Post
Topic
Board Legal
Re: Russia To Ban Cryptocurrencies
by
Poker Player
on 02/10/2022, 02:55:40 UTC
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

They are forced by necessity, they do not do it willingly. The normal states are going to be against Bitcoin because it threatens their centralized power, but there are cases where they realize that it can be more useful, as it happens with El Salvador with remittances or in this case to bypass sanctions.