Russia's daily crypto turnover is over $650 million, Ministry of Finance says
Officials report roughly 50 billion rubles in daily crypto transactions and are pushing legislation to regulate the market during the spring session [1].
Russia's finance ministry and deputy finance minister reported daily cryptocurrency turnover at roughly 50 billion rubles, equivalent to about $640–$650 million, according to statements and contemporaneous media reports [1][3][4].
Deputy Finance Minister Ivan Chebeskov said that the flows amount to an estimated 50 billion rubles per day and that, on an annualized basis, around $129 billion moves outside "our attention," prompting calls for tighter oversight from officials [2].
Government and central bank officials have responded by pushing draft legislation to regulate cryptocurrency activities; the Finance Ministry said it aims to advance the measures during the spring legislative session [1].
The ministry's figures highlight a substantial level of crypto activity and have accelerated plans by Russian authorities to introduce regulation in the near term [1][2].
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Citations
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- 1Russia's daily crypto turnover is over $650 million, Ministry of Finance saysCoinDesk• Feb 16, 2026
- 2Russians move $129B in crypto yearly ‘outside our attention’: OfficialCointelegraph• Feb 16, 2026
- 3Russian crypto trading tops $640M a day, finance ministry revealscrypto.news• Feb 16, 2026
- 4Russia records $647M in daily crypto transactions, says deputy finance ministerCrypto Briefing• Feb 16, 2026
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