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Russia’s new Crypto rules struggle to attract retail investors


Russia’s new Crypto rules struggle to attract retail investors

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The Central Bank of Russia reported in its June 1 Financial Stability Review that domestic assets tied to cryptocurrency instruments held steady over the past six months at about 3.8 billion rubles ($44 million). Despite 2024 legalization of crypto mining and progress on a full regulatory framework, the small and unchanged asset base points to limited domestic adoption and minimal market impact so far.

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According to the Central Bank of Russia, domestic assets related to cryptocurrency instruments remained nearly unchanged for the last six months, remaining close to 3.8 billion rubles ($44 million), per the agency’s Financial Stability Review released on June 1. For a country that legalized crypto mining in 2024 and is now building a full regulatory...
Read the article at CryptoPolitan

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