Determined to compete with Trump for business? Russian President Putin: No one can ban BTC!

Putin strongly supports Crypto Assets to demonstrate a new financial strategy

At the 'Russia Calling!' investment forum held in Moscow, Russian President Putin delivered a deafening speech. He explicitly stated, 'Who can stop BTC? No one can!' This statement not only demonstrates Russia's open attitude towards cryptocurrency, but also reveals the country's ambition to seek breakthroughs in the global financial landscape. Putin emphasized that electronic payment systems are emerging technologies, and regardless of how the US dollar changes, these payment systems will continue to develop.

Image source: X Russian President Putin said in an event, 'Who can ban BTC? No one can!'

Experts pointed out that there is deep meaning behind Putin's remarks. Against the backdrop of continued geopolitical tensions and economic sanctions imposed by Western countries on Russia, Cryptocurrency is becoming an innovative tool that crosses the wall of TradFi. By vigorously supporting Bitcoin, Russia is not only seeking to get rid of its dependence on the traditional international financial system, but also trying to open up a new path in the global economic game.

Policy Favourable Information Cryptocurrency welcomes new development opportunities

On November 29th, Putin signed a milestone bill officially recognizing digital assets such as Bitcoin as legal property. This policy not only allows Russians to use digital assets for foreign trade settlements, but also clears legal barriers for the development of cryptocurrencies in Russia. Under the new tax policy, mining and trading of cryptocurrencies will be exempt from value-added tax, creating a more favorable business environment for the industry.

Analysts believe that this is likely a strategic move by Russia to seek financial innovation and breakthroughs under Western sanctions. By legal recognition and tax incentives, Russia is building a more relaxed institutional framework for the encryption ecosystem. This can not only attract domestic and foreign investors but also further promote the application and development of encryption technology in Russia.

Central Bank Governor Elvira Nabiullina said that the current annual inflation rate is still high at around 9%, but it is expected to decrease to the target level of 4% in 2026. This also indirectly confirms the urgency of Russia's pursuit of financial innovation and diversification.

Geopolitical Game Cryptocurrency Becomes a New 'Weapon'

Against the backdrop of increasingly tense geopolitics, Putin seems to have set his sights on a strategic opportunity. By vigorously supporting Bitcoin and digital assets, Russia is not only seeking to break free from reliance on the US dollar, but also attempting to open up a new path in the global financial system. At the recent BRICS summit, member countries have initiated discussions on using cryptocurrency for cross-border payments, which is seen as a major challenge to the traditional international financial order.

It is worth noting that Putin's statement seems to have another layer of meaning. Facing the possibility of former US President Trump's pro-crypto monetary policy, Russia seems to intend to seize the initiative. Trump has expressed plans to establish a strategic BTC reserve, and Putin clearly does not want to be left behind, hoping to seize the initiative in this competition of emerging financial technology.

Further reading Don't even think about dollarization! Trump threatens: If BRICS countries dare to launch coins, I'll impose 100% tariffs. No wonder Russia loves Crypto Assets! By Mining, they increase tax revenue by over 500 million rubles, successfully avoiding sanctions? Is a new cold war coming? The United States and Russia compete in 'digital arms race,' why is Cryptocurrency the focus?

"Determined to compete with Trump for business? Russian President Putin: No one can ban Bitcoin!" This article was first published in "encryption city"