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Finance Ministry estimated Russia’s daily cryptocurrency turnover at 50 billion rubles
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- •Russia’s Finance Ministry estimated daily cryptocurrency turnover in Russia at 50 billion rubles.
- •The same estimate was reported as approximately $648 million per day.
- •The estimate was reported by TASS (EN) and Kommersant (RU).
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- ▸If the 50 billion rubles figure is based on comprehensive coverage of both exchange and OTC flows, including stablecoin activity... Then the estimate would indicate a larger and more systemically relevant crypto transaction footprint than measures limited to regulated exchange volumes.
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