Commentary

Cryptocurrencies drawing greater attention from markets, regulators amid Russia-Ukraine war

An engineer on a cherry picker adjusts mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia, on March 18 last year. PHOTO: BLOOMBERG
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SINGAPORE - Russia's invasion of Ukraine has drawn greater government scrutiny over cryptocurrencies as the authorities fear they may be used to bypass financial sanctions imposed on some Russian institutions and individuals.

But the recent developments have also underscored crypto's growing relevance as a store of value and means of payment.

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