Russia Owns $200 Billion in Cryptocurrency – 12% of the World Total

The Russian government has historically never embraced cryptocurrency, but the popularity of digital assets is growing, leading the Bank of Russia, and President Vladimir Putin himself, to look for ways of regulating crypto.
“Russians really do have a lot of money in cryptocurrency, but it’s hard to value the true amount. Many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else’s name,” said Alexander Filatov, co-founder of blockchain developer TON Labs.