Russia legalizes Bitcoin and cryptocurrency mining

Comments

• Hirom@beehaw.org ⁨9⁩ ⁨months⁩ ago

  Bitcoin finds a new use! Helping Russia finance its war of agression against Ukraine.

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• jarfil@beehaw.org ⁨9⁩ ⁨months⁩ ago

  Dedollarization has been tried before: Saddam did it, Gaddafi did it, now Putin wants to join the club?

  Wonder if the pattern will repeat 🤔

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  • tardigrada@beehaw.org ⁨9⁩ ⁨months⁩ ago

    This has nothing to do with dedollarization imho but rather with circumventing sanctions. China has been refusing to use Swift over fear of Western sanctions. Now China and Russia might even use barter trades at larger scale by the end of this year.

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    • lemmyvore@feddit.nl ⁨9⁩ ⁨months⁩ ago

      Trading is trading and they’d be risking sanctions whether they take payment with Swift or Bitcoin.

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  • LobYonder@monero.town ⁨9⁩ ⁨months⁩ ago

    US hegemony is over. Get used to it.

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    • HK65@sopuli.xyz ⁨9⁩ ⁨months⁩ ago

      I can’t tell if you are sarcastic

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• gratux@lemmy.blahaj.zone ⁨9⁩ ⁨months⁩ ago

  it was forbidden before?

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  • sonori@beehaw.org ⁨9⁩ ⁨months⁩ ago

    They banned it after it kept driving up energy prices.

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    • DdCno1@beehaw.org ⁨9⁩ ⁨months⁩ ago

      I wonder how quickly they reverse this decision if Ukraine manages to reach a certain nuclear power plant in a certain formerly Russian-controlled territory.

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