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A comment on Russian central bank confirms block on foreign bids to sell Russian securities. Parent comment

Re:Russian central bank confirms block on foreign bids to se... by muhammedbash on Monday February 28, 2022 @10:35AM (#30500938)
The 1% analog is redundancy in traditional currencies. Outside the developed economies a huge chuck of transactions is still done with physical cash.

I imagine it would be a lot more convenient to have some hard currency at hand when fleeing a conflict zone. One might need to bribe border guards at some remote location with unreliable (or non-existent) internet connection, to get to safety.

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Re:Russian central bank confirms block on foreign bids to se... by rmbyrro on Monday February 28, 2022 @05:14PM (#30505914)
Sure, holding crypto doesn't prevent anyone from also holding physical cash.

Both are quite valuable tools to defend oneself. They have different balances between risk, convenience, liquidity, anonymity.

[ Parent | on HN ]