Tip: Crypto payment will not affect the Russian financial system

As reported by the Cointelegraph on August 21, some crypto traders have expressed their views as Russia seeks to restrict cryptocurrency to its borders from January 1, 2021. Previously, Anatoly Aksakov, Chairman of the Committee on Financial Services of the Russian Parliament, said legalized cryptocurrency payments would significantly destroy the currency represented by the ruble. In response, major global cryptocurrencies such as BitGo CEO Mike Belshe and Binance Managing Director of Russian and CIS Operations Gleb Kostarev agreed that the use of cryptocurrencies such as Bitcoin for payments would not pose a threat initially to the Russian market. Kostarev explained that countries such as the Netherlands and Venezuela have received cryptocurrency payments, and people around the world have already purchased goods and services with cryptocurrency. These excellent solutions are the result of the successful integration of existing financial services and cryptocurrency operations. Of course, cryptocurrencies are difficult to disrupt financially, but there is no doubt that they can perform financial transactions.