Topic: Russia to invest into Bitcoins to mitigate US sanctions - Blockmanity - page 2. (Read 423 times)
January 09, 2019, 02:44:34 AM
It's not necessary for the Russians to start buying bitcoin in order to mitigate the effect of the US and her ally sanctions. The government of Russia has already come out to say "they will have to start making direct trade using the Ruble" this is to avoid the US dollars. Since the Russian currency has no major international dominance, I think this will a major complicating issues for the old power house of the former USSR. Russian is not going to bitcoin now.
January 09, 2019, 01:23:16 AM
a country is not going to buy bitcoin at this point that it is still small, maybe in a couple of years that the adoption grows bigger they do it but not at this point where it is still small.
and most definitely they wouldn't let anybody know about it if they do buy bitcoin. this is so far the imagination of one person who is theorycrafting here.
countries are creating their own altcoin based on bitcoin's technology.
and most definitely they wouldn't let anybody know about it if they do buy bitcoin. this is so far the imagination of one person who is theorycrafting here.
countries are creating their own altcoin based on bitcoin's technology.
January 08, 2019, 10:57:44 PM
Russia wouldn't be interested in buying bitcoins in any way. Besides, they haven't changed their stance with bitcoin since 2016, and no official press agency from the Russian government has stated about the said article. This isn't news but just gossip until official press releases from Moscow happens.
This is true, but unlike Iran, Russia still is doing good economically speaking, so bitcoin adoption is still out of the equation for our Russian brethren.
Adoption increased in Iran with their sanctions.
This is true, but unlike Iran, Russia still is doing good economically speaking, so bitcoin adoption is still out of the equation for our Russian brethren.
January 08, 2019, 09:29:40 PM
A professor in a University, with no ties to the Russian government is saying that Russia might start to buy bitcoin....
Totally legit.
Totally legit.
Yeah that sounds like crypto news
What sanctions can Russia avoid with bitcoins?
Adoption increased in Iran with their sanctions.
Russia would have been buying since 2016 if there were any truth to this though.
January 08, 2019, 08:58:04 PM
I don't think Russia is investing, rather Russia is planning to use BTC to override US Sanctions - some fool used on-line spinner and that "investing" thing came while spinning by bots.
January 08, 2019, 08:22:35 PM
It seems that in fact, Russia will invest up to 10 billion dollars in Bitcoins at the end of February.I think that if this information is public, many businessmen from Russia will also begin to invest and buy bitcoin.Logically, in the spring the price of bitcoin will be much higher than today.Now I would like to see the official announcement in some Russian program.I'm sure there will be a lot of hype surrounding this news.
I beg to disagree. Why would Russian invest into a crypto backup currency which will impose high taxes? Doesn't make sense at all, besides, Russia has been contradicting about their stance since 2017 so I don't think that they will just simply allow bitcoin to flourish as well.
Just think about the Petro by Maduro, initially they said that they have like $300 million (to mitigate US sanctions as well)as investment but later it was debunked and just a figment of his imagination.
January 08, 2019, 06:21:38 PM
It seems that in fact, Russia will invest up to 10 billion dollars in Bitcoins at the end of February.I think that if this information is public, many businessmen from Russia will also begin to invest and buy bitcoin.Logically, in the spring the price of bitcoin will be much higher than today.Now I would like to see the official announcement in some Russian program.I'm sure there will be a lot of hype surrounding this news.
January 08, 2019, 12:41:08 PM
A professor in a University, with no ties to the Russian government is saying that Russia might start to buy bitcoin....
Totally legit.
What sanctions can Russia avoid with bitcoins?
The countries that are dealing with Russia and don't care about sanctions can use the ruble or their national currency is not like the US can stop India for paying Russia in rupees.
Besides, Putin himself is not saying anything about de-dolarisation.
1) His own words: We aren't aiming to ditch the dollar. The dollar is ditching us.
2) Russia increases investment in US government bonds to $14.6 bln in October (from their own press agency)
Yeah right, that's why the only thing related to cryptos coming from Russia are ICO scams.
Totally legit.
What sanctions can Russia avoid with bitcoins?
The countries that are dealing with Russia and don't care about sanctions can use the ruble or their national currency is not like the US can stop India for paying Russia in rupees.
Besides, Putin himself is not saying anything about de-dolarisation.
1) His own words: We aren't aiming to ditch the dollar. The dollar is ditching us.
2) Russia increases investment in US government bonds to $14.6 bln in October (from their own press agency)
Russia investing in bitcoin is a good thing though am really not surprised as Russia is a country that is opened to technology without much sanctions as compared to US.
Yeah right, that's why the only thing related to cryptos coming from Russia are ICO scams.
January 08, 2019, 12:37:05 PM
Hello guys, I came across this new development today. I expected it to be published already here, but I could not find it.
--
Amidst various sanctions by the United States, Russia might buy Bitcoins in the Billions as a way to mitigate these sanctions.
According to Vladislav Ginko who is a lecturer at the Russian Presidential Academy of National Economy and Public Administration, the Russian government which sits on $466 Billion of reserves is planning to invest heavily into Bitcoin. He told Micky that he believes the government could start investing Billions in Bitcoin as early as next month which could potentially trigger a bull run.
