Russia, or the Russian Federation is the ninth-most populous country and the most populous country in Europe, with a of 145.5 million. Of course right now it is in the news about invading Ukraine.
Instead of banning cryptocurrencies, the Russian government has decided to regulate them, legitimizing a $2 trillion asset class in the world’s 11th-largest economy. A document setting the principles for the regulation of cryptocurrencies appeared on the government’s official website on Tuesday night. The government’s blueprint says cryptocurrency purchases in Russia may take place, but only through locally registered and licensed companies so that users are fully verified and information about their transactions can be made available to government agencies
12 million is a lot of people for ready for their own ENS domains.
In Russia (population 144 million), residents own over 12 million cryptocurrency accounts (8.3% of population) and about 2 trillion rubles ($26.7 billion) worth of crypto, according to the government's document.
Russian and Cryptocurrency
As the Russian invasion of Ukraine continues, the pressure on Russia is mounting. Facing serious financial sanctions, the country's economy is crashing and the value of its currency, the Russian ruble, is in free fall. Now, it appears Russian people are turning to cryptocurrency amid circumstances that have prompted citizens to line up at ATMs and get their money out of banks before it's too late.
Now, there are indications that Russians are converting their rubles into cryptocurrency in a bid to protect the value of their savings. Specifically, much of the buying activity has centered on Tether (USDT), a stablecoin that is pegged 1:1 with the value of the U.S. dollar.
Russian Names as ENS domains that are available
Interestingly most of those that are left are female names. But then we also know crypto is mainly male domainated so it make sense. Maybe a valentine ENS name for your loved one? Also Russian and Ukrainian names are similar so you could also be buying Ukrainian names. 20% of top 500 names are still available for grab them right now. Happy hunting.
Related/Sources for ENS Domains