Bitcoin to be legal in Russia and Bitcoin Mining to be regulated

in #bitcoin7 years ago


imageSource: https://cointelegraph.com/news/bitcoin-will-be-legal-in-russia-mining-to-be-regulated

Russia will make Bitcoin legal and regulations will be coming in months.

I think we are swing many countries and politicians “eat their words” when it comes to Bitcoin. I think at the end of the day the countries must realize that by staying only with paper fiat just put the country and it’s citizens in a “less competitive” global environment for trade and commerce.

China and Russia are too closely linked to be saying “no” to Bitcoin. We are seeing many positive stories for Bitcoin and many negative stories for the US Petro Dollar.

Trading in the Chinese Petro Yuan (backed by gold) starts this weekend. It’s a slow process to countries and their move to de-Dollarization.

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