Russia is one of the key markets for crypto
Thank you for accessing/reading our report. This is report follows our previous reports on the Japanese Crypto Markets: please find them on Xangle.io if you have not done so already.
This industry has come a long way since the ICO Boom of 2017.
Countries, governments, and incumbent industries are now taking blockchain more seriously.
New regulations & policies are drafted every month, and lots of studies are under way (CDBCs too).
We know that all eyes have been on DeFi lately, but we are going to take a step back from this mania to check on the progress of one of the biggest crypto markets: Russia.
Unfortunately, despite high expectations, information on Russian market conditions are not very easy to find. There is a general understanding that mining/trading is very active in the CIS regions, but not much else is known about its climate (crypto).
We hope that this report helps shed a little more light in understanding what is happening in Russia. For more information, feedback, or questions, please email research@Xangle.io.