This week, “Deconstruction” focuses on new criminal risks for cryptocurrency holders in Russia, the impact of the war in Iran on Asian chip production, the impending collapse of the World Liberty Financial project, and the dominance of insiders in Polymarket and Kalshi prediction markets.<\/p>\n
Russia will introduce criminal liability<\/a> for the illegal circulation of cryptocurrency without a Central Bank license. However, one of the main issues is the extremely low threshold for damage assessment. A significant damage is considered to be an amount from 3.5 million rubles, which is easily exceeded by an exchange when purchasing 50,000 USDT with minimal profit.<\/p>\n Ordinary asset holders should also be wary. The Central Bank insists on banning non-custodial wallets, imposing fines for their non-declaration, and confiscating cryptocurrencies when used as a means of payment.<\/p>\n Experts believe that criminal liability does not guarantee the market’s transition to a legal framework; the industry will likely split into a licensed sector with strict limits and an unregulated one, which will remain for businesses to pay for import contracts.<\/p>\n The Middle East war has unexpectedly hit chip production<\/a> for artificial intelligence in Asia due to disruptions in helium supplies. Helium is a byproduct of processing Qatari natural gas, with no viable alternative for cooling wafers during chip etching in South Korea and Taiwan.<\/p>\n The current conflict and rising energy prices also threaten to relocate data center capacities from Europe and Asia to the United States.<\/p>\n Despite the threat of missile strikes, major corporations Google and Amazon are not leaving the region but are increasing investments in Saudi Arabia, viewing the Middle East not as a zone of fear but as a center of the future digital economy.<\/p>\nIran’s Blow to Asian Big Tech<\/strong><\/h2>\n
The Death Spiral of World Liberty Financial<\/strong><\/h2>\n