the russians are now spending more per household on crypto than on gold and other precious metals, a central bank report Found out.
The bank’s findings were compiled in a report titled “A Nationwide Survey of Consumer Finance Households” (literal translation).
The report compiled a series of data from 2022 and compared it with data from a similar study in 2020.
The bank said it spoke to around 12,000 people from 6,000 households in 38 regions of the country.
The data showed that the average Russian household had crypto holdings worth about $220.
In contrast, households had a little over $40 worth of gold and other precious metals, with savings of less than $190.
The bank said its survey was conducted between April and August 2022.
But the figures might have been inflated by some individuals who have made huge investments in crypto.
Less than 1% of respondents said they had crypto holdings, compared to nearly 65% who said they had money saved in the bank.
But the figure appears to contradict previous government estimates regarding crypto ownership.
Some lawmakers believe that 12% of Russians own crypto, data compiled by some private sector bodies supports these claims.
The central bank has repeatedly expressed its disapproval of what it calls “private cryptocurrencies,” such as Token. bitcoin (btc),
And while it has expressed some support for the idea of allowing Russian traders to sell their goods for crypto to avoid sanctions, the bank continues to draw the line at it.
Russian Central Bank – An Obstacle to Crypto Adoption?
Last week, media outlets Important pointed out that the bank is still opposed to the creation of a state-owned crypto exchange that exporters and crypto miners could use to sell their coins.
thought was was first floated by senior MPs late last year,
Anton Tkachev, a member of the State Duma Committee on Information Policy, Information Technology and Communications, was quoted as saying:
“Case [of launching a national crypto exchange] Discussions are being held in many regions, including the State Duma. But talking about it in front of the Central Bank is useless [gets on board with the idea],
The MP said that any national exchange should be created together with the bank.
Tkachev suggested that private sector companies could possibly play a role, but insisted that the majority of the exchange’s shares should “belong to the state”.