According to TASS, Russia's Deputy Finance Minister Ivan Chebeskov stated that there are currently about 20 million cryptocurrency users in Russia, with total related investments reaching 3.7 trillion rubles (approximately $44 billion). This includes directly held cryptocurrencies and some financial products linked to them. The daily trading volume of cryptocurrencies in Russia is around 50 billion rubles (approximately $595 million). Chebeskov mentioned that a significant portion of the market is still outside the regulatory framework. With the implementation of comprehensive regulatory legislation, the government expects to gain a more accurate understanding of market size, transaction structures, and trends in the future. He also noted that Russian tax residents will need to report cryptocurrency transactions outside the regulatory framework to the Federal Tax Service. If assets like USDT or USDC are frozen due to actions by foreign issuers, and there is no fault on the part of Russian custodians, the associated losses will be borne by investors. https://www.(wublock123.com)/news/russia-20-million-crypto-users-3-7-trillion-ruble-investments-68856