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How Russia is going to operate a regulated, state-controlled crypto market

How Russia is going to operate a regulated, state-controlled crypto market

00:01 Speaker A

So, buybacks are designed to make tokens economically valuable. The next story, Russia is preparing to make them legaly legally usable, but within extremely strict limits. Here’s the story if you missed it. Russia’s largest bank forecast a 46 billion in first-year crypto exchange trading under new rules. So the real story here is that Russia’s opening a regulated crypto market, but it’s heav heavily regulated and effectively run by the government. Now Sberbank, which is the bank we’re talking about here, many say is the biggest bank in the world and obviously very closely tied to the Russian government. So starting September 1st, they have their new crypto framework going into action. And so, they project…

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