Russia’s cryptocurrency market is experiencing a surge in transactional activity, with daily trading volumes reaching an estimated 50 billion rubles, roughly $640 million, according to Deputy Finance Minister Ivan Chebeskov.
Summary
- Russia’s Finance Ministry says crypto trading volumes have reached 50 billion rubles ($640 million) per day, or roughly $129 billion annually, much of it outside formal oversight.
- Lawmakers are preparing a sweeping regulatory framework that would introduce mandatory exchange licensing by 2027 and stricter supervision of crypto platforms.
- Proposed rules include potential retail investment caps, asset approval controls by the central bank, and…
