Post
Topic
Board Economics
Re: Russia gives in and considers accepting bitcoin exchange
by
Zilon
on 19/02/2022, 08:11:44 UTC
https://www.euronews.com/next/2022/02/09/russia-s-government-and-central-bank-agree-to-treat-cryptos-as-currency

From considering a ban to admitting that it is nearly impossible to prevent the use of bitcoin, that is already extended to millions of its citizens that will not stop their trading and holding just for an official ban, the government has chosen a much wiser path, legalise and make sure that the actors of the market are clearly identified and can operate in full compliance with legislation.
Just the best any nation can do other than make I ban on cryptocurrency. Russia government has finally realized the will only keep promoting fraud and cyber crime if the keep holding on to the ban because no matter how strict the policy might seem Russians will still own crypto and since exchanges aren't legalized they will operate in the hidden there by making crypto owners even more anonymous then malware attackers could take good advantage of it to take good ransom for their cyber thefts