Mlion's friends, have you heard? Russian President Putin publicly stated at the investment forum that the development of Bitcoin and other cryptocurrencies is unstoppable, and no one can ban it! Doesn't this news instantly lift your spirits? Come, come, let's see what exactly is going on!
Imagine this, Emperor Putin stands at the investment forum in Moscow, facing numerous financial tycoons, and emphatically declares: 'Bitcoin, who can ban it? No one can ban it!' Isn't this powerful statement making you feel pumped up? 🔥
Putin's statement is not without reason. As Russia's foreign exchange reserves are gradually frozen by Western countries, Russia is actively turning to digital asset reserves, seeking new ways to break through economic blockades. Putin stated that cryptocurrencies like Bitcoin may serve as better alternatives for foreign exchange reserves, as these are all new technologies that will continue to evolve in some way, regardless of what happens to the dollar.
Even more explosive is that Putin signed a new law last week, officially classifying digital currency as a form of 'property' that can be used for foreign trade settlements! This marks that Russia is accelerating its embrace of digital assets while combating Western sanctions. It seems that Russia is determined to fight to the end with cryptocurrencies!
Moreover, Russia is actively promoting the development of Central Bank Digital Currency (CBDC). It is reported that the 'digital ruble' is expected to be officially launched in July 2025, and large-scale testing is currently underway. It seems that Russia is aiming to build its own digital currency system, saying goodbye to the dollar system!
At this point, Mlion must mention that Putin's statement not only affirms cryptocurrencies but also questions the traditional foreign exchange reserve system. He bluntly stated: 'Since reserves can be so easily frozen, why accumulate them?' This statement directly hits the pain point of Russia under Western sanctions and reveals the new role of cryptocurrencies in the global financial system.
So, in light of Putin's statement and Russia's new cryptocurrency policy, how should we view this? Mlion believes this is both an opportunity and a challenge. On the one hand, cryptocurrencies provide new economic responses for countries like Russia that are under Western sanctions; on the other hand, it also exacerbates the complexity and uncertainty of the global financial system. After all, seeing those who once scoffed at cryptocurrencies now starting to change their attitudes, Mlion feels that their efforts have not been in vain!
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The above content is for informational sharing only and does not constitute any investment advice! Investing carries risks; please proceed with caution!
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