Russia Accepts Crypto Trading

Russia Accepts Crypto Trading
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Slow but surely, more and more governments are beginning to accept cryptocurrencies and allow it to be traded within their economies.

The US and UK have allowed cryptocurrency trading for a number of years now, but it’s taken some time for other countries to open up to this exciting new "Money 2.0".

In the latest development, Russia, one of the restricted economies in terms of foreign entry has finally decided to open themselves up to cryptocurrency trading.

Why…well…

All countries start out by dismissing cryptocurrency as a fad that will never catch on.

When that doesn’t work, they stick the old “It is used for terrorism and money laundering” spin on it, in a feeble attempt to discredit it.

When that doesn’t work, they then try and launch their own central bank-backed cryptocurrency which fails miserably.

Finally, they come to the point when they realize that they can’t do anything to stopping their citizens from actually acquiring cryptocurrency, so they may as well allow it and benefit via taxing profits.

As far as Russian is concerned, this is a big, big deal as there are a lot of Roubles waiting to be pumped into the crypto-market for quite a while now and they have all been given the green light by Czar Putin! So finally, cryptocurrency is protected under Russian Law (but only if you can prove that you bought it with declared money!)

Meanwhile, earlier this year in India, the Supreme Court overturned the ban on Cryptocurrency back in March 2020, just before the Coronavirus pandemic hit us, giving 1.3bn Indians the opportunity to buy cryptocurrency with their government's blessing!

And our neighbors, France have also made leaps and bounds to bring the availability of crypto to the masses. Since October 2019, Bitcoin has been available to buy over the counter at 5,200 Tobacco shops in France…and we all know how much the French love a smoke or two!

There is SO MUCH POTENTIAL in this market we have not even got started.

COVID 19 has proved that cryptocurrency is “COVID-Proof” and with a second wave of the virus imminent, it is absolutely essential that we all hold these Crypto assets, to protect us from another economic meltdown.

I cover this and so much more in my free e-book on the top financial secrets that your bank does not want you to know.

Download the Financial Protection Secrets free e-book at https://www.financialprotectionsecrets.com/free-book-11

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#cryptocurrency #russia #cryptotrading