Russia's Finance Ministry: 20 Million Citizens Hold 3.7 Trillion Rubles in Crypto
- —20 million Russians hold 3.7 trillion rubles in crypto, per Deputy Finance Minister Chebeskov
- —Funds are split across foreign trade, mining, and savings on foreign exchanges
- —Russia ranks second globally by mining hashrate, behind only the US
- —Domestic crypto payments remain banned as the state pushes the digital ruble CBDC
Why it matters: Russia is licensing exchanges to repatriate crypto capital while keeping domestic payments banned, reshaping demand for stablecoins and BTC in sanctioned trade.
Source: Bitcoin.com
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