Post
Topic
Board Bitcoin Discussion
Re: Russia and central Bank agreed to legalize cryptocurrency as a form of currency
by
buwaytress
on 11/02/2022, 11:57:49 UTC
They could use Yuan to evade sanction though, especially when media recently report good relationship between China and Russia.

On my last visit in 2019 to Central Asia, they were already about to begin some land trading routes on new trans-siberian highways and there were even some apps I saw that paid for toll with digital options, with even the ride sharing apps (everyone hitches rides there rather than Uber style taxi) popular in Kazakhstan were all denominated in ruble but could also accept wechat payments (RMB though I recall), this to me was a definite sign of China's plans for their digital yuan. If that ever qualifies as "crypto" (since tether does anyway) -- I understand digital yuan won't use blockchain, but there's conflicting reports on it and there already is a "Blockchain Service Network" in development -- with this legislation coming, it all begins to make more and more sense now, to me at least as a casual observer.