Russian President Vladimir Putin shares the necessity for a new digital payment system for international settlements. The new payment system is said to be independent of third-party involvement and banks. The details were revealed by one of the local media outlets. As mentioned, the new digital payment system can be curated using distributed ledgers and digital currency technology.

Putin shared the news while speaking at an artificial intelligence conference hosted by Sberbank.

The Russian president stated that international payments and financial flow between countries are in jeopardy. This is mainly due to the rising tension between the West and Russia.

"We all know very well that under today's illegitimate restrictions, one of the lines of attack is through settlements. And our financial institutions know this better than anyone because they are exposed to these practices," the president stated.

The sanctions that were imposed have gravely affected the country's access to the global financial market.

"Based on the technologies of digital currencies and distributed ledgers, it is possible to create a new system for international payments, and much more convenient, but at the same time completely safe for participants and completely independent of banks and interference from third countries." Putin stated.

More info here: https://cointelegraph.com/news/putin-calls-for-blockchain-based-international-payment-system/amp

If you think that governments across the world are some saints, please look around.

They dabble in: alcohol, tobacco, gambling.

Go to a supermarket, majority of products would be chemically infused, which should not be fed even to animals, let alone humans.

If you think ftx collapse would let governments disencourage crypto, here are the facts:

• Do you know that FTX.US (the Crypto exchange that went under) was a regulated exchange in the US?

• FTX spent some $2 billion on “acquisitions for regulatory purposes", reveals a report by the Reuters.

The problem with Cryptos is not that it is safe/unsafe. The problem is: government is not making money systematically out of these assets RIGHT NOW.

And, this is about to change: Coinbase, Binance, all will get more heavily regulated NOW. And, they will start paying more money to governments.

Will this lead to mass adoption? I dont know.

If chemicals in your food can find mass adoption, so will Cryptos.

Texas Governor Greg Abbott "promoting, advancing, and providing a platform for Bitcoin." Abbott also claims Bitcoin is "good for the power grid."

https://twitter.com/documentingbtc/status/1596609766402523138?s=46&t=d4JfnOW-33EiSCBGAbexzg

How long until Florida follows suit? Will this help or hurt the public view of Bitcoin? I'm interested to see how he plans to provide a platform and "advance" Bitcoin. To be honest I never thought it would be Greg Abbott of all people to publicly promote Bitcoin. Guess we'll see how this plays out.

After Western governments froze Russia’s foreign exchange reserves early this year, speculation mounted that some central banks would acquire cryptocurrency as a form of insurance against financial blockades from the U.S. and its allies.

Bitcoiners’ hopes often revolve around the Gulf states, with their huge cash reserves and often-fraught relationships with the West. In August, a Twitter account inspired by the possibility, Sheikh Roberto, sprouted up to promote Bitcoin usage and slam the Fed in posts from El Salvador.

There's a huge literature on how effective sanctions are. And I think the number that comes out of that is like a third of the time they work. Of course, they can have unintended consequences, like hurting the population of the country that you're sanctioning.

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Edit: https://sites.google.com/view/matthewferranti/research?pli=1

Sourced added

It feels like a setup. Banks and SEC needed to take out Crypto value from within to set their regulatory framework over it. The kids running FTX were beyond incompetent and it just seems implausible they did this without some help from SEC looking the other way. This is how the banking cartels do things. They do it with Nation States and they do it with corporations they want to take down and it would make sense to do it to crypto. Insert some bad actors. Platform them within the community, further validate them from the banksters own power base outside of Crypto. allow them to hide a massive amount of unsecured debt and then crash them into themselves. From there its rubble ripe for the picking. BTC is cheap to buy up, regulation will be easy to force onto the community in shambles and the new players will be owned from the start.

Because that's what Sammy blank of FTX was really doing was running a Sham Bank that delivered blank checks to his buddies in the US.... is at the Pinnacle of corruption.

Everytime we turn around we are hearing more and more horror stories that we simply can no longer pretend doesn't happen in this country. I wasn't going to say anything. Because I knew everyone was talking about it already. But I couldn't help myself after hearing the lastest BS. TURNS OUT. The people this guy donated to are also running an investigation on him?

Are you kidding me? Everyone is just gonna get awT with this without even the littles slap on the wrist?

. In any normal time frame I grew up, many people would be locked up already.

That's all I'm saying. Good luck everyone. Do you best, that's all you can do.