Skip to content
Markets
Crypto

Russia Values Local Crypto at $200 Billion as Rules Near

  • Russian holdings are 12% of world total: government estimate
  • Bank of Russia, goverment at odds on how to regulate market
More than 17 million Russians are cryptocurrency owners.

More than 17 million Russians are cryptocurrency owners.

Photographer: Yegor Aleyev/TASS/Getty Images

Updated on
From

Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.

Russians own more than 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to an estimate the Kremlin and government officials are using to craft a plan to regulate the industry.