Crypto Boom in Russia: 20 Million Citizens Embrace Digital Assets

Russia’s crypto adoption has surged amidst geopolitical turmoil, with nearly 20 million citizens now holding digital assets. The rise is driven by Western sanctions, a move away from the US dollar, and uncertainty surrounding its economy. This massive adoption has prompted authorities to acknowledge crypto’s presence and consider new approaches for managing this growing sector. Russia’s monetary landscape is evolving into a more decentralized one.