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Japanese lender CRYL launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million) at annual rates of 3.5% to 7% with collateral ratios of 40% to 60%. Borrowers can access fiat currency without selling their BTC for expenses including taxes, business funding, and property purchases.
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Summary by ByteBrief
Japan's local investment plan boosts bitcoin, gold demand