However, it’s unlikely that cryptocurrencies will take over the role of state-backed money, says PiyushGupta.
Diese Kniebandangen könnten Ihre Knie 20 Jahre jünger werden lassenAs the West rolls out more sanctions against Moscow for its war in Ukraine, another penalty joins the list: no more Big Macs for Russia.Bitcoin led a rally in cryptocurrencies on Wednesday after what appeared to be a prematurely published U.S. Treasury statement allayed market worries about a sudden tightening of U.S. rules around digital assets.
Treasury Department did not immediately respond to Reuters' emailed request for comment about the statement outside of business hours.Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions fears and pricing uncertainty are limiting trading activity and the ability of buyers to act, several banking sources said.
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