Russia’s Crypto Market Undergoes Restructuring

🔲In the first half of 2025, Russia’s cryptocurrency sector continued adapting to tightening regulations. Under growing restrictions, businesses have shifted focus: institutional players have strengthened their positions in mining, where capacities have become available and entry barriers have lowered. At the same time, interest in legal instruments — from futures to synthetic products — is on the rise.

🔲Amid these structural changes, authorities are introducing targeted bans and increasing oversight, which has already led to a redistribution of mining workloads. Experts note that the market is undergoing a transformation, moving toward a more mature but heavily regulated ecosystem.