• Russia’s daily crypto turnover is over $650 million, Ministry of Finance says Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. • What to know: Cryptocurrency turnover is estimated at $650 million daily and $130.5 billion annually, primarily occurring outside regulated channels, according to the Ministry of Finance. • Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. • The new framework would allow licensed exchanges and brokers to offer cryptocurrency services, including spot trading, with specific licensing for exchange offices and penalties for unlicensed intermediaries. • Russia’s Ministry of Finance has estimated the country’s daily cryptocurrency turnover at 50 billion rubles, or roughly $650 million, with annual activity exceeding 10 trillion rubles, around $130.5 billion. • The figures were shared by Deputy Finance Minister Ivan Chebeskov at the Alfa Talk conference, highlighting the growing scale of unregulated crypto use in the country, local outlet RBCreports.
Article Summaries:
- Russia’s daily crypto turnover is over $650 million, Ministry of Finance says Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. What to know: - Cryptocurrency turnover is estimated at $650 million daily and $130.5 billion annually, primarily occurring outside regulated channels, according to the Ministry of Finance. - Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. - The new framework would al
Sources: