Cryptocurrency can be used in the same way as gold, according to Russian pawnshops. And access to work with digital assets will ensure an influx of customers from the cryptocurrency industry, Kommersant writes.
The journalists got acquainted with the documents submitted to the Bank of Russia by the Neolombard network (Lombard CityCredit company). The company’s specialists are asking for an explanation of the possibility of accepting cryptocurrency as collateral for loans.
According to Brazhnikova, pawnshops, “having gained a foothold in the segment of lending secured by gold, are striving to enter the promising niche of the CFA.”
In other cases, “legislation does not establish the legal basis for the circulation of digital currency.” However, as journalists write, the Central Bank did not find any grounds for banning such activities.
Source: Cryptocurrency
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