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The Central Bank in Russia actually seek that cryptocurrency should be traded on the floor of the stock exchange of the country.The war in Russia has actually made this country to venture into cryptocurrency proper. The war has actually made them to know the advantages that is embedded in cryptocurrency adoption. This is very good because when all the financial institutions of world or the European financial institution turned their back on Russia by laying sanctions on their financial system, they were able to get funds from outside source via the cryptocurrency and that is why they knew that the cryptocurrency is worth adopting.
Initially, Russia planned to ban cryptocurrency in the country before the war but during the war they noticed that this particular Digital currency would be very beneficial and it was instrumental to receiving funds from external sources.
That was the only gimmicks or the only way out of the financial incapability that they had during the war. They were able to boycott the financial sanctions by European Union using the cryptocurrency. There are quite a number of countries that have adopted cryptocurrency when they saw the advantages in it. The Central African Republic recently announced that it has passed into law the use of Bitcoin as a legal tender.
Initially, Russia planned to ban cryptocurrency in the country before the war but during the war they noticed that this particular Digital currency would be very beneficial and it was instrumental to receiving funds from external sources.
That was the only gimmicks or the only way out of the financial incapability that they had during the war. They were able to boycott the financial sanctions by European Union using the cryptocurrency. There are quite a number of countries that have adopted cryptocurrency when they saw the advantages in it. The Central African Republic recently announced that it has passed into law the use of Bitcoin as a legal tender.