... capital from Middle Eastern, Chinese, and European funds, acting as "bridges" between ecosystems. Within Russia, deal sizes remain modest (rarely exceeding a few million dollars), but a steady flow of investments in niche projects aimed at domestic demand and import substitution persists. For venture investors from the CIS, the current global upturn represents a chance to enter new markets: despite restrictions, it is possible to attract international partners, register businesses in friendly ...

... during dips or, conversely, not buying at peak highs). Regulatory risks. Different countries have various stances on cryptocurrencies, and regulations are constantly changing. For instance, in Russia, paying with cryptocurrency for goods and services domestically is officially prohibited, but owning it as property is permitted. As of 2024, mining has been legalized in Russia, but the use of cryptocurrencies in commercial activities remains strictly limited. Other jurisdictions may have their own restrictions: ...