The Director of the Bank of Russias legal department has admitted that Bitcoin and other cryptocurrencies cannot realistically ever be banned in the country.
Although cryptocurrencies are not exactly legal in Russia, it seems like they wont ever be banned, either. Thats the latest news from the Russian government. Although Russia has a love hate relationship with crypto and bitcoin, what do you think about this admission? I think personally no bank can control it, but they don't admit it.
What do you think about this? If you want to read the full article, you can click on the link below
https://beincrypto.com/russian-central-bank-admits-it-cant-ban-bitcoin/They just admitted what we have known for a very long time, even if they were to ban bitcoin on paper can they force people to get rid of their coins? And we know the answer is no, as such they are going to try the next strategy which is to try to ban or at least to make very hard to make purchases with bitcoin, but that is going to fail as well, a crisis is coming and when people are desperate they are going to try everything they can in order to improve their lives and if they can keep most of their purchasing power by buying bitcoin then it is obvious they will get bitcoin and not obey that ban.