Russia-Ukraine war prompts other countries to create their own cryptocurrencies

According to what can be synthesized from the content socialized by multiple international news portals, the economic sanctions imposed by Western states on Russia after having initiated the war against Ukraine, have brought back to the table the preponderant role that cryptocurrencies may have in the future.

It is unquestionable that since the beginning of the war, Western states have reinforced their controls over cryptocurrencies due to possible Russian maneuvers, however, the whole pool of sanctions seems not to have achieved its objectives if we take into account all the legal aspects that the Russians have promoted in order to be able to trade with cryptocurrencies.

Let's remember that all the economic and financial tensions that the countries of the West have caused due to the possibility that Bitcoin and other cryptocurrencies may be used by the Russian state to circumvent economic and financial sanctions, while Russia does not rule out the possibility of advancing with a "digital Ruble" in order to stop depending on the dollar in international trade exchanges.

Now, in addition to Russia, other countries also want to have their own cryptocurrency, mainly China, who according to experts in digital assets, Russia is not the only one interested in the creation of a cryptocurrency that breaks the dollar standard and allows countries around the world to trade without having to resort to the U.S. currency.

For example, China's push for its digital yuan prompted other countries to move forward with their own cryptocurrencies, in fact, both in the United States and in Europe there has been talk for some time of launching the dollar and the euro in digital versions respectively.

I would like to know your opinion on whether the launch of classic coins in digital version can favor the growth of the cryptocurrency market?.

Bloomberg Crypto Revolution Spurs Central Banks to Design Money’s Future. Link