Blockchaining to-do tasks for the day, and already partly done, but now must go "get-baguette", for lunch later. The word is in same spirit as 'getgold', a verb, adverb, adjective and noun, and meme
Message 33739530
Message 33739569
Message 33738481
and
read some stuff, and believe none of it as a starting base
(0) Hmmmmnnnnn ... weaponisation of central banking already done-done, by all, and now we wait for the next act
(1) The rapacious money crowds in bloomberg.com
Wall Street Is Already Pouncing on Russia’s Cheap Corporate Debt Banks, hedge funds bid on bonds from Gazprom, Russia Railways Conventional distressed bets draw scrutiny under shadow of war
(2) BS walks bloomberg.com
Seizing Assets of Russia’s Elite Is Far Trickier Than Sanctions Politicians’ tough talk belies strict property laws, crypto Russia’s rich amassed fortunes long ago, complicating matters
(3) The Games must go on bloomberg.com
Ukraine Athletes Say Beijing Games ‘Front Line’ as Russia Banned IPC earlier decided to allow participation as neutral athletes Multiple teams threatened boycott that could have halted games
(4) Maybe matters to a lot of things bloomberg.com
Russian Troops Shell Europe's Largest Nuclear Power Station in Ukraine
(5) If so, then watch Team USA response, that which can cause a serious problem all around the planet, except, perhaps, China
...
bloomberg.com
Energy-Rich Russia May Turn to Bitcoin Mining to Dent Sanctions
Crypto mining would give Russia access to some hard currency Size of economy means mining would only have marginal impact
Jialiang David Pan
4 March 2022, 02:21 GMT+8
Crypto Report: Monitoring Sanctions Evasions
Rich in energy, but starved of foreign currency, Russia may use Bitcoin mining to dent the impact of ever tougher sanctions as the war in Ukraine drags on, according to one analyst.
“It wouldn’t be a stretch for the Russian government or certain sanctioned entities to look to mining as a way to get access to Bitcoin,” said David Carlisle, director of Policy and Regulatory Affairs at blockchain analytics firm Elliptic. “They could be translated to goods and services or just hard cash.”
Countries such as Iran might have already leveraged mining of crypto currencies, which is highly energy intensive, to convert its sanctioned energy into Bitcoin and hard currency for the government.
About 4.5% of Bitcoin mining took place in Iran in the last year, potentially generating $1 billion for the government, Carlisle said. At the same time, Russia and Belarus have been two of the most welcoming countries after China issued a blanket ban on crypto mining last May. China was the largest Bitcoin mining hub in the world and some Chinese miners have migrated to central Asia and eastern Europe, including Russia.
Russia’s President Vladmir Putin has backed crypto mining, despite the Bank of Russia’s proposal to ban mining and trading. Belarus said in January it would continue its liberal crypto rules.
Carlisle listed crypto mining along with cyber crime and non-compliant entities such as certain crypto exchanges as three potential ways for Russia to evade sanctions. However, given the size of Russia’s economy and its financial market, crypto is unlikely to play a big role in helping Russia to circumvent sanctions. |
