69% of Russians See No Use Cases for Crypto Even After Legalization According to TASS, a survey by Rambler&Co found that around 69% of Russians said they could not identify any practical use cases for cryptocurrencies even if they were legalized. The survey showed that 52% of

What happened

A survey by Rambler&Co, reported by TASS, found that about 69% of Russians said they could not identify any practical use cases for cryptocurrencies even if they were legalized.

Confirmed

Global impact / market context

When most people see no practical purpose for crypto, demand for related services in Russia is likely to stay low, limiting revenue for firms targeting Russian users and shaping how regulators view the sector.

Analyst inference

Russia has placed several restrictions on crypto, and this lack of perceived utility suggests limited participation by everyday investors, which could keep domestic trading volumes modest and reduce overall market activity, affecting overall market size.

Analyst inference

What to watch

1. Any change in Russian government policy, such as new licensing requirements or bans, that could alter the regulatory environment for crypto businesses and affect their ability to operate. Analyst inference
2. Efforts by companies or NGOs to educate Russian consumers about how crypto can be used, which might improve public perception and increase adoption over time. Analyst inference
3. Movements in Russian retail trading volumes for cryptocurrencies, indicating whether interest expressed in the survey translates into actual buying and selling activity. Analyst inference

Evidence

• x.com