Unstoppable Cryptocurrency! Putin Shockingly Speaks Out: BTC Cannot Be Banned

Russian President Vladimir Putin recently publicly stated at an investment forum in Moscow that the development of BTC and other cryptocurrencies is unstoppable. Regardless of the fate of the US dollar, this emerging technology will continue to advance and cannot be banned.

According to the Russian state-owned media RIA, Putin said at the forum: “For example, Bitcoin, who can ban it? No one can ban it.” He went on to say:

**The use of other electronic payment tools, who can stop it? No one can stop it. Because these are all brand new technologies. No matter what happens to the US dollar, these tools will continue to develop in some way, because the world is pursuing ways to reduce costs and improve reliability.

Russia opens up cross-border cryptocurrency payments

Just last week, Putin signed a new law officially classifying digital currency as a ‘property’ that can be used for settlement in foreign trade, marking an important milestone in the regulation of cryptocurrencies in Russia. This move signifies that Russia is accelerating its embrace of digital assets as one of the strategies to break through economic blockades while countering Western sanctions.

Since the outbreak of the Russo-Ukrainian war, sanctions from Western countries including the United States have dealt a heavy blow to the Russian economy, prompting the country to reconsider alternative solutions for cross-border payments. Although cryptocurrency is still prohibited from circulating domestically as legal tender, Russia has begun to legalize it for international trade payments.

Central Bank Digital Currency (CBDC) Trials Accelerate

In addition to Crypto Assets, Russia is also actively promoting the development of Central Bank Digital Currency (CBDC), which is seen as an important tool for Russia to respond to financial pressure.

Russia’s ‘digital ruble’ is expected to be officially launched in July 2025 and is currently undergoing large-scale testing. In September of this year, the number of testers for the ‘digital ruble’ will be expanded from 600 people to 9,000 people, and experiments will be conducted in cooperation with 12 banks.