Russians have crypto worth $ 215 billion, suggests estimate that is attributed to the government-regulation
Russians have crypto worth $ 215 billion, suggests estimate that is attributed to the government-regulation
Russians could have more cryptocurrency than previously assumed, as a new estimate shows that was reported by the government. The number mentioned amounts to over a tenth of the global stocks and could serve the government as an impetus to regulate the Russian cryptoma market instead of prohibiting it.
estimated 12 % of the cryptocurrencies that are allegedly kept by Russians
Russian citizens have cryptocurrencies worth over 16.5 trillion rubles (around $ 215 billion), according to an estimate to which the authorities in Moscow refer to, Bloomberg reported. The number has appeared when government institutions try to adopt a comprehensive policy to determine the future of decentralized digital assets in Russia.
The supervisory authorities have tried to get the growing crypto compartment of the country in order after A of President Vladimir Putin for a consensus on this matter. It was issued according to the Bank of Russia suggested an idea that gab rejected by a series of civil servants counterproductive.
Russian media recently revealed that the government designed a draft timetable To regulate crypto transactions, not to be forbidden. People who worked on the suggestions said Bloomberg that the latest estimate was created last month by analyzing the IP addresses of crypto exchange users and other information. The two sources decided to remain anonymous because the guidelines have not yet been completed.
The cryptocurrency in the possession of Russians, according to the report, amounts to around 12 % of the value of the worldwide crypto stocks and corresponds to a third of the market capitalization of the reference stock index in its country. This should be one of the main reasons why the Russian government tends to regulate the industry instead of imposing a far -reaching ban.
The number of $ 215 billion exceeds the previously announced estimates. In December, the chairman of the parliamentary financial market committee, Anatoly Aksakov, said that Russian citizens had done this invests 5 trillion rubles in Krypto (then $ 67 billion). The numbers of the Bank of Russia indicate that the annual volume of the crypto transactions made by Russians is achieved $ .
According to the Russian Association for Crypto Economics, Artificial Intelligence and Blockchain ( racib ) and the payment gateway triple A, which is based in Singapore above a tenth of the country's population. A representative of the deputy prime minister Dmitry Cheryshenko, who signed the regulatory roadmap, stated that the government also refused to this number, but rejected the entire crypto stock of the Russian residents.
Do you believe that the volume of the Russian crypto stocks will influence the regulatory authorities in their final decision on the future of cryptocurrencies in Russia? Let us know in the comment area below.
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