Quote from: UmerIdrees on October 01, 2022, 11:49:19 PM

Quote from: Gozie51 on July 31, 2022, 08:19:43 PM

Quote from: 9to5blog on January 29, 2022, 04:55:44 PM

The Bank of Russia said crypto mining created problems for energy consumption as Russia is one of the largest crypto-miner in the world. Meanwhile, The central bank is planning to issue its own digital rouble. The proposed ban includes crypto exchanges too.

Banning cryptocurrency in Russia won't bring any solution or creating digital ruble won't either. CBDC and cryptocurrency are not on same purpose. If Russia is having difficulty in their economy, they should better stop the war with Ukraine and get back into supply of energy to Europe and their economy will bounce back because the economic sanctions too will be lifted and not to look in the direction of banning crypto mining.

The stance on bitcoin and cryptocurrencies has changed in Russia after the war with Ukraine.

They are no more banning cryptocurrencies, rather they are now using and promoting cryptocurrencies after the sanctions being put on them by IMF and the western world.

Russian officials approve use of crypto for cross-border payments: Report

The situation with cryptocurrencies in Russia has not changed over the past few years. You can hear a lot of news that cryptocurrencies will be banned or allowed, but it all seems like blah blah blah, and there are no laws about cryptocurrencies. Shadow markets work great and are a very good way to transfer your assets to any country.