... adoption, several of the largest U.S. banks — including Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS — plan to introduce spot Bitcoin exchange-traded funds (ETFs) to their clients in 2025. This development bridges the gap between traditional finance and the digital asset market, giving Bitcoin a new level of mainstream legitimacy. Investors are closely watching how this embrace of Bitcoin by Wall Street will influence the asset’s price trajectory, market liquidity, and long-term role in ...

... non-residents from Russian business: the regulations introduced at the end of 2024 entail hefty fines and additional payments to the budget, totaling up to 95% of the asset value, effectively blocking most transactions involving foreign capital. Secondly, high financing costs diminish project attractiveness: the Bank of Russia's key rate has been raised to 21%, making loans expensive. Thirdly, the uncertainty in the economic situation (geopolitical risks, high sanctions costs, and ruble volatility) complicates ...

... cryptocurrency; it is an entire blockchain network platform with smart contracts that allow the creation of new tokens and services leveraging its infrastructure. This has led to the emergence of projects based on Ethereum and similar platforms—decentralized finance (DeFi), non-fungible tokens (NFTs), etc.—which significantly expand the application possibilities of cryptocurrencies. It is essential to understand that the term "cryptocurrency" encompasses a multitude of digital assets with different ...

... cryptocurrency domestically. Daniil Egorov noted that much depends on the agreement with the Central Bank: the tax service can ensure accounting and oversight, but launching trading requires approval from the main financial regulator. Currently, the Ministry of Finance, together with the Bank of Russia, is developing an experimental legal regime for cryptocurrency operations. This involves launching trading platforms under state supervision on a limited basis. According to Deputy Finance Minister Ivan Chebeskov,...

... alternative assets. This can lead to a weakening of the dollar, affecting commodity and financial markets, and also contribute to the growth of other currencies, such as the euro and the yuan. 2. Inflation Risks Additional stimulus and support measures financed by borrowing can create inflationary pressure in the economy. Growing government debt and additional financing at high rates increase inflation expectations. If inflation rises, the Fed may be forced to raise interest rates further, which will ...