Russia approved bitcoin as a form of money in order to hedge against the Russian ruble's depreciation and the Biden sanctions. What are your thoughts?
Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance
Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance
This news is very good that Russia has legalized Bitcoin, the price of bitcoin will rise again due to the massive buying that took place after the Russian government established Bitcoin as legal tender. It seems that some countries have started to accept the situation that should have happened, namely Bitcoin as a legal tender in all countries.
My country should also quickly accept bitcoin as a legal tender so that visitors from other countries come to my country to spend their Bitcoins.