A recent survey indicates that nearly 20% of the Russian population has utilized cryptocurrency, while 66% are aware of digital currencies but lack in-depth knowledge.
According to a report by Russia’s state-run TASS news agency on September 30, data from a local financial marketplace reveals that approximately one in five Russians has engaged with cryptocurrencies. The survey, which included 1,200 respondents aged 18 and older from various regions of Russia, sheds light on the slow but steady acceptance of cryptocurrency among Russian consumers.
While over 20% of participants reported some level of experience with crypto, nearly 80% stated they had never used it. However, 15% expressed a willingness to explore digital assets in the future. Among those who have tried cryptocurrency, 63% cited curiosity as their primary motivation, while 19% used it for savings or investment purposes. Notably, only 2% of respondents indicated that they use cryptocurrency regularly.
Cryptocurrency Awareness and Ownership
Despite an increase in awareness, nearly 90% of survey participants do not currently own any cryptocurrency. Among the small percentage that does hold crypto, 6% reported keeping less than 10% of their savings in digital assets, and only 4% said that up to half of their assets are in cryptocurrency.
This survey comes amid a changing landscape for cryptocurrency in Russia, as the government is exploring the use of digital currencies for foreign trade, particularly in sectors with potential military implications.
In a related development reported by Crypto.news in mid-September, Russia established a focus group to tackle challenges faced by importers of dual-use goods—items that have both civilian and military applications and are subject to stringent international payment restrictions. This initiative follows China’s announcement in early August of a ban on the export of unregulated civilian drones, which have increasingly been utilized in military operations since September 1.
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