Ref: FID-2023-001
Verified: August 30, 2026
The New Crypto Cold War: How US, China, and Russia Are Fighting for Blockchain Power
Executive Liquidity Summary
"This directive examines the emerging 'Crypto Cold War' among the US, China, and Russia, focusing on their strategies to lead in blockchain technology. It analyzes how PSD2 has driven digital transformation in banking, leading to greater blockchain integration and improved SME credit access. The directive underscores the need for a balanced approach to harness blockchain's benefits while mitigating risks in this new geopolitical landscape."
The geopolitical competition over blockchain technology is reshaping global finance. As the US, China, and Russia vie for dominance, the implementation of PSD2 in Europe has accelerated bank digitalization, fostering the adoption of blockchain and other technologies. This has increased credit access for SMEs, but also highlights the strategic importance of blockchain in national economic security.