Why Russia choose cryptocurrency as funding source

[Flow-er]

The war between Russia and Ukraine is causing mayhem in the world. It gradually creating political unrest all over the world, the powerful countries are beginning to interfere in the whole issue as Russian president Putin isn't ready to leave the shores of Ukraine. Putin is bent on invading Ukraine and he is making strategic plans to run over the small country with their sophisticated weapons. There is no doubt that he the pressure keep increasing, it may emanate to a world war because many power countries may come to the rescue of Ukraine.

Sanctions are targeted at Russian Russian banks, technology and aerospace operators. The European Union feel that the only way to circumvent the war is to tame the wings of the Russian troops. This could be achieved by ceasing all the sources of power . This is the reason why the sanctions would be Placed. However, the president of Russia , putin made it known that the country will circumvent the blacklist by using cryptocurrencies as a means of funding. We know that cryptocurrency is completely free of governmental manipulations because of its decentralized nature.

How do you think that Russia will avoid the blacklisting by the European Union?

 

[Lens1000]

The story really caught my attention and it very imperative for the big countries to look for ways to stop the Russian troops from invading Ukraine. The sanctions should be enforced very quickly. This will stop the war outrightly but the use of cryptocurrency will be a serious setback for the sanctions to take its cause. This is one of the reasons why cryptocurrency are been castigated by many countries.