David Kirichenko: How Ukraine is the leading testing ground for the viability of crypto

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Russia’s full-scale invasion of Ukraine on Feb. 24, 2022, has cast a spotlight on the emergent role of cryptocurrencies in a modern war zone. In a time of crisis, where conventional financial systems faltered, crypto has emerged as a critical and unexpected ally for Ukraine. However, the full-scale invasion in 2022 wasn’t the first time Russia invaded Ukraine. The first invasion occurred in 2014 when Russia invaded and illegally annexed Crimea and waged a war in Ukraine’s Donbas region. Ukraine’s economy took a nosedive and Ukraine’s national currency, the hryvnia, lost 70% of its value by 201…