Putin signs bill banning digital assets as payments

[Speaker]

Obviously Putin and Russia are a bit confused in relation to crypto and Blockchain integration. They seem to ban it today and love it tomorrow. This love-hate relationship is really getting Russian and even global investors confused and irritated at the same time

In Russia, politicians have said many different things about cryptocurrency, including a lot of good things and a lot of bad things. Putin also spoke a lot of contradictory things about her. But in terms of introducing bills to the State Duma, they will never be good enough for cryptocurrency. a Some directly refer to an article in the constitution of the Russian Federation, which states that the only means of payment in Russia is the ruble. Therefore, the Central Bank of Russia has always consistently opposed the legalization of cryptocurrency as a means of payment.

Moreover, this will not happen now, when Russia spends huge money on the war in Ukraine and still suffers a military defeat, and international sanctions only increase the collapse in its economy.

It is difficult to disagree and cryptocurrencies have always been of little interest to the government of the Russian Federation

[elbans89]

We will see the news about crypto will ban or allow at the big country such as Russia.
But nevermind, It's just rumours.
If the government doesn't announce it, forget it
Crypto will always survive.

[ashraf786100]

The Russian economy continues to be increasingly strangled by the sanctions placed against it. The sanctions are working, imports are decreasing, international partners are departing, and unemployment is rising despite the Kremlin's constant attempts to downplay anything negative.

[Senin]

The Russian economy continues to be increasingly strangled by the sanctions placed against it. The sanctions are working, imports are decreasing, international partners are departing, and unemployment is rising despite the Kremlin's constant attempts to downplay anything negative.

That is why, and also due to the fact that many far-sighted Russians are leaving Russia, or simply withdrawing their money abroad, the Kremlin will prohibit the use of cryptocurrency so as not to facilitate further capital flight from the country.

Over the past year, the Russian occupiers cannot boast of any achievements in capturing Ukraine, although they are sending more and more forces mobilized to this war to the front. Having, according to Putin, about 417 thousand soldiers at the front in Ukraine, they do not have any significant successes, despite the fact that every day they lose over a thousand people killed and have already lost over 350 thousand.

[IvugeoEvolutionCoin]

The Russian economy continues to be increasingly strangled by the sanctions placed against it. The sanctions are working, imports are decreasing, international partners are departing, and unemployment is rising despite the Kremlin's constant attempts to downplay anything negative.

I am very confident that Russia will have a solution that can control its economy well because I believe that the Russian President is very intelligent and, of course, has a very high level of humanity, so he will find a good solution.

[Senin]

The Russian economy continues to be increasingly strangled by the sanctions placed against it. The sanctions are working, imports are decreasing, international partners are departing, and unemployment is rising despite the Kremlin's constant attempts to downplay anything negative.

I am very confident that Russia will have a solution that can control its economy well because I believe that the Russian President is very intelligent and, of course, has a very high level of humanity, so he will find a good solution.

If Putin had been smart enough, he would not have attacked Ukraine last February. In this regard, he is now in a big dead end and does not know how to get out of it. He got involved in this war and now he simply cannot leave Ukraine, because this will mean the end of him as a politician and, most likely, he will simply be killed by his own people.

Well, as for humanity, on Putin’s orders, for the second year now, ballistic missiles have been flying at Ukrainian cities, destroying civilian infrastructure and killing women, children and the elderly. Wow humanity!!!

  And the senseless war that he started, sending hundreds of thousands of his soldiers to death and both they and Ukrainian soldiers die in a brutal massacre. Is this also human?
Putin is one of the most bloodthirsty killers in the history of mankind, who, moreover, never sticks to his words.

[Freemind]

I am very confident that Russia will have a solution that can control its economy well because I believe that the Russian President is very intelligent and, of course, has a very high level of humanity, so he will find a good solution.

High level of humanity?- In my life I have seen a politician with a high level of humanity, nor a low one, they simply don't have it. What Putin will likely do is what any other president of any country would do: make sure his country does not lose its status quo. If to achieve this Putin has to use cryptocurrencies (and thus avoid international sanctions) and make the country's companies and agencies able to use them, he will do it.

It doesn't matter if months or years before he had signed a draft to make a bill that would ban cryptocurrencies, for Putin the important thing is to avoid international sanctions, everything else is secondary.

[Fenix]

I am very confident that Russia will have a solution that can control its economy well because I believe that the Russian President is very intelligent and, of course, has a very high level of humanity, so he will find a good solution.

High level of humanity?- In my life I have seen a politician with a high level of humanity, nor a low one, they simply don't have it. What Putin will likely do is what any other president of any country would do: make sure his country does not lose its status quo. If to achieve this Putin has to use cryptocurrencies (and thus avoid international sanctions) and make the country's companies and agencies able to use them, he will do it.

It doesn't matter if months or years before he had signed a draft to make a bill that would ban cryptocurrencies, for Putin the important thing is to avoid international sanctions, everything else is secondary.

