agency Kommersant, Expobank provided the credit through issuing an individual bank loan powered by Waves (WAVES) tokens.
Waves CEO and founder Alexander Ivanov confirmed the news in a tweet, noting that the loan used Waves tokens as collateral.
Visit here: https://cointelegraph.com/news/waves-powers-russias-first-reported-crypto-backed-bank-loan