Post
Topic
Board Bitcoin Discussion
Re: Russia's approval of BTC
by
_act_
on 12/02/2022, 11:10:56 UTC
Can you include the source link if Russia has accepted Bitcoin as a currency

What I read last that we also discussed on this forum is that Russia wants to accept Bitcoin bad a currency, they are still on it, you can check this thread for that: Russia to make bitcoin a currency

Russia approved bitcoin as a form of money in order to hedge against the Russian ruble's depreciation and the Biden sanctions. What are your thoughts?

Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance Smiley
Maybe it is political reason or not, nobody can know why, it can be and it may might not be the reason. I do not have any point regarding this but one of the function nof bitcoin is to help during inflation just like gold.