Crypto▼ Bearish
Russian crypto survey: 69% see no use under new rules
Law takes effect Sept 1, 2026, alongside digital ruble launch. 69% of surveyed Russians expect no real crypto use cases. 54% know almost nothing about how it works.
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A majority of Russian citizens do not expect cryptocurrency to serve any practical purpose after the government legalizes it, a new survey shows. The poll, conducted by Rambler&Co and reported by TASS, found that 69% of 2,000 active internet users foresee no real use cases for digital assets under the incoming regulatory framework.
Just over half of respondents, 52%, said they do not use crypto now and do not understand how legalization will change their lives. The remaining 48% identified some potential role. Of that group, 8% plan to spend crypto on purchases from abroad. Another 6% intend to use it for long-term savings and diversification. Around 4% want to employ digital money in business activities, and 13% cited various other uses, TASS said.
The survey was conducted between July 23 and July 30, shortly after the State Duma passed the bill "On Digital Currency and Digital Rights." The legislation still requires approval from the Federation Council and a signature from President Vladimir Putin. If enacted, the main provisions are expected to take effect on September 1, 2026, with additional rules rolling out in 2027.
The law represents Russia's most comprehensive attempt to regulate a crypto market that has expanded under Western sanctions tied to the war in Ukraine. For the first time, ordinary Russians will have legal access to cryptocurrencies like Bitcoin. The access is limited to the most liquid coins and capped at less than $4,000 a year for non-qualified investors. Direct payments in crypto remain prohibited.