Russia’s crypto market expected to reach $24 billion
The Russian market for crypto investment products is likely to amount to a couple of trillion rubles next year, predicted a prominent member of Russia’s crypto space.
The forecast comes after Moscow took a series of steps in the past months to organize and regulate this segment of its digital economy, still strictly reserved for institutions and rich Russians.
Regulation opens door for institutional players
Russia has been gradually warming towards crypto since last year, with laws and rules recognizing certain activities related to digital assets.
The adoption of basic regulation in 2024, when the Russian government legalized cryptocurrency mining, opened up new horizons for the industry, the daily Izvestia noted in an…
