Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Freemind on July 16, 2022, 11:17:05 AM
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After so many doubts on the part of the community, without knowing if the Russian government was finally going to accept cryptocurrencies as a means of payment or not, we finally have new news about it. I recommend reading the article in its entirety and not being fooled by the headline, since the news consists of several very well differentiated parts regarding cryptocurrencies. However, depending on how damaging international sanctions are to the Russian economy, everything they are doing could change.
Here is the article: https://cointelegraph.com/news/vladimir-putin-signs-bill-banning-digital-assets-as-payments-into-law
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I have big doubt about any news that has to do with Russia and cryptocurrency adoptions. So many of such news are very unreliable and can't be trusted. In the past, I have heard different news about crypto adoptions on Russia but non of the was real. Infact, I concluded that any crypto news on Russia will not be taking seriously because all I have read, very many of them did not come to pass.
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Well, the article directly states that the law signed by Putin prohibits the use of digital financial assets as a means of payment. That is, citizens of Russia can buy and store cryptocurrency, and having received a profit, they will first be required to exchange it for rubles in order to be able to buy goods and services for them. This approach to cryptocurrency has always been in Russia and it corresponds to the provision in the Russian Constitution that the only means of payment in the country is the ruble. So I'm not at all surprised by this law.
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The use of digital financial assets as a means of payment can also be carried out by several other countries or will follow Putin's steps.
but why should you focus on Russia?
Russia will continue to use the ruble and probably every citizen is free to make transactions on the crypto market.
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Russia is one of the few states that consistently prohibits the use of cryptocurrency on its territory as a means of payment. Despite various opinions, this state has never been cryptocurrency friendly, and with the growing pressure of sanctions after a full-scale military invasion of Ukraine, cryptocurrency bans there will only intensify. Russia is becoming more and more an outcast from the entire civilized world and many wealthy citizens will leave this country. And one of the effective means to take your fortune out of the country and not be subject to sanctions is cryptocurrency. Therefore, most likely, Russia will take measures to ensure that capital in the form of cryptocurrency does not leave the country.
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The use of digital financial assets as a means of payment can also be carried out by several other countries or will follow Putin's steps.
but why should you focus on Russia?
Russia will continue to use the ruble and probably every citizen is free to make transactions on the crypto market.
In civilized states, there is a completely different approach to cryptocurrencies than in authoritarian Russia. The state, where human rights and freedoms are respected, will not prohibit the circulation of cryptocurrency if it does not pose a threat to their financial stability. This approach was expressed at the G20 summit, which was dedicated to the issue of the general attitude of states to cryptocurrency. Therefore, these states will not follow in the footsteps of Putin's anti-people regime.
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So far, Russia has only banned the use of cryptocurrency as a means of payment. Further there, most likely, they will establish liability for violation of this prohibition. And the State Duma of Russia has long had a bill establishing strict criminal liability for the use of cryptocurrency as a means of payment. Due to the fact that the Russian economy is beginning to collapse due to the international sanctions imposed for unleashing a war in Ukraine, and there will be feverishly looking for measures to save it, they can not only introduce criminal liability for this, but also completely ban cryptocurrency. Indeed, the sanctions continue to increase and may still change. But for the citizens of Russia, these changes will certainly not be for the better.
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Great news, thanks for sharing the article.
I read the whole article and saw this is good news, crypto miners there can apply for legality as self-employed and this is supported, if mining is supported then there is no problem to worry about the current bill.
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That's sound a bit upsetting but I also believe that the ban shall be lifted off as the future is Definity going to be digital regardless.
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That's sound a bit upsetting but I also believe that the ban shall be lifted off as the future is Definity going to be digital regardless.
You do not take into account the objective situation in Russia. After the military aggression against Ukraine and the sanctions imposed on it, Russia will be largely isolated from civilized states, which will lead to its return to the last century. This will primarily concern its economy, technologies, including digital technologies. Therefore, it is unlikely that they will still think about the development of cryptocurrency. At the same time, we will see what they will do next in this area.
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We will see the bad news and good news as long as crypto exist.
It's not problem for us.
At the past we heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care
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We will see the bad news and good news as long as crypto exist.
It's not problem for us.
At the past we heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care
The fact that Russia would use bitcoin to circumvent international sanctions when receiving payment for the supply of its oil and gas was indeed gossip that was immediately refuted by their central bank. But in this case, if Putin really signed the law already adopted by the State Duma of Russia, then this is no longer gossip. Moreover, Russia has always adhered to the position of prohibiting the use of cryptocurrency as a means of payment. To change this position, Russia must first introduce changes to the Constitution, which states that the only means of payment is the ruble.
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We will see the bad news and good news as long as crypto exist.
It's not problem for us.
At the past we heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care
The fact that Russia would use bitcoin to circumvent international sanctions when receiving payment for the supply of its oil and gas was indeed gossip that was immediately refuted by their central bank. But in this case, if Putin really signed the law already adopted by the State Duma of Russia, then this is no longer gossip. Moreover, Russia has always adhered to the position of prohibiting the use of cryptocurrency as a means of payment. To change this position, Russia must first introduce changes to the Constitution, which states that the only means of payment is the ruble.
But all this will have some sort of make a move reasons for Russia.
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We will see the bad news and good news as long as crypto exist.
It's not problem for us.
