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Isn't that if fiat starts to collapse, some parties will probably precisely look at cryptocurrencies and want to make it acceptable in their country? Why should be banned because of the collapsed fiat? Do they think that crypto makes worse of their fiat? if so, it is about the competition and And this does not have to wait for the collapse but now can also prohibit crypto.
Under the new law, Russians could be penalized for any use of cryptocurrency, from full-blown operations like owning an exchange or mining farm, to smaller transactions, such as buying bitcoin with a Russian bank account.
Is this true? If this law is approved and adopted, it will have a global impact. How come? Many cryptocurrency players are from this country. Many crypto companies are also from Russia. Will this affect the crypto world globally?
Maybe there are currently pros and cons related to the holding of this new policy. especially with the fines and sanctions submitted. However, if it is determined, will they still be able to play behind?
Actually we should feel grateful because lately, more and more countries are exploring and interested in cryptocurrency. Therefore, it is unfortunate if such a law is passed. Moreover, Russia is a big country.