Assets, Bitcoin

Is Bitcoin Popular in Russia?

As of late, Russia has been showing some love to Bitcoin and cryptocurrency. Just last month, the country’s largest online retailer, Ulmart, announced that it would begin accepting Bitcoin as payment for goods and services.

This move followed shortly after the Russian Central Bank issued a statement saying that it would not block cryptocurrency exchanges from operating in the country. Prior to this, the Russian government had been giving mixed signals about its stance on Bitcoin and other digital currencies.

These developments have led many to believe that Russia is warming up to Bitcoin and cryptocurrency. So, is Bitcoin popular in Russia?

The answer appears to be yes. A recent survey conducted by the Russian Association of Blockchain and Cryptocurrency found that 8% of Russians own or have owned cryptocurrency.

This figure may seem small, but it’s actually quite significant when you consider that only 1% of Russians said they owned or had owned cryptocurrency just a year ago.

What’s more, the survey found that nearly half of Russians are familiar with Bitcoin and other digital currencies. This suggests that awareness of cryptocurrency is growing in the country, which is likely to lead to more adoption in the future.

So, it seems that Bitcoin is starting to become popular in Russia. With the country’s largest online retailer now accepting the digital currency and the government taking a more open stance towards it, we can only expect this trend to continue in the months and years ahead.

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