Rajarshi Mitra
Independent Analyst
- Russian President Vladimir Putin recently negated the possibility of a Russian national cryptocurrency.
- He said that no country can have its own cryptocurrency as they ought to operate without national borders.
In a recent interview, Russian President Vladimir Putin said that countries cannot have their own cryptocurrencies as they ought to operate beyond national borders. He said this in response when asked if there is a possibility of a Russian National cryptocurrency. Discussing Russia’s legal status on crypto, Wikipedia’s official page reads:
As of November 2016, bitcoins are “not illegal” according to the Federal Tax Service of Russia.[49] Deputy Finance Minister of the Russian Federation Alexei Moiseev said in September 2017 it’s “probably illegal” to accept cryptocurrency payments.[50] However, bitcoin market sites are blocked, and court decisions state that bitcoin is a currency surrogate which is outlawed in the territory of the Russian Federation.
Changpeng Zhao, the CEO of Binance, took twitter to appreciate Putin’s understanding of the subject. Given that the majority of the world leaders are leaning more towards a CBDC than towards a global digital currency, president Putin’s remarks are refreshing and may lead to a new rise in Bitcoin prices.
I have seen very few other leaders with this level of understanding so far.
Most others are still at the level of, how do we issue a version we can control? Misses the point. -@cz_binance
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple wipes out weekly gains, experts comment on role of Ripple stablecoin
Ripple declined to $0.52 on Thursday, erasing all gains registered earlier this week. Ripple SVP Eric van Miltenburg’s comments on the firm’s stablecoin, and how it is expected to benefit the XRP Ledger and native token XRP have raised concerns among crypto experts.
Hedera HBAR slips nearly 10% after air is cleared on mistaken link with giant BlackRock
HBAR price is down nearly 10% on Thursday, partly erasing gains inspired by the misinterpreted link with BlackRock. Despite the recent correction, Hedera’s price is up 44% in the past seven days.
The reason behind Bonk’s 105% rise and if you should buy now Premium
Bonk price has shot up 105% in the past five weeks. A retracement into $0.0000216 or the $0.0000152 to $0.0000186 imbalance would be a good buying opportunity. Patient investors can expect double-digit gains from BONK that could extend up to 70%.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?