Russian President Vladimir Putin asserted only a year ago that no power can ban Bitcoin (CRYPTO: BTC) regardless of what happens to the dollar. While many saw it as a message to the West on international sanctions, the country has taken targeted steps to open its economy to the world’s largest cryptocurrency.
Bitcoin Will Continue To Grow, Said Putin
During an investment conference in Moscow on Dec. 4, 2024, Putin argued that the influence of the dollar on the global economy was waning, paving the way for the growth of other instruments.
“For instance – Bitcoin. Who can prohibit its use? No one,” Putin said. “Or the use of other electronic ways of settlement. No one can ban the use of them.”
Putin added that the new instruments would “continue developing” regardless of what happens to the dollar.
Full story available on Benzinga.com
