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Author Topic: Russia says it will accept Bitcoin for its oil and gas exports  (Read 12498 times)

Offline Arkann

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #75 on: August 24, 2022, 07:00:32 AM »
This is good news for the cryptocurrency as a whole, if Russia is going to accept payments with cryptocurrency, it will only be a chill that everything will be fine with the crypt.
we should not forget that sanctions have been imposed on Russia, and in order to achieve results, regulatory authorities can block the air for users of cryptocurrencies.  Problems need to be solved not locally, but as a whole.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #75 on: August 24, 2022, 07:00:32 AM »

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #76 on: August 24, 2022, 01:03:04 PM »

It cannot be denied that the country of Russia was deliberately opened to this digital currency of the Bitcoin industry. So many merchants are accepting Bitcoin payments in their businesses and even in different companies. And in fairness, that strategy of Russia is quite cruel and can be said to be good. Why? Because imagine if a country is not open to the Bitcoin industry but they need a supply of oil and gas, they will always be forced to buy Bitcoin with their currency, this is a nice move for Russia, really good.
Russia has never been open to cryptocurrencies, much less to using cryptocurrencies as a payment. Moreover, Russia has always banned the use of cryptocurrencies as a payment and they do not intend to change their position in the future. Russia is the most hostile country in Europe regarding cryptocurrencies. There has long been a bill to establish strict criminal liability for the use of cryptocurrency as a means of payment, which has not yet been considered. Therefore, do not wishful thinking. Six months have passed since Russia is waging an aggressive war in Ukraine and received international sanctions for this. But even bypassing them, such as selling her diamonds in India, she receives payments for this in rupees, that is, the national currency of this state.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #77 on: August 26, 2022, 03:25:12 PM »
This news is very useful for the development of Bitcoin but now the world is acknowledging the violence against crypto. Which is not our desire at all. We always know that crypto or bitcoin is neutral. I never expect it to be anyone's weapon.
It is very bad when it happens in relation to cryptocurrency, which is aimed at a positive result and improvement in terms of the development of all countries in the world.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #78 on: August 26, 2022, 05:04:41 PM »
Russia make a great decision and like the Russia also the other big countries will allow the BTC for their daily use. This time so many peoples are trading in the BTC and they make good money in this market and enjoy their life and so many peoples are left their job just becasue of this market becasue they earn good then the job through this market.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #79 on: September 24, 2022, 09:09:29 AM »
Russia make a great decision and like the Russia also the other big countries will allow the BTC for their daily use. This time so many peoples are trading in the BTC and they make good money in this market and enjoy their life and so many peoples are left their job just becasue of this market becasue they earn good then the job through this market.
unfortunately what is happening today does not match the reality, president putin has imposed crypto restrictions in russia and has issued its regulations.
So far there has been talk that to avoid the embargo Russia will legalize payments using crypto, but all this has not happened because regulations have been set and for anyone not to do crypto transactions in Russia.
will there be any changes? Of course it can happen because Russia has done that, meaning we will always wait for the latest developments.

- https://blockworks.co/putin-amends-law-to-broaden-russias-crypto-payments-ban/

- https://mashable.com/article/russia-crypto-transaction-ban
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Offline Bobcrypto

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #80 on: September 24, 2022, 10:43:32 AM »
As for me on the Russian adoptions, I doubt the possibility of this information, and there has been several informations in the past that has surfaced about crypto adoptions or payments in Russia but all were just rumors and none of them came to reality. I think that the crypto community should just ignore any information that has to do with Russia crypto adoptions, because many of us on the crypto community has heard enough of these failed news. On many times we heard  that Russia will accept payment with Bitcoin, on another times we heard that Russia has ban crypto payment, too many misinformation about Russia crypto adoptions. Thank you

