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Dysfunctions of all sorts!

Earlier this year I was working with a student who was interested in Putin’s invasion of Ukraine and Ukraine’s use of cryptocurrencies, which was becoming a major issue. Ukraine had been using cryptocurrency to cover the funding of its weapons systems as it acts as a currency bound by no state and that has one of the easiest processes of international conversion. Lockheed Martin produces weapons systems, such as the Javelin anti-tank missiles, which Ukraine had initially been effectively using to defend its country from the Russian invasion.

Countries that do not rank high in measures of economic wealth, such as Gross Domestic Product (GDP), generally do better in the world of cryptocurrency. There are tools that can trace cryptocurrencies and related digital assets across blockchains to improve the current analysis of cryptocurrencies and their performance within economic activity.

Russia has been against using cryptocurrencies as a payment method in order to protect the Russian ruble, but this fear may soon be changing with all the economic sanctions imposed on Russia that appear to be increasingly highly effective even with goods not placed under economic sanctions! So stay tuned for a worsening situation for Russia!

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Thanks. Crypto is a huge international problem, which will become worse. Preferred exchange of the "Dark Web." Check out 6/30/22 The Washington Spectator." Dave Troy has an article, "Paranoia on Parade," ect. Unbelievable work. We need to be discussing this much more.

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