Russian Crypto Holdings on Foreign Exchanges Drop 23% to 720B Rubles - CBR
A Bank of Russia financial stability review shows Russian residents' funds on foreign centralized crypto exchanges fell 23% in late March compared to the prior two quarters, reaching 720 billion rubles. Bitcoin accounted for 60% of holdings, Ethereum 8%, and other tokens 32%.
According to the Bank of Russia's latest financial stability review, Russian citizens' balances on foreign centralized cryptocurrency exchanges declined by 23% as of late March relative to the previous two quarters, dropping to 720 billion rubles.
The breakdown of assets shows that 60% were held in Bitcoin, 8% in Ethereum, and the remaining 32% in other cryptocurrencies. The data comes from the central bank's own monitoring.
Separately, data from the "Transparent Blockchain" service indicates that Russian user traffic to foreign CEX websites fell 32% over the reporting period, to 56.5 million visits.
Source: ForkLog