Crypto ownership Russia 2020

Russia | 2021

Cryptocurrency Adoption and trends in Russia in 2021

11.9 %

of Russians
own cryptocurrency

How many crypto owners are there in Russia?

It is estimated that over 17.3 million people, 11.9% of Russia’s total population, currently own cryptocurrency.

Crypto Market Sentiment in Russia

Cryptocurrency is listed as Russia’s fifth-most popular investment vehicle with a percentage rating of 17%, ahead of gold (16%) as well as stocks and shares (10%).

Bitcoin marketplace Paxful has shown a huge surge of interest in cryptocurrency peer-to-peer trading in Russia, with 350% growth on a year-over-year basis and an average monthly trading volume of $4M in Russia.

Crypto’s rising popularity in Russia

Cointelegraph: More Russians are disclosing their cryptocurrency incomes – April 2021
Consulting firms, such as PwC Russia, said that Russians have been increasingly reporting their income from cryptocurrency operations. The number of cryptocurrency holding disclosures in Russia has been on the rise over the past several months, according to a new report. Russian news agency Izvestia reports Thursday that Russians have been increasingly disclosing their income from crypto trading for tax purposes. The report cites data from consulting and law firms such as KPMG, PricewaterhouseCoopers, FTL Advisers, as well as Moscow-based public policy think tank the Center for Strategic Research.
Coindesk: Putin Says Russia Must Stop Illegal Cross-Border Crypto Transfers – March 2021
Russian President Vladimir Putin called for closer attention to the illicit use of digital assets during his meeting with the attorney general’s office
Bitcoin.com: Russia crypto bill signed into law… – August 2020
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin.
Cointelegraph: Russian policy maker says cryptoruble is the future… – October 2020
The parliament member claimed that there are no anti-blockchain voices in the Russian government
Cointelegraph: Russia’s new crypto analytics system to track illicit activity… – August 2020
Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.
Cointelegraph: Huobi crypto exchange launches trading app in Russia… – September 2020
Russian users account for as much as 10% of Huobi’s total spot trading volume.
Cointelegraph: Waves powers Russia’s first crypto-backed bank loan… – August 2020
Expobank, a commercial bank in Russia, has reportedly issued the country’s first ever loan backed by cryptocurrency.

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Russia | 2021

11.9

%

How many crypto owners are there in Russia?

Crypto Market Sentiment in Russia

Crypto’s rising popularity in Russia

Join our vibrant team, united by the mission to build a more efficient global payments ecosystem!

Looking for more information?

We’re here to provide the clarity you need about our solutions and the world of cryptocurrencies.

Understand the crypto market, reach untapped markets and grow your business.

Industry insights, product updates, and musings on crypto.

Find answers to all your questions about our solutions.

A comprehensive guide for your developers to integrate Triple-A’s solutions.

Russia | 2021

11.9

%

How many crypto owners are there in Russia?

Crypto Market Sentiment in Russia

Crypto’s rising popularity in Russia

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& stay tuned!