Minestream CEO Predicts Crypto Deals in Russia to Surpass 5 Trillion Rubles

According to the Minestream CEO, the total volume of crypto transactions in Russia could reach 5 trillion rubles this year. He observes that demand for digital assets has been climbing amid legalized mining and more flexible regulatory measures. Industry analysts report a 23% rise in large OTC trades over the last quarter.

Increasingly, Russian companies rely on cryptocurrency for cross-border transactions, especially in the B2B sector. Forecasts suggest that within the next 18 months, the nation may secure a stronger standing among global mining hubs, attracting foreign investors. In tandem, banks are developing specialized services for handling digital assets.

Observers see this as a promising development: broader volume and the arrival of institutional players might foster a more mature market. Nonetheless, risks such as potential money laundering highlight the need for additional supervision. Authorities, however, insist they are refining oversight mechanisms to mitigate such issues.