Russian head of the committee on Energy about selling oil and gas in Bitcoin

[Maestro75]

Yes, for those that care about the surge in the price of Bitcoin this is good news

Is there anyone who is not happy that bitcoin continues to surge in price? Everyone will be guilty of this if a poll is conducted on this. In less than 48 hours, that news has touched on bitcoin as we can observe that price is looking good now. Maybe it will hit $50,000 in coming days. However how only five countries supported Russia while majority abstained out of fear of what the US may do to them shows how the fear of the US has gripped alot of countries. Many countries are scared of the US sanctions.

[1715503738]

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[Franctoshi]

This is good news for Bitcoin, gradually from where we are right now more and more things will gradually start to unfold , will say that all this are planed out , it's part of the new world order to move everyone from the old financial system (fiat) and into digital money system (Blockchain technology) like Bitcoin and also to the actualization of the Fourth industrial revolution.

[Flexystar]

There’s an ongoing trending topic on tweeter about the video interview of RF head committee on Energy that they are considering assets like Bitcoin as payment for there oil and gas. The video is in Russian Language and still needs to be verify by Russian native speaker. This news maybe ignite the recent fluctuations on Bitcoin right now.

Anyone here can verify and translate the content of the video on source link: https://mobile.twitter.com/BitcoinComfy/status/1506982883076063236?s=20&t=wOZOKzpCqJ9SjG_J64-oaQ

I am not wondering about if they are going to accept the bitcoin as payment or not but I would be very happy if they keep floating such news and our beloved bitcoin keeps rising on one side. It would be so fantastic to see we making huge profits just because of this cool news getting pumped in the social media.

The war though have proven positive news on one side, that is Ukraines decision to move assets to the crypto space for time being. So that already getting us somewhere for sure. I am loving the fact that Russian are also doing same because they are all locked up due to economic sanctions imposed on them.

Im sad that war is happening but I am very happy that bitcoin is getting a direction towards peak.

[darkangel11]

This is good news for Bitcoin, gradually from where we are right now more and more things will gradually start to unfold , will say that all this are planed out , it's part of the new world order to move everyone from the old financial system (fiat) and into digital money system (Blockchain technology) like Bitcoin and also to the actualization of the Fourth industrial revolution.

It's good because it starts a conversation and is covered in the media so more people will be interested in bitcoin but it's not good if bitcoin is used to finance Russia's war machine. Many people will attack bitcoin for being a tool that helps Russia to avoid sanctions and keep killing people in Ukraine. Do we really need such bad public image? Will coins that were used by Russians ever tainted? What if exchanges stop accepting coins that were used to buy resources from Russia? We already know that some exchanges block Russians from using their services.

[suzanne5223]

Yes, for those that care about the surge in the price of Bitcoin this is good news

Is there anyone who is not happy that bitcoin continues to surge in price? Everyone will be guilty of this if a poll is conducted on this. In less than 48 hours, that news has touched on bitcoin as we can observe that price is looking good now. Maybe it will hit $50,000 in coming days. However how only five countries supported Russia while majority abstained out of fear of what the US may do to them shows how the fear of the US has gripped alot of countries. Many countries are scared of the US sanctions.

No one will not be happy to see her investment surging in price but we also need to put into consideration the possible result that will also come with the decision of the Russian government.
Yes, if a poll is conducted for it everyone will be guilty cause making a profit is good but everything that has an advantage will also have disadvantages. Meanwhile, it is good now that the number of US senators that see the positive thing in Bitcoin is increasing.

[farwellbit]

Till the video is not verified this will remain as a rumor for now but some of us expects this already because other payment methods are banned in Russia due to sanctions and their last resort now are bitcoin but sanctions have also affected their ability to export or import good from other countries except china so the question is how can they sell oil and gas? Are they booking their clients in advance? And they will accept the pay in bitcoins but they will delay the delivery of the goods till the sanctions have ended?

I think that sounds possible but I am the only one that think of it? Or they have thought of this trick already? Let's wait for a few updates.

[Argoo]

Till the video is not verified this will remain as a rumor for now but some of us expects this already because other payment methods are banned in Russia due to sanctions and their last resort now are bitcoin but sanctions have also affected their ability to export or import good from other countries except china so the question is how can they sell oil and gas? Are they booking their clients in advance? And they will accept the pay in bitcoins but they will delay the delivery of the goods till the sanctions have ended?

I think that sounds possible but I am the only one that think of it? Or they have thought of this trick already? Let's wait for a few updates.

If the sanctions were only imposed on the Russian banking sector, then the cryptocurrency would really help them avoid these sanctions. But sanctions are simultaneously imposed on the export or import of certain groups of goods. On the scale of the whole of Russia, their demand in terms of volumes is very large, and such volumes of supplies cannot be hidden from the international community. Cryptocurrency can help circumvent sanctions at the individual level, but at the state level it is much more difficult.
It was reported that oil tankers from Russia try to turn off the navigation system after leaving the sea so that they cannot be tracked, but anyway, after arriving at any port in the world, this immediately becomes known. Anyone who ordered a sanctioned product is himself at risk of being sanctioned.

