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Good, Bad and Ugly of Crypto in the Russian-Ukrainian War – InsideSources

Good, Sanctions, Evasion, Ukraine, Tool, Cryptocurrency, Russianukrainian, Crypto, Industry, Insidesources1 min read

Russia-Ukraine war raises questions about how cryptocurrency can be used to change the nature of war and conflict in the 21st century. The role of cryptocurrency in this conflict has broadly validated the ideals of its proponents rather than legitimizing the concerns of the skeptics. Policymakers should assess cryptocurrency’s good, bad and ugly as a geopolitical tool and take steps to align regulations accordingly, says Julian Zelizer. Zelizer: It is inappropriate for crypto advocates to pretend current system is satisfactory, regardless of growth as growth as expected. If we don’t implement adequate security, compliance, and know-your-customer measures now, the industry will inevitably have to react to more serious future issues, he says. If not now, it might be too late to react Source

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