Cryptocurrency Turnover

According to reports, Yury Chikhanchin, director of the Russian Federal Financial Supervision Agency (Rosfinmonitoring), reported the current operation of the agency to Russian President Vladimir Putin. He said that the turnover of Russian cryptocurrency assets was growing, and the volume of Russian cryptocurrency transactions was close to 13 billion dollars. Regulators are monitoring the activities of more than 25000 cryptocurrency trading participants. The service also identified about a dozen financial organizations that provide assistance to them. Director of the Financial Supervisory Authority of the Russian Federation: Russia’s cryptocurrency trading volume is close to US $13 billion Analysis based on this information:The Russian Federal Financial Supervision Agency (Rosfinmonitoring) has reported that the turnover of Russian cryptocurrency assets has continued to grow, with transaction volumes reaching nearly $13 billion. Despite this growth, the regulatory body is closely monitoring the activities of more than 25,000 cryptocurrency trading participants, and has identified a dozen financial organizations that provide aid to the industry. The exponential…