Representatives The financial market is exploring the possibility of creating credit products for miners, where bitcoins can be used as collateral, said Maria Burdonova, compliance director at Russian Sovcombank.
According to her, there is a need for lending secured by bitcoins in the domestic cryptocurrency mining segment.
“As a bank, we see a need, including in the mining industry, for small loans secured by digital financial assets. We are actively developing our expertise to provide relevant products for miners. A miner can take out a loan secured by a financial asset, such as Bitcoin, put the money in circulation, and wait for the market conditions to be favorable for selling the mined Bitcoin,” Burdonova said.
The top manager of Sovcombank emphasized that the need for small loans is due to the large number of individual entrepreneurs in the country who are engaged in Bitcoin mining. In other countries, the practice of using Bitcoin as collateral is common. According to Burdonova, it is necessary for the mining industry in Russia to develop in a civilized manner.
Earlier, representatives of the Bank of Russia announced plans at the Finopolis 2025 forum to introduce direct regulation of cryptocurrency investments and give market participants a year to obtain licenses and “whiten” their infrastructure.
