Trade isn't done one way. Russia needs companies to accept Bitcoin as well.
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Putins inofficial stance is "Bitcoin for me but not for thee".
The explosive trade with Turkey, the -stan countries and south east asia tells you everything you need to know. Surely a lot gets funnled through China aswell. Trade along this massive land border REQUIRES Bitcoin because there is no alternative. And on the other hand Putin hates the idea of enabling his citizens.
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The legislation also [...] maintains the ban on cryptocurrency payments within Russia.
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If I was russian, I would try to get a job in the industry that drives trucks back and forth over the Russian-Kazakh border. Seems like the best place to get Bitcoin at all.
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What is the point of sanctions then, since Bitcoin is independent and not linked to Swift. It turns out that all sanctions were nipped in the bud.
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I saw this, but I feel like I have seen this several times before.
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Bitcoin and crypto working as it should be.
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Interesting take. But arent they doing well even with the sanctions?
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I think they have more money than bodies at this point I believe
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They can always hire. That is what money is good for.
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bitcoin working as it should be but expect some headwind because of this ... oh well, not that we mind ...