16 February 2026
Russia’s Ministry of Finance has estimated that cryptocurrency trading in the country has climbed to roughly 50 billion roubles ($650 million) per day, highlighting the enormous level of domestic activity as the government prepares to introduce regulatory measures.
Deputy Finance Minister Ivan Chebeskov explained that this level of trading suggests millions of Russians are involved, with total yearly crypto transactions exceeding 10 trillion roubles. Currently, much of this activity operates outside formal government regulation.
His remarks come as lawmakers plan to review a proposed legal framework this spring aimed at integrating cryptocurrency transactions into Russia’s established financial system.
Growing crypto use within Russia
Speaking at the Alfa Talk industry conference, Chebeskov noted that daily trading volumes translate into over 10 trillion roubles circulating annually in digital currencies. He said this demonstrates continued expansion in the use of crypto for both saving and payments.
He added that earlier estimates had already shown Russian citizens holding trillions of roubles in digital assets, and the latest figures offer one of the clearest official snapshots of the market’s size.
Chebeskov said the government is finalizing legislation and expects progress during the State Duma’s spring session, with the goal of creating proper legal structures for digital currency use.
Meanwhile, Central Bank First Deputy Chairman Vladimir Chistyukin said authorities are considering the possibility of launching a rouble-backed stablecoin, even though restrictions remain, as other nations develop their own central bank digital currencies.
Regulation expected this spring
In late 2025, the Central Bank proposed a regulatory model that would allow crypto trading through licensed exchanges and brokers operating within Russia’s financial system. Both experienced and ordinary investors would be allowed to participate, although certain limits would apply.
Under this plan, traditional financial institutions would not need separate crypto licenses, but exchanges and intermediaries would face additional requirements. Penalties are also being planned to address illegal crypto activities.
Russian financial firms have indicated they are ready to enter the crypto sector once clear regulations are in place. Officials believe formal regulation will help local platforms compete with foreign exchanges and move more trading into a regulated environment.