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Author Topic: Russia says it will accept Bitcoin for its oil and gas exports  (Read 12485 times)

Offline Noverteno

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #15 on: May 08, 2022, 08:29:21 AM »
The Central Bank of Russia has already stated on this occasion that bitcoin and other cryptocurrencies are not a salvation for Russia from international sanctions, because the United States and other countries that have imposed sanctions are also taking appropriate measures against cryptocurrencies. Therefore, Russia will not use bitcoin to circumvent sanctions. Of course, this is the official position. But in fact, they can try to do it. But it will not be regular and in significant volumes.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #15 on: May 08, 2022, 08:29:21 AM »

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #16 on: May 08, 2022, 12:08:07 PM »
The Central Bank of Russia has already stated on this occasion that bitcoin and other cryptocurrencies are not a salvation for Russia from international sanctions, because the United States and other countries that have imposed sanctions are also taking appropriate measures against cryptocurrencies. Therefore, Russia will not use bitcoin to circumvent sanctions. Of course, this is the official position. But in fact, they can try to do it. But it will not be regular and in significant volumes.

One thing is what the Russian government says and another thing is what the Russian government does. I personally believe that these statements have no credibility, especially if we remember what the Russian government said when it was sending troops to the border with Ukraine, it said that they were just military exercises and we already know that they were not. The Russian government will use cryptocurrencies, Gold or anything in its power to avoid sanctions, it is the only thing that can save Putin from citizens rising up against him.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #17 on: May 22, 2022, 01:27:58 AM »
I think It's just rumours, If Russia will accept bitcoin for its oil and gas export.
Because  I heard Russia will use rubel for their oil and gas transaction.
We know bitcoin is very volatile, It will be new problem for Russia government, If they use bitcoin for their payment.
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Offline DearMary

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #18 on: May 23, 2022, 04:26:28 AM »
It may be a much-needed move for Russia.
As for the other countries, I'm not sure if the pros outweigh the cons.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #19 on: May 23, 2022, 09:54:29 AM »
when the russian state starts accepting payments using bitcoin to make payments in oil and gas it will certainly have a major influence on bitcoin price movements because the largest oil and gas producer in the world is in russia so that when bitcoin is used it will increase the bitcoin price significantly.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #20 on: May 23, 2022, 12:00:30 PM »
If this happens, then we will see very high prices for bitcoin, probably this is the right decision in order to control the cryptocurrency market as well. The price will have to jump very sharply and will break all bitcoin price records.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #21 on: May 24, 2022, 11:18:38 AM »
If this happens, then we will see very high prices for bitcoin, probably this is the right decision in order to control the cryptocurrency market as well. The price will have to jump very sharply and will break all bitcoin price records.

I personally hope that the Russian government will never accept Bitcoin or any other cryptocurrency as a payment method for oil or gas. If the Russian government accepted cryptocurrencies, it would be a shock to the market in general, I know, but you always have to look further. That would be the beginning of crypto sanctions by most countries in the world, and that would affect the industry very negatively. Being patient and building industry and projects is worth it.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #21 on: May 24, 2022, 11:18:38 AM »


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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #22 on: May 24, 2022, 06:45:12 PM »
I'm not sure, but let's see if this will actually happen.  Indeed, Russia has a great influence in the world, be it from the economic sector or otherwise. However, this cryptocurrency is widespread and cannot be controlled by a country. Russia accepts Bitcoin as a means of payment for oli and gas purchases it is good, but this does not mean it will be able to increase the price of Bitcoin.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #23 on: May 25, 2022, 11:31:28 AM »
I'm not sure, but let's see if this will actually happen.  Indeed, Russia has a great influence in the world, be it from the economic sector or otherwise. However, this cryptocurrency is widespread and cannot be controlled by a country. Russia accepts Bitcoin as a means of payment for oli and gas purchases it is good, but this does not mean it will be able to increase the price of Bitcoin.

