September 9, 2025 • 9 mins
An adviser to Russian President Vladimir Putin said the US is strategically using crypto and gold to devalue its debt to “urgently address the declining trust in the dollar.”
~This episode is sponsored by Tangem~
Tangem ➜ https://bit.ly/TangemPBN
Use Code: "PBN" for Additional Discounts!
#Crypto #ethereum #russia
~Putin Furious At U.S. Stablecoin Growth on Ethereum🔥~
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~This episode is sponsored by Tangem~
Tangem ➜ https://bit.ly/TangemPBN
Use Code: "PBN" for Additional Discounts!
#Crypto #ethereum #russia
~Putin Furious At U.S. Stablecoin Growth on Ethereum🔥~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Let's dive in to Russia versus cryptoday and we'll break
it all down for you. It's going to be an
interesting one, so stick around. My name is Paul Barrel,
Welcome back into the show. I do want to thank
her sponsor, and that is tangent This is where you,
guys can get into self custody, and believe me, self
custody is one of the tools that you should be
using in your crypto journey. All you have to do
is visit tangentum dot com and use our link down below.
It's going to give you a little bit of a discount.
(00:21):
It's like three minutes literally to get this thing going,
and there's a lot of security features that are quite
a bit different than most wallets out there. It's like
a credit card works with your phone in an app,
and this will make your life easy when it comes
to self custody. So if you want to get your
tons off of exchanges, jump over and get the tangent
card using our link down below. All right, guys, let's
(00:43):
get into a couple of points that is going on
right now within what's happening within Russia, and this is
where Russia is kind of repositioning their thought around crypto
or remember they have been very anti crypto over the years.
This guy right here is the advisor to the pro
as them and his name is kobeakov Anton. That's a
(01:04):
little scary, but this is the guy that's advising Putin
on his policy. Now, I want to go to a
clip real quick that will break down a little bit
of where they think the crypto market is going.
Speaker 2 (01:16):
Take a look America priama ce chass but it's a
perminade preval and rinkula e crypto valute this provlini shortly
what demonstern is glowner americanski zada i which in hgiatary
sheet problem with new Genia the yagdolero Sha catability if
(01:41):
kulda scrypta violutna obloka so remi ca che goes dog's
mission of stable coiner Sha is saying it to dog
sure as prasta mislove when you seechest valutni treats it
pet triluni dog. And he was going to at crypt
(02:01):
war Blocker at atletch to watchin lubit z niumatsa cryptoi.
Speaker 1 (02:06):
One of the things you got to pay attention to
is this right here, now this is what their current
status is for crypto. Any private individuals who pay with crypto,
they're going to face fines. So this is like twenty
five hundred bucks and for a business, it's like thirteen
grand in terms of fines. All of that, and that
of course is still in act today, but all of
(02:27):
that is about to shift. The only difference is it's
shifting for a select few. If you go over here
on the crypto shift, a strategic move in to redefine
global finance. What they're doing now is they're preparing a
significant overhaul and cryptocurrency regulations. This is going to allow
retail investors kind of into the game, and they're only
going to permit high networth individuals with annual income exceeding
(02:51):
fifty million rubles that's about six hundred k, and who
invest at least one hundred million rubles one point two
million so to engage in crypto activities under this new
experimental concept. Now, that is basically the oligarchs that are
going to be able to do this, So they're clamping
down in that model. This is still in a situation
where it is very selective but also very governed. If
(03:14):
you look at just the crypto exchanges in Russia right now,
all these are KYC, so it's likely that most people
that are in Russia underneath that are still using DEXes
as their primary tool for trading within crypto. I don't
anticipate that this is happening much over there, and nor
do I think it will happen much. Now, let's go
(03:35):
back in time a little bit, because this is where
it gets interesting. Metallic right there, butterin Eth he met
Vladimir in twenty eighteen, and at that point I think
they were still open to crypto. But of course the
lockdown did not occur until what we've seen right now.
And then of course from that point on what we
(03:55):
saw was you know what's happening now, which is a
war began. This essentially is when Russia invaded Ukraine, the
market of course tanked. Let's not forget that Vitalic also
was very anti on this position, and he simply says, hey,
this was the famous statement of a theoremy is not virtual,
but I'm not. And he's talking about this issue with
(04:16):
Ukraine and Russia. And I want to go to a
clip real quick because this will get into a little
bit more detail on how Vitalic's master plan might be
playing out.
Speaker 3 (04:25):
Take a look telling their master propagandists to go fuck themselves.
I was disreceived by by your fans and peers in general.
