Discover How 20 Million Russians Tap Into Over $43B in Cryptocurrency

Discover How 20 Million Russians Tap Into Over $43B in Cryptocurrency - Invest In Crypto News

Key Takeaways Over 20M Russians use crypto to settle foreign trade, bypassing SWIFT sanctions to import key goods.Russia holds the 2nd-largest mining hashrate, boosting local jobs, infrastructure, and tax revenue.Russia is regulating exchanges to bring capital home while banning domestic crypto payments for a CBDC. How Are Russians Adopting Crypto? Russia has become a cryptocurrency hotbed, ranking as the 16th nation with the most crypto adoptio…

20 Million Russians Hold Nearly $44B in Crypto Assets

The estimate was attributed directly to Russia's deputy finance minister, who cited both a holder count and an aggregate valuation without specifying the data source, survey methodology, asset composition, or the precise date to which the figures apply.Read more...

Deputy Finance Minister Estimates 20 Million Russian Crypto Users

Ivan Chebeskov put Russian residents’ cryptoassets and related financial products at 3.7 trillion rubles, or about $44 billion.

Discover How 20 Million Russians Tap Into Over $43B in Cryptocurrency

Deputy Finance Minister Ivan Chebeskov has estimated that 20 million Russians have invested 3.7 trillion rubles (nearly $44 trillion) in crypto. These funds are being leveraged in three different pools: foreign trading, mining, and held as investment or savings assets on external exchanges. How Are Russians Adopting Crypto? Russia has become a cryptocurrency hotbed, ranking […]