Russia's Cryptocurrency Transactions Exceed $650 Million Daily

Russia's daily cryptocurrency trading volume surpasses $650 million, according to the Ministry of Finance, as officials seek regulations.

The Ministry of Finance has reported that Russia's daily cryptocurrency transaction volume has topped $650 million. This significant figure comes as government and central bank representatives advocate for establishing regulations to oversee cryptocurrency operations.

In an effort to create a structured framework for digital currencies, officials are working towards passing relevant legislation during the upcoming spring session. This move indicates a growing recognition of the importance of regulating the crypto market in Russia.