Re: Russia gives in and considers accepting bitcoin exchange

Quote from: paxmao on February 18, 2022, 09:46:46 PM

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.

It is because the Russia’s Ministry of Finance knows that if the ban continues, they will be left behind like China and other anti-Bitcoin countries out there. Same thing goes to India, in which they also have the change of heart after proposing a ban sometime last year and criminalize those who are holding and trading some BTC or any cryptocurrency.

Warren Buffett even called Bitcoin a “rat poison” sometime in 2018, and recently he bought BTC in a crypto-friendly bank while he dumped some traditional stocks.