Russians ask government hotlines whether pensions are paid in crypto

Recently, there has been a surge in inquiries to Russia's Social Fund hotline regarding pensions and the possibility of receiving them in cryptocurrency. This trend suggests that digital assets are beginning to play a significant role in Russia's financial system. Many citizens are showing an increasing interest in cryptocurrencies, even concerning how they receive pension payments. This reflects a growing public understanding of cryptocurrencies, raising attention on how the government and financial institutions will respond. Additionally, given that regulations surrounding cryptocurrencies have progressed in Russia in recent years, it will be intriguing to see how the overall market adapts. Such movements could further promote the digitization of the Russian economy, necessitating close monitoring of future developments.