Editor’s Note: Wait! Aren’t cryptocurrencies “the” thing right now? Why are these not being accepted for use in Russia for paying bills. The reason, my friends, is that 99% of current cryptocurrencies are NOT asset backed…they are “fiat” crypto made out of thin air! Thus, Putin is avoiding a slew of financial strain by making this decision for Russia.
However, there ARE a small amount valid, of asset-backed cryptocurrencies which are poised to supply extreme amounts of financial abundance as the Quantum Financial System comes on-line. So…please investigate Stellar coins, learn how to grow your own wealth as new financial systems evolve, and then BE in…
Quantum Joy!
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Just when it finally seemed positive for the crypto industry in Russia with the Central Bank, Bank of Russia gravitating toward a pro-crypto approach, the country’s President signed a law banning crypto payments in the region.
The latest update is not an upgrade for the crypto industry in the country. Russian President Vladimir Putin signed a law, banning the use of digital financial assets (DFA) and digital utility rights (DPR) as a means of payment for goods, products, or services in Russia.
The legal document stated,
“It is prohibited to transfer or accept digital financial assets as a consideration for transferred goods, performed works, rendered services, as well as in any other way that allows one to assume payment for goods (works, services) by a digital financial asset, except as otherwise provided by federal laws.”
Furthermore, along with banning crypto payments, the law also levies crypto exchange operators to refuse transactions where it is possible to use such assets as a monetary surrogate. This simplistically means that crypto brokers facilitating payments are now subjected to the national payment system, in turn putting them under the oversight of the country’s financial regulator.
Is Russia’s ban on Crypto payments here to stay?
The bill was originally submitted by Anatoly Aksakov, head of the State Duma Committee in June. Following this, with the bill getting drafted into law, it marked the first time for the Russian legislature to explicitly prohibit payments with digital assets. Formerly, the government had only denied legal tender status to crypto, confirming the Russian Ruble as the only legal currency in circulation.
Additionally, the law came as a shock to many given that just last month the Russian Central Bank had finally hinted at its first pro-crypto stance. According to a Reuters report, a senior bank official emphasized that there was a high possibility of “relaxation of its opposition to digital currencies”.
Rose Rambles... 
BACK IN THE LATE 60’S, EARLY 70’S DURING THE VIET -NAM CONFLICT, FOR OUR MILITARY FORCES THAT SERVED OVERSEAS PERSONAL WAS NOT BEEN PAID WITH GREEN BACKS.
REASON FOR THAT WAS THAT USA – GOVERNMENT WAS UNWILLING TO LET GREEN BACKS TO LEAVE THE COUNTRY AS A WAY TO STOP THE DOLLAR TO LOSE VALUE THE MORE GREEN BACKS THAT LEAVE THE USA INTO OTHER NATIONS THE MORE VALUE IT WOULD LOSE.
SO OUR MILITARY WOULD PAY US FOR BASE SPENDING FOR OUR INMEDIATE NEEDS AT THE MILITAY PX A CURRENCY JUST A LITTLE LARGER THAN A MONOPOLY GAME’S SIZE WAS USED, THAT IS THE REASON WHY MY PERSONAL BELIEVE IS THAT TRUMP’S ADMINISTRATION IS GOING TO PERMIT OTHER METHODS OF DOING BUISNESS WITH OTHER NATIONS OUTSIDE THE UNITED STATES, AS A WAY TO STOP THE DRAINAGE OF OUR GOLD BACK UP CURRENCY WHICH IS MY BELIEVE WILL BE USED ONLY FOR UNITED STATES, POSIBLY WITH CANADA, AUSTRALIA, NEW ZELAND, ENGLAND, IRLAND, SCOTLAND NOT SURE ABOUT THE LAST 3 NATIONS POSIBLY 4 NATIONS INCLUDING ENGLAND BEEN THAT DIANA WILL BE QUEEN OF ENGLAND AND THE KENNEDY FAMILY ARE JOINT TO DIANA BY WAY OF HER DAUGHTER MARRIED TO JOHN KENNEDY JR.
IN ANY CASE THAT IS MY OPINION REGARDING REASONS WHY AMERICA WILL MORE LIKELY PUSH FOR THE USE OF CRYPTO CURRENCY IN ORDER FOR USA CITIZENS TO BE ABLE TO EXCHANGE CRYPTO AS PAYMENTS AROUND ALL NATIONS OUTSIDE THE FIRST 4 MENTION BEFORE. BECAUSE THE WAY I UNDERSTAND THOSE NATIONS ARE GOING TO BE UNDER THE PROTECTION OF THE UNITED STATES.
NOT ONLY ECONOMICALY, BUT ALSO POLITICALY AND MILITARILY, IT WAS MENTION ALSO THAT MEXICO COULD ALSO BECOME PART OF THE USA BUT I DO NOT THINK THAT WILL EVER HAPPEN NOT REGARDING THE LEVEL OF SOCIAL STRUCTURE NOT ONLY CULTURE WISE, BUT ALSO LANGUAGE
HISPANIC PEOPLE GET INDOCTRINATED EARLY IN LIFE TO BE WILLING TO DIE FOR THEIR FLAG AND CULTURE, TEASON WHY THEY TRY TO HOLD LOYALTY TO TWO NATIONS BUT AT THE END THE LOYALTY TO MEXICO ALWAYS WILL KEEP THEM UNRELYABLE UNLESS THEY HAVE NO MORE FAMILY BACK IN MEXICO AND THEIR CHILDREN HAVE ADAPTED TO THE AMERICAN CULTURE. RESON WHY A LARGE PERCENTAGE OF THEM NEVER BECOME AMERICAN CITIZENS THEY REATHER STAY ONLY AS RESIDENTS BECAUSE THEY WANT TO KEEP ONE FOOT IN MEXICO AND THE OTHERONE IN THE UNITED STATES JUST LIKE JEWS DO BECAUSE SEPHARDIC JEWS ARE MOSTLY THE ONES THAT EMIGRATE INTO THE UNITED STATES THEY ARE THE ONES WITH MONEY,AND CONECTIONS TO DO SO. AS WELL AS THEY DO WITH ALL NATIONS AROUND THE PLANET THAT IS WHY THEY ARE KNOW AS GLOBALIST/INTERNATIONALIST
BECAUSE THEY DO NOT HOLD LOYALTY TO ANY NATION.
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Good thoughts to share. Culture does play a very large role when really only existing via a 3D role. As our Earth expands, our inner selves will change as well. Exciting to see just what evolves…!😊🌹💕
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