A survey shows 69% of Russians find no practical use for cryptocurrencies, with only 31% open to using them for specific purposes.
A recent survey reveals that a significant 69% of Russians see no practical utility in cryptocurrencies. Conducted by Rambler & Co between July 23 and July 30, the poll included over 2,000 internet users, according to TASS.
Only 31% of respondents expressed interest in cryptocurrencies, citing potential uses such as online payments for international purchases (8%), long-term investment opportunities (6%), and business transactions (4%). An additional 13% mentioned other uses.
The survey also highlighted that 52% of participants do not currently engage with cryptocurrencies and are uncertain about the impact of upcoming regulations. Among these, 22% welcome the market's transition to legitimacy, while 20% view regulation as a move towards clearer guidelines. Notably, 6% are motivated to learn more about cryptocurrencies due to regulatory news.
When asked what conditions would encourage them to engage with cryptocurrencies, respondents emphasized the importance of clear regulations and minimized risks. Specifically, 38% seek honest information devoid of unrealistic profit promises, 36% desire straightforward laws and accountability, while 16% prefer licensed platforms and 10% want user-friendly interfaces and support.
Awareness regarding cryptocurrencies is notably low, with 54% of those surveyed indicating limited understanding of how digital assets work. Additionally, 23% feel overwhelmed by fragmented and conflicting information. Only 17% reported having a basic understanding, while just 6% are well-informed and have personal experience with cryptocurrencies.
Looking to the future, 39% of respondents expect that new regulations will simplify financial transactions. Meanwhile, 23% anticipate informative content from media and experts, with the same percentage hoping for integration with existing financial services. Lastly, 15% believe regulation could offer a viable alternative to traditional currencies.
Importantly, on July 21, the State Duma passed a law titled "On Digital Currencies and Digital Rights," set to take effect on September 1, 2026. This legislation allows unqualified investors to purchase certain cryptocurrencies, capped at 300,000 rubles annually through a single intermediary, following a testing period.
