Unchained

How Ukraine Is Leveraging Crypto in Its Fight Against Russia - Ep.326

Mar 4, 2022
Tomicah Tillemann, the global chief policy officer at Katie Haun's firm, is a seasoned expert in government and blockchain technology. He discusses how Ukraine is utilizing cryptocurrency to aid civilians amidst the conflict with Russia. Tomicah explains the challenges Russia faces in bypassing sanctions using crypto and highlights the unprecedented ways blockchain can enhance humanitarian efforts. He shares insights on the significant uptick in ruble/BTC volume and how Web3 tools could reshape future disaster responses.
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ANECDOTE

Tomicah's Background

  • Tomicah Tillemann worked for Joe Biden on the Senate Foreign Relations Committee, covering Ukraine.
  • He later worked at the State Department under Hillary Clinton and John Kerry, where he learned about blockchain from Estonia's president.
INSIGHT

Ukraine Conflict & Crypto's Role

  • Russia's invasion of Ukraine was anticipated by U.S. intelligence.
  • Ukrainians have shown heroism, but need help; surprisingly, some of this help has come from the crypto community.
INSIGHT

SWIFT's Inefficiency & Sanctions

  • SWIFT is an inefficient and expensive system for inter-bank transfers, and has been in trouble for a while.
  • Sanctioning Russian banks by removing them from SWIFT may lead to countries seeking alternative solutions, including stablecoins.
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