Russia’s Expobank Issues Country’s First Crypto-Collateral Loan

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Russia’s Expobank Issues Country’s First Crypto-Collateral Loan

The Russian bank Expobank says it has issued the nation’s first-ever crypto-backed loan – despite the fact that the country has recently introduced a new law that prohibits the use of tokens as a form of payment.
Per a report from media outlet Kommersant, the loan was secured by using tokens issued by Russian blockchain firm Waves as collateral.
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