Will the Ukraine War end the USA and World use of cryptocurrency?
The Chicago Tribune – NYT _ article titled: To Blunt Sanctions, Russia can turn to Cryptocurrency, reported
“Should it choose to evade sanctions, Russia has multiple cryptocurrency-related tools at its disposal, experts said. All it needs is to find ways to trade without touching the dollar.”
3 1 2022 Bitcoin price is $ 44,957
The Purpose of This Post
Is to relate ancient wisdom verse to this conundrum.
King Solomon
Cast but a glance at riches, and they are gone, for they will surely sprout ‘wings and fly off to the sky like an eagle. (Proverb 23:5)
What’s My Point?
If Russia can use cryptocurency to circumvent World Sanctions being used as a form of an attack weapon, cryptocurrency use will be used as a weapon of defense.
In My Opinion
China leaders appear to be wiser than the USA when they outlawed the use of cryptocurrency.
Time for the USA to wise up to the use of cryptocurrency as a tool for Anonymity afforded by users to make use of cryptocurrency to mask unlawful use.
If now used to circumvent World sanctions of Russia, it is folly for the USA and World to allow the use of cryptocurrency, in my opinion
If Interested
Read the source links below
You Decide
Is it wise or foolish to allow cryptocurrency to be used as legal tender in time of war?
Should current owners of cryptocurrencies discern King Solomon above advice
Regards and goodwill blogging.
Source Links
Chicago Tribune – NYT
Wikipedia Cryptocurrency
https://en.wikipedia.org/wiki/Cryptocurrency
Cryptocurrency Prices
Rudy u Martinka 