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    1. LetsSeeWhatsGoinOn on

      **TL;DR:**
      By mid-2025, Russians hold over **$25.4 billion in crypto**, driven by rising adoption despite regulatory caution. The Bank of Russia allows limited crypto investments for accredited investors, but discourages direct ownership. Cryptocurrencies, especially Bitcoin and Tether, are increasingly used in **international oil trade with China and India** to bypass Western sanctions. Official exchange data shows $9.2B, but real holdings (including in wallets and DeFi) are likely much higher.

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