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

The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds.The Central Bank of the Russian Federation has published estimates about the digital assets held by the population in the newest edition of its report on household finances.

The survey has been conducted among over 6,000 households and more than 12,000 individuals in 32 Russian regions. 70% of the respondents were polled in the period May – June 2022, RBC Crypto noted in a report. In late 2021, the CBRA little over 65% of the households had financial assets, the researchers established. The median amount was 15,700 rubles . 64.5% of them keep money in bank accounts and the median average is 15,000 rubles.

Another finding is that only 0.4% of the surveyed families have made investments in cryptocurrencies. While this is a small portion of the sample, the number is nevertheless larger than that of the households who have put money into shares in mutual funds or investment accounts for precious metals, 0.3% in each case.

Around 1.6% of the households in the CBR study store value in stocks and bonds, with a median average of 26,500 rubles. Another 1.2% of the respondents have declared having electronic wallets holding a median average of 1,000 rubles.

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