In mass the US has only done it with Iran.. but during the past 2 administrations.. Russia, Venezuela, Afghanistan..and we've also disconnected Russia from the banking network.. This has really spooked markets and governments. Because this means at any time the US could just be like.. you are out of the banking system and we hold your money now.
Which is why if you hold Russian bonds you are screwed.. which caused a cascading long term effect and why now all bond markets are affected. And all countries are bringing there gold home from the USA.. they now know in a total collapse of the system they need their gold in their vaults.
that being said crypto currency traders are not trading a currency but some weird version of Pokemon cards so who knows what's good or bad for them.
Which is why if you hold Russian bonds you are screwed.. which caused a cascading long term effect and why now all bond markets are affected. And all countries are bringing there gold home from the USA.. they now know in a total collapse of the system they need their gold in their vaults.
that being said crypto currency traders are not trading a currency but some weird version of Pokemon cards so who knows what's good or bad for them.