Yesterday, the president of Russia, Vladimir Putin, stated that no one can ban cryptocurrencies.
To be precise, to the question “who can ban Bitcoin” he answered “No one”.
BREAKING: Russian President Putin says „Who can ban #Bitcoin? Nobody.” pic.twitter.com/6mJ664BZZ8
— Bitcoin Magazine (@BitcoinMagazine) December 4, 2024
Then he added that no one can even ban other electronic payment systems.
Putin’s idea on cryptocurrencies
In reality, electronic payment systems can be banned if they are centralized, even if it is necessary to block them one by one.
But if they are decentralized, in today’s world they are indeed unstoppable, unless you turn off the Internet.
Putin did not explain this detail, but only said that they cannot be banned because they are new technologies. On the other hand, their uncensorability comes precisely from being based on the new technology of P2P and decentralized open source computer protocols.
The president of Russia th
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