Quote from: BlackHatCoiner on February 24, 2022, 07:21:24 PM

Quote from: OmegaStarScream on February 24, 2022, 01:57:09 PM

Russia has been working on legalizing bitcoin for the last couple of weeks.

Which still seems weird to me. Why would a nation, whose regime isn't known for seeking freedom, want to formalize Bitcoin... A currency known for decentralizing the economy. They have full control over their citizens via the banking system, I wonder what are their plans.

I'll hold my breath for this.

Because Bitcoin is out of Swift's system. Bank of Russia I think will also be sanctioned by Biden because of Putin's action. Would that mean there is more freedom in Russia just as people paint against Bukele as a dictator? I think so. Or I may just be seeing the positive side to these men that what are in the news.

Quote from: DeathAngel on February 24, 2022, 11:25:47 PM

Quote from: countryfree on February 24, 2022, 01:52:37 PM

I'm reading many articles explaining that Russia shall be cut off from the SWIFT global interbank payments system, as a sanction in response to its invasion of Ukraine. That means it would be impossible to make bank transfers between Russia and most other countries.

I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.

My fear is that Russia starts using bitcoin & then the West is aggressive towards bitcoin use in their countries. Obviously they can’t stop people using bitcoin but they can make it difficult for average joe. I don’t want to have to move country because I can’t sell bitcoin at a profit to buy a home etc because my bank blocks the winthdrawal from the exchange.

It's possible because IMF is already aggressive to El Salvador and even Canada is freezing accounts that are linked to Truckers that did have issues related to cryptocurrency. I guess Bitcoin will be used more these days and this war is just going to fast forward the adoption of cryptocurrency.