In reaction to aggressions against Ukraine, SWIFT-based transfers are planned to be blocked. This may leave cryptovalues as
the best next option.
Will the pro-Ukraine alliance be forced to ban Bitcoin as a subsequent step?We don't know but I believe they can if they want to. Now assuming they did manage to ban Russians from foreign crypto exchanges. What can Russians do? Do they have exchanges that are based in Russia that Russians would be at least be able to use in their own country?
I'm curious how jurisdictions would work. I suppose they can ask exchanges based outside Russia to ban Russians from use but what if the exchange is based in Russia? Wouldn't banning it would also result people from other countries that have their money in there to lose access to it?
Sec Warren recently said that "crypto is the hole. Crypto, you have to choose, either do business in Russia, or do business in the US, but you can't do both."
She wants to fight 'tyranny' with tyranny itself. Ridiculous.
That was like asking money to choose sides LOL.