How much crypto does russia own?


Jul 7, 2022

Reading Time: 3 Min

Russia has been a major player in the cryptocurrency space since the early days of Bitcoin. While the country does not yet have any clear regulations around cryptocurrencies, that hasn’t stopped Russians from buying up Bitcoin and other digital assets.

According to a recent report by the Russian news outlet Kommersant, Russians own approximately 3 million Bitcoin, worth around $27 billion at current prices. This makes Russia one of the leading countries in terms of Bitcoin ownership.

Interestingly, the report also found that most Russians who own Bitcoin are not interested in using it as a currency, but rather as a way to store value. This is likely due to the volatile nature of cryptocurrencies, which makes them unsuitable for day-to-day use.

While the Russian government has yet to give any clear guidance on cryptocurrencies, it seems likely that they will eventually regulate the space in some way. Until then, Russians will continue to be major players in the cryptocurrency market.

Other related questions:

Q: Which country owns the most crypto?

A: There is no definitive answer to this question as it largely depends on how one defines “ownership.” For example, if one considers ownership to simply mean who is holding the most cryptocurrency, then it is likely that China or the United States would be at the top of the list. However, if ownership is defined as who has the most control over the cryptocurrency market, then the answer is less clear.

Q: Do Russians own bitcoin?

A: There is no one central owner of Bitcoin. Bitcoin is decentralized, meaning that it is not controlled by any one person or entity. Instead, it is a decentralized network of computers that work together to process and verify Bitcoin transactions.

Q: What percent of crypto is owned by Russia?

A: There is no definitive answer to this question since there is no central registry of cryptocurrency ownership. However, estimates place the percentage of Russian ownership at around 3-5%.

Q: Is Russia big on crypto?

A: Yes, Russia is big on crypto! They have been working on developing their own cryptocurrency, the “CryptoRuble”, for quite some time now.


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