At the 15th "VTB Russia Calling" investment conference in Moscow, Russian President Vladimir Putin affirmed that Bitcoin and digital assets will continue to thrive despite attempts to ban them. He emphasized, "No one can ban Bitcoin, nor other digital assets."
Putin compared Bitcoin to early electronic payment methods, which also faced skepticism and prohibition. According to him, time will prove that these new technologies cannot be stopped. He also highlighted the "vitality" of these technologies, emphasizing that they will exist and develop despite all fluctuations of the US dollar (USD).
These statements come amid Russia's push to legalize cryptocurrency through a law recognizing digital assets, along with regulations on taxation. Previously, in August 2024, Putin signed legislation on crypto mining, and the Governor of the Central Bank of Russia also announced plans to implement an international payment system using crypto in the coming year.
Russia is urgently legalizing the use of crypto to avoid sanctions from the US and the West related to the conflict in Ukraine, which has put pressure on the national payment system.
