Although, to some extent, it would be silly to discuss cryptocurrency when there is a text war in Russia, this is a data encryption website.

In this regard, Russia has witnessed some very interesting trends in the past day. Russian Prime Minister Mikhail Mishustin announced that cryptocurrency may be a "security substitute" for cross-border payment platforms.

"We should vigorously promote the independent innovation industry, including the choice of digital currency. This will be a safe choice for all parties to ensure uninterrupted payment from overseas goods supply and import and export."

It is worth mentioning that this announcement was made under the general environment that the Iranian Ministry of Food allowed cryptocurrency as the payment method for imports. Because of Iran's nuclear program, countries around the world have imposed sanctions on Iran. Most of Iran has been blocked from the global banking system software.

Naturally, Russia should be very familiar with the sanctions themselves. After they invaded Ukraine in February, the West launched a counterattack based on a series of economic development sanctions, hoping to wipe out the Russian economy and lower the face value of the US dollar.

This has led to a topic that may sometimes be a bipolar discussion - the use of cryptocurrency as a potential medium to avoid such sanctions. Mishustin's comment that cryptocurrency is a "safe alternative" does not help to settle this dispute.

But it does show the power of data encryption. I also met BTC for the first time during my trip to El Salvador last month, where we discussed the advantages of BTC in money transfer. El Salvador is one of the top ten countries in the world where remittances account for GDP, and the average cost of remittances is as high as 6.5%.

According to the use of BTC to reduce this cost, it is a great benefit for some people who get money from American families. As far as Russia and Iran are concerned, although the transfer of money will also be supported, they are not as critical as El Salvador. For them, the biggest advantage is to improve their ability to evade sanctions.

Therefore, although this story shows some advantages of cryptocurrency, it also reflects the black zone of social morality.