assets: Crypto sanctions 2022 and theirs impact on the crypto market.

assets: Crypto sanctions 2022 and theirs impact on the crypto market.

< Show Wisdom Collection: Crypto sanctions 2022 and theirs impact on the crypto market.article avatarMaxime Lecoustre

Software engineer

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

It will have major impact because these will impact both economical value (as previously) but also philosophy of decentralization network. In fact, it's first time Regulators aim to impact usability more than just get back valuability of assets. In case a blockchain would ban some regions, or create difference between users, we'll have to think about who decides and how. For example, if a DAO makes a proposal to ban russians IP from UI platform, it would be "conform" with decentralized intelligence system. But when some developers or only some regulators decide to make same auctions, this will be dramatical because it would impact trustability into crypto and blockchain definition.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

At the moment, despite high volatility due to too many informations - rumors - fake news we can read each hours, crypto market has high probability to grow again to new level : We saw with previous countries impacted by global economic sanctions that crypto has been modern tool to improve their ability to maintain financial exchanges and for people to keep values they owned through official money market turning into crash direction. Despite global regulators dreaming about ability to order restrictions and make law on crypto ecosystem, they just won't have still understand that they can't control people trust. Blockchain is a technology, and isn't a money they can control. In same time, crypto ecosystem will also prove they can help Ukraine by providing new way to get economic tools during war, with more efficient network ability and less dependancy with centralized system which could be turned off by destroying datacenters...

Did any crypto sanctions affect you personally, yet? If yes, how?

I think it would not really impact my mindset about whole ability of cryptos. In fact, it might make cryptos value decrease a little time. Maybe regulators will try to reduce conversion ability but on middle time, there will always new way people will build to keep freedom to use it. Regulators can't say both they're fighting to keep democraty, freedom, and make more and more restrictions impacting their population's ability to use this freedom and this right to decide.

article avatarReza Febriadi

Computer Technician

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

The crypto market is very vulnerable and there are no rules or laws in every country against it. I can't determine which sector to block. could be many sectors for sure.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

Sanctions have a huge impact on the crypto market. Where many crypto assets have decreased due to sanctions. and for crypto growth, I don't think sanctions have any effect at all.

Did any crypto sanctions affect you personally, yet? If yes, how?

Personally nothing matters. I really enjoy this world of crypto currency. The existing sanctions also did not have a direct effect on me. It's gonna be okay

article avatarArindam Majumdar

Crypto Trader

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

The crypto market will be definitely affected by the sanctions imposed! Since the birth of cryptocurrencies very few have used or using it as a currency , rather we have started treating it as an asset on which we invest our fiat currencies and liquidate it back to fiat when we feel the necessity of it. Necessities are different for everyone; someone might want to get groceries or anything which is available on the market or someone might just want to get more fiat based on his/her initial investment. A large amount of retail investors do not even know about cold wallets or the philosophy of cryptocurrencies, and they keep them in centralized exchanges which are vulnerable to get hacked or get the effects of bans or sanctions of these kind. Right now the places where we can use cryptocurrencies as currencies are very few for the real world stuff, the biggest market is the NFTs which has become synonymous to digital art and mostly considered as collectors marketplace for majority of the people. People who are keeping their cryptocurrencies/crypto assets in centralized exchanges will be the one who'll suffer from the sanctions, and those who keep their cryptos in their own wallet will suffer less.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

We are witnessing a plunge in the market. Because nobody wants to lose money and most of us treat fiat as the only money for its large market place. Yes this might stop the crypto growth for a while at least will slow down the velocity of the growth but crypto is still a teenager and had died several times but proved itself to be a phoenix and rather became stronger after the declaration of its death by several entities several times.

Did any crypto sanctions affect you personally, yet? If yes, how?

No I'm not affected by any sanctions yet. Moreover I keep most of my crypto in my personal wallet and try to use a DEX to trade. It is always good to Be Your Own Bank when there is an option for it.

article avatarRanto Try putra

Senior

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

In my opinion no crypto is penalized because the law doesn't apply in the crypto market In all countries... If sanctions will be applied crypto will be destroyed, especially bitcoin

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

I don't think it should stop ...because the crypto market helps a lot of people and I don't agree with the crypto market being stopped!! Due to the laws in every country to prohibit the crypto market

Did any crypto sanctions affect you personally, yet? If yes, how?

If there is a sanction, I will be severely impacted and everyone will be affected as well, it will affect the currency in every country because every country is risking a lot of assets to crypto

article avatarMuhammad Irfan

Crypto enthusiast

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

obviously the sanctions are very influential, because some crypto lovers there are panic selling their assets causing a large price drop, because most of the main market is in Russia

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

due to panic selling especially the Russian population, I think crypto will increase if the conflict is over, and I'm sure it will grow again with time

Did any crypto sanctions affect you personally, yet? If yes, how?

obviously there are many, I have several coins such as btc, eth, bnb, and other tokens, in a week my assets minus almost 40%, that's because all crypro assets have decreased in price due to conflict

article avatarLuciano Gomes Guimaraes

database / crypto

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

It will affect in 2 ways, negatively it will generate a withdrawal of funds from more conservative investors. Positively some sanctions are welcome for future crypto regulation.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

Initially a downward movement is possible, but in the long term there must be an adaptation and the trend is for new growth and development.

