Post
Topic
Board Bitcoin Discussion
Re: Ukraine - Russia war crisis. Will Bitcoin be legalized soon?
by
arwin100
on 25/02/2022, 15:38:14 UTC
I don't discuss about geopolitical issues or war here. Let's consider about what is going on and will happen with (against) Russia.

They under the dictatorship of Putin, really invaded Ukraine and ignored all international standards. They are punished by massive sanctions on their bank system and many areas. Because we do know Bitcoin is peer-to-peer, borderless so will Russia do something like North of Korea, trying to use Bitcoin as one of their last resorts?

With Bitcoin, they can avoid traditional sanctions against them. To do this, will they legalize Bitcoin in Russia soon?

Let me say, I hate war!

Bitcoin will just give them little help towards the sanctions impose to them since in the first place this cannot help them transporting or exporting their product to the country who imposed this to them and those country is so huge then have many allies so for sure even if they legalized bitcoin still their economy will be crumpled as what US like. And this one will create more trouble as Putin already warn about this so les hope to see a brighter side and both of their officials will realize that there's no good for them to go thru this harsh condition.