Quote from: Abiky on Today at 02:25:19 PM

Quote from: Argoo on April 02, 2022, 03:56:17 PM

In Russia, bitcoin and other crypto-currencies have not yet been legalized for free circulation. Most likely, the cryptocurrency in Russia will no longer be legalized due to the fact that they are taking tough measures to ensure that the currency does not leave the country. And cryptocurrencies will contribute to this. The Putin regime, if necessary, can use bitcoin to circumvent sanctions without the official legalization of cryptocurrency. Therefore, they are not interested in legalization itself.

The Russian government can still use Bitcoin "under the scenes" without approving its legal use among citizens. What action will Putin will take towards BTC is a mystery. No matter if Russia approves or disapproves of BTC, it will always be possible to use Bitcoin thanks to its decentralized and censorship-resistant design. Bitcoin doesn't need the government's approval as long as there's a strong community backing it every step of the way. If one government rejects Bitcoin, another one will embrace it with open arms. As long as decentralization wins in the long run, nothing else matters. Just my thoughts Grin

I think that gradually bitcoin will be approved in Russia. For example, I recently used a service known on this forum - Bestchange.org. I wanted to buy cryptocurrency with a VISA plastic card. And in all exchangers where I tried to exchange, I was offered to complete the KYC procedure by taking a picture of the card against the background of the application or standardly a passport with a face. Although a week ago there was no such thing. In other words, the state has already started collecting data on citizens who use cryptocurrency.