Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency will not save Russia from sanctions
by
ivankoh
on 31/03/2022, 06:09:23 UTC
Do you think they can get around the corner and still escape the numerous financial restriction on their country through Bitcoin or altcoin

https://www.aljazeera.com/economy/2022/3/1/crypto-will-not-save-russia-from
Assuming Russia moves to announce its decision to legalize bitcoin, I think this will be resolved.  The pros of bitcoin may be under scrutiny from Russia, but the next reaction if bitcoin is accepted as a form of payment, their RUB will continue to weaken.  In this situation, Russia could begin to face the challenge of another economic war.  I also think Russia will probably forge another link with their partners or allies around bitcoin before they can propose bitcoin at the final peg.