Russian crypto trading to bring $46B to regulated exchanges in first year after legalization: Report
Russia’s newly legalized domestic crypto trading could generate about 4 trillion rubles ($46.4 billion) in regulated exchange volume in its first year, according to Sber. By 2029, that figure could rise to 7.5 trillion rubles. The forecast is conservative because many crypto transactions are expected to remain on unregulated foreign or informal exchanges instead of Russian organized platforms. New crypto market rules take effect on Sept. 1 after being signed into law by President Vladimir Putin on Aug. 4. Russia’s central bank has proposed allowing major assets such as Bitcoin, Ether, and USDT for public trading under the new regime. Non-qualified investors will be limited to 300,000 rubles per year through each intermediary, while qualified investors will have no purchase limits on exchange or over-the-counter crypto trading.
