Russia's crypto market turnover estimated at $376 billion a year
- —Russia's crypto turnover reaches up to $376 billion a year, forum estimates show
- —Russians hold about 720 billion rubles in assets on foreign exchanges
- —Bank of Russia to adopt 27 regulations by end-October; seven already sent to Justice Ministry
- —Retail investors face testing and a 300,000 ruble limit
Why it matters: Full regulation could bring up to $15 billion in commission revenue back onshore and enable the first legal trades before year-end.
Source: CoinSpot