What To Know:
Russia is moving to cap access to foreign crypto exchanges as part of a broader push to tighten control over cross-border digital asset flows.
Authorities say the measure is aimed at strengthening financial oversight, reducing capital flight, and ensuring compliance with domestic regulations.
The proposed cap could limit how Russian users interact with global platforms, potentially accelerating the use of locally regulated exchanges and state-aligned alternatives.
Russia is set to put forward new laws to regulate cryptocurrency transactions within its domestic financial system. Officials say the decision is aimed at bringing large volumes of crypto activity under state surveillance and reducing reliance on foreign crypto exchanges.
According to the Finance Ministry, crypto turnover in Russia presently hits about 50 billion rubles per day. Most of these flows take place outside the regulated financial system. Authorities now want to redirect this activity in
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