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Russia legalizes crypto, but 69% see no practical use

Russia legalizes crypto, but 69% see no practical use

Nearly seven in ten Russians surveyed could not identify a practical reason to use cryptocurrency, even as the country prepares to open a regulated market for digital assets.

Summary

  • 69% of surveyed Russians saw no practical cryptocurrency use cases despite the country’s legal framework.
  • 54% said they knew almost nothing about cryptocurrencies, while only 6% reported direct practical experience.
  • Russia’s signed law preserves the domestic payments ban while licensing exchanges, brokers, custodians, and depositories.
  • New rules begin September 1, with licensed intermediary requirements becoming mandatory from July 2027 onward.
  • 38% wanted honest information without…

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