[coolcoinz]

and if we know that only 5 countries supported Russia in what it is currently doing, and 35 were not for or against - then we need to ask ourselves who will pay for oil and gas with Bitcoin?

It was even 4 countries because Belarus is technically Russia under a different name. The president is a dictator who doesn't say no to Putin and who allowed Russian forces to attack Ukraine from Belarus and launch missiles from its territory. Russia even stated that if NATO countries allow Ukrainians to use its airfields to attack Russian forces it will be an act of war, but when Russians use Belarusian airfields to bomb Ukraine it surprisingly isn't an act of war from Belarus. Russian double standards at its finest.

India could buy Russian oil and gas, but India is also the country that hated bitcoin since some of the MPs were caught taking bribes in cryptocurrency. I doubt India will use Bitcoin for any official deal.

[Ozero]

This is good news for Bitcoin, gradually from where we are right now more and more things will gradually start to unfold , will say that all this are planed out , it's part of the new world order to move everyone from the old financial system (fiat) and into digital money system (Blockchain technology) like Bitcoin and also to the actualization of the Fourth industrial revolution.

It's good because it starts a conversation and is covered in the media so more people will be interested in bitcoin but it's not good if bitcoin is used to finance Russia's war machine. Many people will attack bitcoin for being a tool that helps Russia to avoid sanctions and keep killing people in Ukraine. Do we really need such bad public image? Will coins that were used by Russians ever tainted? What if exchanges stop accepting coins that were used to buy resources from Russia? We already know that some exchanges block Russians from using their services.

The Russian Central Bank has already denied the information that Russia can use bitcoin or another cryptocurrency to circumvent the sanctions imposed on Russia. This was explained by the fact that the international community is taking appropriate measures against this possible step by Russia through further regulation of cryptocurrency and cryptocurrency exchanges.
Of course, this is the official position of the Central Bank of Russia. Unofficially, they may still try to do so. But it is unlikely that the use of cryptocurrency in this case will be regular and in large volumes.

[xdaniel133]

There’s an ongoing trending topic on tweeter about the video interview of RF head committee on Energy that they are considering assets like Bitcoin as payment for there oil and gas. The video is in Russian Language and still needs to be verify by Russian native speaker. This news maybe ignite the recent fluctuations on Bitcoin right now.

Anyone here can verify and translate the content of the video on source link: https://mobile.twitter.com/BitcoinComfy/status/1506982883076063236?s=20&t=wOZOKzpCqJ9SjG_J64-oaQ

I don't think that will happen anytime soon. At least not for now with this volatility.

[Flexystar]

Won’t be much useful considering the current situation of Russia and how they behaved against NATO and US. They are the prime customers of fuel from Russia and almost these  are the developed countries who are more into bitcoin rather than rest of the world. Remaining countries are mostly Asian and African and I highly doubt there are as many countries who are willing to trade in terms of bitcoin.

It’s simple, Russia can not force them to pay in bitcoin, most of the countries do not want bitcoin trade, third Russia has very limited options like that.

[bitterguy28]

There’s an ongoing trending topic on tweeter about the video interview of RF head committee on Energy that they are considering assets like Bitcoin as payment for there oil and gas. The video is in Russian Language and still needs to be verify by Russian native speaker. This news maybe ignite the recent fluctuations on Bitcoin right now.

Anyone here can verify and translate the content of the video on source link: https://mobile.twitter.com/BitcoinComfy/status/1506982883076063236?s=20&t=wOZOKzpCqJ9SjG_J64-oaQ

They are considering yet no assurance as of now , But this is a Good initiative and will bring favor to all Bitcoin users so Hope this will take place now as Oil  is really increasing its value nowadays..
I was wondering why or how this is still on the table when Russian Government had already mentioned about bitcoin acceptance even before the war starts?

This is wonderful news and steps taken by the Russians. Since the UK government has given them the strict sanction of not making deals with any country, their economy has been bad ever since. Russians accepting bitcoin as a mode of payment is a fantastic idea, they can now trade their oil and gas anonymously with countries without being traced.

Bitcoin ascending to $85k is possible this year.

But remember that also Ukraine is accepting bitcoin near there will be a conflict of interest if this both happens.

[husdemba]

Thanks to news like this, the Bitcoin bull is about to come. This news hasn't had much impact on Bitcoin, but if it's true, it will be great for Bitcoin.
If this war continues, Russia may take radical decisions in the field of economy. Bitcoin will definitely have a place among these radical decisions 

[TheNineClub]

There’s an ongoing trending topic on tweeter about the video interview of RF head committee on Energy that they are considering assets like Bitcoin as payment for there oil and gas. The video is in Russian Language and still needs to be verify by Russian native speaker. This news maybe ignite the recent fluctuations on Bitcoin right now.

