Russian pawnshops to give loans against crypto collateral

A pawnshop chain in Russia may soon start offering loans using cryptocurrency as collateral, with plans to accept other digital assets in the future. The announcement comes amid efforts to properly regulate crypto transactions in the country, which already recognizes Bitcoin as property but intends to expand the legal definition. Russian pawnbrokers mull launching loans […] source: https://www.cryptopolitan.com/russian-pawnshops-to-give-loans-against-crypto-collateral/