02-28-2022, 03:14 AM
If SWIFT stops Russia from normal banking, will 144 million Russians be forced or in
<!-- SC_OFF --><div class="md"><p>I don’t know the answer to this question. I just saw images of Russians in lines to withdraw money from their banks. The money is safer in BTC/other crypto, then a bank, which might be freezing assets or having a bank run. </p> <p>Anyone here know about the protections of the Russian banking system? Do they have an equivalent to FDIC? Any Russians on here moving there money out of banks into BTC?</p> <p>The last year has taught me when situations like the one in Afghanistan or now in Eastern Europe arise BTC is a life line to people who can’t trust the banking system. </p> <p>I hope the people of Russia (who didn’t make the decision to go to war) have the ability to access their money, but if not I hope BTC can be the lifeline to access groceries or rent or whatever the Russian citizens need to live their life.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Creepy-Purchase-5630"> /u/Creepy-Purchase-5630 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t2mp79/if_swift_stops_russia_from_normal_banking_will/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t2mp79/if_swift_stops_russia_from_normal_banking_will/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I don’t know the answer to this question. I just saw images of Russians in lines to withdraw money from their banks. The money is safer in BTC/other crypto, then a bank, which might be freezing assets or having a bank run. </p> <p>Anyone here know about the protections of the Russian banking system? Do they have an equivalent to FDIC? Any Russians on here moving there money out of banks into BTC?</p> <p>The last year has taught me when situations like the one in Afghanistan or now in Eastern Europe arise BTC is a life line to people who can’t trust the banking system. </p> <p>I hope the people of Russia (who didn’t make the decision to go to war) have the ability to access their money, but if not I hope BTC can be the lifeline to access groceries or rent or whatever the Russian citizens need to live their life.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Creepy-Purchase-5630"> /u/Creepy-Purchase-5630 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t2mp79/if_swift_stops_russia_from_normal_banking_will/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t2mp79/if_swift_stops_russia_from_normal_banking_will/">[comments]</a></span>Kind Regards R