More than 56 percent of Russians have already heard of Bitcoin, according to a survey conducted by “All-Russian Center for the Study of Public Opinion, or VCIOM,” translated by Bitcoin.com The popularity of Bitcoin and cryptocurrency as an emerging asset class amongst the youths in Russia has increased exponentially over the past few months. The survey revealed that 75 percent of individuals between ages 18 to 24 have learned about Bitcoin, and 74 percent of Russia’s capital Moscow’s population is now aware of the cryptocurrency.
However, only a minority of the individuals that have already heard about Bitcoin understand that Russian citizens and residents can invest in the cryptocurrency market. Over 16 percent of the individuals with underlying knowledge in Bitcoin still believe investing in Bitcoin is illegal in Russia.
For many months, the Russian authorities have teased the regulation of its local cryptocurrency exchange market. In early October of last year, Russian authorities agreed to legalize cryptocurrencies and regulate the country’s cryptocurrency market by licensing exchanges.
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