Crypto Booms in Russia, Daily Volume Hits $648M Amid Regulatory Shift
Share:
Russia's daily crypto trading volume reaches 50B rubles ($648M), with a total annual turnover of over 10 trillion rubles ($130B). A draft law to regulate crypto transactions is expected in parliament by March, amid concerns of unregulated trading activities.
- Russia’s daily crypto trading volume hits 50B rubles, says Deputy Finance Minister.
- A draft law to oversee crypto transactions could be introduced in Russia’s parliament soon.
- He also said that most of the crypto dealings are happening outside any regulations.
During the Alfa Talk conference (organized by Alfa Bank, Russia’s largest private bank ), Deputy Finance Minister Ivan Chebeskov stated that daily crypto trading volume in Russia reached 50 billion rubles (approximately $648 million).
Chebeskov said cryptocurrency use in the country has continued to grow, with millions of citizens involved and turnover reaching about 50 billion rubles per day, and more than 10 trillion rubles per year (approximately $130 billion).
Chebeskov said a draft law to oversee crypto transactions could be introduced in Russia’s parliament, the State Duma, by March. The finance …
Read The Full Article Crypto Booms in Russia, Daily Volume Hits $648M Amid Regulatory Shift On Coin Edition.
Read More
Russia Plans Crackdown on Unregistered Crypto Exchanges This Summer as Domestic Rules Approach
Who Actually Uses XRP? Separating Reality From Narrative
Crypto Booms in Russia, Daily Volume Hits $648M Amid Regulatory Shift
Share:
Russia's daily crypto trading volume reaches 50B rubles ($648M), with a total annual turnover of over 10 trillion rubles ($130B). A draft law to regulate crypto transactions is expected in parliament by March, amid concerns of unregulated trading activities.
- Russia’s daily crypto trading volume hits 50B rubles, says Deputy Finance Minister.
- A draft law to oversee crypto transactions could be introduced in Russia’s parliament soon.
- He also said that most of the crypto dealings are happening outside any regulations.
During the Alfa Talk conference (organized by Alfa Bank, Russia’s largest private bank ), Deputy Finance Minister Ivan Chebeskov stated that daily crypto trading volume in Russia reached 50 billion rubles (approximately $648 million).
Chebeskov said cryptocurrency use in the country has continued to grow, with millions of citizens involved and turnover reaching about 50 billion rubles per day, and more than 10 trillion rubles per year (approximately $130 billion).
Chebeskov said a draft law to oversee crypto transactions could be introduced in Russia’s parliament, the State Duma, by March. The finance …
Read The Full Article Crypto Booms in Russia, Daily Volume Hits $648M Amid Regulatory Shift On Coin Edition.
Read More
Russia Plans Crackdown on Unregistered Crypto Exchanges This Summer as Domestic Rules Approach