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In other to know the number of Moscow residents that are using the first cryptocurrency Bitcoin, a payment service provider Yandex.Money based in Russia and the local Information Technology Department (DIT) partnered to carry out a survey on a sample of 1000 respondents in the Russian Capital out of its population of about 12 million. The survey result shows that about 1% of those living in the Russian Capital are Bitcoin (BTC) users. This could make the survey report unpopular going by the number of persons involved in cryptocurrency and blockchain activities in the country. This means that only about 120,000 persons in the Russian capital uses Bitcoin. The report also shows that the use of electronic money in Moscow is about 16% which is equal to 192,000 residents. The Russian legislature, had been promoting a drafted bill that will help in regulating the crypto market, even though that the bill is yet to scale through considering the effort that the promoters had put in for months now. The significance of the survey is that Moscow residents might be having challenge with accessing Bitcoin and trading on it with cryptocurrency exchanges and merchants in the country. Among the 1000 respondents, 5% of those that to not own any type of cryptocurrencies " would like to try such a payment method. " This represents 50 respondents or 600,000 Moscow residents showing desire to invest in crypto. One can deduce a contrary opinion going by the Russian government authorities stance that claim that the "craze" of cryptocurrency is " fading away." The number of cryptocurrency firms and exchanges are also on the rise in Russia. This is not the first time that such survey took place in other countries just like a report by the Bank of Canada in July titled " Bitcoin awareness and usage in Canada " shows that 5% of residents are using the coin. Also, in UK the government is taking out time in drafting the regulation framework for cryptocurrency since major players in the industry said that the country could lose out if Bitcoin is used as a yardstick in making it's policy. A poll by YouGov in the country shows that many of those residing there are aware of cryptocurrency with about 9% admitting of owing it.

An Enraged Vitalik Buterin calls Craig Wright a “tyrant”

Adrian Klent -
Craig Wright Responsible for Bitcoin (BTC) Market Crash?

Craig Wright Responsible for Bitcoin (BTC) Market Crash?

Adrian Klent -
Craig Wright challenges Bitmain CEO, Says Bitcoin Cash a split and not a fork of Bitcoin

Craig Wright challenges Bitmain CEO, Says Bitcoin Cash a split and...

Livine Sanchez -
Craig Wright says all Cryptos are failure except Bitcoin Cash, Calls Litecoin a Sh*tcoin

Craig Wright says all Cryptos are failure except Bitcoin Cash, Calls...

Stephen Brown -
Ethereum Founder Calls so called Bitcoin founder a Fraud

Ethereum Founder Calls so called Bitcoin founder a Fraud

Rahul Nambiampurath -

Self-Proclaimed "Satoshi Nakamoto" Craig Wright is being sued for $10Bn

Jose Antonio -
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