Growth Dynamics: $20 Million to $200 Million

In Russia, new businesses seem very difficult to attract capital through traditional channels because banks are reluctant to finance high risk projects. Often, they require adequate guarantees for their loans. Venture capitalists, on the other hand, apply adverse conditions to new companies, along with these facts of life, along with increasing popularity of crypto, initiated the introduction of Russian to the initial coin offering (ICO) Has pushed. SOURCE https://news.bitcoin.com/estimate-crypto-investments-in-russia-reached-200-million-last-year/