Russia’s Crypto Revolution: Why Strict Regulations Are Emerging

The rise of cryptocurrencies has been closely tied to one nation: Russia. With a staggering 33% of global cryptocurrency exchange traffic originating from Russia, a call for stricter regulation is gaining momentum. Russian lawmaker Yevgeny Masharov, in a bold statement, has urged immediate action on the digital asset landscape, proposing that all unlicensed transactions be deemed illegal, leading to severe penalties and potential criminal charges. This unprecedented move marks a pivotal shift in Russia’s approach to cryptocurrency management.