Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency will not save Russia from sanctions
by
cr1776
on 03/03/2022, 18:02:05 UTC
Crypto may not save Russia from sanctions, but it can save people in Russia, Ukraine, or Taiwan, or places anywhere near those places from losing money.  You can leave anywhere with your bitcoin.  Trying leaving, say, Hong Kong with a few ounces of gold.  Think about the rules for gold in India too. 

So I'd say crypto may or may not help the governments in these places, but it can definitely help people who are paying attention.  Of course this goes for everyone around the world.  A large majority of politicians are power-hungry crooks who are willing to sacrifice their people and liberty for money.


Considering the numerous restrictions on the Russian Government they are still strict measures on every transaction that is displayed on the Blockchain. Any huge amount of money moved into a wallet will be flagged and checked if it's headed to the Russian Government. And it'll be difficult for Russian Government to convert a huge Bitcoin into Fiat as well. Do you think they can get around the corner and still escape the numerous financial restriction on their country through Bitcoin or altcoin

https://www.aljazeera.com/economy/2022/3/1/crypto-will-not-save-russia-from