Putin Says Russia Must Stop Illegal Cross-Border Crypto Transfers
Russia's President Putin says crypto use by "criminal elements" is increasing and law enforcement must monitor it more closely.
Russian President Vladimir Putin called for closer attention to the illicit use of digital assets during his meeting with the attorney general's office on Wednesday.
Putin said Russia needs to "take additional measures to prevent illegal cross-border transfers of digital assets," according to the transcript published on the president's official website.
"Criminal elements are using digital assets more and more often, and this what you should pay closer attention to, together with your colleagues from other law enforcement agencies, including Rosfinmonitoring," Russia's anti-money laundering agency, Putin said.
Russia's law on digital assets was signed in July and took effect in January 2021. It describes how digital tokens run by centralized entities must be issued. It also designates decentralized cryptocurrencies as property, which must be reported for tax purposes.
Russian civil servants have been explicitly banned from owning crypto, according to the order issued by the country's Ministry of Labour in January.
The legal guidelines regarding crypto-related services has proven inconsistent in Russia, with the courts occasionally banning crypto-related websites, including the popular cryptocurrency exchange Binance.
Read more: Russian Activists Use Bitcoin, and the Kremlin Doesn’t Like It
Russia's central bank, in the meantime, has been actively exploring the prospect of launching a CBDC.
Russia's civil activists, including the prominent opposition leader Alexey Navalny. have been using cryptocurrencies to function as a way of circumventing assets being held in frozen bank accounts.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
需要了解的:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin eyes longest daily winning streak in 3 months
Bitcoin rose over 1% during Monday's Asian trading session, marking a potential five-day winning streak.
What to know:
- Bitcoin rose over 1% during Monday's Asian trading session, marking a potential five-day winning streak.
- The broader crypto market, including major cryptocurrencies like XRP, solana, and ether, also saw gains of up to 1%.
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