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❕NEWS Kazakhstan Bitcoin and Russian immegration

Yugocean

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Kazakhstan's government is might legalising bitcoin in the country and not because of any successful project that has approved this decision, but due to the pressure of Russian immigration, which the country is dealing.

Millions of Russian people have entred Kazakhstan to avoid getting involved in Russia -Ukraine war, and this is causing a refugee problem that may turn into an economic problem too, so Kazakhstan might need to adopt Bitcoin.
 
So with such things definitely the facilities of food will become expensive and more housing will be needed , but definitely Russia is a country that always cares for its people and if the country starts accepting bitcoin and crypto they can easily receive help from Russia via the method as well for survival
 
Kassym-Jomart Tokayev, the president of Kazakhstan, stated that if there is sufficient demand for such services, the government is prepared to implement a mechanism that will permit the conversion of cryptocurrencies to cash. A few days after almost 100,000 Russians crossed into Kazakhstan to avoid the partial military mobilization that Vladimir Putin announced, the attitude toward the digital asset sector has improved.
 
The war is having an impact on many nations, and the European Union recently forbade the use of cryptography by all Russian addresses. Additionally, this can be problematic for nations that are nearby.

Legalizing cryptocurrencies could draw more attention to Kazakhstan, therefore it might be best to ignore it for the time being.
 
The war is having an impact on many nations, and the European Union recently forbade the use of cryptography by all Russian addresses. Additionally, this can be problematic for nations that are nearby.

Legalizing cryptocurrencies could draw more attention to Kazakhstan, therefore it might be best to ignore it for the time being.
But even if they prohibit it as they are going to get money not to be sent to Russian addresses, I would love to know how they are going to do it, the blockchain is independent and you can send money without intermediaries p2p that you cannot cancel a transaction, so these people really are inefficient even with these prohibitions.
 

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