Putin: No one can ban Bitcoin, people are all pursuing cost reduction and improved reliability

According to TASS, Russian President Vladimir Putin stated on Wednesday at the investment forum "Russia Calling!" hosted by VTB that no one can ban Bitcoin, and the natural process related to the development of new payment tools is advancing.

Pudding said, "Processes related to the use of other tools are naturally occurring, such as Bitcoin. Who can ban it? No one. Who can ban the use of other electronic payment tools? No one, because these are new technologies. No matter what happens, no matter what changes the US dollar undergoes, these tools will develop in some way because everyone will strive to reduce costs and improve reliability

Putin added that this is an inevitable process and stated that it has nothing to do with the US dollar. If the use of the US dollar continues to decline globally due to its own actions, "then there is no doubt that they will weaken the foundation of its economic power, which is very clear.

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