Friday, April 12, 2024

Crypto is Ukraine’s powerful weapon in fighting off Russia: Joe Lubin

Cryptocurrency has emerged as a powerful weapon for Ukraine in its battle against Russia, says Joe Lubin, the founder of ConsenSys and Ethereum co-founder. He believes that this could be crypto’s point of no return for steady integration into global markets.

Lubin highlighted that this is another moment, a milestone for the crypto industry. It is like stepping out of the void and into mainstream adoption. The Canadian-American entrepreneur pointed out that there’s a national security issue as well. But is going to be a point of no return for the overall industry. Cryptocurrency has proved that its technology is “very powerful and unstoppable”.

Lubin says crypto will be used by various nation-states, irrespective of what other nation-states say or do. This means that countries have to create policies and get savvy. He criticized the United States for dragging its feet around crypto. Moreover, the Ethereum co-founder brushed off President Joe Biden’s hyped executive order as “kind of funny”.

Furthermore, the entrepreneur likened crypto to an “arms race”. Lubin foresees governments wanting to use crypto as a powerful tool and weapon. He believes countries don’ want to be left out from the crypto race and be as much capable as their neighbors with powerful weapons.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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