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Russia Legalizes Crypto Trading, Sees First-Year Regulated Volume at $46.4 Billion

Russia Legalizes Crypto Trading, Sees First-Year Regulated Volume at $46.4 Billion

  • Russia said allowing cryptocurrency trading within a regulatory framework could lift first-year formal-market trading volume to at least 4 trillion rubles.
  • SberCIB Investment Research said about 20% of Russia’s annual cryptocurrency trading volume will move into the regulated market in the first year, with the total projected to rise to about 7.5 trillion rubles by 2029.
  • The Central Bank of Russia imposed investment limits on both non-qualified and qualified investors, while also restricting the range of tradable cryptocurrencies to Bitcoin (BTC), Ether (ETH) and Tether (USDT).

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Russia will allow cryptocurrency trading within a regulated…

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