Russia’s Deputy Minister of Finance, Nation will not Ban Bitcoin

Via Evander Smart @

[Editors note: The most powerful nations in the world are slowly realising that Bitcoin is more powerful than all of them combined.

In my opinion, the 4 main reasons for nation states not to regulate are the following:

  • Risking out on future Industry, Business and Job growth through Regulatory arbitrage.
  • Bitcoin could potentially become a strategic asset in the ongoing global currency war.
  • Nations are realising more than ever that a politically neutral platform is needed for international settlement.
  • For every action there is an equal and opposite reaction and because Bitcoin is a technology that can be incrementally developed, state regulation risk creating a more hostile version of Bitcoin.

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