#CryptoRegulation Cryptoregulation in Russia carries risks of strict bans, high taxes, and exchange blockages, which could kill the legal market and drive business offshore. Miners will face increased electricity tariffs, while investors will encounter complicated income declaration processes. Strict rules will provoke an outflow of IT specialists and crypto startups to other countries.

However, soft regulation, on the contrary, can legalize the crypto market, protect investors, and attract investments. While authorities tend to favor control over support,

If Russia chooses the path of strict limitations, it risks falling behind in the race for digital technologies, losing not only capital but also skilled personnel, who are already mass migrating to more favorable jurisdictions.

On the other hand, sensible regulation could transform Russia into a regional hub for crypto innovations, attracting foreign investments and creating new high-tech jobs in the fields of blockchain and digital assets.