There's definitely yeah people who you know, like of the
yeah mindset that like, oh, you know, like I should
like not be getting involved in politics and like I
should be neutral, and basically I think people do kind
(04:47):
of forget the principles right, you know, like things like
openness and decentralization. They're not just slogans, they're like words
that actually mean things, right, and you know, like not
get like censored by a dictator and all of these
things like that. That's all actually part of that, right.
One of the yeah applications that I thought is really
interesting is technology that was developed by this company front
(05:09):
based in Kief called Ramo. It's called Freedom Tool. If
you're a Russian, then you can prove that you are
Russian and then you can vote. Right. The point is
to basically say, yeah, you know, like if we have
this digital election that's like completely independent of you know,
like Vladimir Impruten's ability to like you'll like fully manipulate
the results, which he's been doing, since like at least
I'm in e LIKECT twenty eleven, then like let's see
(05:32):
what the results actually are, right, and that ensures that
whoever's running the vote can't censor the votes. Then you
have zero knowledge proofs to protect the voter's privacy. But
then at the same time prove that the voter, I know,
like actually is like basically like one vote per citizen.
Like it's basically all done without the permission of the
Russian government obviously, right, if you want to ask a
question of like how do we, yeah, you know, like
(05:52):
help Soviet countries that are unfortunately, yeah, I'm like stuck
under the dictator, Like, how do we actually help them
get out? At some point? Like that stuff is really early,
but I think this is one of those things that
needs to be tried. When can we use it? It's coming, right,
and I think it's coming very soon. Scalability was very limited,
and like transaction fees were super high.
Speaker 1 (06:12):
Right that clip was about a year ago. They're up
to one hundred thousand real users right now. I want
to go to a clip real quick that will kind
of say whether or not this could be used in
other countries.
Speaker 4 (06:21):
Take a look Freedom to solve the long standing problem
and digital democracy, and it was instantly picked up by
dissidents in Russia. He used it to protest Putin. It
was then picked up by dissidents in Iran who used
it to protest the Islamic Republic. And we recently had
our first use case with elected officials we Opposition and
Peace and Georgia used it to host Tampa Proof poline
in the Georgian presidential elections.
Speaker 1 (06:43):
Of course, if you go to Tovitalics blog, he made
a statement not too long ago that he'd be better
off for his safety not to be able to go
back to Russia again. So you know, it's interesting because
we're now starting to see a transition, and it's very
possible we could see this transition starting to take place.
Mass implementation of the digital ruble is now going live.
(07:04):
This will again on September first, so they're not necessarily
quitting on this. This is something they're really trying to push.
They're getting into the whole concept of pushing banks that
would be required to provide a lot of the clients
with the option to conduct transactions on the ruble. This
is all digital rubles starting September first. The other thing,
if you look at the milestones right here, you can
(07:24):
kind of see, you know, they started looking at crypto,
they faded away from it, and now they've started to
move into the pilot launched, which was in twenty twenty three.
It was thirteen banks and then now here we are
with another fifteen banks in twenty twenty four. Further in
the document is they're talking about how long this is
going to take, and really what it boils down to
(07:46):
is the key areas. This is going to take a
lot longer, about seven years to be able to implement this,
and the project itself is going to be slow, as
you can kind of see on that roadmap. So the
real question is is what is going to happen in
the meantime. Most likely that's where the limitation of stable
coins will start to play into this, and of course
that gets into all of the different banks that are
going to be involved. This is the largest companies in
(08:08):
Russia by market cap. Most likely we are going to
see more movement in this space. Spare Bank, which was
on the top there. They want you to hold your
crypto like a regular bank account. So this is already
starting to move in the direction of where crypto is
going and they don't necessarily have an alternative to it,
so it is going to be a US stable coin
of some sort. Will the Russians actually use it these banks?
(08:31):
I think not. What you're going to deal with is
most likely self custode, DEXes, et cetera. This will only
strengthen the potential use of stable coins that of course
all leans in on ethereum as a whole. So all
of this is still positive I think for the idea
of stable coins starting to hit the backstop of US
treasuries globally, and I think the Russian might be on
(08:53):
something here. The question is is what does this do
on ethereum. Well, right now Eth is still holding it
around forty two to eighty two, So we'll see how
it plays out in the coming few weeks. As we
start to move in with all the bullish things that
have been happening around in Eth, you would anticipate that
we're going to see a little bit of this. The
key here is fatigue. I think eventually there's going to
be less sellers and that's when I think we start
(09:14):
to see a run on Eth. All right, guys, if
you're not in the diamond Circle Mixture and get in
on that. It's our own group that is absolutely free
to use, and of course I drop an email every
week that kind of gives you guys an update on
additional research, my thoughts on where the market is heading.
