Post
Topic
Board Economics
Re: Russia gives in and considers accepting bitcoin exchange
by
TheGreatPython
on 21/02/2022, 13:38:19 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.
There was a saying once that "if you cant beat them join them" this is now happening in the country of Russia where their government join its people because people seem cant get enough of using a bitcoin even though bitcoin is banned already in their country.

Sometimes it takes only courage to get what you desire unlike to other countries where they got scared easily in anything that their government is saying but I guess they are only care about their selves or to their love ones because they can also get in trouble if they wont follow the protocol. Their government might want to do regulations too so that they can also identify the bad actors in the market.