Lancasterclaret wrote: ↑Mon Feb 28, 2022 6:02 pm
I know this isn't the thread for this, but I don't see how in the short or medium term, cryptocurrencies help Russia
It sounds like a huge undertaking
It isn't just crypto helping Russia in what I posted, millions have been given to Ukraine from worldwide sources for the war effort, including $25 to every Ukraine citizen to try and help.
I don't think it will help Russia all that much but it is definitely a source to ease their currency/financial issues and allows any foreign country to pay them for energy related commodities, oil & gas. It's a way to for Russians themselves to get by without the Ruble and helps them in this crisis, which is not of their making or will.
Yet Russia is well know for crypto and I've no idea at the government level what knowledge/will there is to utilize this as a go around to the SWIFT issue.
It is what is happening and therefore pertinent to financial crisis Russia has, they are still trading with the likes of China utilizing their equivalent to the SWIFT, therefore if people are going to debate/discuss the financial side, I am only trying to provide info that some may not of thought of. I am not promoting it as a solution that defeats the sanctions, just that it may not be as bad as some believe, I suppose we will see in the near future because crypto transfers are open source and can be tracked, therefore potentially stopped.
Additionally the links provided info regarding the main exchanges blocking accounts originating in Russia. So it may not be the solution some may think it is either, but in this, many of the ordinary Russian population will also be hurt, which at the end of the day, I suppose it's what the sanctions are supposed to do, creating unrest from within.
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