Russia's daily crypto turnover is over $650 million, Ministry of Finance says

Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. What to know : Cryptocurrency turnover is estimated at $650 million daily and $130.5 billion annually, primarily occurring outside regulated channels, according to the Ministry of Finance. Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. The new framework would allow licensed exchanges and brokers to offer cryptocurrency services, including spot trading, with specific licensing for exchange offices and penalties for unlicensed intermediaries.