Post
Topic
Board Economics
Re: Russia gives in and considers accepting bitcoin exchange
by
laredo7mm
on 19/02/2022, 09:30:33 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.

Last month Russia was planning for a crypto ban by fearing money laundering. It's good to see that decentralization proves superior compared to centralization. But I am confused about "analogue of currencies" terms stated in the OP. They said they will not treat it as a digital asset and consider it as a currency which means they are going to announce bitcoin as a legal tender? Is there any info published about those draft laws?