OREANDA-NEWS  At the end of March 2025, the estimated balances of cryptocurrencies in the wallets of Russians amounted to 827 billion rubles. This is reported in the information and analytical material of the Bank of Russia "Financial Stability Review", published on the regulator's website.

It turned out that 62.1 percent of this amount is accounted for by bitcoin, 22 percent by ethereum, and 15.9 percent by stablecoins.

The Central Bank called the hacking of one of the largest crypto exchanges Bybit one of the key events in the crypto assets market from the fourth quarter of 2024 to the first quarter of 2025. The damage is estimated at $1.4 billion.

In addition, the Bank of Russia predicted that the support of the cryptocurrency asset industry from the new US administration could further increase the interest of global investors in this market. The introduction of clear rules will increase the transparency and security of stablecoins, which may lead to their wider distribution. However, increased regulation in this area will mean increased sanctions risks for Russian companies.

Earlier, on May 21, the bitcoin exchange rate reached historical highs, breaking the $109,000 mark. This cryptocurrency has risen in price by almost four percent in a day, and by 23.25 percent in a month.