Russia may open up to 1 million crypto accounts within one year

According to Odaily, Aleksey Korolenko, Executive Director of Cifra Markets, stated in an interview ahead of the St. Petersburg International Economic Forum that after the relevant bill is passed and comes into effect, the number of crypto accounts opened by investors is expected to rise significantly. If large financial institutions launch convenient client solutions, Russia could see up to 1 million crypto accounts opened within the first year under the compliant framework. (tass)