Russia's Finance Ministry says crypto laws will be refined as market practice evolves
- —About 20 million Russians hold crypto, with total holdings of 3.7 trillion rubles
- —Daily crypto turnover in Russia is estimated at around 50 billion rubles
- —Capital requirement for non-bank crypto exchanges cut from 30 million to 15 million rubles
- —Criminal liability for unlicensed crypto activity to take effect after July 1, 2027
Why it matters: Russia is building a regulatory framework for one of Europe's largest crypto user bases, shaping access for banks and independent exchanges.
Source: BeInCrypto RU