Crypto-Fear in Russia
This poem is about how Russian lawmakers delayed passing a bill on cryptocurrencies due to fears of capital flight but eventually found ways to amend the regulations so that crypto trading and mining could become an industry without risking any money leaving the country illegally.
Dec. 25, 2022 12:26AM
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A picture of a Russian flag with a cryptocurrency symbol overlaid on top of it.
The Russian lawmakers' bill on crypto, A proposal to legalize and trade, Was met with fear and hesitation, As if it were a game of chance. For critics feared it would be used, To flee the country's capital funds. So they stalled the legislation, And kept the status quo intact. But those who sought to make a change, Were not willing to give up their fight. They saw the potential of this new tech, That could bring great economic might. Though many had doubts and reservations, It was worth exploring more in depth. So they worked together for solutions, To ensure capital flight wouldn't seep. With regulations and laws amended, They'd have control over what's allowed. So that crypto trading and mining Could become an industry proud. Now Russian lawmakers are sure That no money will be lost or spent As long as these new rules endure-- A lesson that must never be bent!