: Cryptocurrencies are helping both Russia and Ukraine. But can Putin use them to bypass sanctions? #IndiaNEWS War is expensive. The United States spent about .1 trillion on the 2003 Iraq war in today’s

Cryptocurrencies are helping both Russia and Ukraine. But can Putin use them to bypass sanctions? #IndiaNEWS
War is expensive. The United States spent about .1 trillion on the 2003 Iraq war in today’s money, while the Falklands war cost the UK the equivalent of about £2.6 billion.Funding is, therefore, an important resource in any conflict, similar to that of artillery, fuel and boots on the ground. The burden of finance traditionally falls to governments, often in the form of issuing war bonds. Ukraine is currently issuing 0 million in war bonds for that very purpose.Interestingly, however, Ukraine is also drawing on options that were not available until very recently. Several days after the Russian invasion, Mykhailo Fedorov, vice prime minister of Ukraine and minister of digital transformation, called on people around the world to show solidarity with Ukraine by making crypto donations.Stand with the people of UkraineNow accepting cryptocurrency donations. Ethereum. Bitcoin and Tether (USDTtrc20)BTC — 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1PETH — 0x165CD37b4C644C2921454429E7F9358d18A45e14USDT (trc20) — TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy— Mykhailo Fedorov (@FedorovMykhailo) February 26, 2022 At the time of writing, donations have exceeded million. This may not be in the same league as the value of the war bonds or the financial aid and military assistance being offered by governments around the world, but it is not insignificant. It shows individuals collectively having a state-like impact on the global stage.This new way of accessing global private capital is a refreshingly welcome facet of cryptocurrencies....Read more

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