Can Russia Lead Eastern Europe's Cryptocurrency Market to Prosperity?

Unlike many other jurisdictions in the world, Russia has begun to recognize the potential benefits and risks of cryptocurrency and has already taken the first steps to deploy digital currency. It is reported that Russia's newly introduced "On Digital Financial Assets" sets clear directions for how authorities handle cryptocurrencies, and how individuals and enterprises handle cryptocurrencies in daily operations. However, the new regulations may cause payment companies and fintech companies planning to expand to the Russian market to suspend operations.