#DigitalAssets / Crypto Exchange Paxful Sees Usage Up 350 Pct In Russia

Paxful says it has experienced a 350 percent jump in the use of its infrastructure in Russia… The bitcoin exchange has seen record month-over-month peaks in user signups on its exchange…

[Anton Kozlov, the company’s Russian market manager:] “… Russia has always had a monolithic banking system that is dominated by a few players, and the sentiment we get is that Russians are increasingly looking to find alternative ways to grow their earnings and participate in the financial markets.” The news comes as the Russian Duma recently ratified the “Law on Financial Assets” following a lengthy period of discourse.