Today's nuclear-level news: Russia supports cryptocurrency trading and launches an exchange!
Please note that this exchange is launched by the Central Bank and the Ministry of Finance of Russia, which is even more significant than when Coinbase listed on Nasdaq, as it is promoted by the core government institutions of a major power. The major powers involved in cryptocurrency are not just the United States; the globalization of the cryptocurrency sector has taken an important step forward!
1. The details of this news include the following two points: First, priority is given to the wealthy, with a securities deposit of over 1.2 million USD or an annual income exceeding 600,000 from last year to participate. Second, Russian oil companies are currently using BTC and ETH for trade with China and India.
2. In March 2024, the total value of fossil fuels imported by China from Russia was 6.8 billion euros, of which crude oil accounted for 70%, approximately 3.8 billion euros, nearly 50 billion annually. In March 2024, the total value of fossil fuels imported by India from Russia was 4.4 billion euros, of which crude oil accounted for 80%, approximately 3.5 billion euros, totaling 42 billion annually.
Although the digital settlement figures for cryptocurrency are state secrets, the nearly 100 billion in annual oil trade means that if cryptocurrency accounts for 1%, that's 1 billion USD, and if it accounts for 10%, that's 10 billion.
3. In the United States, where cryptocurrency legislation is not yet fully developed, major world powers are already trading with Bitcoin and Ethereum, indirectly indicating that these two currencies are recognized as valuable currencies and assets by the major powers: the United States, China, Russia, and India.
4. Russia's previous attitude towards cryptocurrency was completely aligned with ours, mainly concerned about financial stability risks and capital outflows. However, after being economically sanctioned due to the Russia-Ukraine war, Russia can only explore cryptocurrency and use it as a tool for cross-border transactions. Meanwhile, Russia has abundant and inexpensive electricity resources, and the government is considering introducing specific regulatory rules for 'cryptocurrency mining' to incorporate it into the legal industry.
5. Whether it is Putin's recent response to Trump’s call for a ceasefire, which resulted in an immediate one-day ceasefire, or the U.S. Bitcoin strategic reserve after 50 days, the push by the Central Bank and Ministry of Finance of Russia for a cryptocurrency exchange indicates that this country has strong maneuverability and adaptability. The speed of a potential ceasefire between Russia and Ukraine may be unexpectedly quick, as Russia has mastered the survival strategy in turbulent times!
#加密货币总市值重回3万亿 #加密市场反弹 #俄乌停火 $BTC $ETH
April 24, 2025, 'Crypto 24' Issue 55