Did any crypto sanctions affect you personally, yet? If yes, how?

No, but I see sanctions and regulations as a positive thing. We are only going to get a solid market for crypto-assets with regulations, so that we have a better filter of projects.

article avatarVision N

Full Stack Developer / Crypto / Blockchain

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

Once the sanctions are imposed on one country, the crypto world can't be an exception to get affected. Currently, the USA and EU countries are there to issue sanctions on Russia and it does make huge sense because the USA has been using sanctions as a powerful diplomatic tool to change the behavior of a particular nation as the dollar is the world’s reserve currency for the worldwide payment. Now, crypto holders from Russia are getting restricted on a popular platform like Coinbase and other CEXes, definitely, it can give negative impressions to the traders/investors from the affected country. There are growing discussions about whether crypto can be used as a hedge against inflation or not but if we locate the past incident when Russia evaded Crimea, there was sanction imposed by the USA to cost billions of dollars annually but prices of crypto and other digital assets got ballooned that was good news for Russia. Currently, the crypto market is again following the bullish trend which means investors are pouring a huge amount in digital assets to protect their losses. So, sanctions will have both positive and negative impacts on the crypto market.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

Sanctions generally create a fear state in the market and retail investors might rush away to cash out by selling their crypto assets to find other reliable things to invest in. Sanctions may not stop the growth of crypto because they can be heavily used for the cross-border payment system when other payment methods are not working.

Did any crypto sanctions affect you personally, yet? If yes, how?

Yes, the price of some crypto tokens from the projects based on the sanctions-imposed country is heavily decreased. The market is exhibiting downtrends for such tokens.

article avatarJose everton cunha Lima meneses

Hold perfeito....

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

The cryptocurrency market developed with the promise of decentralization of the financial system, much to the despair of regulators and the delight of innovation enthusiasts. I'm a visionary Brazilian when it comes to cryptocurrencies, but cryptocurrency regulation is a global issue. While the US issues various studies on digital assets, here in Brazil the Senate Economic Affairs Committee (CAE) has just approved one of the most promising proposals in the national market. PL 03825/2019 is part of a series of bills that aim to regularize the mining and trading of cryptocurrencies in the country. Even though the regulation is a thorny point in the market, the proposals are considered positive by enthusiasts and analysts in general.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

The cryptocurrency market developed with the promise of decentralization of the financial system, much to the despair of regulators and the delight of innovation enthusiasts. I'm a visionary Brazilian when it comes to cryptocurrencies, but cryptocurrency regulation is a global issue. While the US issues various studies on digital assets, here in Brazil the Senate Economic Affairs Committee (CAE) has just approved one of the most promising proposals in the national market. PL 03825/2019 is part of a series of bills that aim to regularize the mining and trading of cryptocurrencies in the country. Even though the regulation is a thorny point in the market, the proposals are considered positive by enthusiasts and analysts in general.

Did any crypto sanctions affect you personally, yet? If yes, how?

Not because I only use decentralized dex to avoid sanctions, because I live in a country with a bipolar policy the risk of being taxed is clear, so I only use decentralized dex

article avatarSu Darsono

Like crypto

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

economic embargo sanctions, because this will affect commodity prices in a country, if in that country many crypto owners sell their crypto automatically the crypto exchange rate will decrease.

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

if the exchange rate and crypto owners are large this will affect the market, but in my opinion this factor is very small to affect the growth of crypto.

Did any crypto sanctions affect you personally, yet? If yes, how?

Limiting the amount of buying / selling crypto is the most influential in my personal opinion ... because it affects the assets I invest in crypto

article avatarTiago Costa

Autonomo

How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.

cryptocurrencies can go the other way and appreciate in value, but they warn that investors should be prepared for a lot of volatility. For cryptocurrencies, a conflict in Ukraine would be the most likely way to change this year's downtrend and cause cryptos to explode in the short term

How crypto sanctions can influence the market? Do you think they will stop crypto growth?

Crypto asset exchange, trading and custody platforms may face operational disruptions (e.g. service continuity interruptions or system failures) during which users may not be able to access their assets and, as a result, may not be able to conduct transactions, a situation that could be reflected in economic losses.

Did any crypto sanctions affect you personally, yet? If yes, how?

Only a few currencies have depreciated, but I will wait for the historic high to happen, which will happen, I just don't know when, but we will wait.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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