Russia crypto volume hits $648M daily, says finance ministry

Russia reports 50 billion rubles daily crypto volume

Russia's daily cryptocurrency transaction volume reached 50 billion rubles ($648 million), Deputy Finance Minister Ivan Chebeskov stated in February 2026. The annual volume totals 10 trillion rubles ($129.4 billion). The figures derive from Rosfinmonitoring's Transparent Blockchain platform data. Millions of Russian citizens use crypto outside regulated zones.

"We have always said that millions of citizens are involved in this activity, these are trillions of rubles from the point of view of citizens in use, in savings. Also, for example, one of the figures, about 50 billion rubles per day is the turnover of crypto in our country. That is a turnover of more than 10 trillion rubles per year, which is now happening outside the regulated zone, outside our attention.", February 2026. — Ivan Chebeskov, Deputy Finance Minister, Russian Ministry of Finance

Government targets spring session for regulation approval

Russia expects to adopt crypto regulation during the State Duma spring session by July 1, 2026. Vladimir Chistyukhin, First Deputy Chairman at Bank of Russia, stated this expectation at the Alfa Talk conference. The draft bill goes to the Duma in March 2026. Both the government and central bank support the legislation.

"We would very much like the government to see the law adopted in the spring session. I hope that this is a possible consensus decision and this will provide an opportunity for a transition period for market participants to obtain the necessary licenses, to develop appropriate internal documents to start work, as I said, to legalize this segment of the market.", February 2026. — Vladimir Chistyukhin, First Deputy Chairman, Bank of Russia

Proposal limits non-qualified investors to 300,000 rubles

The December 2025 regulatory proposal limits non-qualified investors to 300,000 rubles ($3,834) worth of crypto purchases annually. The Central Bank of Russia released this policy concept in late December 2025. The spring session law may incorporate these investment limits. The regulation aims to bring unregulated crypto activity under official oversight.