over to bitcoin and then that will set a precedent for other countries to follow suit in fact both garia has like three billion dollars worth of big coin that they seize from some scam so that's actually the benefit you know in the early days of bitcoin one of the things that was often said by governments he said were threatened they were going to shut it down or attempt to shut it down was that it was you know a haven for you know no good do gooders like drug runners and drug cartels and hitman and all that sort of thing but a lot of those people a lot of the scam artists on line scam artists and shakedown artists are based in places like ball garia romania so the fact that they get to seize the assets of these bad guys you know you become a safe haven for bad guys and you can seize all their assets and that's right it's not a bug it's a feature look i'm talking about bad guys with money launderers and evil doers and crypto currency is let's not forget the twenty to thirty trillion dollars held offshore unaccounted for by any tax authority that money is always looking for a safe havens

to bitcoin and then that will set a precedent for other countries to follow suit well in fact both garia has like three billion dollars worth of big coin that they seized from some scam so that's actually the benefit you know in the early days of bitcoin one of the things that was often said by governments who said or threatened they were going to shut it down or attempt to shut it down was that it was you know a haven for you know no good do gooders like drug runners and drug cartels and hitman and all that sort of thing but a lot of those people a lot of the scam artists on line scam artists and shakedown artists are based in places like boag area romania so the fact that they get to seize the assets of these bad guys you know you become a safe haven for bad guys and you can seize all their assets that's right it's not a bug it's a feature look i'm talking about bad guys with money launderers and evil doers and crypto currency is let's not forget the twenty to thirty trillion dollars held offshore unaccounted for by any tax authority that money is always looking for safe havens that mo

predicted that there would be a nation that would start to first accumulate bitcoin it turns out that ball garia by the way at one point at the end of this year had like three billion dollars but the big question because of illicit operations i see some assets from some no gooders or whatever so we did see venezuela as wealthy and a twenty seventeen i think be the first nation to actually propose the cryptocurrency the petro which they're saying is backed by their oil reserves but which is really something that jim rickards had predicted quite a few years ago that once the u.s. pulled the trigger of using swift and the dollar financial system as a weapon to use you know to prevent nations around russia venezuela and other nations from accessing the financial system as soon as they pulled that powerful switch that alternatives would emerge and this petro for venezuela is kind of a way to circumvent sanctions so do you see other nations following with their own sort of ideas by the way i want to refer to a tweet that you had sent about this because everybody was laughing at my door over announcing

in eastern europe correspondent nicholas collier filed that report for us he joins us from the bowl garia capital sofia where he is filming right now good morning to nec why are residents like remaining with their children. instead of simply getting out of harm's way good morning brian well it's simply a question of alternatives i mean about a million people have already been displaced by this conflict within ukraine and so there isn't that much space there is not much in the way of resources for these people captive to it had already tried it once but it despaired conditions in the temporary accommodation she was in and so so people's families their property that she has a family and a mother but having said that you bits of it goes to her apart from her family it is largely old people and you see the whole streets of empty houses but so far it's also built to get by that events last few days make it look. so much longer ok on the fighting in eastern ukraine is now in its fourth year how serious is this latest escalation there. what happened moved in three years the last major battle in