NAFI: Russians’ awareness of cryptocurrencies has increased 4 times in 5 years

The youth of Russia is more likely than others to note that cryptocurrencies are reliable and profitable

17.03.2022 - 15:10

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1 min

What’s new? The number of Russian citizens aware of digital assets is 67% in 2022, according to a report by the National Agency for Financial Studies (NAFI). By comparison, the number of Russians aware of cryptocurrencies was 17% in 2017. The agency surveyed 1600 respondents over the age of 18 in 53 Russian regions. The NAFI pointed out that the statistical error of the data does not exceed 3,4%.

Link to the NAFI report

What are the survey results? Only 8% of Russians consider cryptocurrencies to be a reliable investment, while 11% of respondents consider them to be profitable. The survey reveals that young people aged 18 to 24 are more likely than others to note that cryptocurrencies are reliable (23%) and profitable (24%).

What preceded it? Earlier, the Central Bank of Russia instructed financial institutions to increase oversight of cryptocurrency-related transactions. According to the decree, transactions involving digital assets should not violate Russia’s retaliatory sanctions against countries that have imposed economic restrictions on Russians.

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