Russia records significant increase in crypto transactions due to Trump effect, the central bank says

The Bank of Russia attributes a significant increase in cryptocurrency transactions to the influence of U.S. Policies under former President Trump, noting a 51% rise in activities involving Russian users.

Russians hold more than 10 billion USD in cryptocurrencies, with Bitcoin being the primary asset at 62.1% of total holdings.

The Central Bank highlighted the potential for future growth due to U.S. Regulatory support, even as overall trading platform traffic has declined by 0.9%.

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