”Asset freeze” Russian President Putin: ”Bitcoin is better than dollars that are collected and stolen”

Russian President Vladimir Putin said Bitcoin is a better alternative to foreign exchange with Russian assets frozen by sanctions, according to News1.
According to Business Insider (BI), on the 5th (local time), President Putin said at an investment conference hosted by VTB, "Foreign currency is something that can be easily lost.
"The seizure of the reserves will damage the reputation and status of the U.S. dollar, which is held as a reserve asset by central banks around the world, and will be a step toward the nation's decision to seize the dollar," Putin said.
"We have turned to virtual currencies as an alternative to Bitcoin," he said, adding, "For example, who can ban Bitcoin? No one can."
Besides Bitcoin, Putin also cited another option for the future of electronic payment systems:
In October, President Putin urged the BRICS, an international economic cooperation group that includes Brazil and Russia, to create an alternative payment system. Russia has said it will not accept the US dollar as a currency.
The remarks come as Russia is expected to withdraw about $300 billion of its foreign exchange holdings after the start of the Ukraine war in 2022.
This comes after the UK used profits from frozen assets to lend Ukraine $3 billion in October.
7) is discussing strategies on how to use funds to support Ukraine. Russia has proposed a total ban on cryptocurrencies until 2022. However, now digital currency payments are allowed.
The Russian government has been actively promoting the introduction of virtual currencies, including allowing the use of virtual currencies and exploring the introduction of a digital ruble next summer.
has signed a bill that would create a legal tax regime for cryptocurrency miners and traders.