🇷🇺 Russia Ranks 7th in Cryptocurrency Acceptance

According to statistics from the analytical service Chainalysis, Russia is in 7th place in terms of crypto adoption.

The top six spots are occupied by India, Nigeria, Indonesia, the

United States, Vietnam, and Ukraine. The Philippines, Pakistan, and Brazil also made it into the top 10. There is not a single EU country on this list, which is significantly behind in crypto adoption.

✍️ Analysts noted that the growth in cryptocurrency transactions is associated with the launch of #Bitcoin ETF in the US and the active use of stablecoins in low- and middle-income jurisdictions .

Currently, crypto is used in Russia as a means of circumventing sanctions. Some companies actively use the stablecoin Tether (USDT) for trading.

💬 In September, a law on mining and cryptocurrencies came into force in Russia. According to experts, this will have a positive impact on the activities of crypto companies, since they now understand how to work legally in the country