Bitcoin could get rejected soon..!
I believe the recent surge in crypto could be because of Russians converting their Russian Ruble to crypto ..!
The U.S. Treasury Department’s sanctions cop, the Office of Foreign Assets Control, will likely go after crypto exchanges and other digital currency platforms that violate bans against transactions with blacklisted Russian banks such as the country’s two largest, VTB and Sberbank.
(WSJ)
Russian Ruble:
Moreover,
VanEck Russia ETF (RSX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Russia Index (MVRSXTR), which includes publicly traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia.
RSX is under attack by WallStreetBets Apes, they push RSX to its historical low..!
Someone's calculations were 100% wrong, in the battlefield and other fields..!
War is the unfolding of miscalculations. (Barbara Tuchman)
Reference article:
https://www.wsj.com/articles/russian-bitcoin-and-other-cryptocurrencies-could-be-part-of-future-sanctions-11645902740
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
I believe the recent surge in crypto could be because of Russians converting their Russian Ruble to crypto ..!
The U.S. Treasury Department’s sanctions cop, the Office of Foreign Assets Control, will likely go after crypto exchanges and other digital currency platforms that violate bans against transactions with blacklisted Russian banks such as the country’s two largest, VTB and Sberbank.
(WSJ)
Russian Ruble:
Moreover,
VanEck Russia ETF (RSX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Russia Index (MVRSXTR), which includes publicly traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia.
RSX is under attack by WallStreetBets Apes, they push RSX to its historical low..!
Someone's calculations were 100% wrong, in the battlefield and other fields..!
War is the unfolding of miscalculations. (Barbara Tuchman)
Reference article:
https://www.wsj.com/articles/russian-bitcoin-and-other-cryptocurrencies-could-be-part-of-future-sanctions-11645902740
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.