‚Starting September 1, #Russia will enforce a strict ban on the general circulation of crypto assets such as Bitcoin.
Only digital financial assets issued within its jurisdiction will be allowed.‘
Discussion
Um tiro no próprio pé… burros!
Dictatorships are afraid of Bitcoin. Them controlling the oppressed people's wealth is and constantly stealing from them via inflation is a key component of their power.
Tacitly admitting that the ruble is declining.
also a deflection of culpability
Ruble is doing fine. Better than Nabulina expected. Putin has signed a decree for digitalisation of economy months ago. Authority in Russia just want to control everything as usual. Russians will try to bend the law as usual. Let's see what happens...
Also this news tell us that digitalisation will be ready in September.
All and all there's much more resistance in the decaying west against states than in Asia. On btcmap you find almost no one in Russia, Japan and China.
The Russians can barely feed themselves outside of a few cities. Not expecting success.