Post
Topic
Board Bitcoin Discussion
Re: Russian individuals are using crypto to bypass sanctions
by
farwellbit
on 06/04/2022, 18:53:13 UTC
After so many sanctions imposed by the UK and US, Russia had only the option of adopting cryptocurrency.
Why? To keep ruble exchange rate relatively stable they hardly would like to get new competitors for him. So there are much more options what to do and previously they didn't want to adopt decentralized currencies.

And as for bureaucratic elite they use cryptocurrencies like they like even without any official adoption, so they just don't really need any changes with that.
I do agree that it shouldn't really be a shocking result, after all we are talking about ruble needing to get better and bigger, which could be done via the fact that Russians asking everyone to use ruble. This could be for main things like oil and gas, but it could be done for everything.

This would make ruble a lot more stable and a lot more liked by people as well. I am not guessing that it would be a bad result if they ignored crypto all together and focused on just ruble itself. Which is a proof that they do have a chance other than ruble when working. By the looks of it, ruble is not getting any worse neither, so it shouldn't really matter to them.