After Trump, Putin Backs Bitcoin as Russia Moves Towards US Dollar Alternatives | Firstpost America [SLEuocF60Y]

2025-01-02T09:15:32+0100

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After Trump, Putin Backs Bitcoin as Russia Moves Towards US Dollar Alternatives | Firstpost America Russia is boldly shifting toward cryptocurrency, with President Vladimir Putin calling Bitcoin "unstoppable." Once a skeptic, Putin's comments signal a major transformation in Russia's financial strategy. Facing Western sanctions and a declining US dollar, Russia has recognised cryptocurrencies as legal property, exempted transactions from VAT, and capped crypto taxes at 15%. Putin highlighted the efficiency and reliability of digital currencies, viewing them as essential for reducing costs and countering Western dominance. While restrictions on crypto mining remain in some regions, Russia is exploring state-backed crypto exchanges and foreign trade transactions using digital assets. This marks a pivotal move in reshaping global finance and bolstering Russia's economic independence. --- Donald Trump | Vladimir Putin | Bitcoin | Russia | US Dollar | Firstpost America | Eric Ham | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News #donaldtrump #vladimirputin #bitcoin #usdollar #firstpostamerica #ericham #war #geopolitics #economy #firstpost #worldnews #latestnews #globalnews #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. https://www.youtube.com/@Firstpost Follow Firstpost on Instagram: https://www.instagram.com/firstpost/ Follow Firstpost on Facebook: https://www.facebook.com/firstpostin/ Follow Firstpost on Twitter: https://twitter.com/firstpost Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V