Russian President Vladimir Putin did not hesitate to acknowledge the value of the cryptocurrency but at the same time ruled out if its highly volatile assets could be used for oil trading.
He explained in an interview that cryptocurrencies have the right to be in the market and can be used as payment.
The allegation of this figure is somewhat surprising as the Russian central bank has issued a number of warnings to crypto investors related to the risks of investing in the category of virtual assets.
Putin also described the instability in the value of crypto assets as making it impossible for them to trade in oil, including other sources of energy:
“It is too early to discuss this matter. It is very unstable. ”
Russia seems to be moving in a different direction, not planning to block the crypto sector as China did. Meanwhile, the United States (US) wants to impose strict policies and legislation.
Since the U.S. blocked in 2014, Russia has been trying to find alternatives to trading in dollars.
Perhaps through Putin’s decision, the country can ‘get out’ of the crisis it faces by using Bitcoin (BTC) or other crypto assets as Iran has done before.