Post
Topic
Board Economics
Re: Russia to replace USD reserves with Bitcoin
by
Slow death
on 03/05/2019, 15:57:58 UTC
Due to US sanctions , Russia may well start to invest its reserves in Bitcoin. Ive heard this rumour for months, but it looks more and more logical and likely.

https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/

This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .



Do not believe this bullshit, how many times have we heard things like these coming from Russia? This:

Russia: Central Bank Suggests Limiting Sale of Crypto Assets for ‘Unqualified Investors’

shows clearly that russia will not use bitcoin. so stop believing these bullshit that a country with dark politics like russia will accept bitcoin

Russia: Financial Markets Committee Considers Requiring Identification From Crypto Users

Russian Minister of Justice: Cryptocurrency Doesn’t Yet Need to Be Legally Defined

Both the constitution and current financial system  legislation in Russia “categorically prohibit” using cryptocurrencies as a means of payment, Konovalov argued, citing article 75 of the country’s constitution.