Re: Russia gives in and considers accepting bitcoin exchange
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.
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.
Did someone on their side not think things through
? Or was the initial report of crypto banning just somebody (from the government or connected to) blabbing out something that was actually just one of the things they were looking into and considering but never made real plans to do it. So yeah, governments are still trying to figure out what to do with this and I don't think any definitive consensus will be met anytime soon. I wouldn't be surprised by changes in the approach towards crypto dependent on what government is in charge.