Russian President Vladimir Putin Affirms: No One Can Ban Bitcoin

On December 4, 2024, Russian President Vladimir Putin affirmed that Bitcoin and digital assets will continue to grow strongly in the future.

Russian President Vladimir Putin No One Can Ban Bitcoin

Yesterday, at the 15th VTB Capital Investment Forum “Russia Calling” held in Moscow, President Vladimir Putin shared significant insights about the future of digital financial technologies, particularly Bitcoin. His statements reflect a notable shift in Russia’s approach to cryptocurrencies.

Who can Prohibit Bitcoin? No one!

This strong declaration by President Putin underscores an acknowledgment of the irreversible nature of blockchain technology. He emphasized that electronic payment methods will continue to develop as they meet fundamental human needs for cost optimization and enhanced transaction reliability.

https://x.com/SputnikInt/status/1864310849118118047
https://x.com/SputnikInt/status/1864310849118118047

These remarks go beyond merely recognizing technological trends—they highlight Russia’s broader financial strategy. Recently, Moscow has taken concrete steps to integrate digital currencies into its national financial system. For instance, President Putin signed a law officially recognizing digital currencies as legal assets for international transactions while exempting cryptocurrency mining and trading from VAT.

Amid ongoing Western sanctions, Russia views the promotion of cryptocurrency usage as a strategic measure to reduce reliance on the US dollar and the traditional financial system. Notably, after China imposed stricter regulations on cryptocurrency mining, Russia seized the opportunity to position itself as a key global hub for cryptocurrency mining.

Related: 10 Crypto Policies Promised by Trump After Election

It is evident that Russia perceives Bitcoin and other digital currencies not just as a wave of financial technological innovation but also as a strategic tool to enhance national financial sovereignty.

This is an irreversible trend.

President Putin’s statement reflects Russia’s commitment to harnessing the potential of new financial technologies, despite possible challenges that may arise in the future.

These moves by Russia hold significance not only for its domestic economy but also for the broader global financial landscape, especially as the world experiences a major shift in financial technology and geopolitical dynamics.

(5 votes)

4.2/5

(5 votes)

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533