Russia's Finance Ministry Reports $648 Million Daily Crypto Transactions Amid Regulatory Changes

Russia's finance ministry has disclosed that daily cryptocurrency transactions in the country amount to approximately $648 million, highlighting significant activity in the unregulated market. According to NS3.AI, lawmakers are anticipated to pass new regulations in the upcoming spring session aimed at licensing exchanges and regulating market participants. Major financial entities, such as the Moscow Exchange and various banks, are gearing up to enter the cryptocurrency market once the legal framework is in place.