After the adoption of the legislative framework for regulating digital assets in August 2024, the Russian industrial mining market received a powerful impetus for development. Large financial players and industrial corporations began to actively enter it, which led to a noticeable increase in interest in the digital economy.
According to Vasily Giri, CEO of GIS Mining, as early as 2025, the processes in the market of fiat and cryptocurrency instruments will be more closely intertwined. Thanks to the new regulations, qualified investors in Russia have been given the opportunity to use investment products based on digital currencies, including funds, digital financial assets and tools for monetization of mined cryptocurrencies.
GIS Mining estimates the volume of this segment at more than 2 trillion rubles over the next year. Investment decisions include the use of computing power in data centers, the launch of perpetual digital assets, and participation in mutual funds.
There is also growing interest from the banking sector, as well as investment companies. Giria suggests that under a positive scenario, the cost of bitcoin could reach $130,000-$135,000 by the end of 2025. Among the key events in the industry, he noted the release of the first liquid ruble-denominated stablecoin, which can significantly simplify cross-border settlements and strengthen Russia's position in international trade.
The Central Bank and the government continue to work together on experimental legal regimes, expanding the scope of application of crypto assets. New rules are being developed for institutional participants to ensure transparency and sustainable market development. In the context of geopolitical instability, digital currencies are becoming an asset protection tool and an additional channel to enter global financial markets.
According to the expert, the high intellectual potential of Russian specialists plays an important role in mastering advanced technologies. The country has seen an increase in the number of projects related to open blockchains, distributed ledgers, and computing power management. This not only increases the competitiveness of the economy, but also allows it to participate in regulating energy consumption and resource allocation.
In addition, considerable attention is being paid to the introduction of innovative solutions in industrial mining, which makes Russia one of the promising centers for the development of the cryptocurrency industry. At the same time, Ethereum updated its historical high in August, exceeding the $4,950 mark, which further stimulated investor interest in digital assets. In the absence of a full-fledged domestic crypto exchange, some transactions still go to foreign channels and the over-the-counter segment, but the Russian market is demonstrating its readiness for broader integration.
