• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The Russians personal more than $ 200 billion really worth of cryptocurrencies, which is twelve% of the complete industry capitalization

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Solana up 7% despite market decline: What's next for SOL?

Solana up seven% regardless of industry decline: What&#39s up coming for SOL?

March 16, 2024
Trends and forecasts

XRP: Market evaluation, trends and perspectives for traders

December 17, 2023

According to government estimates, the Russians personal a lot more than $ 200 billion really worth of cryptocurrencies, which represents a incredibly massive percentage of the business at massive.

The Russians own over $ 200 billion worth of cryptocurrencies, which is 12% of the total market capitalization
The Russians personal more than $ 200 billion really worth of cryptocurrencies, which is twelve% of the complete industry capitalization

According to a Bloomberg report based mostly on a newly published estimate manufactured by the Russian government, it was exposed that the Russians hold a lot more than $ 215 billion in cryptocurrencies, or approximately twelve% of industry capitalization. Estimates are collected applying a quantity of approaches, such as analyzing residence users’ IP addresses.

While Russia has a enormous aggressive benefit in the cryptocurrency mining business, there are conflicting views inside Russian authorities about their stance in direction of the business. A standard illustration is the Russian Central Bank’s proposal to completely ban cryptocurrencies on January twenty.

However, the Russian government came to the ultimate conclusion to agree to build a roadmap for cryptocurrency regulation as an alternative of banning it immediately after the Russian Ministry of Finance strongly opposed it, as nicely as speaking in favor of the cryptocurrency mining business. president Putin. In the previous, the President has also admitted that Bitcoin has worth.

The campaign to make a regulatory framework signed by Government Vice President Dmitry Chernyshenko aims to carry cryptocurrency regulation by the finish of 2022. As exposed by RBK, Russian media, the information suggests an introduction to the identity verification procedure consumer (KYC) and anti-income laundering rules. The roadmap also seeks to create a watchdog for cryptocurrencies, as nicely as introduce penalties for violating the proposed rule.

Similar to Russia, India is also moving to “recognize” cryptocurrencies in its laws. Just a number of days in the past, Indian Television Finance Secretary Somanathan announced that the nation does not take into consideration cryptocurrency trading unlawful, immediately after Finance Minister Nirmala Sitharaman announced that India would apply a CBDC and impose a thirty% tax. on cryptocurrencies.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: billioncapitalizationcryptocurrenciesmarketRussianstotalworth
Share76Tweet48

Related Posts

Hong Kong Legalizes Crypto Derivatives for Professional Investors

by shark
June 6, 2025
0

Hong Kong greenlights crypto derivatives trading for professional investors, aiming to boost its Web3 leadership.

Record $1.19 Billion Crypto Options Trade Executed

by shark
June 6, 2025
0

The largest crypto options trade in history involving 11,350 BTC with a notional value of $1.19 billion signifies increased institutional...

ECB Cuts Interest Rates; Bitcoin Prices Surge

by shark
June 6, 2025
0

The European Central Bank's decision to reduce interest rates to 2% on June 5, 2025, positively impacts cryptocurrency markets, causing...

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Hong Kong Legalizes Crypto Derivatives for Professional Investors
  • Record $1.19 Billion Crypto Options Trade Executed
  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7