Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey

In its latest edition of the report on household finances, the Central Bank of the Russian Federation has published estimates of the value of digital assets owned by the Russian population. Since 2013, the survey is done every two years. The latest results for 2022 were published on Friday.

The document, which was published by the monetary authorities, shows that the median fiat value for crypto assets among Russian households is 17.500 rubles (around $225, at current exchange rates). Median is the percentage of crypto funds that more than half of these families have, or those who share a budget and live together.

Surveys were conducted in over 6,000 households, and more than 12,000 people across 32 Russian regions. RBC Crypto reported that 70% of respondents were polled between May and June 2022. CBR stated in a report that the annual volume for crypto transactions by Russians is approximately $5 billion.

Researchers found that just over 65% of households had financial assets. The median amount was 15,700 Rubles (approximately $200). 64.5% keep money in bank accounts, with the median average of 15,000 rubles.

Another result is that 0.4% of the families surveyed have invested in cryptocurrency. This is a small percentage of the sample but it is still higher than the 0.3% of households that have invested in precious metals or mutual funds.

CBR studied 1.6% of households that store value in stocks or bonds. The median average is 26,500 rubles. Another 1.2% of respondents reported having an electronic wallet with a median value of 1,000 rubles.