Putin signs bill banning digital assets as payments

[Alichlas92]

Russia, which adheres to orthodox Christianity, actually upholds tradition. one of them is the ruble that has existed since the days of the Russian empire, in the 1700s to be exact, will continue to be a means of payment as is their tradition. It seems very unlikely for Russia to legalize crypto as a means of payment.

If mining is legalized, Russia will too. even in other countries, using cryptocurrency as a means of payment is a dangerous threat...

[doc]

Banned or not, I think It's not big problem.
Digital asset will dominate at the coming future
Bit It will take several time to be more popular and has been used for payment. Let's see.

[Noverteno]

Russia, which adheres to orthodox Christianity, actually upholds tradition. one of them is the ruble that has existed since the days of the Russian empire, in the 1700s to be exact, will continue to be a means of payment as is their tradition. It seems very unlikely for Russia to legalize crypto as a means of payment.

If mining is legalized, Russia will too. even in other countries, using cryptocurrency as a means of payment is a dangerous threat...

You are slightly incorrect about the history of the Russian ruble. The ruble became so called when they began to cut into pieces another monetary unit - the hryvnia, and this happened back in the 12th century. The hryvnia was in the circulation of a strong state - Kievan Rus with a center in Kyiv. Its possession can be judged even by the fact that the village of Mokva (the current name of Moscow) was part of Kievan Rus and belonged to its prince Andrei Bogolyubsky in the 12th century. The Kyiv hryvnia was a gold or silver ingot of a hexagonal shape and had a mass of 163-165 grams. The Novgorod hryvnia is a long silver stick weighing about 204 grams.
The hryvnia is mentioned in the “Tale of Bygone Years” by Nestor the Chronicler, when Prince Oleg in the 9th century imposed a tribute to the Varangians in the amount of 300 hryvnias per year. This indicates that the Ukrainian hryvnia is one of the oldest currencies in the world and is at least 1200 years old.

The national currency of present-day Russia also originates from the Ukrainian hryvnia. During the Mongol-Tatar invasion, silver hryvnias began to be divided, chopping them to the bottom - this is how the ruble appeared, that is, a part, a stump of the hryvnia.

Russia is now trying to appropriate the culture and history of Kievan Rus, that is, the ancestral lands of Ukraine, and to pass off the history of Ukraine as the history of Russia. This is one of the reasons why Russia has now attacked Ukraine and wants to annex it. Even the word "Rus", "Russian" refers to Ukraine. Before Tsar Peter the Great began to rule in Russia, it was called the Moscow Principality or Muscovy.

[bayiajaib]

Banned or not, I think It's not big problem.
Digital asset will dominate at the coming future
Bit It will take several time to be more popular and has been used for payment. Let's see.

Yeah, it's not big problem but will affect the crypto market.
I think I don't agree about this issue.
Mining is good way to gain profit , It was banned at the last, But still exist

[Fenix]

I would not be surprised if Russia completely bans any use of cryptocurrencies in the future. Russia due to the military invasion of Ukraine and the imposition of international sanctions against it is becoming an increasingly closed state, like North Korea. Under such conditions, a decentralized cryptocurrency, even in a greatly curtailed form of functioning, will interfere with the restructuring of the Russian economy to new harsh conditions. Therefore, I think that this is not a final decision regarding cryptocurrencies.

[TOP_ETH]

putin bans digital assets as a means of payment i'm not that surprised because russia will continue to use the ruble so many news stories out there are unreliable

[owmivmen]

Russia just doesn't allow using cryptocurrency as a means of payment in their country and doesn't completely prohibit using it as an investment. many have misunderstood this news as if all countries reject cryptocurrency

[mahadev]

Russia just doesn't allow using cryptocurrency as a means of payment in their country and doesn't completely prohibit using it as an investment. many have misunderstood this news as if all countries reject cryptocurrency

Yeah, Russia didnt allow but not banned crypto currency.
As in my country, I think It's still good for us As crypto investor.
But n I still believe Russia and other will allow crypto as thei payment method at the coming future.

[MrSpasybo]

Russia still has not been able to have a law or legal framework for crypto even though they have been discussing this issue for many years. Maybe they want to follow China: ban crypto for issuing CBDCs that don't work on blockchain. It would be a way to protect their fiat, which has been heavily impacted by the war in Ukraine.

[Alcor]

Russia just doesn't allow using cryptocurrency as a means of payment in their country and doesn't completely prohibit using it as an investment. many have misunderstood this news as if all countries reject cryptocurrency

Yeah, Russia didnt allow but not banned crypto currency.
As in my country, I think It's still good for us As crypto investor.
But n I still believe Russia and other will allow crypto as thei payment method at the coming future.

