Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey

The Central Bank of Russia has added crypto plus holdings of households to its survey of user finances. The statistic uncover that Russian families support much wealth successful cryptocurrency wallets than successful golden concern accounts oregon communal funds.

Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households

The Central Bank of the Russian Federation (CBR) has published estimates astir the integer assets held by the colonisation successful the newest variation of its study connected household finances. The survey is conducted erstwhile each 2 years since 2013 and the latest results covering 2022 were released connected Friday.

According to the document published by the monetary authority, the median mean of the fiat worth of crypto holdings, among Russian households that person specified assets, is 17,500 rubles (around $225 astatine existent speech rates). Median means that implicit fractional of these families, oregon radical who unrecorded unneurotic and stock the aforesaid budget, person much crypto funds than the cited threshold.

The survey has been conducted among implicit 6,000 households and much than 12,000 individuals successful 32 Russian regions. 70% of the respondents were polled successful the play May – June 2022, RBC Crypto noted successful a report. In precocious 2021, the CBR said that the yearly measurement of crypto transactions made by Russians amounts to astir $5 billion.

A small implicit 65% of the households had fiscal assets, the researchers established. The median magnitude was 15,700 rubles (approximately $200). 64.5% of them support wealth successful slope accounts and the median mean is 15,000 rubles.

Another uncovering is that lone 0.4% of the surveyed families person made investments successful cryptocurrencies. While this is simply a tiny information of the sample, the fig is nevertheless larger than that of the households who person enactment wealth into shares successful communal funds oregon concern accounts for precious metals, 0.3% successful each case.

Around 1.6% of the households successful the CBR survey store worth successful stocks and bonds, with a median mean of 26,500 rubles. Another 1.2% of the respondents person declared having physics wallets holding a median mean of 1,000 rubles.

What are your thoughts connected the findings of the caller Russian survey? Let america cognize successful the comments conception below.