In order to use cryptocurrency in international trade, it is necessary that the state partner in the transaction also wants to use cryptocurrency. But states in general are reluctant to accept or pay with cryptocurrency, primarily due to its high price volatility. Therefore, we practically do not hear about transactions between states in cryptocurrency.

  Putin is now in a very difficult situation, since Russian troops are bogged down in the war in Ukraine and have had virtually no achievements over the past year. If the war continues for at least more than a year, a centrifugal process will begin in Russia: the outskirts will try to separate from the center, and the military and law enforcement officers, weakened by the war, will no longer be able to do anything.

[sampoerna]

If Putin had been smart enough, he would not have attacked Ukraine last February. In this regard, he is now in a big dead end and does not know how to get out of it. He got involved in this war and now he simply cannot leave Ukraine, because this will mean the end of him as a politician and, most likely, he will simply be killed by his own people.

Well, as for humanity, on Putin’s orders, for the second year now, ballistic missiles have been flying at Ukrainian cities, destroying civilian infrastructure and killing women, children and the elderly. Wow humanity!!!

Dude, we are discussing about crypto and Russian economy. We don't discuss about the war. If you want to blame Russia for the humanity, how about Israel that everyday send their bombs to Palestine? Is Israel government also not smart like Russian government? 

Anyway, regarding the status of crypto legality in Russia, I think the Russian government won't ban it. I'm sure they know if crypto has big potential to support their economy. They will have some advantages if they use crypto. They can use it as the alternative of dollars for global payments. So, the media probably just provoked us.

[Condorlaib]

If Putin had been smart enough, he would not have attacked Ukraine last February. In this regard, he is now in a big dead end and does not know how to get out of it. He got involved in this war and now he simply cannot leave Ukraine, because this will mean the end of him as a politician and, most likely, he will simply be killed by his own people.

Well, as for humanity, on Putin’s orders, for the second year now, ballistic missiles have been flying at Ukrainian cities, destroying civilian infrastructure and killing women, children and the elderly. Wow humanity!!!

Dude, we are discussing about crypto and Russian economy. We don't discuss about the war. If you want to blame Russia for the humanity, how about Israel that everyday send their bombs to Palestine? Is Israel government also not smart like Russian government? 

Anyway, regarding the status of crypto legality in Russia, I think the Russian government won't ban it. I'm sure they know if crypto has big potential to support their economy. They will have some advantages if they use crypto. They can use it as the alternative of dollars for global payments. So, the media probably just provoked us.

Cryptocurrencies will have two statuses in Russia. The first without restrictions for government activities and the other with restrictions and full control for citizens

[Bobcrypto]

I think every news that comes from Russia with regard to cryptocurrency does not seem to be serious because we have heard story of crypto adoption by the Russian government the next day will hear of crypto outright ban.
I am tired of hearing Russia crypto negative or positive stories because none of these news has been of any effect to the development of cryptocurrency in my opinion.

[Senin]

If Putin had been smart enough, he would not have attacked Ukraine last February. In this regard, he is now in a big dead end and does not know how to get out of it. He got involved in this war and now he simply cannot leave Ukraine, because this will mean the end of him as a politician and, most likely, he will simply be killed by his own people.

Well, as for humanity, on Putin’s orders, for the second year now, ballistic missiles have been flying at Ukrainian cities, destroying civilian infrastructure and killing women, children and the elderly. Wow humanity!!!

Dude, we are discussing about crypto and Russian economy. We don't discuss about the war. If you want to blame Russia for the humanity, how about Israel that everyday send their bombs to Palestine? Is Israel government also not smart like Russian government? 

Again: we need to consider who attacked whom and who is defending himself.
On October 7, we saw a well-planned, large-scale incursion by Hamas forces from the Gaza Strip into Israel. By the way, Russia knew about this Hamas attack, took an active part in planning the attack on Israel, sponsored Hamas with the help of cryptocurrency, and individual Russians took direct part in the attack as instructors. This attack was notable for its senseless brutality against Israeli civilians, several hundred of whom were taken hostage to provide cover for Israeli retaliatory strikes. That is, the Hamas militants seemed to be deliberately provoking an equally massive and harsh retaliatory strike. After all, it was impossible to achieve any other goal. And the answer from Israel came and continues to this day. Can you tell me how Israel could destroy Hamas without causing harm to civilians in the Gaza Strip?
Hamas counted on the support of Iran and other Muslim states. He miscalculated and is now being destroyed by the Israeli army. But Russia achieved its goal: the attention of the world community was switched from the war in Ukraine to military actions between Hamas and Israel, and fewer weapons were supplied to Ukraine.

[DrBeer]

Of course, Putin will ban ANY technologies that can:
- help finance the opposition
- show the truth
- tell the truth
- potentially threaten it through fair and transparent elections.

This means: all alternative financial systems will be either prohibited if there are no means of total control. The same applies to media and Internet platforms. Russia is a country of totalitarianism mixed with Nazism, and such a laugh engenders total control, prohibitions and the absence of any alternatives in human life. And this is not my assessment, given “from the heat of the moment”, as a resident of Ukraine, it is easy to check by taking the description of Nazism and compare it with what is happening in Russia