Cryptocurrencies
Russia Values Local Crypto at $200 Billion as Rules Near
- Russian holdings are 12% of world total: government estimate
- Bank of Russia, goverment at odds on how to regulate market
More than 17 million Russians are cryptocurrency owners.
Photographer: Yegor Aleyev/TASS/Getty Images
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Russians own more than 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to an estimate the Kremlin and government officials are using to craft a plan to regulate the industry.