^^
There are no capital controls in Russia. You can trade your ruble for dollars, no prob
Dollar is based on the same fundamentals as Rubble, so its only time when it gets to the same high inflation problems. Keeping wealth in fiat longterm is just stupid.
That's why people don't keep wealth in fiat long-term. They *invest* their money, or buy things they like. Duh.
What else you can do with the dollars in Russia than trying to save some wealth longterm and just hoping dollar will keep reasonably small inflation in meantime ?
Notice the "^^" in my post? Yeah, those mean I'm talking to the guy above me, who is saying that "They are trying to protect their own currency {Ruble}" and that "people can [not] flee the country with their capital and their wealth."
I'm telling him that yes, yes thwey can, they're free to turn their rubles into dollars and flee to any country that will take them.
We good?
As far as "What else you can do with the dollars in Russia"? What will they do with bitcoins (other than score shit crank and CP on DNM)?
... can this get quashed before it becomes law?
Of course it can. These proposals are meant to be a signal, a warning to the asshat companies with business models based on exploiting loopholes, a.k.a "doing bad shit against which no laws have been written yet." No one is trying to stop Ivan from buying (real) alpaca socks from Tibet with bitcoins. Why would anyone care?