It is no longer worth even hoping that Russia will ever allow the use of cryptocurrency as a means of payment. There was still some illusory hope before the Russian attack on Ukraine. Now, when international sanctions are imposed on Russia and a significant part of wealthy citizens are trying to leave this country because of its complete isolation from the civilized world, and also due to the fact that imports of goods have been reduced to a minimum, the Russian government will most likely try to even prohibit cryptocurrency, so that by using it the capital does not leave Russia. Of course, we'll see what happens next, but nothing good is expected for the citizens of Russia in the coming decades.

[Alichlas92]

You are slightly incorrect about the history of the Russian ruble. The ruble became so called when they began to cut into pieces another monetary unit - the hryvnia, and this happened back in the 12th century. The hryvnia was in the circulation of a strong state - Kievan Rus with a center in Kyiv. Its possession can be judged even by the fact that the village of Mokva (the current name of Moscow) was part of Kievan Rus and belonged to its prince Andrei Bogolyubsky in the 12th century. The Kyiv hryvnia was a gold or silver ingot of a hexagonal shape and had a mass of 163-165 grams. The Novgorod hryvnia is a long silver stick weighing about 204 grams.
The hryvnia is mentioned in the “Tale of Bygone Years” by Nestor the Chronicler, when Prince Oleg in the 9th century imposed a tribute to the Varangians in the amount of 300 hryvnias per year. This indicates that the Ukrainian hryvnia is one of the oldest currencies in the world and is at least 1200 years old.

The national currency of present-day Russia also originates from the Ukrainian hryvnia. During the Mongol-Tatar invasion, silver hryvnias began to be divided, chopping them to the bottom - this is how the ruble appeared, that is, a part, a stump of the hryvnia.

Russia is now trying to appropriate the culture and history of Kievan Rus, that is, the ancestral lands of Ukraine, and to pass off the history of Ukraine as the history of Russia. This is one of the reasons why Russia has now attacked Ukraine and wants to annex it. Even the word "Rus", "Russian" refers to Ukraine. Before Tsar Peter the Great began to rule in Russia, it was called the Moscow Principality or Muscovy.

thank you for the correction, your historical knowledge is quite good, I got information and references through this article, I hope this is the truth you convey.

[satpol_PP]

Russia still has not been able to have a law or legal framework for crypto even though they have been discussing this issue for many years. Maybe they want to follow China: ban crypto for issuing CBDCs that don't work on blockchain. It would be a way to protect their fiat, which has been heavily impacted by the war in Ukraine.

I think I agree with your opinion, Russia will want to follow China, ban bitcoin and will create own crypto currency.
CBDC or national crypto currency.
Let's see .
Hopefully It's not just rumours

[Speaker]

Russia is not up to it at the moment. Too much effort and resources are spent on the continuation of the special operation. In any case, if this happens, it will take a lot of time.

[Noverteno]

Russia is not up to it at the moment. Too much effort and resources are spent on the continuation of the special operation. In any case, if this happens, it will take a lot of time.

Of course, Russia is not up to cryptocurrency now. The law signed by Putin regarding cryptocurrency was adopted by the State Duma of Russia long before the military invasion of Ukraine. And since then, the situation for the Kremlin has changed dramatically and far from in its favor.

Putin has described the large-scale military attack on Ukraine with his eight armies as a special operation, hoping to capture Ukrainian territory in 3-5 days and overthrow its legitimate political leadership through the usual physical elimination. The same was planned to be done with all Ukrainians who would not agree with the new government imposed by Russia, which would be directly dependent on the Kremlin. Such a short period of time was necessary for Putin so that the world community did not have time to react to such a predatory step by Putin. And in the future, it was planned to hide behind those statements of the new government of Ukraine, which would be entirely dependent on the Kremlin.

But in practice it turned out quite differently. For the sixth month now, one of the bloodiest wars in the history of Europe has been going on. Russia has already lost more than 122 thousand killed and wounded in it. Already destroyed, according to the Armed Forces of Ukraine:
- 1792 Russian tanks,
- 4032 armored vehicles,
- 223 aircraft,
- 191 helicopters,
- 950 artillery systems,
- 260 MLRS,
- 123 air defense systems,
- 2964 various military vehicles,
- 742 UAVs,
- 15 ships and boats, etc.

Russia has never had such large-scale losses in all its previous wars. An interesting special operation is obtained.

[Hisbullah]

I think the volatility.of bitcoin and crypto is the reason why several countries didn't allow bitcoin as payment.
But I also agree with several opinions that said It's just matter of time. They will allow at the coming future.