I prefer to live in a fantasy land where Russia is just trying to protect it's sovereignty.
Has always been so, even when yeltsin was selling it out, all in attempt to normalize with the world and reduce inflex from external powers.
But most of me feels this is wef demilitarizing the world for the next phase :P
The only cryptocurrencies people use for payments - especially internationally - are stablecoins, 99.99% of which are backed by dollars.
Banning crypto payments effectively stops Russian companies from transacting in dollars. Putin wants a strong ruble, and this helps keep the demand for rubles high - especially if the dollar starts losing value relative to the ruble (which would make the dollar "cheap" by comparison).
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On a side note: Crypto isn't the Boogeyman so many of you seem to think it is. The government's power is derived from its ability to control the flow of currency, and cryptocurrency is the first and only thing that poses a viable threat to their monopoly. Failure to adopt "good" crypto (i.e. decentralized, free from governmental manipulation, censorship resistant) makes it more likely that they'll successfully be able to impose "bad" crypto (i.e. CBDCs) on us in the near future.
Every country should do this. No sovereign should relinquish control of it's printing press to outsiders. Nothing is stopping you from exchanging crypto for Rubles.
You do know BRICS spurts global banking, Agenda 2030, vax control measures, etc? Why do retards here think because one side is bad they other must be BASED as freedums? All gov't want to advance it's control, stop falling for the two side paradigm.
This also forces others to use their currency within their country. They said crypto can see limited use for international trade as a way to get around sanctions etc at the moment. Read TASS etc
I prefer to live in a fantasy land where Russia is just trying to protect it's sovereignty. Has always been so, even when yeltsin was selling it out, all in attempt to normalize with the world and reduce inflex from external powers.
But most of me feels this is wef demilitarizing the world for the next phase :P
yea basically my exact reason for feeling this is all just a smoke show.
"You dont tell the person you're playing both sides!!"
He only banned payments.
The only cryptocurrencies people use for payments - especially internationally - are stablecoins, 99.99% of which are backed by dollars.
Banning crypto payments effectively stops Russian companies from transacting in dollars. Putin wants a strong ruble, and this helps keep the demand for rubles high - especially if the dollar starts losing value relative to the ruble (which would make the dollar "cheap" by comparison).
-- On a side note: Crypto isn't the Boogeyman so many of you seem to think it is. The government's power is derived from its ability to control the flow of currency, and cryptocurrency is the first and only thing that poses a viable threat to their monopoly. Failure to adopt "good" crypto (i.e. decentralized, free from governmental manipulation, censorship resistant) makes it more likely that they'll successfully be able to impose "bad" crypto (i.e. CBDCs) on us in the near future.
could be prepping for THEIR digital asset and payment...
Every country should do this. No sovereign should relinquish control of it's printing press to outsiders. Nothing is stopping you from exchanging crypto for Rubles.
I agree. That's why I, as a sovereign individual, refuse to relinquish control of monetary policy to governments and central banks.
You do know BRICS spurts global banking, Agenda 2030, vax control measures, etc? Why do retards here think because one side is bad they other must be BASED as freedums? All gov't want to advance it's control, stop falling for the two side paradigm.
This also forces others to use their currency within their country. They said crypto can see limited use for international trade as a way to get around sanctions etc at the moment. Read TASS etc