Moscow Exchange supervisory board head warns of digital asset market collapse over Eurotrans default
- —Eurotrans's debt, including digital assets, reached 36.8 billion rubles
- —About 92% of the company's bonds are held by individuals
- —The first official default was recorded in August, followed by defaults on all 10 issues
- —In the first quarter, the number of distressed digital asset issuers reached ten, a third of the market
Why it matters: Defaults by digital asset issuers undermine retail investor confidence and could lead to tighter regulation of Russia's digital asset market.
Source: Bits.media