Cryptocurrency: Privacy-Enabled Coins Route Around SWIFT and SPFS Censorship (of your financial interests too)

[grarpamp]

https://www.themoscowtimes.com/2021/12/14/belarus-banks-readying-for-swift-shutdown-reports-a75808

    Belarusian banks are preparing for tougher Western sanctions by
signing up to Russia’s alternative to the SWIFT, the international
financial messaging network that underpins the global banking system,
Russia’s Moskovsky Komsomolets tabloid has reported.

    Russia’s System for Transfer of Financial Messages (SPFS) has more
than 400 domestic users — practically every licensed Russian lender —
but is used by only 38 banks from nine other countries. Developed in
2014, SPFS is designed to keep banking transactions in the event of
Western sanctions disconnecting Russia from SWIFT.