Russians Pour $648M Daily into Crypto – Annual Volume Hits $130B Amid Unregulated Boom

Russians are transacting $648 million in crypto every day, totaling over $130 billion annually, as millions turn to digital assets despite the global winter. Deputy Finance Minister Ivan Chebeskov revealed this at Alfa Talk, noting trillions of rubles in savings and trades outside regulations.

Sanctions Fuel Massive Adoption

Western sanctions since Ukraine war have made crypto a lifeline for payments and value storage, with daily volumes at 50B rubles (~$650M). Rosfinmonitoring's Transparent Blockchain tracks the surge, outpacing Europe – Russia led with $376B transfers last year.

Regulations Incoming to Tame the Wild West

Govt and Central Bank back fast-track laws for spring session: licenses for exchanges, penalties for unlicensed ops, transition period. Moscow Exchange eyes crypto services; $13B in tokenized RWAs/mining already, set for 2026 explosion. Digital ruble launches Sept 2026 nationwide.

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