... digital collectible tokens. Europe: The MiCA regulatory framework has been enacted in the EU, standardizing requirements for cryptocurrency market participants and stablecoins. The European approach provides uniform regulatory standards, attracting businesses to EU markets due to clear and transparent operational conditions. Asia: Asian countries are striving to strengthen their jurisdictions' status as crypto-friendly hubs. Hong Kong has introduced a mandatory licensing regime for cryptocurrency ...

... the interest margin. Credit Losses and Reserves Credit loss expenses amounted to 55.6 billion RUB compared to 32.2 billion RUB last year. This indicates a more cautious reserving policy in light of potential risks within the loan portfolio. Fee-Based Business Fee Income: 26.6 billion RUB (up from 21.3 billion RUB). Fee Expenses: 6.2 billion RUB, higher than 5.6 billion RUB a year earlier. The growth in fee income demonstrates resilience and diversification of revenue sources, especially amid declining ...

... protection of digital collectible tokens. Europe: The EU has implemented a comprehensive set of MiCA rules, unifying requirements for participants in the crypto market and stablecoins. The European approach provides uniform regulatory standards, attracting businesses to the EU markets through clear and transparent operating conditions. Asia: Asian countries are striving to strengthen the status of their jurisdictions as crypto-friendly hubs. For instance, Hong Kong has introduced a mandatory licensing ...

... working on large projects, this approach becomes a logical solution, especially amid tightening financial policies. The main advantages of IPO for developers include: Attracting capital on favorable terms. Reducing reliance on bank financing. Increasing business transparency, which fosters trust among investors and clients. Challenges and Risks of Going Public Despite the appeal of an IPO, developers face several difficulties. In a high key rate environment, investors tend to prefer stable and profitable ...

... startups, closing record-sized deals, while IPO plans are back in the spotlight. Major funds and corporations have resumed significant investments, launching new venture programs, while governments in various countries are increasing support for innovative businesses, striving to keep pace in the global technology race. Preliminary estimates indicate that the first half of 2025 has been the most successful period since 2021 in terms of total venture capital investments. In the US and Canada alone, startups ...