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/I think all banks today do not hate the presence of Bitcoin or cryptocurrencies, but they are jealous. Because the presence of crypto or Bitcoin now also brings huge benefits for those who own banks. They benefit greatly from the withdrawal of crypto assets from various sources and from various countries. The velocity of money had never happened so fast before the advent of crypto. In the past, the circulation of world money was only done by certain people.