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Russian President Vladimir Putin spoke about Bitcoin and cryptocurrencies. Speaking to Bloomberg at the Russia Calling event today, Putin said
” Bitcoin and digital assets will continue to evolve.
“Nobody can block or ban Bitcoin.”
The Russian president’s comments and acceptance of Bitcoin and cryptocurrencies show that he acknowledges their growing importance in the global financial landscape, experts say. This development could impact Russia’s approach to cryptocurrency regulation and adoption, potentially affecting the broader market.
As you may recall, Putin approved a law last week regarding the use of Bitcoin and cryptocurrencies in international trade for Russia, which is in a financially difficult situation due to Western sanctions.
*This is not investment advice.