Do that clickling down below, follow me on X at
Paul Baron. We'll catch you next time right here on
(09:34):
The Paul Baron Show
Let's dive in to Russia versus cryptoday and we'll break
it all down for you. It's going to be an
interesting one, so stick around. My name is Paul Barrel,
Welcome back into the show. I do want to thank
her sponsor, and that is tangent This is where you,
guys can get into self custody, and believe me, self
custody is one of the tools that you should be
using in your crypto journey. All you have to do
is visit tangentum dot com and use our link down below.
It's going to give you a little bit of a discount.
(00:21):
It's like three minutes literally to get this thing going,
and there's a lot of security features that are quite
a bit different than most wallets out there. It's like
a credit card works with your phone in an app,
and this will make your life easy when it comes
to self custody. So if you want to get your
tons off of exchanges, jump over and get the tangent
card using our link down below. All right, guys, let's
(00:43):
get into a couple of points that is going on
right now within what's happening within Russia, and this is
where Russia is kind of repositioning their thought around crypto
or remember they have been very anti crypto over the years.
This guy right here is the advisor to the pro
as them and his name is kobeakov Anton. That's a
(01:04):
little scary, but this is the guy that's advising Putin
on his policy. Now, I want to go to a
clip real quick that will break down a little bit
of where they think the crypto market is going.
Speaker 2 (01:16):
Take a look America priama ce chass but it's a
perminade preval and rinkula e crypto valute this provlini shortly
what demonstern is glowner americanski zada i which in hgiatary
sheet problem with new Genia the yagdolero Sha catability if
(01:41):
kulda scrypta violutna obloka so remi ca che goes dog's
mission of stable coiner Sha is saying it to dog
sure as prasta mislove when you seechest valutni treats it
pet triluni dog. And he was going to at crypt
(02:01):
war Blocker at atletch to watchin lubit z niumatsa cryptoi.
Speaker 1 (02:06):
One of the things you got to pay attention to
is this right here, now this is what their current
status is for crypto. Any private individuals who pay with crypto,
they're going to face fines. So this is like twenty
five hundred bucks and for a business, it's like thirteen
grand in terms of fines. All of that, and that
of course is still in act today, but all of
(02:27):
that is about to shift. The only difference is it's
shifting for a select few. If you go over here
on the crypto shift, a strategic move in to redefine
global finance. What they're doing now is they're preparing a
significant overhaul and cryptocurrency regulations. This is going to allow
retail investors kind of into the game, and they're only
going to permit high networth individuals with annual income exceeding
(02:51):
fifty million rubles that's about six hundred k, and who
invest at least one hundred million rubles one point two
million so to engage in crypto activities under this new
experimental concept. Now, that is basically the oligarchs that are
going to be able to do this, So they're clamping
down in that model. This is still in a situation
where it is very selective but also very governed. If
(03:14):
you look at just the crypto exchanges in Russia right now,
all these are KYC, so it's likely that most people
that are in Russia underneath that are still using DEXes
as their primary tool for trading within crypto. I don't
anticipate that this is happening much over there, and nor
do I think it will happen much. Now, let's go
(03:35):
back in time a little bit, because this is where
it gets interesting. Metallic right there, butterin Eth he met
Vladimir in twenty eighteen, and at that point I think
they were still open to crypto. But of course the
lockdown did not occur until what we've seen right now.
And then of course from that point on what we
(03:55):
saw was you know what's happening now, which is a
war began. This essentially is when Russia invaded Ukraine, the
market of course tanked. Let's not forget that Vitalic also
was very anti on this position, and he simply says, hey,
this was the famous statement of a theoremy is not virtual,
but I'm not. And he's talking about this issue with
(04:16):
Ukraine and Russia. And I want to go to a
clip real quick because this will get into a little
bit more detail on how Vitalic's master plan might be
playing out.
Speaker 3 (04:25):
Take a look telling their master propagandists to go fuck themselves.
I was disreceived by by your fans and peers in general.
There's definitely yeah people who you know, like of the
yeah mindset that like, oh, you know, like I should
like not be getting involved in politics and like I
should be neutral, and basically I think people do kind
(04:47):
of forget the principles right, you know, like things like
openness and decentralization. They're not just slogans, they're like words
that actually mean things, right, and you know, like not
get like censored by a dictator and all of these
things like that. That's all actually part of that, right.
