It’s been an interesting week in the world of digital assets- the crypto space is making headlines around the globe. From Japan’s move to officially recognise crypto as a financial asset, to Eric Trump’s bold declaration that traditional finance is failing and Bitcoin is the future. We also explored Mastercard’s expansion into crypto payments. The global CBDC push is slowing as the U.S. intensifies efforts to block the digital dollar. Now, three more key developments round out the week—from surging adoption in the U.S. and Brazil, to a potential mining ban in Russia’s crypto heartland.
Over 50 Million Americans Now Use Crypto—And It’s Not Just for Investing
A new poll reveals that 21% of U.S. adults—around 55 million people—now own crypto. Crypto use has expanded far beyond the stereotypical tech-savvy investor. Holders span all income levels, job types, and age groups. Notably, nearly 9 million users are aged 55 and over.
A significant portion of users, 39%, have spent crypto on real-world goods and services. Meanwhile, 76% say it has positively impacted their lives, citing financial independence and access to new learning opportunities.
However, security concerns and regulatory uncertainty still pose challenges. 81% of users are actively seeking to deepen their understanding of digital assets, which is a great start before fully engaging with them. Such interest signals crypto’s strong and growing role in American financial life.
Brazil’s Crypto Investment Boom Outpaces Traditional Assets
Latin America continues to shine as a growing crypto frontier. A new survey found that 42% of Brazilian investors have bought crypto. It makes it as popular as investment funds and more sought-after than stocks, bonds, or even foreign currencies.
While hopes of “big returns” remain a major motivation, investors are also drawn to crypto’s high liquidity and perceived independence from traditional financial systems. The trend is strongest among men and those with higher education and income levels.
Trust in local exchanges is also rising, with 62% of respondents calling them safe and reliable. With the Brazilian Senate preparing to debate crypto regulation, the nation is clearly preparing for a digital financial future.
Russia’s Irkutsk May Face Year-Round Bitcoin Mining Ban
In stark contrast, Russia may soon enforce a full crypto mining ban in Irkutsk, the country’s most significant Bitcoin mining region. According to Kommersant, the Kremlin is considering a permanent ban on mining in southern Irkutsk, effective April 1st and lasting until 2031.
Already subject to wintertime shutdowns, mining centres consuming over 650 MW of power may now be forced to halt operations year-round to reduce strain on the local grid. The governor has called for power to be redirected to vital regional projects.
While some energy has already been saved under seasonal restrictions, industry leaders warn that a complete ban would cripple the local mining economy. It marks a sharp policy shift in one of the world’s key crypto mining hubs.
Stay informed,
Rodcas Consulting Group