Russia's Finance Ministry puts citizens' crypto holdings at RUB 3.7 trillion, far above central bank estimate
- —Finance Ministry: 20 million Russians use crypto, holdings at RUB 3.7 trillion
- —Bank of Russia estimated RUB 720 billion on foreign exchanges
- —Chainalysis: Russia received $376.3 billion in crypto transactions over a year
- —More than 80 Russian banks connected to Rosfinmonitoring's Transparent Blockchain
Why it matters: The gap between the two estimates shows Russia's crypto holdings remain hard to measure, complicating efforts to regulate the market.
Source: CoinSpot
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