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.
There are no lies in what they have said, no one can control Bitcoin. Imagine that bitcoin is not a decentralized currency, but rather a centralized currency, the government would have been able to control it and do whatever they want to do it. They may even decide to end it at anytime they want, especially if its coming from one of these countries where it has been declared illegal.
But, luckily it is decentralized and no one can stop it or say what should happen, that way no one can end it. Even when some people say that Bitcoin will end, I usually wonder how possible that is.