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Russian Official Hints At Replacing US Dollar In Economy With Crypto

Russian Official Hints At Replacing US Dollar In Economy With Crypto



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  1. tldr; Russia’s Deputy Minister of Foreign Affairs Aleksandr Pankin has suggested that cryptocurrencies could be an alternative asset to the US dollar in the country’s economy. The move would require the government to rebuild established cooperation models between jurisdictions and businesses and create new mechanisms for new settlement systems, he said. Russia is looking to decrease its reliance on US dollar to avoid sanctions.

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

  2. Bitcoin, like the internet and the web, is primarily a product born of British/American/Australian collaboration, and is easily traceable if used as a currency.

    Moving to a traceable crypto like bitcoin would not help them much for as long as they continue that ‘strongman’ era anti dollar / anti west rhetoric, methinks.

    The world needs collaboration and good, kind people running the show now, more than ever. Not strongman nonsense.

    That said, Bitcoin certainly would help empower ordinary decent citizens on the ground there, just as we’re seeing in places like El Salvador.

  3. Lmao like the US would ever give up their dominant place in the worlds monetary system.

    You do not bet against America because they will pull some insane rapid shit last minute and rip your fucking face off.

    United States CryptoDollar (USCD) will back the USD. Can only buy USCD with USD. Everyone scrambles to get and burn USD to get USCD. The US now has the most valuable fiat and the most valuable crypto.

    LET THE PROPHECY BE KNOWN

What do you think?

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