Russians hold over 10M crypto wallets on offshore exchanges

Russians have opened over 10 million cryptocurrency wallets on overseas exchanges and infrastructure, Russia's TASS news agency reported. The figure was announced by Deputy Finance Minister Ivan Chebeskov, who told reporters at a side event of the St. Petersburg International Economic Forum (SPIEF 2026) that public participation in the virtual asset market has reached a historic level. The deputy minister explained that the government derived the figure through confidential information exchanges and on-chain data cooperation with several large global virtual asset exchanges.