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Russian President Vladimir Putin spoke to Bloomberg about Bitcoin and cryptocurrencies at the Russia Calling event held today.
Vladimir Putin:
“Bitcoin and digital assets will continue to develop. No one can stop or ban Bitcoin.”
Experts state that Russian President’s statements on Bitcoin and cryptocurrencies indicate an acknowledgment of the growing importance of these digital assets in the global financial system. This development could shift Russia’s approach to cryptocurrency regulations and adoption strategies, potentially impacting a broader market.
Last week, Russia, facing financial difficulties due to Western sanctions, took an important step by approving a law regulating the use of Bitcoin and cryptocurrencies in international trade.
Vladimir Putin stated that Bitcoin and digital assets will continue to develop and grow. With the U.S. implementing crypto-friendly strategies, will Russia, its long-time rival, take similar steps in this direction? For now, it seems that Russia might be poised to enter into competition in this field.
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