Russian central bank confirms block on foreign bids to sell Russian securities

Re:Russian central bank confirms block on foreign bids to se... by smartties on Monday February 28, 2022 @06:45AM (#30498823)

As much as I dislike the whole crypto space, I can see how crypto stable coins (which comes with it's own risk...) could help Russian people secure their savings against government seizing and also fight against the devaluation of their currency.

[ Parent | on HN ]

Re:Russian central bank confirms block on foreign bids to se... by shafyy on Monday February 28, 2022 @06:51AM (#30498852)

I think it's naive to think that the Russian government can't interfere with funds held in crypto by Russian people. In the least, they can prevent them converting it to fiat currency.

[ Parent | on HN ]

Re:Russian central bank confirms block on foreign bids to se... by iso1631 on Monday February 28, 2022 @07:06AM (#30498979)

For now. In 5 years who knows.

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Re:Russian central bank confirms block on foreign bids to se... by zaarn on Monday February 28, 2022 @09:33AM (#30500212)

Russia is likely to outlaw cryptocurrencies for that reason (of course the rich will be able to do it with no punishment). But the small citizen will just get visited by putin's police and beaten within an inch of dying, before being told to never touch crypto again, on the mere suspicion they are using cryptocurrencies.

[ Parent | on HN ]

Re:Russian central bank confirms block on foreign bids to se... by koonsolo on Monday February 28, 2022 @06:50AM (#30498849)

Welcome to the other side ;).

[ Parent | on HN ]

Re:Russian central bank confirms block on foreign bids to se... by discreteevent on Monday February 28, 2022 @07:08AM (#30498986)

In this particular case it is more likely that the other side has a high percentage of oligarchs who have had plenty of time and ability to divest to crypto and other assets outside of government control. Most of the people on the street wouldn't even know where to start. So welcome to the other side, same as this side, same as it ever was.

[ Parent | on HN ]

Re:Russian central bank confirms block on foreign bids to se... by koonsolo on Monday February 28, 2022 @09:09AM (#30499933)

You are misreading my response. It was because HN is known to be anti-crypto. So I meant 'welcome to the pro crypto side'.

And to your response, maybe instead disallowing all people crypto, let's make it easier for everyone. Times like this make it more clear than ever that crypto is not just a "solution looking for a problem".

[ Parent | on HN ]