The Wall Street Journal are currently saying that because Crypto hasn’t allowed Russia to evade monetary sanctions it demonstrates crypto has failed. Yet if crypto had been used to do this they no doubt would be damanding it be banned!

The mad double standards applied to crypto seem to be continuing today.

I was left somewhat opened mouthed when the WSJ posted this…

https://www.wsj.com/articles/if-crypto-cant-be-used-to-evade-russian-sanctions-what-is-the-point-11649763827?mod=business_major_pos10

Basically, they claim that because Crypto hasn't been used extensively by Russia to bypass economic sanctions, crypto itself has failed.

Yet it was the WSJ that only recently reporting about the dangers of crypto being used to avoid sanctions, and how that would be terrible and necessitate further crypto crackdowns.

https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-21/card/european-central-bank-says-russians-use-crypto-to-bypass-sanctions-UatArIBsW9h8pfiXVuGD

And this is it in a nutshell. No matter what happens with crypto, the powers that be will always spin it as a negative.

Crypto helps avoid sanctions. Crypto bad.

Crypto doesn't help avoid sanctions. Crypto bad.

It's truly laughable.