The Russian government may start blocking access to foreign cryptocurrency exchanges as soon as it regulates crypto trading in its jurisdiction in a few months’ time, according to industry watchers.
The warning comes amid restrictions on messaging apps, video-sharing sites, and social media networks based abroad, which recently affected popular platforms like Telegram, WhatsApp, and YouTube.
Meanwhile, the appetite of Russian financial firms for crypto profits has been growing, and they are already indicating their intentions to divert some of the massive flow of fees that’s currently leaving the country toward their own platforms, once the Russian crypto framework is in place.
