Regulation· ★★★· neutral· September 23, 00:00

Russia's Finance Ministry pegs daily crypto trading volume at 50 billion rubles

—Daily crypto transactions in Russia estimated at about 50 billion rubles
—Around 10 million more Russians may join the market in 2027
—No precise data available as the market operated unregulated, with users split across foreign platforms
—Bank of Russia may issue first crypto licenses before end-2026

Why it matters: The scale of the market will become clearer once regulation is in place, shaping tax revenue and rules for participants.