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''In her lecture accepting the Nobel Prize for literature, Svetlana Alexievich explained that in Russia 'suffering is our capital, our natural resource. Not oil or gas – but suffering. It is the only thing we are able to produce constantly.'''
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Coins like Bitcoin and Ethereum have emerged as a major source of funding for Ukraine's battle against Russian military intervention.
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Responsible diplomacy is anticipating how other regimes will react to perceived threats—and acting to avert wars by recognizing and addressing these views. The US appears to be more concerned in virtue signaling.
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The Turkish lira had lost 44 percent of its value versus the dollar in one year before handing over the unenviable distinction of the world's worst-performing currency to the Russian ruble. Its purchasing power at home has also dwindled: depending on whether you believe official figures or private assessments, inflation in Turkey ranges from 54% to 124%. So, how did the residents react? For one thing, the tech-savvy classes opted for cryptocurrency.
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'[A]ny electronic-cash model that necessitates regular human oversight will eventually be captured by the same legal regimes that govern the legacy financial system, because the presence of human actors (who, of course, can be fined, jailed, or forced into plea bargains) represents a vulnerability that government actors can and will exploit to assert control. The one-sentence explanation for bitcoin's success is that it solves this challenge in what appears to be the only way possible: by removing human decision makers entirely from the system.'
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Ukraine has passed legislation that establishes a legal framework for the country's cryptocurrency business.
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On March 16, 2022, Ukraine's President signed the bill 'On Virtual Currency.'
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Reflecting on people's willingness to fight for what they believe is right.
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In the midst of the ongoing Russo-Ukrainian conflict, Western countries have put a plethora of sanctions on Russia in order to wear down the Russian economy. The United States and the United Kingdom recently announced additional energy sanctions against the Kremlin.
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Frustration with the costs of the Ukraine war and the accumulating economic sanctions, according to some political observers, may lead to President Putin's demise.