Bank of Russia proposes complete Crypto ban, Russian finance ministry rejects the call


"By establishing the rules of circulation and providing for control measures, it is possible to minimize the threat to the stability of the financial system and reduce the use of cryptocurrencies for illegal purposes"

Basically saying the desire to fight crime and other illicit activities can also be accomplished by regulating Crypto, so why completely ban it? Now what these regulations will be exactly is what will be worth paying attention to and if certain privacy coins will be targeted regardless, but so far it seems Russia is basically leaning towards making Crypto completely legal but monitored. A prospect that would make the proposed Binance cooperation possible.

It wasn't just the ministry of finance that disagreed with the bank's call to completely ban Crypto, the Russian police, parliament and even FSB (counter-intelligence service) all rejected the idea, basically acknowledging it would be next to impossible. Yes the power of Crypto shows itself yet again, and no that doesn't apply to any of those already hacked Alts. Don't get it twisted, if governments could collapse Cryptos they would, they just realize they have to learn to live with it. Unless of course they take it to the extreme and go around actually fining or maybe even jailing people for having a few Ravencoins🦜

 

In other news: El Salvador downgrades Moody to B!tchy😂

 

And some other news regarding a previous post, Binance seems to be on the verge of getting around the Sepa/Euro deposit suspensions on their site by teaming up with Paysafe. A now non-EU based payment institution, processing Euro payments. Well played Binance, well played😉

As for the good ol' centralized exchange fludging up my XLM deposit, still no XLM nor update unfortunately😠🤬

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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