The post One in four Russian parents would spend Putin birth benefit on BTC appeared on BitcoinEthereumNews.com.

Two-thirds of Russian families would like to invest financial assistance granted by the state to boost fertility, and cryptocurrencies like Bitcoin are among the most favored options. According to a new survey, the majority of moms and dads don’t have a clear idea about what they may do with the one-time benefit given for the birth of a child in Vladimir Putin’s Russia. Few families in Russia know what they can spend maternity pay on Only a fifth of Russian parents are aware of the things they can buy with the government aid to support birth rate, a recently conducted poll has found. About 19% knew the exact list of options, the Gazeta.ru news portal reported on Wednesday. More than half, 54%, could name just a few, and 27% did not understand the question. Strangely enough, more women (34%) than men (22%) didn’t know about the possible ways to spend the money, according to the study by the Renaissance Insurance Group. The poll is focused on what authorities in Moscow call “Maternity Capital,” a federal subsidy meant to encourage Russian families to have more children. Launched in 2007, the program has been providing financial assistance to married couples upon the birth or adoption of a second or subsequent child. Since 2020, it has been expanded to include first-borns as well. This year, the amount granted for a first child is more than 690,000 Russian rubles (almost $8,800), and almost 222,000 rubles (over $2,800) for the second and subsequent children, if the family has already received the first grant. Parents don’t get the cash. Instead, they receive a special certificate that they can use for various purposes, such as improving living conditions by renovating their home, for example, making a down payment for a mortgage or contributions to a retirement fund.…

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Filed under: News - @ July 23, 2025 2:26 pm