Since 2012, the U.S has imposed over 60 rounds of sanctions against Kremlin, many of which do not have clear paths to get lifted. Sanctions are a way to achieve certain objectives (mostly political) in a nonviolent way, Russia certainly does not take this lightly and will try to mitigate these sanctions in any way possible.
Russia's Quest to Dethrone the US Dollar as a Reserve Currency
One of the effective ways to mitigate the sanctions is to navigate around the US Dollar. President Putin has been exploring alternatives to the US Dollar, he even said that the instability of doing business with the dollar is pushing the whole world to find alternative reserve currencies.
This is where Bitcoin could play a huge role, not necessarily in being a reserve currency at this point but serving as a hedge against other fiat systems and to diversify the portfolio.
Mr. Ginko says that the US Sanctions may be mitigated ?only through Bitcoin use? and that Russian elites are forced to move into Bitcoin by dumping US assets and the Dollar.
Read more
--
Amidst various sanctions by the United States, Russia might buy Bitcoins in the Billions as a way to mitigate these sanctions.
According to Vladislav Ginko who is a lecturer at the Russian Presidential Academy of National Economy and Public Administration, the Russian government which sits on $466 Billion of reserves is planning to invest heavily into Bitcoin. He told Micky that he believes the government could start investing Billions in Bitcoin as early as next month which could potentially trigger a bull run.
Since 2012, the U.S has imposed over 60 rounds of sanctions against Kremlin, many of which do not have clear paths to get lifted. Sanctions are a way to achieve certain objectives (mostly political) in a nonviolent way, Russia certainly does not take this lightly and will try to mitigate these sanctions in any way possible.
Russia's Quest to Dethrone the US Dollar as a Reserve Currency
One of the effective ways to mitigate the sanctions is to navigate around the US Dollar. President Putin has been exploring alternatives to the US Dollar, he even said that the instability of doing business with the dollar is pushing the whole world to find alternative reserve currencies.
This is where Bitcoin could play a huge role, not necessarily in being a reserve currency at this point but serving as a hedge against other fiat systems and to diversify the portfolio.
Mr. Ginko says that the US Sanctions may be mitigated ?only through Bitcoin use? and that Russian elites are forced to move into Bitcoin by dumping US assets and the Dollar.
Read more
i belive that
russian billionaires, are idiots, they are basically an elite sitting in the central bank, and trusting in the hard working russian population to continue sacrificing themselves for their hedonism.
they would invest into "bitcoin" even if its not good for them.
regards
January 08, 2019, 12:25:43 PM
Russia investing in bitcoin is a good thing though am really not surprised as Russia is a country that is opened to technology without much sanctions as compared to US.
January 08, 2019, 12:17:22 PM
Hello guys, I came across this new development today. I expected it to be published already here, but I could not find it.
--
Amidst various sanctions by the United States, Russia might buy Bitcoins in the Billions as a way to mitigate these sanctions.
According to Vladislav Ginko who is a lecturer at the Russian Presidential Academy of National Economy and Public Administration, the Russian government which sits on $466 Billion of reserves is planning to invest heavily into Bitcoin. He told Micky that he believes the government could start investing Billions in Bitcoin as early as next month which could potentially trigger a bull run.
Since 2012, the U.S has imposed over 60 rounds of sanctions against Kremlin, many of which do not have clear paths to get lifted. Sanctions are a way to achieve certain objectives (mostly political) in a nonviolent way, Russia certainly does not take this lightly and will try to mitigate these sanctions in any way possible.
Russia's Quest to Dethrone the US Dollar as a Reserve Currency
One of the effective ways to mitigate the sanctions is to navigate around the US Dollar. President Putin has been exploring alternatives to the US Dollar, he even said that the instability of doing business with the dollar is pushing the whole world to find alternative reserve currencies.
This is where Bitcoin could play a huge role, not necessarily in being a reserve currency at this point but serving as a hedge against other fiat systems and to diversify the portfolio.
Mr. Ginko says that the US Sanctions may be mitigated ?only through Bitcoin use? and that Russian elites are forced to move into Bitcoin by dumping US assets and the Dollar.
Read more
--
Amidst various sanctions by the United States, Russia might buy Bitcoins in the Billions as a way to mitigate these sanctions.
According to Vladislav Ginko who is a lecturer at the Russian Presidential Academy of National Economy and Public Administration, the Russian government which sits on $466 Billion of reserves is planning to invest heavily into Bitcoin. He told Micky that he believes the government could start investing Billions in Bitcoin as early as next month which could potentially trigger a bull run.
Since 2012, the U.S has imposed over 60 rounds of sanctions against Kremlin, many of which do not have clear paths to get lifted. Sanctions are a way to achieve certain objectives (mostly political) in a nonviolent way, Russia certainly does not take this lightly and will try to mitigate these sanctions in any way possible.
Russia's Quest to Dethrone the US Dollar as a Reserve Currency
One of the effective ways to mitigate the sanctions is to navigate around the US Dollar. President Putin has been exploring alternatives to the US Dollar, he even said that the instability of doing business with the dollar is pushing the whole world to find alternative reserve currencies.
This is where Bitcoin could play a huge role, not necessarily in being a reserve currency at this point but serving as a hedge against other fiat systems and to diversify the portfolio.
Mr. Ginko says that the US Sanctions may be mitigated ?only through Bitcoin use? and that Russian elites are forced to move into Bitcoin by dumping US assets and the Dollar.
Read more
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