Russia houses $200B worth of crypto, Kremlin estimates

Russian citizens own about $216 billion worth of cryptocurrencies, an estimated 12% of global crypto holdings.

Russian citizens reportedly own 16.5 trillion rubles worth of cryptocurrencies, according to government estimates.noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most significant crypto exchange users in the country along with a few other data points, said two people working with Kremlin.

The estimates are believed to be on the lower side, given crypto regulations are not yet clear in the country and many users prefer to use anonymous tools to carry out their transactions. The recent crypto holdings estimate is a big jump from the data shared by Anatoly Aksakov, the head of the lower house of parliament’s financial markets committee in December. According to the Tass news service

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