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The allure of cryptocurrency is that it’s decentralized and detached from the greater financial system. It’s also extremely volatile. But because of the heavy sanctions placed on Russia, the ruble, the country’s currency, has collapsed and people can’t as easily access foreign currencies, leading some Russians to look at crypto. Something similar has been happening in Ukraine.
Today, we talk about the appeal of cryptocurrencies during the Russia – Ukraine War and why the volatility isn’t scaring people away from acquiring more.