Russians spending $648 million on crypto every day, says finance ministry

Russia's finance ministry reports that Russians are conducting cryptocurrency transactions worth approximately $648 million daily. This represents significant crypto activity in Russia despite ongoing international sanctions and regulatory uncertainties.

• →Russians are spending $648 million on cryptocurrency transactions daily according to the finance ministry.
• →This indicates substantial crypto adoption and trading volume within Russia.
• →The high transaction volume suggests crypto may be serving as an alternative financial system.
• →Official government acknowledgment of crypto activity levels provides rare transparency into Russian crypto markets.