An increasing number of Russian households are holding more of their money in crypto wallets, according to a survey conducted by the Central Bank of Russia (CBR). The survey, which has been conducted biennially since 2013, found that Russian families now have more crypto assets than mutual funds and gold. The CBR surveyed over 6,000 households and 12,000 individuals across 32 regions in Russia, and the median average value of crypto holdings among Russian households in fiat currency is 17,500 rubles (about $225). Although only 0.4% of the families sampled had investments in cryptocurrency and Bitcoin, this figure is higher than the 0.3% recorded for households investing in mutual funds and gold.

(By Siamak Masnavi)