Russia’s crypto market could reach $46.43 billion in first year, Sberbank executive says

  • Anatoly Popov said Russia’s regulated crypto market could reach at least $46.43 billion initially.
  • The market could rise to $87.06 billion by 2029, Popov said.
  • Russia’s central bank plans broker-facilitated cryptocurrency purchases from Sept. 1.

Crypto trading in Russia could generate at least $46.43 billion during its first year under a regulated framework, Anatoly Popov, deputy chairman of Sberbank, said, according to Wu Blockchain. Popov said the market could expand to $87.06 billion by 2029. Russia’s central bank plans to let investors buy cryptocurrencies legally through brokers starting Sept. 1. Non-qualified investors, meaning investors without an officially recognized professional status, would be limited to $3,800 in annual cryptocurrency purchases through a single licensed intermediary.

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