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Regulation can open a market and narrow it at the same time. 🇷🇺 Russia’s first draft rules would require digital depositories to hold up to $2.8 million in capital before the September rollout. I understand the safety logic, but that threshold will favour larger custodians and make entry difficult for smaller firms. Russia may gain a regulated crypto market, yet liquidity and custody could become concentrated among a few approved players. For traders, the real signal is not the regulation itself it is how many firms qualify and how much local liquidity they can attract. $BTC #CXMTDebutShockwave #AIEarningsWatch #CeasefireHitsCrude