@onealfa "**Damn... Is Putin the reason of today's BTC surge..."

onealfa in #leofinance • 19 days ago

Damn... Is Putin the reason of today's BTC surge?

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Russia's President Vladimir Putin said nobody has the power to ban bitcoin or other cryptocurrencies and that they will continue to develop, news agency RIA reported.
"Who can ban bitcoin? Nobody," Putin said at an investment conference in Moscow on Wednesday. "And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies and no matter what happens to the dollar, these tools wil develop one way or another because everyone will strive to reduce costs and increase reliability," he said.

Just last week, Putin signed a law classifying digital currencies as a form of property in foreign trade settlements under an experimental legal regime, taking a significant step in cryptocurrency regulation.

19 days ago in #leofinance by onealfa

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onealfa 19 days ago

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The action was part of the country's evolving strategy to circumvent Western sanctions that have hit the country's economy following its invasion of Ukraine. The sanction from countries including the U.S. have spurred Russia to legalize cross-border payments with cryptocurrencies, though they remain banned from being used as legal tender.
Russia has also been experimenting with a central bank digital currency (CBDC) which is expected to launch in July 2025. It's been testing a CBDC with 12 banks, expanding the trial to 9,000 people from 600 in September.

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falcon97 19 days ago

Yep. Just like what happened when Trump was announced president

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zoloffy 19 days ago

I think donald Trump and his comeback as American president was the major factor that triggered the pump in Bitcoin

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littymumma 19 days ago

If international settlement between countries and trade happen in BTC then who can stop Bitcoin. The grand daddy of decentralized finance is saying this.

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