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Author Topic: Russian Central Bank Acknowledged Bitcoin as the most performing asset  (Read 846 times)
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June 08, 2025, 02:27:27 AM
 #81

All the countries that are doubtful of bitcoin will eventually come to realize the usefulness of bitcoin and acknowledge it, it's just matter of when.

Soon we will see more and more countries acknowledge it and even investing into mining farm. Plenty of country has been doing this and they are doing it very well.

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June 08, 2025, 03:08:10 AM
 #82



If anyone thinks that the Russian authorities have any problems with cross-border payments, they are mistaken. There is a wide variety of cross-border transfers even without the use of cryptocurrencies, so it is rather naive to assume that the Russian authorities use Bitcoin for cross-border payments. There are a huge number of companies and countries in the world that can help with any issues related to circumventing sanctions. A good example is Iran, which has been under sanctions for about 40 years and where you can buy almost anything.


This is true, Russia may have had some difficulties with cross-border payments as they have historically relied heavily on US and European transaction systems such as SWIFT or SEPA. But that doesn't mean they have no other way and just depend on bitcoin, they have no shortage of ways to do it.

The proof is that Russia has been under sanctions since the war broke out (2022), but it is only now that they have started experimenting with bitcoin and crypto. This shows that they have more than 1 solution and they are just testing each one to find the best one. The use of Bitcoin and crypto as payment methods is still in their experimental phase.

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June 08, 2025, 05:50:42 PM
 #83

From another angle, I think we can still consider it good news, because it just shows that the popularity of bitcoin cannot be stopped from being recognized
When Russia was isolated from the world in economic transactions, they were able to realize how much the decentralized currency Bitcoin is needed. Since then, I think they have been giving special importance to Bitcoin. This is one of the ways for everyone to be independent, not only in Russia but also around the world. Not only in the case of ordinary investors, the importance of Bitcoin is now at all levels. Bitcoin will definitely serve as a weapon to protect it from any attack at any time, from the individual level to the national level. I must thank the Russian banking authority for taking the right decision. Those who oppose Bitcoin will understand it even if it is late, but those who adopt it quickly will be able to benefit more.
Yes I believe that in this period where Russia has been banned in the global market from doing business with certain countries due to the sanctions that has received i believe that Bitcoin will have been one way that it has been able to be transacting with the rest of the world due to the fact that Bitcoin is decentralized so Russia must have catched in on this one very important quality of Bitcoin in their business especially when it comes to transborder transactions

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