Well, as someone I watch online pretty much said, this could lead to other countries banning it if they don’t sell (as to whether that actually happens, I can’t say since I’m nowhere near qualified enough to make that call). I have my own reasons for hoping for a ban outside of wanting most short form content being banned because of attention span draining brain rot, but this is definitely shaping up to be an interesting development.
In most of the world 15 April goes unnoticed. But in China, 15 April is Chinese National Security Education Day.
To mark the occasion, China’s Ministry of State Security (MSS) posted a half-hour video on their official WeChat channel titled “Innovation Leads · Forging the Sword of National Security”. WeChat is China’s dominant social media app. Chinese and foreign media also covered the program’s release.
I’m not sure exactly what Russia would do to bring hurt, but what I am sure of is that people will think twice about having dollar-denominated assets or euro-denominated assets because they could be frozen and confiscated at any time for any reason, so they will be more likely to hold gold and other real money. This would be a very, very bad move in the long term. Maybe not short term.
reuters.com
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