Growing Interest in Crypto: 20% of Russians Have Used Digital Assets, 66% Show Awareness

A recent survey conducted by a local financial marketplace has shown that nearly 20% of Russians have experimented with cryptocurrency.

While over 65% of respondents are aware of cryptocurrencies, many lack in-depth knowledge about them, according to Russia’s state-run TASS news agency.

The survey, which included 1,200 participants aged 18 and older from across Russia, highlights the gradual adoption of digital assets among consumers. Although around 80% of respondents reported that they have never used cryptocurrency, 15% expressed interest in exploring digital assets in the future.

Among those who have engaged with cryptocurrencies, 63% indicated they did so out of curiosity, while 19% used them for savings or investment purposes. Only 2% of respondents reported regular use of crypto.

Despite the increasing awareness, nearly 90% of participants do not currently hold any cryptocurrency. Among those who do, 6% reported keeping less than 10% of their savings in crypto, while only 4% allocated up to half of their assets to digital currencies.

Russia’s evolving stance on cryptocurrency is taking place alongside governmental efforts to explore the use of digital assets for foreign trade, particularly in sectors with potential military applications.

In mid-September, it was reported that Russia had established a focus group to tackle challenges faced by importers of dual-use goods, which can serve both civilian and military purposes and are subject to strict international payment restrictions.

This initiative follows China’s announcement in early August to ban the export of unregulated civilian drones, which have increasingly been utilized in military conflicts, starting from September 1.