Is Crypto A Way To Avoid International Monetary Sanctions?

[vanzandt]

If I was a Russian oligarch with billions of dollars and I was staring down the reality of having all my assets frozen if Putin leads an invasion into the Ukraine, I think I'd be buying some BTC or Ethereum before it's too late. Seems logical to me.

Perhaps that's the reason these things bounced.
Is there more bounce to come?
I wonder what the various Western governments, especially the U.S and UK, would have to say about this, or are there already regulatory safeguards in place to deal with this?
....Inquiring minds.

 

[mlawson71]

Those crypto assets may lose their value very rapidly though.

 

[vanzandt]

Those crypto assets may lose their value very rapidly though.

That's what I was thinking too.
If Putin stands down, will we see redemption's back to cash?
I think I'd be buying bags of quality diamonds if I had this problem.

 

[mlawson71]

I really hope he stands down, for everyone's sake. Another war would be a terrible thing.

 

[TrailerParkTed]

That's what I was thinking too.
If Putin stands down, will we see redemption's back to cash?
I think I'd be buying bags of quality diamonds if I had this problem.

My zealous Evangelical buddies are saying this is it(Covid, May 2011, 2000, 1994, 1980, 1941 were it too.) Some of the Apocalypse guys bought $20,000 worth of Costco canned meats in the last two weeks to put in their bunkers up in Mariposa County. I asked how come they were not getting a first class Rapture ticket like all the good people here?

 

[murray t turtle]

Those crypto assets may lose their value very rapidly though.

%%
ACTUALLY a few people made money with Burnie maddof before most of them got burned. His crookedness, strangely never seemed to affect the NasdaQ much

 

[VicBee]

My zealous Evangelical buddies are saying this is it(Covid, May 2011, 2000, 1994, 1980, 1941 were it too.) Some of the Apocalypse guys bought $20,000 worth of Costco canned meats in the last two weeks to put in their bunkers up in Mariposa County. I asked how come they were not getting a first class Rapture ticket like all the good people here?

America has so many of these crackpots... Advise them to stop watching end of world movies and series. Their capacity to absorbe and laugh is nil.