One of the yeah applications that I thought is really
interesting is technology that was developed by this company front
(05:09):
based in Kief called Ramo. It's called Freedom Tool. If
you're a Russian, then you can prove that you are
Russian and then you can vote. Right. The point is
to basically say, yeah, you know, like if we have
this digital election that's like completely independent of you know,
like Vladimir Impruten's ability to like you'll like fully manipulate
the results, which he's been doing, since like at least
I'm in e LIKECT twenty eleven, then like let's see
(05:32):
what the results actually are, right, and that ensures that
whoever's running the vote can't censor the votes. Then you
have zero knowledge proofs to protect the voter's privacy. But
then at the same time prove that the voter, I know,
like actually is like basically like one vote per citizen.
Like it's basically all done without the permission of the
Russian government obviously, right, if you want to ask a
question of like how do we, yeah, you know, like
(05:52):
help Soviet countries that are unfortunately, yeah, I'm like stuck
under the dictator, Like, how do we actually help them
get out? At some point? Like that stuff is really early,
but I think this is one of those things that
needs to be tried. When can we use it? It's coming, right,
and I think it's coming very soon. Scalability was very limited,
and like transaction fees were super high.
Speaker 1 (06:12):
Right that clip was about a year ago. They're up
to one hundred thousand real users right now. I want
to go to a clip real quick that will kind
of say whether or not this could be used in
other countries.
Speaker 4 (06:21):
Take a look Freedom to solve the long standing problem
and digital democracy, and it was instantly picked up by
dissidents in Russia. He used it to protest Putin. It
was then picked up by dissidents in Iran who used
it to protest the Islamic Republic. And we recently had
our first use case with elected officials we Opposition and
Peace and Georgia used it to host Tampa Proof poline
in the Georgian presidential elections.
Speaker 1 (06:43):
Of course, if you go to Tovitalics blog, he made
a statement not too long ago that he'd be better
off for his safety not to be able to go
back to Russia again. So you know, it's interesting because
we're now starting to see a transition, and it's very
possible we could see this transition starting to take place.
Mass implementation of the digital ruble is now going live.
(07:04):
This will again on September first, so they're not necessarily
quitting on this. This is something they're really trying to push.
They're getting into the whole concept of pushing banks that
would be required to provide a lot of the clients
with the option to conduct transactions on the ruble. This
is all digital rubles starting September first. The other thing,
if you look at the milestones right here, you can
(07:24):
kind of see, you know, they started looking at crypto,
they faded away from it, and now they've started to
move into the pilot launched, which was in twenty twenty three.
It was thirteen banks and then now here we are
with another fifteen banks in twenty twenty four. Further in
the document is they're talking about how long this is
going to take, and really what it boils down to
(07:46):
is the key areas. This is going to take a
lot longer, about seven years to be able to implement this,
and the project itself is going to be slow, as
you can kind of see on that roadmap. So the
real question is is what is going to happen in
the meantime. Most likely that's where the limitation of stable
coins will start to play into this, and of course
that gets into all of the different banks that are
going to be involved. This is the largest companies in
(08:08):
Russia by market cap. Most likely we are going to
see more movement in this space. Spare Bank, which was
on the top there. They want you to hold your
crypto like a regular bank account. So this is already
starting to move in the direction of where crypto is
going and they don't necessarily have an alternative to it,
so it is going to be a US stable coin
of some sort. Will the Russians actually use it these banks?
(08:31):
I think not. What you're going to deal with is
most likely self custode, DEXes, et cetera. This will only
strengthen the potential use of stable coins that of course
all leans in on ethereum as a whole. So all
of this is still positive I think for the idea
of stable coins starting to hit the backstop of US
treasuries globally, and I think the Russian might be on
(08:53):
something here. The question is is what does this do
on ethereum. Well, right now Eth is still holding it
around forty two to eighty two, So we'll see how
it plays out in the coming few weeks. As we
start to move in with all the bullish things that
have been happening around in Eth, you would anticipate that
we're going to see a little bit of this. The
key here is fatigue. I think eventually there's going to
be less sellers and that's when I think we start
(09:14):
to see a run on Eth. All right, guys, if
you're not in the diamond Circle Mixture and get in
on that. It's our own group that is absolutely free
to use, and of course I drop an email every
week that kind of gives you guys an update on
additional research, my thoughts on where the market is heading.
Do that clickling down below, follow me on X at
Paul Baron. We'll catch you next time right here on
(09:34):
The Paul Baron Show
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