Russia May Consider To Lift The Bitcoin Ban

Bitcoin, News

Earlier this year, Russia made it clear about Bitcoin by banning it. The reason behind this ban was simply because the Russia Government feared that the currency was not one they could control. 

A new jurisdiction appeared?

The Central Bank of Russia is organizing next week a meeting with some of the big financial markets representatives to talk about the future of Bitcoin in Russia. The Russian news Izvestia claim that the chances of legalizing the use of Bitcoin in Russia are strong.

A few reasons including the facts that Russia is actually under international sanctions and have a really limited access to the international system Swift would lead to the use of Bitcoin becoming a potential alternative.

In a country where every financial transactions are under a very strict watch, we could believe Bitcoin would be a very popular currency to use in term of privacy.

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