- A Rambler&Co survey found 69% of Russians see no practical use for cryptocurrencies despite the country’s expanding regulatory framework.
- Most respondents said they rarely use or understand digital assets, highlighting a significant awareness gap before new crypto rules begin.
- Russia’s latest cryptocurrency regulations are expected to start in September 2026 while domestic crypto payments remain prohibited.
Nearly seven in ten Russians still see no practical use for cryptocurrencies despite the country’s expanding regulatory framework, according to TASS. A Rambler&Co survey found that 69% of respondents could not identify any meaningful crypto use cases, while lawmakers continue preparing new digital asset rules that are expected to begin taking effect in September 2026.
Survey Shows Limited Public Interest
According to TASS, 52% of respondents said they do not use cryptocurrencies and therefore could not explain how legalization would affect them. Meanwhile, only 6% reported having practical experience with digital assets.
The findings also highlighted limited public understanding. Notably, 54% admitted they know little or nothing about how cryptocurrencies work. Another 23% said they still lack enough information, while 17% said they understand only the basics.
However, some respondents outlined possible future uses. Around 8% said they would use crypto for purchases abroad. Additionally, 6% favored long-term investing and portfolio diversification, while 4% planned business-related use.
New Rules Approach Implementation
The survey comes as Russia moves closer to implementing its latest cryptocurrency legislation. The State Duma has approved the “On Digital Currency and Digital Rights” bill, although it still requires approval from the Federation Council and President Vladimir Putin.
Most provisions are scheduled to take effect on Sept. 1, 2026. Furthermore, additional licensing rules for cryptocurrency intermediaries will begin in 2027.
The framework will regulate cryptocurrency trading and investment through licensed platforms. However, direct cryptocurrency payments inside Russia will remain prohibited under the proposed system.
Awareness Gap Remains
Although legalization is approaching, public confidence remains mixed. According to TASS, 22% believe regulating cryptocurrencies is the better approach, while 20% said they had waited for clearer market rules.
Interest also depends on stronger consumer protections. Around 38% want factual information without promises of quick profits. Meanwhile, 36% want clearer regulations, while 16% said reliable platforms with simple interfaces would encourage participation.
The Rambler&Co survey questioned more than 2,000 active internet users between July 23 and July 30, shortly after lawmakers approved the new legislation.
