Mazda3 Posted March 20, 2018 #1 Posted March 20, 2018 The degree of dollarization of the world economy is so high that the US can block large segments of foreign trade with the help of sanctions. This creates a demand for crypto-currencies. The national Russian crypto currency will reduce the dependence of the economy on Western sanctions. This was stated in an interview with Gazeta.ru by Sergei Glazyev, an adviser to the Russian president and academician of the Russian Academy of Sciences. "A positive factor in the introduction of digital currency is the creation of a high-tech and secure system for exchanging interbank information, including for international circulation, especially on a sanctions background, creating permanent risks of Russia's disconnection from relevant Western decisions," Glazyev said. He specified that with the help of the national crypto currency, sanctions can be bypassed. "We see that banks have been very vulnerable to sanctions, including Russian banks.The degree of dollarization of the world economy is so high that the Americans can indeed block large segments of foreign trade with the help of their sanctions, and, of course, this creates a new demand for crypto-currencies. This is an objective way, this applies not only to Russia, but all countries against which the Americans apply sanctions, "Glazyev explained.
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