OREANDA-NEWS 60% of Russian investors' crypto wallets are in a "dormant" state.

The year 2021 became volatile for the crypto market: the cost of bitcoin ranged from $20,000 to $68,000. According to Coinmarketcap, daily cumulative trading volumes on global crypto exchanges exceeded $200 billion.

According to the calculations of the MEXC crypto exchange, over the past four months, more than 80% of Russian accounts have not made any transactions with the currency. 68% of them were visited at least three times a year. Experts say that the lack of movement on accounts indicates that Russians do not consider cryptocurrencies as a means of payment. Instead, they see it as a means of enriching themselves over a long distance.

According to Roman Nekrasov, co-founder of the ENCRY Foundation, there are many Russians who became interested in cryptocurrency in the first five years of its existence and now do not seek to get rid of it. According to analysts at MEXC, a small number of bitcoin transactions are associated with government attempts to control cryptocurrencies or even ban them.

In January, the Central Bank published a report on cryptocurrencies, in which it proposed to ban their turnover and mining in the country, while not legally restricting their ownership. Experts and market participants did not agree with this opinion. The head of Sberbank, German Gref, supported the ban on payments in cryptocurrencies, but admitted that Russians should have had the right to own such assets.

The Government supported the concept of regulating the turnover of digital currencies developed by the Ministry of Finance. Soon, the agency, together with the Central Bank, will prepare a bill on the regulation of crypto assets. Digital assets will not be banned in Russia.