Summary: Russia’s President Putin gives his valuable and well expected opinion on Bitcoin. He said BTC is unstoppable and thinks that the current nations movement favors BTC. From mining legalization to adoption growth, Russia is slowly reshaping its digital asset narrative.
Bitcoin’s Glow-Up in Russia
At the World Trade Center in Moscow, Putin didn’t mince words: “Nobody can stop Bitcoin.” He’s doubling down on crypto’s future, pointing out how digital assets can streamline payments and cut business costs. Russia’s been busy too—legalizing mining and rolling out tax laws to classify crypto as property.
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Adoption Is Heating Up
Crypto’s getting real traction in Russia. A cool 10% of the population, or 14.6 million people, own digital currencies, with citizens holding $7 billion in assets on exchanges. Surveys show one in five Russians has interacted with crypto. Even with crypto payments banned, the government is mulling over using Bitcoin for international trade—big moves for a country that once side-eyed digital currencies.
Challenges on the Chain
But it’s not all smooth sailing. Russia’s central bank digital currency (CBDC) plan is hitting roadblocks, with delays likely stretching out over two years. Energy shortages could spark mining bans in certain areas, adding to the hurdles. Despite this, Putin’s bullish vibes make it clear: Bitcoin and digital assets are here to stay, and Russia’s game plan is evolving.
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