15% citizens want crypto ban in Russia: Survey
A survey revealed that the majority of the citizens in Russia believe that the Russian Central Bank’s decision to ban crypto is not a worthy move.
Bank of Russia (Central Bank of Russia) is working to prepare its proposal to bring ban law on the crypto industry. But many other government agencies like the Finance Ministry and the Russian president also supported crypto adoption and regulation. Due to ongoing such things, a survey has been conducted by the Russian Public Opinion Research Center (Vtsiom).
Recently Vtsiom published its survey report which was conducted on Russian citizens. According to the survey report, 64% of people know about Bitcoin but 17% have very good knowledge of crypto assets. Perhaps there are 19% of people who don’t have any clue what bitcoin is.
32% of respondents, who are educated about crypto and blockchain, said that the decision of the crypto ban idea by the Monetary Authority of Russia is not the right decision.
Around 54% of those aged 18 – 24 and half of the 25 to 34 supported the bitcoin and crypto industry against the decision of the crypto ban idea of the Bank of Russia. While 15% of people, who are in the age of 60, welcomed the decision to bring a ban and supported the Bank of Russia.
Presently available data are showing that crypto trade volume by the Russian crypto community is very near to $5 billion yearly. But Bank of Russia report claimed that 81% of Citizens don’t want to own crypto assets in any of the ways but only 19% of people want to buy crypto assets. It sounds like Russia wants to take action blindly in favor of those people, who are not interested in Bitcoin or Crypto.
Recently few reports claimed that Russia is planning to introduce a new rule to bring a lesiglation for those high amount investors of crypto assets, who want to go with more than 6,00,000 Ruble. Under the new rule, crypto investors will be required to qualify an exam.
Read also: Russians will need to qualify crypto exam before investing: Report
