Quote from: AakZaki on Today at 03:54:48 PM

Quote from: Blawpaw on October 14, 2021, 12:37:08 PM

But even so, it shows that Russia seems to be adopting a friendly position facing cryptocurrency and it may be having some impact on the industry. Given that China adopted a harsh position towards cryptos, is it possible that miners are relocating from China to Russia? Is it possible for Russia to step up to occupy the former place China had in Bitcoin? I guess this is what is happening, otherwise, Putin wouldn't come public with such a neutral position.

At least this is a form of support for Cryptocurency. This is one positive news. They will continue to give permission to their citizens to carry out crypto-related activities except for payment instruments. Even if I'm not mistaken they already have the official digital currency Ruble. Maybe this is not a direct support but it does not hinder the development of Bitcoin it is already very good. It looks like they will continue to study Bitcoin and other cryptos.

Yes, the positive signal from President Putin is enough to make the market appreciate even though there are many other supporting factors. The conditions for Russia and China, which are rumored to be replacing China, are slightly different because Russia is currently looking for an alternative after the US policy on Russia since 2014.