Russian user traffic surges on global cryptocurrency exchanges as central bank warns of Western sanctions risk
According to a recent study by the Central Bank of Russia, the trading of Russian citizens on global trading platforms has surged in the past two quarters, prompting officials to issue warnings about increased risks faced by users. During this period, the traffic to some top cryptocurrency exchange websites exceeded 104 million, a 16.4% increase compared to the second and third quarters of 2023. The report also emphasized the potential risks to users from the increased adoption of cryptocurrencies. Specifically, if Western countries increase pressure on issuers of digital assets, Russian users may face additional challenges and uncertainties.
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