$13 billion transactions Cryptocurrency increasing in Russia 2023

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Business & Money News Business & Money News By Setmynews.com Date 13/03/2023

A report shows Yury Chikhanchin, director of the Federal Financial Monitoring Service of the Russian Federation

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(Rosfinmonitoring), has informed President Vladimir Putin about the volume of Crypto transactions in Russia is increasing.

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Yury Chikhanchin, director

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Of the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) says that cryptocurrency

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Turnover today is more than 630,000 bitcoins and the amount of Bitcoins near to $13 billion in fiat equivalent.

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In a report, the Bank of Russia, in 2021, quoted that the annual volume of crypto transactions made by Russians at the time was around $5 billion.

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Also, the Federal Financial Monitoring Service of the Russian Federation has carried out about 120 crypto-related investigations and initiated over 60 criminal cases.

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The current price of Bitcoin is around $22,459, and still, bitcoin and other cryptocurrencies have been completely untrustworthy currency.

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