Bitcoin popularity rising in Russia
Despite adversity the popularity of Bitcoin appears to be on the rise in Russia. With inflation plaguing the notoriously strict country it seems that investors and traders are looking to diversify their assets. A record price for Bitcoin in Russia was set earlier this year and continues to hover at high rates.
The rise in popularity for Bitcoin may in be part down to how difficult it is to move currency out of Russia, as well as demand for alternative financing tools from the average citizen. Russia has had somewhat of a mixed relationship with the currency, however, as it battles to hold up the sovereignty of the rouble.
The country, which is concerned about the implications of allowing cryptocurrency into its monetary system, has been prevaricating over a decision on whether to impose a blanket ban on Bitcoin altogether.
https://ibsintelligence.com/ibs-journal/ibs-news/bitcoin-popularity-rising-in-russia/
