Russia's official stance on digital assets remains clear—the ruble is the only legal domestic payment tool. The national financial regulatory authority recently reaffirmed this policy bottom line, emphasizing that cryptocurrencies like Bitcoin and Ethereum are considered investment assets within Russia and will never be officially recognized as circulating currency.
Legislative bodies and the central bank are aligned, working together to block any ideas for individuals and businesses to bypass payment restrictions. This is not a temporary policy—back in 2020, Russia officially banned the use of cryptocurrencies for payments and settlements domestically. This recent statement can be seen as a reaffirmation of the existing position, demonstrating the government's firm attitude on this issue.
Against the backdrop of increasing divergence in how countries worldwide regulate crypto assets, such policy declarations reflect different economic approaches to digital finance—some nations are exploring acceptance, while others adopt conservative strategies.
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MevWhisperer
· 9h ago
Russia is really serious this time; this move is genuine and not a temporary decision.
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MemeCurator
· 21h ago
Russia is still holding on to the ruble, truly incredible... The whole world is playing tricks, but it just won't give in
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SigmaBrain
· 12-17 01:11
Russia's move is really clever—sticking to the ruble while suppressing crypto payments... But on the other hand, can such a "firm stance" hold up? Over in China, they are already piloting CBDC.
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Fren_Not_Food
· 12-17 01:02
Russia is still stubbornly defending the ruble. Honestly, it's a bit stubborn. Meanwhile, other countries are all in on crypto, but they keep saying "never"... With that tone, I just don't believe in the word "never." Geopolitics is exactly like that.
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GasFeeVictim
· 12-17 00:55
Russia's mindset is really stubbornly sticking to the ruble.
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RetailTherapist
· 12-17 00:54
Russia's move is really ruthless, directly crushing the crypto dream in its cradle.
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GhostChainLoyalist
· 12-17 00:48
Russia is really sticking to the ruble, not giving the crypto industry a single chance.
Russia's official stance on digital assets remains clear—the ruble is the only legal domestic payment tool. The national financial regulatory authority recently reaffirmed this policy bottom line, emphasizing that cryptocurrencies like Bitcoin and Ethereum are considered investment assets within Russia and will never be officially recognized as circulating currency.
Legislative bodies and the central bank are aligned, working together to block any ideas for individuals and businesses to bypass payment restrictions. This is not a temporary policy—back in 2020, Russia officially banned the use of cryptocurrencies for payments and settlements domestically. This recent statement can be seen as a reaffirmation of the existing position, demonstrating the government's firm attitude on this issue.
Against the backdrop of increasing divergence in how countries worldwide regulate crypto assets, such policy declarations reflect different economic approaches to digital finance—some nations are exploring acceptance, while others adopt conservative strategies.