“We are talking about a ban on transactions with bitcoins and other cryptocurrencies. Digital financial assets issued in Russian jurisdiction, digital rubles, will be allowed. The need for a ban is due to the fact that today cryptocurrency is a quasi-currency that replaces the ruble in the country. But only the Russian ruble fulfills the mission of a monetary unit, which is why this decision was made. From September 1, the ban will be introduced ,” he explained.
In terms of game theory, will this give the US more reason to embrace Bitcoin?
There will always be back channels. Its not like everyone in russia is on the straight and narrow lol
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Sure, but it may have consequences, at least short term ones.
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Everyone who wants to get their money out will. The ones who want to keep their btc will. Russian people dont care what their government tell them half the time!
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You missed the point. I meant geopolitical consequences.
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Bitcoin is bigger than russia. Whatever they pull out to sell, will be absorbed elsewhere. no worries.
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