Topic: Russia cut off from Swift is fantastic opportunity for bitcoin - page 7. (Read 1248 times)
February 24, 2022, 12:00:56 PM
I think Putin knew what to do, he's a really smart guy, he backtracked on the decision to ban Bitcoin that the Russian bank had taken a short time ago, he was going to war and he knew that the United States and its allies would impose harsh economic sanctions on Russia and that could disrupt the economy so it would decline About the decision to ban Bitcoin until there is an open window to the world and an easy means of financial transfer between Russia and the world, of course the United States and NATO will not be able to prevent Russia from using Bitcoin.
February 24, 2022, 11:44:07 AM
Or is this a connection the Russians are deliberately trying to implement that we weren't aware of before? Like before they invaded Ukraine, preparing Bitcoin legality plans spread. Then the invasion was launched, prices dropped and Russia took those prices for a discount. That's just my speculation for now. However, now everyone is watching Russia busy invading by attacking the Ukrainian capital.
Some of the sources I read, if I'm not mistaken that Russia just wants to maintain the neutrality of Ukraine's position so as not to join NATO, Biden has sent 6000 US troops there to take advantage during the end of aid services to pressure Ukraine to join NATO.
Some of the sources I read, if I'm not mistaken that Russia just wants to maintain the neutrality of Ukraine's position so as not to join NATO, Biden has sent 6000 US troops there to take advantage during the end of aid services to pressure Ukraine to join NATO.
February 24, 2022, 11:39:17 AM
I'm reading many articles explaining that Russia shall be cut off from the SWIFT global interbank payments system, as a sanction in response to its invasion of Ukraine. That means it would be impossible to make bank transfers between Russia and most other countries.
I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
I have been reading about this as well and am hopefully that Russia being cut off from SWIFT actually makes a big difference in their ability to transfer monies across the glob, but I'm not sure it'll have the big effect that many ( and certainly NATO/ UN) hope it will. I been reading that they already have ways around this particular sanction that will make being cut off from SWIFT not really a big deal. I guess time will tell.
February 24, 2022, 11:22:06 AM
See the thing is right now people are taking money out, they are taking all their assets out as well, selling bitcoins and selling other cryptocurrencies and volatile assets in the market so that they would be able to hide from the war. Therefore the value have dropped drastically as well, I do think it's a great opportunity for Bitcoins but one has to consider the way Russia is planning to use Bitcoins as well. Am quite afraid that it would not be used for good..the banking system would be widely affected internationally causing more probelms for the citizens living everywhere also the oil and gold is spiking fast, a new way for inflation now.
February 24, 2022, 11:08:33 AM
Swift payment system has many competitors:
CLS (Continuous Linked Settlements)
Financial Message Transfer System (SPFS) (Russia)
UnionPay (China)
JCB(Japan)
Under the conditions that the shareholders of large Russian companies are American and European investors, then the damage from the shutdown of Russia will be more for foreign companies.
CLS (Continuous Linked Settlements)
Financial Message Transfer System (SPFS) (Russia)
UnionPay (China)
JCB(Japan)
Under the conditions that the shareholders of large Russian companies are American and European investors, then the damage from the shutdown of Russia will be more for foreign companies.
February 24, 2022, 10:48:34 AM
Russia has been working on legalizing bitcoin for the last couple of weeks. They definitely knew what they were doing.
Sure, bitcoin cannot be banned but let's say the U.S and the EU decide to ban bitcoin just because Russia is using it to avoid their sanctions (or at least use that as an excuse), what do you think would happen then (if we're talking about the price)?
Sure, bitcoin cannot be banned but let's say the U.S and the EU decide to ban bitcoin just because Russia is using it to avoid their sanctions (or at least use that as an excuse), what do you think would happen then (if we're talking about the price)?
We've been hearing for years that BTC was used to finance terrorists, Russia may bring some more regulations, but I'm not expecting them to have an effect on price.
February 24, 2022, 10:00:00 AM
I fully agree with the thesis of the author. The number and volume of transactions in bitcoins from Russia will grow, SWIFT may be turned off and this will even cause problems for the financial system of the Russian Federation. But this topic has been discussed for quite a long time and it will not come as a surprise. In addition, there is the factor of losing an "important client". After all, there is a huge amount of money. Why waste this money because of Ukraine? I am sure that this will not happen in any case until Russia is at war with the North Atlantic Alliance.
February 24, 2022, 08:59:11 AM
I will never see war as a great opportunity, even for Bitcoin. War is the last thing we all need, let's pray for peace and the rest will follow. War never solved anything in this world and will never will.
February 24, 2022, 08:57:09 AM
Russia has been working on legalizing bitcoin for the last couple of weeks. They definitely knew what they were doing.
Sure, bitcoin cannot be banned but let's say the U.S and the EU decide to ban bitcoin just because Russia is using it to avoid their sanctions (or at least use that as an excuse), what do you think would happen then (if we're talking about the price)?
Sure, bitcoin cannot be banned but let's say the U.S and the EU decide to ban bitcoin just because Russia is using it to avoid their sanctions (or at least use that as an excuse), what do you think would happen then (if we're talking about the price)?
February 24, 2022, 08:52:37 AM
I'm reading many articles explaining that Russia shall be cut off from the SWIFT global interbank payments system, as a sanction in response to its invasion of Ukraine. That means it would be impossible to make bank transfers between Russia and most other countries.
I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
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