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Crypto Capture of Foreign Aid

100 points · 37 comments · bko

  1. egorfine · · focus · HN ↗
    It must be noted that not all of the crypto funds are a form of stealing the aid.

    Crypto is really handy and useful for actual money management. It's heavily used in Ukraine in the army and shadows the official monetary system.

    For example it's close to impossible to use fiat funds to purchase X for the combat units: you'll need a separate department of lawyers just to manage that one procurement documentation. In a war you'd rather not do that.

    Crypto? No problem. Payment sent, X received.

    Lots of cases like that.

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