said<\/a> this \u201cturnover of more than 10 trillion rubles annually\u201d highlights the depth of crypto involvement among Russians, much of it occurring outside formal regulatory oversight.<\/p>\n\u201cWe\u2019ve always said that millions of citizens are involved in this activity, representing trillions of rubles in terms of use and savings. One example is the daily cryptocurrency turnover in our country\u2014around 50 billion rubles. That\u2019s a turnover of more than 10 trillion rubles per year, which is currently occurring outside the regulated zone, outside our control,\u201d the deputy minister explained.<\/p>\n
<\/p>\n
Officials note that millions of citizens are participating in crypto trading, investing and savings, but most of these transactions currently take place through unregulated channels, leaving them beyond the attention of authorities.<\/p>\n
Against this backdrop, Russian regulators are pushing to bring much of the crypto market under formal scrutiny. Lawmakers plan to present a comprehensive crypto regulation bill to the State Duma by June 2026, with the aim of adopting a legal framework that would take effect by July 1, 2027. <\/p>\n
Under the draft legislation, all cryptocurrency exchanges would need licenses, and operating without approval could be penalized similarly to illegal banking. Retail investors would face annual limits on crypto purchases \u2014 proposed at about 300,000 rubles (\u2248 $4,000) \u2014 and qualification tests before they can trade.<\/p>\n
Privacy-oriented cryptocurrencies could be restricted, and the central bank would have discretion over which assets are approved for legal trading beginning in mid-2027.<\/p>\n
Major Russian exchanges, including the Moscow and St. Petersburg exchanges, have been preparing to launch regulated crypto trading platforms once the legal foundation is finalized. These efforts reflect broader policy shifts aimed at moving users away from \u201cgray market\u201d activity toward licensed, transparent venues.<\/p>\n
The proposed rules also keep the long-standing ban on using crypto for domestic payments but open regulated trading as an investment vehicle. The combined push from the Ministry of Finance, the Bank of Russia, and the State Duma signals a strategic effort to balance market growth, investor protection and financial stability while reining in unregulated activity.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Russia\u2019s cryptocurrency market is experiencing a surge in transactional activity, with daily trading volumes reaching an estimated 50 billion rubles, roughly $640 million, according to Deputy Finance Minister Ivan Chebeskov.…<\/p>\n","protected":false},"author":1,"featured_media":3983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22185"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22185\/revisions"}],"predecessor-version":[{"id":22186,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22185\/revisions\/22186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3983"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}