He cited three key reasons to prove his case; 1. It is first and foremost the task of the respondent bank to check its customers in accordance with the applicable know-your-customer regulations. The uncontrollable supply of money causes inflation, which directly devalues what people hold in their wallets to increase the wealth of those who are already rich. In a tweet , Ginko said that Russia had no option but to invest in Bitcoin.
The Source Cites Himself
Russia has made no official announcement to this effect. This reporter does not speak Russian and has little clue how the Russian government works. One thing that was certain: there were no official Russian billipn sources making statements about Russia buying Bitcoin. January 6th, economist Vladislav Ginko, who works at billoon state-funded Russian Presidential Academy of National Economy and Public Administration, posted to Twitter that he believes Russia has no choice besides bitcoin as a hedge against economic losses taken as a result of the US sanctions against Russia. Back in mid-December, the Trump administration added several Russians to the list of sanctioned entities which US companies and persons cannot trade .
Something Fresh
Russian economist, Vladislav Ginko, is out with another bold claim. This time he says that some companies and wealthy individuals in Russia have bought 1. There is no direct involvement of Russian state but some who buy bitcoin are awaiting that the increasing US sanctions will make impossible to do international transactions as usual so they purchase bitcoin as a way to circumvent US sanctions. Ginko is no stranger to making bold claims about Russian involvement in BTC. Share your thoughts with us in the comments below.
Russia Will Buy $10 Billion in Bitcoin
Something Fresh
Vladislav Ginko. US Sanctions may be mitigated only through Bitcoin use. Russia buying 470 billion in bitcoin News Cryptocurrency. Then, the way they create money is troublemaking. Martin Young 8 hours ago. The uncontrollable supply of money causes inflation, which directly devalues what people hold in their wallets to increase the wealth of those who are already bitcin. Fake news? It remains unclear who exactly Vladislav Ginko is and if he actually has any ties to the Kremlin. He is a lawyer, specialist in strategic planning, and professor whose work has appeared in various cryptocurrency and blockchain publications. Nick Chong 19 hours ago.
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