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The sanctions regarding exports to Russia have to this point been relatively limited. The financial sanctions are what are doing the work right now. Russia's p
by shock-value 5y ago
The sanctions regarding exports to Russia have to this point been relatively limited. The financial sanctions are what are doing the work right now.
Russia's principle problem is that its own currency is becoming worthless and external currencies are becoming inaccessible. This is a problem for the Russian state as well as individuals residing in it. If a ubiquitous and stable worldwide cryptocurrency were to exist, this would no longer be so much of a problem for Russia, to the detriment of all other sane countries.
- randy408 5y agoLet's not kid ourselves, if there was such cryptocurrency the sanctions would have been drafted differently and the end result would have been the same.
- awillen 5y agoThe sanctions are being created for the world in which we live now. If you want to consider a theoretical world in which crypto is the main form of currency, you would also need to consider what kind of sanctions governments would impose in that world, not just assume that they'd do the exact same thing they're doing in the current circumstances.