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If SWIFT stops Russia from normal banking, will 144 million Russians be forced or incentivized to park their money in Crypto?

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by COINS NEWS 170 Views

I don’t know the answer to this question. I just saw images of Russians in lines to withdraw money from their banks. The money is safer in BTC/other crypto, then a bank, which might be freezing assets or having a bank run.

Anyone here know about the protections of the Russian banking system? Do they have an equivalent to FDIC? Any Russians on here moving there money out of banks into BTC?

The last year has taught me when situations like the one in Afghanistan or now in Eastern Europe arise BTC is a life line to people who can’t trust the banking system.

I hope the people of Russia (who didn’t make the decision to go to war) have the ability to access their money, but if not I hope BTC can be the lifeline to access groceries or rent or whatever the Russian citizens need to live their life.

submitted by /u/Creepy-Purchase-5630
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