Blocking Russian Payments: to Be or Not to Be for Financial Multipolarity?

... of money as a measure and store of value. In the former case—because their value is measured in fiat currencies (mainly the U.S. dollar), and in the latter case—because of their extreme volatility. In addition to the risk of rapid depreciation, cryptocurrencies are not immune to default and liquidity risks, as crypto services and exchanges may also be subject to sanctions. The same risks apply to stablecoins. Overall, it should be recognized that the primary function of cryptocurrency is to serve as a speculative financial asset and a method of conducting financial transactions outside of government control. ...