At the past we heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care
I totally agree with you, every time an opinion is built. After this there will be new gossip and I think Russia will continue to make provocative news so that it becomes a world news trend. Of course this will benefit Russia.
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I have read Russian government will legalize mining, But here I see the news about it.
Putin will ban digital asset as payment.
Maybe Russia will allow crypto as the payment method at the coming years. Let's see
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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...
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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.
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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.
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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
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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.
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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
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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
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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There is no wonder why is Russia still banning digital assets as payments because if they allow these financial exchanges openly more and more people will engage in anonymous transactions which here is crypto, which will cause trouble for the government to keep track of transactions across the country, most importantly country will miss out on the taxes which is essential for running a country, that's why it's hard for countries to adopt cryptocurrencies.
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I don't think it's a tax loss, the government agency of a country which consists of many programs, discourses and steps to be taken, is very difficult for some people to guess.
We will have to see countries experiencing inflation whether they think they will buy or replace crypto as a new currency?
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There is no wonder why is Russia still banning digital assets as payments because if they allow these financial exchanges openly more and more people will engage in anonymous transactions which here is crypto, which will cause trouble for the government to keep track of transactions across the country, most importantly country will miss out on the taxes which is essential for running a country, that's why it's hard for countries to adopt cryptocurrencies.
This is something that is inherent in all states. But in the case of Russia, the situation is much worse. The sanctions imposed against it continue to have an increasing suffocating effect on the Russian economy. Despite the fact that the Kremlin is always trying to deny everything bad, the sanctions are working, the flow of imports is declining, foreign partners are leaving, unemployment is growing. Many Russians have already realized that this will drag on for at least several decades and are trying to leave this pariah country. Together with people, a lot of capital is leaving the country, because most often wealthy people leave Russia. Many have already made sure that it is easier to export capital with the help of cryptocurrency. This is also understood in the Russian government. Therefore, it is unlikely that the cryptocurrency in Russia will receive, taking this into account, unhindered circulation.
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I don't think it's a tax loss, the government agency of a country which consists of many programs, discourses and steps to be taken, is very difficult for some people to guess.
We will have to see countries experiencing inflation whether they think they will buy or replace crypto as a new currency?
I think the government can take the tax if they want.
But If they will ban digital assets as payment, I think As crypto enthusiastic, I didn't agree.
Crypto is the future technology, the government should learn and adopt it.
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I have read Russian government will legalize mining, But here I see the news about it.
Putin will ban digital asset as payment.
Maybe Russia will allow crypto as the payment method at the coming years. Let's see
Russia in the foreseeable future will not legalize cryptocurrency on its territory. In any case, until the Putin regime disappears there and the rule in this country becomes more democratic. Especially now, when a strict economy regime is introduced there and a ban on the export of currency from the country is introduced, as wealthy citizens seek to avoid mobilization and leave the pariah country without a normal future.
However, if they adopt a law similar to the one that was submitted to the State Duma on November 17, then cryptocurrency mining will be allowed, but with the obligation to sell cryptocurrency outside the country, that is, it will not be circulating inside the country anyway.
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No government is happy about these decentralized platforms helping normal people do their transactions other than banks, bank transaction help government to track these transactions which help the government to generate revenue in the form of taxes, and which government doesn't like taxes...... ? They cant operate without taxes...
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It seems they said that they would accept payment for resources in cryptocurrency, but now they have decided to change their mind. It will be clear later when this happens and how it will be resolved.
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It seems they said that they would accept payment for resources in cryptocurrency, but now they have decided to change their mind. It will be clear later when this happens and how it will be resolved.
For the tenth month now, Russia has been attacking the territory of Ukraine and suffering a colossal military defeat from the Armed Forces of Ukraine. The economy of the Russian Federation is greatly depleted from a long war for which it was not ready, as well as from the effect of international sanctions. Therefore, they will be forced to introduce a regime of the strictest economy and a ban on the export of material and financial resources abroad. Cryptocurrency will just interfere with this. Therefore, it is obvious to me that there will be no legalization of cryptocurrency in Russia.
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More recently, I heard the opposite. Soon, in Russia there will be an exchange using bitcoin. Such transactions are very convenient. Neighboring countries, Ukraine, Kazakhstan will also follow this exchange. This will have a very good effect on the cryptocurrency.
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After so many doubts on the part of the community, without knowing if the Russian government was finally going to accept cryptocurrencies as a means of payment or not, we finally have new news about it. I recommend reading the article in its entirety and not being fooled by the headline, since the news consists of several very well differentiated parts regarding cryptocurrencies. However, depending on how damaging international sanctions are to the Russian economy, everything they are doing could change.
Here is the article: https://cointelegraph.com/news/vladimir-putin-signs-bill-banning-digital-assets-as-payments-into-law
No worries, about this issue.
I think Putin will have good decision for crypto currency.
I don't believe Putin will ban digital assets as payment forever.
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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
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they now just seem to have other goals and problems, and cryptocurrencies are now in limbo
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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
Yeah, I think Putin and their team still learn about crypto and block chain technology , I dont believe they will ban this technology, let's see.
Russia will allow bitcoin and alrcoins soon.
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The global gaming token market is worth more than INR 1 trillion, according to data collected by CoinMarketCap.
These tokens may only have utility within a particular game or gaming ecosystem, but the top tokens also have significant real-world value.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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