The state of Bitcoin during the war between Russia and Ukraine

[davis196]

Ukraine is in ruins,innocent people are dying,the number of refugees might hit several million.
Do you really think that "the state of Bitcoin" is the most important topic right now?
I don't really believe that the Russian government and the oligarchs around Putin will adopt Bitcoin or any other cryptocurrency.The western world will track their transactions and block their funds in no time.
Putin is playing a gambling game with his own country and he bets all in,which will eventually lead to his end.
He doesn't care about finding a way to bypass the western sanctions.I have overestimated this guy in the past.

[ultrloa]

If Russia will officially adopt Bitcoin, it would mean that Bitcoin will come under scrutiny in the West, chainanalysis and kyc will get ramped up, but I hope that it won't be banned, because the world saw that it can be used for good.

Regulation Yes, Banning I highly doubt it base on turn of events, this few days must have change some people's thought towards btc and digital currency, what will they benefit from banning it? if they regulate it on the other hand, they stand to gain more, remember there is tax to be collected.

How could these country will have that Banning thing when they are both considering adoptions of Bitcoin right? so basically There will be no banning instead there are only some regulation needs to be implemented for the safer of their own people of course and to prevent abuses from using Bitcoin as the war increases momentum and this will make people hide their funds from here and there.

For what happen today for sure many will realize how useful bitcoin is especially with those Russian guys who want to escape on heavy sanctions on them and guess this will be one of key opener for another possible adoption since provably once the situation became calmer and both government will agree on peace talk maybe we can see that bitcoin will also get included and been adopted by them especially by Russia.