Russian President Putin: “No One Can Ban $BTC ”
At the “Russia Calling!” Investment Forum in Moscow, President Vladimir Putin addressed Bitcoin’s role as a means of payment. In his statement, he said “Who can ban Bitcoin? Nobody.” He added, “The use of other electronic means of payment—who can ban that? Nobody.”
This positive praise for Bitcoin is coming just a few weeks after Russia integrated cryptocurrencies into its financial system. On Nov 29, Putin signed a law recognizing digital assets, such as Bitcoin, as legal property. This new law allows Russians to use digital assets for foreign trade settlement.
Additionally, the Russian Federation Council approved a crypto tax bill, which treats Bitcoin and other digital currencies as property. The bill aims to regulate and tax cryptocurrency activities within Russia.
(Source: X, various cryptonews websites)