Russians ‘turning to cryptocurrency’ as a way of ‘holding’ their money

Sky News Business Reporter Edward Boyd says Russians are “turning to crypto in a big way” during the last week or so “since the rouble has begun to collapse”.

“The number of cryptocurrency transactions in Russia – converting roubles into crypto – has gone from about $22 billion to about $88 billion,” Mr Boyd instructed Sky News Australia.

“So, it’s quadrupled in about a week and a half.

“Russians are now turning to cryptocurrency as a way of holding their money.”

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