Russian citizens reportedly own more than 16.5 trillion rubles ($214 billion) of crypto, according to government estimates.
Bloomberg report specifythat Russians own approximately 12% of all global crypto holdings. The estimated crypto holdings are calculated by analyzing the IP addresses of the most important crypto exchanges in the country along with other data.
It also stated that An analysis of the crypto holdings of Russian citizens is underway to get an overview of the crypto market and set new regulations. But this proposal has not been finalized.
The latest assessment of crypto holdings is seen as a huge boost from data shared by Anatoly Aksakov, head of the House of Representatives Financial Markets Committee in December. According to a Tass press report in December 2021, Russiaown The total value of crypto is over 5 trillion rubles.
Russian Crypto Regulations Are Still Uncertain This is because between the central bank and the Ministry of Finance, there have been differences in demand over the past month. First, the central bank has proposed a comprehensive ban on crypto for both mining and trading. However, the Treasury has disputed the proposal with a regulatory framework. The finance ministry’s comments were also supported by President Putin.
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