avatar of @magnacarta
1 min read

10 years ago, Russia being removed from the SWIFT system for payments processing would have been the kiss of death. Since then, Russia has seen the writing on the wall and moved with other nations to work on establishing an alternative to SWIFT which would be open to any nation.

Additionally, Russia had moved to de-dollarize as much of its economy as possible, and conducts trade with China and a couple of other nations in local currencies.

It won't be fun for Russia to get kicked out of the SWIFT system, but if it ever came to pass Russia would be ready to survive.

Russia could benefit from being friendly to crypto, yet it isn't. Why this is the case, I have no idea.

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