Quote from: Ozero on January 13, 2023, 12:08:08 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.

It is already too late for Russia's political leadership, headed by Putin, to return to its original position, which was before the attack on Ukraine. The choice has been made: Ukraine has suffered colossal material and human damage, there are sanctions that will not be lifted even if Russia withdraws all its unfinished troops from Ukraine. After all, there will be a question of paying reparations, which will be measured at least about a trillion dollars.
Russia will also not be able to resume deliveries of its energy carriers to Europe. The countries of Europe have fundamentally severed these relations with Russia, so as not to be dependent on it and not be subjected to pressure and blackmail on its part. The policy of aggression and pressure on other states will cost Russia very dearly, and many more generations of Russians will pay for it.

Russia has been a supplier of cheap resources to European countries for many years, and so far the supply of resources has not been stopped. European countries need 5-10 years to build new infrastructure at a huge cost, and logistics costs greatly increase the cost of resources. The Chinese have already occupied Renault car factories and produce their cars there, and the places of European concerns are occupied by Chinese ones. European sanctions greatly strengthen China's position by reducing the price of resources for the Chinese economy.