In a pivotal announcement on March 21st, Russian President Vladimir Putin declared, “Nobody can ban BTC,” signaling a potential shift in the country’s stance towards cryptocurrency. The Russian government intends to leverage its existing exchange infrastructure to facilitate Bitcoin transactions, with the Moscow Exchange (MOEX) being central to these efforts. Furthermore, a proposal from a Russian Chamber of Commerce member to create a cryptocurrency special fund for confiscated digital assets illustrates a significant regulatory evolution.
This development aligns with a broader trend as global economies, including the United States, begin to embrace more crypto-friendly policies. Financial analysts at Bitunix have expressed optimism regarding Bitcoin’s future. They suggest a positive long-term outlook while advising traders to closely monitor the $83,000 support level and consider buying during fluctuations, patiently awaiting a breakthrough over the critical $87,000 resistance.