Russians move $129B in crypto yearly

Russians move $129B in crypto yearly

Russia’s finance ministry and central bank are reportedly calling on the government to speed up the rollout of crypto market regulations amid a boom in digital asset adoption, claiming that citizens are spending almost 50 billion Russian rubles ($648 million) on crypto daily. According to a report from Russian news outlet RBC on Thursday, Russia’s deputy finance minister, Ivan Chebeskov, emphasized the importance of regulating the market, noting that most crypto spending occurs through unregulated channels. “We have always said that millions of citizens are involved in this activity, these…

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