Russia gives in and considers accepting bitcoin exchange

[Botnake]

Better for them. If they banned Bitcoin it is not going to make the millions of people who are already Bitcoin investors there to stop buying and selling Bitcoin. People would still continue as long as they have started. I know a few where the government banned Bitcoin all of a sudden and people quickly decided that it was best for them to switch to peer-to-peer exchanges.

So, the government’s are just wasting their time with banning Bitcoin, because it never works. The smart ones would not ban Bitcoin, rather they would legalize it and welcome crypto companies and exchanges into their country, and use that as an opportunity to benefit from cryptocurrency.

Russia has already legalized bitcoin and its a good thing that those citizens will now have to operate not in a grey area anymore but in a very limitless scope. Since legalizing bitcoin simply means that the country is more open to bitcoin trading operations and crypto investors provided that all will follow the policies subjected to it. Not only that, people from neighboring countries will also have the chance to go in Russia so they can start trading without illegalities.

[stadus]

Better for them. If they banned Bitcoin it is not going to make the millions of people who are already Bitcoin investors there to stop buying and selling Bitcoin. People would still continue as long as they have started. I know a few where the government banned Bitcoin all of a sudden and people quickly decided that it was best for them to switch to peer-to-peer exchanges.

So, the government’s are just wasting their time with banning Bitcoin, because it never works. The smart ones would not ban Bitcoin, rather they would legalize it and welcome crypto companies and exchanges into their country, and use that as an opportunity to benefit from cryptocurrency.

What is important is that they have shifted already into a smart move now, and that to accept bitcoin exchanges that will open more opportunities for the country to be more developed. But i think this is not the focus of Russia right now as their government is still in war with Ukraine who happens to legalize bitcoin too after them. Well its hard for the citizens in Russia right now to withraw in fiat since their banks are also given sanctioned by US, so maybe this is the best time to shift their savings into bitcoin as they can transact it anytime and everywhere they want.

[Hypnosis00]

Better for them. If they banned Bitcoin it is not going to make the millions of people who are already Bitcoin investors there to stop buying and selling Bitcoin. People would still continue as long as they have started. I know a few where the government banned Bitcoin all of a sudden and people quickly decided that it was best for them to switch to peer-to-peer exchanges.

So, the government’s are just wasting their time with banning Bitcoin, because it never works. The smart ones would not ban Bitcoin, rather they would legalize it and welcome crypto companies and exchanges into their country, and use that as an opportunity to benefit from cryptocurrency.

What is important is that they have shifted already into a smart move now, and that to accept bitcoin exchanges that will open more opportunities for the country to be more developed. But i think this is not the focus of Russia right now as their government is still in war with Ukraine who happens to legalize bitcoin too after them. Well its hard for the citizens in Russia right now to withraw in fiat since their banks are also given sanctioned by US, so maybe this is the best time to shift their savings into bitcoin as they can transact it anytime and everywhere they want.

I guess they'll do what seems to be the best for their people. I'd find it not for personal interest but this seems to be a favorable decision by the majority. What happens to Russia in regards to legalizing is a way it helps to make this technology going better and stronger. I'd already visualized this thing before, developing countries will adopt crypto as it was proven that has great help to improve the economic life of individuals. Kinda they don't want to miss it seeing small countries are into it already.