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Russian billionaire slams Central Bank’s crypto policy, says ‘Even El Salvador realizes the need for Bitcoin’

Russian billionaire slams Central Bank’s crypto policy, says ‘Even El Salvador realizes the need for Bitcoin



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18 Comments

  1. tldr; Russian billionaire Oleg Deripaska wants the Bank of Russia to embrace cryptocurrency. He cited El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. The country is now focusing on bitcoin mining using energy from volcanoes.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. yeah but El Salvador lives on remittances, so the need for crypto is obvious. Russia’s central bank has more at stake. Don’t get me wrong, I’m a crypto true believer, but i’m just pointing this out.

  3. >Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country.

    Russia, which has just disengaged from the U.S. dollar, would have enormous advantages in embracing the Bitcoin revolution.

    Overall, all countries wishing to protect themselves from the weaponization of the US dollar are candidates to adopt Bitcoin before others.

    It is a protection against a US dollar system that is totally unfair.

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