Is the Future of Cryptos in Russia?
Cryptos found new life after the election of Donald Trump but there were other countries that used cryptos to function as money and not as an investment.
Although a more typical case is that of El Salvador, Russia has used cryptos to be able to maintain its trade relations as it has been excluded from many tools of the global banking system such as the SWIFT system.
This situation is expected to become even more official as the Central Bank of Russia has moved forward with new legislative regulations that will concern the supervision of exchange rates made by digital means.
This will also include cryptos, so, as we see, Russia is making a great effort to put them in its own financial system.
Ultimately, cryptos may be a means of connecting with the rest of the world, when there are special situations……
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