Ministry of Energy and the Ministry of Economic Development.
Posted: Mon Jan 20, 2025 10:24 am
"The use of cryptocurrency to solve real economic problems is small. Demand for it is limited, including by the requirements of banks for owners of money to provide all kinds of explanations, clarifications and documents to justify payments. In Russia, sanctions limiting cross-border settlements can be added to this," says Valery Petrov.
He added that Russian usa whatsapp resource cryptocurrency owners will have to operate only with those fiat assets that they have outside the country. And it is unlikely that they will be able to conduct transactions legally, as they do now. Therefore, Russians are not significantly increasing their cryptocurrency portfolios yet.
Nikita Stepanov, an analyst at FG Finam, believes that cryptocurrency is becoming more popular in Russia every year, which is facilitated by sanctions and talk of its legalization.
"The number of cryptocurrency owners will grow. This is due to "mass adoption", when specialized companies lower the threshold for entering the crypto space as much as possible. For example, many crypto exchanges simplify the design of terminals, create educational departments, the main goal of which is to explain to a new user as simply as possible where he has ended up," says Nikita Stepanov.
Also, companies that were not previously associated with cryptocurrencies are integrating them into services. He cited Telegram as an example, which integrated the TON blockchain, thanks to which any messenger user can create a crypto wallet and buy cryptocurrency in the application.
"The trend of growing popularity of cryptocurrencies may affect the economy, but not much. Basically, the use of cryptocurrencies in the Russian Federation will be limited to international transfers, since they are not subject to traditional payment operators, such as Swift, and therefore, sanctions. But in the long term, it will be difficult for cryptocurrencies to become anything more than a "crutch" for transfers, since the state and the Central Bank are planning the mass use of digital currencies," says Nikita Stepanov, an analyst at FG Finam.
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He added that Russian usa whatsapp resource cryptocurrency owners will have to operate only with those fiat assets that they have outside the country. And it is unlikely that they will be able to conduct transactions legally, as they do now. Therefore, Russians are not significantly increasing their cryptocurrency portfolios yet.
Nikita Stepanov, an analyst at FG Finam, believes that cryptocurrency is becoming more popular in Russia every year, which is facilitated by sanctions and talk of its legalization.
"The number of cryptocurrency owners will grow. This is due to "mass adoption", when specialized companies lower the threshold for entering the crypto space as much as possible. For example, many crypto exchanges simplify the design of terminals, create educational departments, the main goal of which is to explain to a new user as simply as possible where he has ended up," says Nikita Stepanov.
Also, companies that were not previously associated with cryptocurrencies are integrating them into services. He cited Telegram as an example, which integrated the TON blockchain, thanks to which any messenger user can create a crypto wallet and buy cryptocurrency in the application.
"The trend of growing popularity of cryptocurrencies may affect the economy, but not much. Basically, the use of cryptocurrencies in the Russian Federation will be limited to international transfers, since they are not subject to traditional payment operators, such as Swift, and therefore, sanctions. But in the long term, it will be difficult for cryptocurrencies to become anything more than a "crutch" for transfers, since the state and the Central Bank are planning the mass use of digital currencies," says Nikita Stepanov, an analyst at FG Finam.
Read also