Post
Topic
Board Legal
Re: Russia To Ban Cryptocurrencies
by
YOSHIE
on 21/11/2022, 13:44:09 UTC
it is interesting to see the impact of Russia’s ban ( If implemented) in the crypto world.
The news about the banning of crypto in Russia is currently still top news all over the world, as far as I know Russian president Putin 'did not' ban crypto users, assets, exchanges and crypto mining operating on Russian territory, as I quoted in one of the sources.
conclusion:
Quote
The law also allows owners of platforms offering exchange services to block any transactions that facilitate the replacement of digital financial assets with rubles.

Putin bans unlawful crypto, for users, exchanges or crypto miners making transactions other than the country's official currency, namely the ruble, Russia is not banning the exchange of crypto or assets like Bitcoin and others, they want to create a Russian legislature about digital currency with rubles.

The real point about crypto vs. Russia as I show below.
Quote
long discussions between the Central Bank of Russia and the government regarding cryptocurrency. In addition, this move made the ruble the only legal currency in the country.



From other sources that I have seen, regarding the quote below.
The proposed ban includes crypto exchanges too.
This is not an idea or plan of the Russian government, but an idea and plan that Europe wants to do against Russia, in the form of Russia's war sanctions against Ukraine.