Russia’s Crypto Awareness High but Usage Remains Low Amid Regulatory Uncertainty
A recent survey by Sber Analytics reveals a stark contrast between cryptocurrency awareness and actual usage in Russia. While 83% of respondents are familiar with digital assets, only 5% actively use crypto wallets. The demand for regulated tools is evident, with 43% expressing interest in a secure and legal domestic wallet.
Regulatory ambiguity and financial constraints are significant barriers. Nearly 41% of those surveyed cited unclear rules or lack of funds as reasons for not purchasing cryptocurrencies. The findings highlight a market poised for growth but held back by structural challenges.
Anatoly Popov, Sberbank Deputy Chairman, presented these insights at the "FI Day. AI & Blockchain" conference. The data underscores a national conversation about digital assets, with 33% of respondents planning to create a wallet and 24% already owning one—though usage remains minimal.
