Russian President Vladimir Putin recently in an interview cleared that as per the definition of cryptocurrencies no country can have their own cryptocurrency as they are ought to operate without national borders. Central Bank Digital Currency [CBDC] or state owned cryptocurrencies have been a subject of debate because of the decentralization vs centralization narrative behind them.
Global de-dollarization has been active for years as countries like Russia, China, Iran, and others find ways to insulate themselves from the US sanctions. Now, Russian President Vladimir Putin has reportedly backed the de-dollarization plan. What do mean it for Bitcoin and cryptocurrencies now? Russian President Vladimir Putin on the move for de-dollarization Dedollarization has