In recent comments, Russian President Vladimir Putin acknowledged the benefits of Bitcoin amidst ongoing sanctions against Russia. Speaking at a forum in Moscow, he stated that Bitcoin cannot be banned, citing it as an example of new technologies emerging in payment methods. Putin expressed that processes are naturally occurring regarding the use of alternative instruments, emphasizing that no one can prohibit the use of electronic payment instruments. His remarks signal a shift, as Russia previously outlawed crypto mining and payments but has begun to recognize the potential for digital currencies in international transactions. Key developments include a recent law allowing cryptocurrency mining and another bill that legitimizes the use of digital currency for cross-border payments. These comments come as Western nations have intensified economic sanctions against Russia. Putin's statement reflects a growing acceptance of digital assets as Russia seeks alternative means for transactions.

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