Russia to legalize crypto for international trade

[molsewid]

According to the congressional finance committee chairman, Anatoly Aksakov, It will only be used for International trades and not as a means of payment within the country. I still see it has Russian government still banning Bitcoin and other Crypto Currencies because not all their Citizens do international trade and since it can't be used for domestic transaction then it is useless. They are only concerned about western sanctions and not the interest of their Citizens.

That's too bad, they keep on banning crypto in their country despite of many countries use bitcoin and other alt for their needs. I just hope they can use crypto inside the country as well, it will not replace their own currency but rather it can help their economic stability. But who knows right? if they want to banned it fully it is possible for them.

[crunck]

There is no wonder, when you look at what they are going through, that sanctions are crippling their economy. So they will do whatever it takes to restore their economy and avoid dependence on the dollar. If they are not punished, then as you say, they will never accept crypto or legalize it. I don't know when the war is over, will continue or they will announce a ban on cryptocurrencies again.