I still think it would not be good for the industry. Although at first I thought that it could be good to give more visibility to Bitcoin and cryptocurrencies, then I realized the current international scenario. All the countries that are economically sanctioning Russia would also impose sanctions (of any kind) against cryptocurrencies, and that will be very negative for the industry and probably a collapse, that is why I hope that the Russian government will finally not accept cryptocurrencies as a payment method.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #24 on: May 25, 2022, 06:06:02 PM »
~
I still think it would not be good for the industry. Although at first I thought that it could be good to give more visibility to Bitcoin and cryptocurrencies, then I realized the current international scenario. All the countries that are economically sanctioning Russia would also impose sanctions (of any kind) against cryptocurrencies, and that will be very negative for the industry and probably a collapse, that is why I hope that the Russian government will finally not accept cryptocurrencies as a payment method.
Maybe they think that by accepting Bitcoin and other Cryptocurrencies, they can make it easier to deal with the sanctions that the world has given to this country, because with Cryptocurrencies they can freely carry out activities in it.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #25 on: May 26, 2022, 11:01:37 AM »
~
I still think it would not be good for the industry. Although at first I thought that it could be good to give more visibility to Bitcoin and cryptocurrencies, then I realized the current international scenario. All the countries that are economically sanctioning Russia would also impose sanctions (of any kind) against cryptocurrencies, and that will be very negative for the industry and probably a collapse, that is why I hope that the Russian government will finally not accept cryptocurrencies as a payment method.
Maybe they think that by accepting Bitcoin and other Cryptocurrencies, they can make it easier to deal with the sanctions that the world has given to this country, because with Cryptocurrencies they can freely carry out activities in it.

I think it is a good idea to allow bitcoin or altcoin for oil and gas export.
it will make bitcoin more popular and I believe it will have good impact for bitcoin price
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #26 on: May 26, 2022, 07:07:41 PM »
Maybe they think that by accepting Bitcoin and other Cryptocurrencies, they can make it easier to deal with the sanctions that the world has given to this country, because with Cryptocurrencies they can freely carry out activities in it.

I thought the same thing at first, and I suppose the initial approach of the Russian government is the same, to avoid international sanctions, but then I thought of the other side, the countries that impose the sanctions. If the Russian government finally accepts cryptocurrencies, it could trigger very serious problems for exchanges around the world, and therefore we would also have more problems, maybe having a "more complete and severe" KYC or a general shutdown or blocking of DEXs, in cases like this, I know we could use VPN to bypass ISP blocking, but it would make things difficult for us.
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Offline densus88

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #27 on: May 27, 2022, 08:58:59 PM »
It will be a good thing, although many people think different.
I think If Russia accept bitcoin for oil and gas exports, we will see bitcoin and altcoin  more valuable and very expensive.
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Offline Bobcrypto

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #28 on: May 29, 2022, 01:49:49 PM »
I think this is just a proposal, it has not taken effects yet. In the past, there were several news about Russia accepting or adopting Bitcoin as a currency but all the information did not come positive.
Again, the news about Russia accepting Bitcoin as payments for the country's oil and gas may may not be real. However, base on the current war, Russia may consider payments with Bitcoin. Let watch out on this developments of

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Offline elbans89

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #29 on: May 31, 2022, 03:05:21 AM »
I really don't know how to interpret this news yet as it is very recent and there is not as much information as I would like, but I think now the Chinese government can take a step to show the world what it really thinks about Bitcoin. We know that Bitcoin is still being bought and sold in China, but in different markets than they were used to. I would like to know if there are more "friendly" countries besides Turkey and China on Russia's list...

Here is the article of this news: https://markets.businessinsider.com/news/currencies/russia-bitcoin-oil-gas-friendly-countries-china-turkey-energy-minister-2022-3

If it happens, I think bitcoin doesn't struggle like now.
But I think It's just rumours if Russia government will accept bitcoin as the oil and gas payment.
But let's see for several months again.
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