Nearly 70% of Russians see no practical use for cryptocurrency even after the country legalizes it next month. A new survey shows the skepticism runs deep, with most respondents unable to identify how digital assets would fit into their daily lives once Moscow's regulatory framework kicks in September.
The numbers tell a bleak story
The poll, conducted by Rambler&Co media holding, paints a clear picture. About 69% of participants expect zero real use cases for crypto post-legalization. Another 52% admit they don't use digital assets now and can't imagine legalization changing that. Among those who do see some potential, the interest fragments across narrow applications: 8% want to buy goods from abroad, 6% see it as a long-term investment vehicle, 4% plan to use it for business, and 13% mention other vague possibilities. The remaining respondents either don't know or gave no answer.
Regulations arrive regardless
The State Duma already passed the "Digital Currency and Digital Rights" bill. It still needs approval from the Federation Council and President Putin's signature, but the momentum is clear. Moscow wants control over the growing market, even if citizens aren't convinced they need it. Officials expect the regulations will at least raise awareness about Bitcoin and other coins, though the survey suggests that awareness alone won't translate to adoption. The gap between what the government is building and what ordinary Russians actually want from crypto remains enormous.
This material is for informational purposes only and does not constitute financial or investment advice.
