Cryptocurrencies have proven to be an effective weapon against Russia, ConsenSys founder and Ethereum co-creator Joseph Lubin said in an interview Decrypt.
In his opinion, the war in Ukraine predetermined the further integration of digital assets into the global economy:
“This is another moment for our industry to achieve mass adoption. [криптовалют]. Now it will become a matter of national security. These events are a point of no return for the industry, as they make it clear that our technology is powerful and unstoppable,” he said.
The co-founder of Ethereum is convinced that in the future, cryptocurrencies “will be used by many states, regardless of who says or does what.” He compared the efforts of the authorities to regulate the crypto industry to an arms race:
“Our country and many others will have to learn how to use this powerful tool, this weapon. Nobody likes guns, but you need to be able to handle them in the same way as your neighbors.
However, global leaders are “late to the party,” Lubin said, commenting on US President Joe Biden’s instruction to the government to coordinate efforts to regulate cryptocurrencies:
“Hey, [государственные] agencies wake up! That’s what he literally said.”
Since the beginning of the Russian military invasion of Ukraine, the international crypto community has donated more than $100 million to Ukrainian charitable foundations.
Recall that the head of the FTX bitcoin exchange, Sam Bankman-Fried, called cryptocurrency receipts a “great example” of supporting the population of Ukraine, who have lost access to banking services.
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Cryptocurrencies have proven to be an effective weapon against Russia, ConsenSys founder and Ethereum co-creator Joseph Lubin said in an interview Decrypt.
In his opinion, the war in Ukraine predetermined the further integration of digital assets into the global economy:
“This is another moment for our industry to achieve mass adoption. [криптовалют]. Now it will become a matter of national security. These events are a point of no return for the industry, as they make it clear that our technology is powerful and unstoppable,” he said.
The co-founder of Ethereum is convinced that in the future, cryptocurrencies “will be used by many states, regardless of who says or does what.” He compared the efforts of the authorities to regulate the crypto industry to an arms race:
“Our country and many others will have to learn how to use this powerful tool, this weapon. Nobody likes guns, but you need to be able to handle them in the same way as your neighbors.
However, global leaders are “late to the party,” Lubin said, commenting on US President Joe Biden’s instruction to the government to coordinate efforts to regulate cryptocurrencies:
“Hey, [государственные] agencies wake up! That’s what he literally said.”
Since the beginning of the Russian military invasion of Ukraine, the international crypto community has donated more than $100 million to Ukrainian charitable foundations.
Recall that the head of the FTX bitcoin exchange, Sam Bankman-Fried, called cryptocurrency receipts a “great example” of supporting the population of Ukraine, who have lost access to banking services.
Subscribe to Cryplogger news in Telegram: Cryplogger Feed – the entire news feed, Cryplogger — the most important news, infographics and opinions.
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