Russia's Deputy Finance Minister Ivan Chebeskov stated that, according to TASS, Russia has approximately 20 million cryptocurrency users, with total holdings estimated at 3.7 trillion rubles (about $44 billion), and daily cryptocurrency transaction volume around 50 billion rubles (about $595 million). Chebeskov also noted that Russian tax residents are required to report cryptocurrency transactions conducted outside the country's regulated framework to the Federal Tax Service. If foreign issuers freeze assets such as USDT or USDC due to reasons beyond the control of Russian custodians, investors will bear the resulting losses themselves.