That is a good way to surpass the sanctions isn’t it? Russia is somehow tackling the issues of financial sanctions from all over the world through their careful planning and process of making the Ruble stronger. This could also help their locals to do business at higher confidence since they have strong currency now.
Indeed genius move...
I wonder if your government would seize your Bitcoins, decide one is worth 10 000 dollars and convert 80% into some useless currency like a rupiah or a rial, would you still cheer this genius move that will help all their locals and their economy?
It doesn't matter how strong the ruble is on paper, in reality, nobody gives a damn about that, look at car prices in Russia every single one of them is two to three times more expensive as everyone knows that's not the real rate, it's the artificial methods of keeping a currency afloat that has driven a lot of people to bitcoin and you're here preaching about capital control and assets seizures?
I see a lot of talk about how badly Russia is doing, but I believe that it is not as bad as the Western media would have us believe.
Sanctions need time to bite, everyone was saying how sanctions don't work as Iran is doing...great
50% inflation, 80% in poverty, 20-30% drop in food purchases as they can't afford even carrots. Wait for it, it will be worse than the crash the USSR went through.
