Re:Ask HN: Is the war in Ukraine the end of freedom for cryp...
by rvz on Friday March 04, 2022 @08:01AM
(#30554078)
> How would the Western democracies respond to that? Will we see greater efforts to regulate cryptocurrencies?
Yes, especially outside of the west first. By transitioning to CBDCs just like how China has done. There are CBDC trials that use the cryptocurrency technology, even in Ukraine by Stellar Network [0] and Bhutan for XRPL [1] to power it.
Probably Russia will introduce their own digital currency that they can control.
Yes, especially outside of the west first. By transitioning to CBDCs just like how China has done. There are CBDC trials that use the cryptocurrency technology, even in Ukraine by Stellar Network [0] and Bhutan for XRPL [1] to power it.
Probably Russia will introduce their own digital currency that they can control.
[0] https://www.coindesk.com/policy/2021/12/14/ukraine-commercia...
[1] https://ripple.com/insights/bhutan-advances-financial-inclus...