There Has Been a Huge Jump in Cryptocurrency Transactions in Russia in One Year

A three-fold increase in transactions with cryptocurrencies in Russia was observed this year.

According to the statements made by Yuri Chikhanchin, head of the Russian Federal Financial Monitoring Service (Rosfinmonitoring), in the first nine months of the year More than 185,000 cryptocurrency transactions done.

Chikhanchin also increased in transaction volume this year “almost double the size” He stated that there was growth.

Authorities in Russia, in the first nine months of last year only 60,000 cryptocurrency transactions they had detected.

Russia was sanctioned in many areas, including the cryptocurrency sector, after the Ukraine war. With the decision taken in October 2022, the European Union granted permission to persons residing in Russia. Providing cryptocurrency services He had banned it.

Speaking about cryptocurrency regulations, Chikhanchin said: illegal He emphasized the transactions and said that the sector should be regulated as soon as possible:

“Unfortunately, cryptocurrencies are actively used by drug dealers, terrorists and corrupt officials. Therefore, the decision regarding the regulation of cryptocurrencies should be taken as soon as possible.”

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