Though it is uncertain if crypto currency will be allowed internally in Russia, there are hopes of changes to the law allowing for crypto currency exchange internationally. This is interesting, as just recently the West placed multiple tax-like sanctions on Russia. This is to cripple Russia’s economic system and force them to end the war. Due to crypto currency being decentralized, such sanctions do not apply to them if crypto currency is used as the means of exchange internationally. Again, cryptocurrency exchange rates are relatively low compared to other inconvenient means. This is good news as the value of crypto currency is being taken into account. The lawmakers hope to get the bill signed into law; if so, then Russia can trade internationally with no restrictions, no sanctions, and very few charges. This change in the next couple of years will allow for crypto currency to be used internally despite security concerns. The fact that crypto currency is decentralized and uses block chains should be enough to throw those concerns out of the window. The world around us is evolving, and we humans should enjoy it and put an end to the wars and fights; otherwise, we might not be here to enjoy it for long.
Source: Viewers Corner News