The Russian government believes that Russians own $214 billion worth of cryptocurrencies, or 16.5 trillion rubles. This is approximately 12% of the world’s cryptocurrency assets, according to Bloomberg. According to the agency, the government of the Russian Federation uses this figure to develop a concept for regulating the industry.
“The indicator was estimated a month ago by analyzing the IP addresses of the largest users of cryptocurrencies and other data,” the sources said. At the same time, according to them, these values u200bu200bmay be higher due to the use of VPNs and other data protection methods by investors.
According to the Singapore payment gateway TripleA, more than 17 million Russians own cryptocurrencies. 60% of them are between the ages of 25 and 44. Researchers at the University of Cambridge previously wrote that last year Russia ranked third in the world in bitcoin mining, after the United States and Kazakhstan.
Now, according to CoinMarketCap, the capitalization of the global cryptocurrency market is about $1.75 trillion.
In January, the Central Bank proposed to completely ban cryptocurrency in Russia. They consider cryptocurrencies to be monetary surrogates that carry risks for citizens. The concept of the Ministry of Finance involves the regulation of this area. The ministry proposes to conduct transactions with cryptocurrencies through the Russian banking system, introduce identification for wallet owners and divide investors into qualified and unqualified.
Read about the reaction to the initiative of the Central Bank in the publication “Kommersant” “Investors in Russia can not be mined.”