Central Bank Data Confirms Massive Crypto Usage In Russia


12h35 ▪
4
min read ▪ by
Luc Jose A.

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Russia is experiencing a quiet rush towards cryptos. Driven by Western sanctions, de-dollarization, and an uncertain economic climate, nearly 20 million Russians now hold these assets. Thus, crypto becomes a financial escape for the masses. Faced with this massive adoption, the government can no longer look away. A new monetary era is now emerging in Russia.

A crowd from Russia waving digital wallets holding Bitcoin and other assets.A crowd from Russia waving digital wallets holding Bitcoin and other assets.

In brief

  • Nearly 20 million Russians use cryptocurrencies today, according to the Ministry of…

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