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Offline Fenix

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #81 on: September 25, 2022, 10:24:37 AM »
These rumors appeared almost seven months ago, when Russia attacked Ukraine and the states imposed additional tough sanctions against the aggressor country. After that, almost immediately, the Central Bank of Russia denied the possibility of using bitcoin or other cryptocurrencies in international settlements with other states. Since then, no additional information has been received, including that Russia is using cryptocurrency to circumvent sanctions, including in payments for oil and gas supplies. If they do this in Russia, it will be secretly, although for this it is still necessary to secretly supply the goods themselves, that is, oil and gas. And to do this is very difficult.
« Last Edit: September 25, 2022, 10:27:26 AM by Fenix »

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #81 on: September 25, 2022, 10:24:37 AM »


Offline Cadaver20

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #82 on: September 25, 2022, 06:31:46 PM »
If Russia accepts Bitcoin for business purposes, it will open up new possibilities for Bitcoin. Because many countries that import oil and gas from Russia will also accept Bitcoin. As a result, overall Bitcoin acceptance will increase. Recently our country wanted to import oil from Russia but could not. Because we do not have such a huge amount of rubles. I hope bitcoin will solve this problem.
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Offline Muneeb22

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #83 on: September 26, 2022, 07:36:10 AM »
Russia make a very great decision and this is the best time that we need to invest in the crypto market and hold our all coins because now at this time all the market is down so much and soon the market go high and make a very high bull this time because Russia except Bitcoin and also the other currencies will go high when the BTC go high because all the crypto market will run with the BTC and if the BTC will comes down the other ALT coins will also comes down.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #84 on: September 27, 2022, 07:22:46 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

always good to hear the big country like Russia will accept bitcoin for oil and gas payment.
But I think It won't happen.
Because the volatility of bitcoin is the  main reason.
But let's what will happen


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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #86 on: October 02, 2022, 09:04:46 AM »
if if happened, Russia accept bitcoin for oil and gas payment, I think It's good thing.
But It will never happen.
Because as many people said here, bitcoin is unstable.
I think rubel is good payment for this.
Never mind for now what you say will not be possible because Russia has issued a regulation regarding crypto cannot be used as a transaction tool in their country, so it will not be possible to accept payments with bitcoin.
but whether in the future there can be changes and can accept? there will always be a possibility because all will see the situation in time.
but now Russia already feels that payment can be made with their money (rubles), because all those who buy from Russia really need it and it must be remembered that the price that gets is discounted so the price is cheap.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #87 on: October 02, 2022, 05:56:04 PM »
if if happened, Russia accept bitcoin for oil and gas payment, I think It's good thing.
But It will never happen.
Because as many people said here, bitcoin is unstable.
I think rubel is good payment for this.
Never mind for now what you say will not be possible because Russia has issued a regulation regarding crypto cannot be used as a transaction tool in their country, so it will not be possible to accept payments with bitcoin.
but whether in the future there can be changes and can accept? there will always be a possibility because all will see the situation in time.
but now Russia already feels that payment can be made with their money (rubles), because all those who buy from Russia really need it and it must be remembered that the price that gets is discounted so the price is cheap.
I think that if the Russian government wants to circumvent international sanctions with the help of bitcoins or other cryptocurrencies, then the absence of special laws for this will not be a problem. The central government has always violated its own laws when necessary. The main thing is, as the king says. In addition, Russia may already be doing this, but this information will be classified and we will not know this, unless, of course, it is leaked. But with cryptocurrencies, not everything is so simple. In addition, hiding from the public the fact of movement of sanctioned goods, in this case gas and oil, is no less a problem. After all, the volumes are large and tankers, even from satellites, are very easy to track.

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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #88 on: October 03, 2022, 07:47:25 PM »
of course, this would have a positive effect on bitcoin, but I don't think it will come to that, bitcoin is too volatile for oil trading, and it's hard to imagine it. However, other countries are not doing this yet...I doubt that it will be localized.
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Re: Russia says it will accept Bitcoin for its oil and gas exports
« Reply #89 on: October 08, 2022, 07:14:58 AM »
Bitcoin has now gone public and including the Russian government is also very open to Bitcoin.
Since the war with Ukraine, this cryptocurrency has been intensively taken as the right choice to open payments other than Fiat.
I am sure that Russia is also opening the payment to further smooth the sale of Oil and Gas to get the best profit. This only my opinion and cmiiw.
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