If the SWIFT ban is true, is it possible for Russia to work around that ban by adopting Bitcoin as their state currency?
If the SWIFT ban is true, is it possible for Russia to work around that ban by adopting Bitcoin as their state currency?
Sebastian Allen
Parker Barnes
They will rather use briefcases with cash. Probably Euro, dollar, swizz franc and yuan
Bentley Morales
Nah they'll do currency swaps with china or settle payments in gold.
Samuel Allen
Bitcoin would get banned or at least converting it out in western countries would be covered in sanctions.
Nathan Torres
Yes. You are also forcing other EU countries to use whatever system Russia comes up with to pay for their oil and gas, and Europe gots a lot of that from Russia. Funny enough this will hurt the US more overall, a big bite out of the petro-doller. It's going to be funny watching this backfire.
Carter White
SWIFT ban also includes a trade embargo though? EU will surely put a rider in the legislation banning trade with Russia.40RNS
Sebastian Nelson
Russia will directly exchange goods or use gold/silver as medium of exchange.
Hudson Brooks
Bitcoin can easily be traced so no.
Caleb Morales
Due to how fast shit's been moving over the last few days I don't know if this is still accurate, but from what I've seen the embargo doesn't touch oil or gas. So it pretty much does Jack shit.
People need to realise that Russia has been sanctioned to hell and back already, they've been creating a parallel economy to the global economy for years now. A SWIFT ban is going to force more people to use Russia's systems because a retarded Swedish girl somehow convinced entire countries to fuck up their own energy production.
Isaac Jenkins
What's the game's name?
Nathan Garcia
I guess you could say that would be a SWIFT retaliation from the west.
Luke Wood
rt.com
Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders.
The move appears to be a response to a series of warnings that Western nations could push to disconnect Russia from the Brussels-based SWIFT financial system as a form of sanctions.
The payment platform underpins the vast majority of international transactions. During the talks on Wednesday, Russian President Vladimir Putin and his Chinese counterpart Xi Jinping called for increasing the share of national currencies in mutual settlements and expanding cooperation to provide Russian and Chinese investors with access to stock markets, said Yuri Ushakov, Putin’s foreign policy advisor.
Nathaniel Evans
Shadow president
Jaxon Flores
Not gonna happen because a SWIFT ban would crash the dollar
David Rivera
>Shitcoins as currency
Imagine being such a faggot non-country you use a CIA psyop as your currency
Josiah Hill
Taylor Swift?
Ryder Price
twitter.com
Quick forward look at removing Russia from SWIFT
I am not convinced this doesn’t begin a rapid determination of East / West finance.
Daniel Howard
“India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on New Delhi of Western sanctions imposed on Russia
Indian officials are concerned that vital supplies of fertilizer from Russia could be disrupted…”
Ryder Cook
Thanks!
Cameron Diaz
Crypto will be part of this workaround as well. It will not be a big part initially. But will grow with time.
Brandon Hernandez
No, we already have an alternative system. You'll have to buy Roubles now.
Or Yuans if you want to go with Chinese system.
Aaron Hughes
Kek lets cut all our aid from India and leave the rats to starve
Daniel Reed
They want to crash the dollar to bring in their Central Bank Digital Currency, that's why they've been rapidly inflating the dollar for the last 3 years