DeepFlow TechFlow report: A senior official from Russia's Ministry of Finance stated that Moscow's motivation to build domestic market infrastructure for digital assets has increased as sanctions have severed Russia’s ties with the global financial system. The comments come amid growing difficulties for Russians in accessing foreign crypto platforms. The official noted that it has become extremely difficult for Russians investing in cryptocurrencies overseas to withdraw funds and convert them into fiat currency. Russian citizenship now raises concerns among foreign regulators, resulting in frozen funds and rejected new accounts. Therefore, the incentive to create Russia's own digital currency infrastructure has certainly become much stronger.
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