Story of the day
As a result of the Russia-Ukraine conflict, the US and its allies have imposed sanctions on Russia, cutting them off the SWIFT network. Payment networks like VISA, Mastercard, and PayPal have also suspended their Russian services. Russians are now facing inflation and shrinking asset valuations that erode their wealth, alongside the closure of stock exchange trading and long ATM queues. Bitcoin has emerged as the unconventional saviour, seeing both retention of value and tradability preserved in this crisis.
