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Bank of Russia Adds Household Crypto Holdings to Consumer Finance Survey Results

The Central Bank of Russia has added household crypto asset holdings to its survey of consumer finances, revealing that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds.

The survey, conducted once every two years since 2013, found that the median average of the fiat value of crypto holdings among Russian households that possess such assets is 17,500 rubles ($225), with over 50% having more crypto funds than this threshold. Only 0.4% of surveyed families have made investments in cryptocurrencies, but this is still larger than those who have put money into shares in mutual funds or investment accounts for precious metals.

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