Anyone here can verify and translate the content of the video on source link: https://mobile.twitter.com/BitcoinComfy/status/1506982883076063236?s=20&t=wOZOKzpCqJ9SjG_J64-oaQ

Ok, this might happen, but...what real impact does that make on anything? Will it drive up the prices of BTC? Maybe, but we are in a phase where we might start seeing upward trends of crypto movement so I doubt that would be the only factor? Would it help Russia bypass sanctions? No. There is no way to easily bypass 12bn $ of fossil fuels that Europe imported on a monthly basis before the war. That would be like spiting on a gunshot wound to the head thinking it would heal.

[Argoo]

Thanks to news like this, the Bitcoin bull is about to come. This news hasn't had much impact on Bitcoin, but if it's true, it will be great for Bitcoin.
If this war continues, Russia may take radical decisions in the field of economy. Bitcoin will definitely have a place among these radical decisions 

In Russia, statements of this kind are periodically made, but in practice, in the end, it is done quite the opposite. Now this country has one of the worst crypto-currency laws and I don't see that it can really change for the better.
Now the situation is much worse there. The Putin regime is taking every measure to slow down the impact of sanctions for military aggression against Ukraine. Including everything is being done to prevent the leakage of currency abroad. And the free-floating cryptocurrency will contribute to its uncontrolled export. Therefore, the tightening of its circulation is possible, but not its acceptance on a national scale. And the cryptocurrency will not save Russia from sanctions anyway. There has already been a corresponding statement from the Central Bank of Russia about this.

[fzkto]

Thanks to news like this, the Bitcoin bull is about to come. This news hasn't had much impact on Bitcoin, but if it's true, it will be great for Bitcoin.
If this war continues, Russia may take radical decisions in the field of economy. Bitcoin will definitely have a place among these radical decisions 

In Russia, statements of this kind are periodically made, but in practice, in the end, it is done quite the opposite. Now this country has one of the worst crypto-currency laws and I don't see that it can really change for the better.
Now the situation is much worse there. The Putin regime is taking every measure to slow down the impact of sanctions for military aggression against Ukraine. Including everything is being done to prevent the leakage of currency abroad. And the free-floating cryptocurrency will contribute to its uncontrolled export. Therefore, the tightening of its circulation is possible, but not its acceptance on a national scale. And the cryptocurrency will not save Russia from sanctions anyway. There has already been a corresponding statement from the Central Bank of Russia about this.

So far, cryptocurrency has no official status in Russia. The central bank's idea of an illegal status for cryptocurrency has been rejected, so there is no suggestion yet that it will be illegal. Regarding energy payments, Russia is now trying to force Europe to pay for gas in Russian rubles by threatening to cut off supplies. Therefore, bitcoin payments are out of the question and are unlikely to happen.

[sklopan]

Are they selling for bitcoins? For some reason it seems to me that they want to sell for rubles, but no one likes this idea.

[Argoo]

Thanks to news like this, the Bitcoin bull is about to come. This news hasn't had much impact on Bitcoin, but if it's true, it will be great for Bitcoin.
If this war continues, Russia may take radical decisions in the field of economy. Bitcoin will definitely have a place among these radical decisions 

In Russia, statements of this kind are periodically made, but in practice, in the end, it is done quite the opposite. Now this country has one of the worst crypto-currency laws and I don't see that it can really change for the better.
Now the situation is much worse there. The Putin regime is taking every measure to slow down the impact of sanctions for military aggression against Ukraine. Including everything is being done to prevent the leakage of currency abroad. And the free-floating cryptocurrency will contribute to its uncontrolled export. Therefore, the tightening of its circulation is possible, but not its acceptance on a national scale. And the cryptocurrency will not save Russia from sanctions anyway. There has already been a corresponding statement from the Central Bank of Russia about this.

So far, cryptocurrency has no official status in Russia. The central bank's idea of an illegal status for cryptocurrency has been rejected, so there is no suggestion yet that it will be illegal. Regarding energy payments, Russia is now trying to force Europe to pay for gas in Russian rubles by threatening to cut off supplies. Therefore, bitcoin payments are out of the question and are unlikely to happen.

Russia's blackmail against European countries with the help of oil and gas naturally turns against Russia itself. Today, the media reported that Europe has finally agreed on the adoption of the sixth package of sanctions against Russia, which relate to its oil. Since Hungary opposed such sanctions, this country will not participate in them. The rest of the countries of Europe have pledged to permanently stop the supply of oil and gas from Russia as soon as possible. However, while the import of oil to Europe by sea transport is being stopped, within 6-8 months they will also refuse oil through pipelines. Only Bulgaria made an exception until mid or late 2024.
Europe does not want to pay bloody Russia with any money. There are already 62 tankers with Russian oil in the sea, which no one wants to buy. Let's see how events will unfold further.

[Next-door]

Good news
Russia open to the use of bitcoin and crypto for international payments - Senior Central Bank official

[Sayeds56]

Good news
Russia open to the use of bitcoin and crypto for international payments - Senior Central Bank official

It will certainly benefit Russian economy  if they accept Bitcoin because they are feeling the impact of hard sanctions but their main partner is China and crypto currencies are banned there so how will it work out. The 2nd issue is volatility of Bitcoin price which is a main hurdle in my opinion to use Bitcoin as method of payment and won't be easy to manage.