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Survey: 28% of Russians Have Heard of Bitcoin


As the Russian government works on the regulatory framework for digital currencies, a nationwide survey is published showing that only 28% of Russians have heard of bitcoin or other cryptocurrencies, and only 1% has any investment in them.

Also read: Russia’s Central Bank Drafting Proposal to Classify Bitcoins as Digital Goods

Cryptocurrency Survey by NAFI

The National Agency for Financial Studies (NAFI) published a study this week on Russia’s awareness of cryptocurrency based on a survey it conducted this month. NAFI is a leading research company in Russia that specializes in the financial behavior of the population and businesses. 1,600 Russian respondents aged 18 or older were interviewed at 140 sampling locations in 42 regions throughout the country.

“The Russians are not well informed about what a cryptocurrency is,” NAFI wrote, adding that only 28% of them are aware of cryptocurrency while 72% only heard about it for the first time during the interview. Within this group of respondents, 16% have heard of cryptocurrency but do not know anything about it, while 12% know it well. However, “not more than 1% of Russians have used a cryptocurrency,” the agency added.

Among those who are aware of cryptocurrency, about a third (34%) are interested in information and news on this topic. Most of them are men (40%), respondents with higher education (43%) and Russians under 35 (38%). Only 25% of women are interested in the topic. NAFI Project Manager Sergey Anto...

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