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

blockchain: 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 avataranurag Shandilya

Govt.official

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

BAN ON CRYPTO IS NOT GOOD for financial market. Indian Government Should reConsider about economy. This blockchain technology can make a great world. Because this is totally decentralized platform. No one can, t control. But regulate is right.

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

I think Some influence but not much. This technology is booming everywhere. I don't think so. This is all open in explorer. Nothing is secret.

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

No I am not affected from this. I am not traders. I working with government office. But I suggest only regulate but not ban. Government should take appropriate decesion

article avatarKostadin Dzhondzhorov

PCBA Proccess Engineer

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

The current situation with the sanctions will provide a good option for many Russians to be mutch interested in cryptocurrency. The sanctions making it harder for the Russian central bank even to operate normaly, so in my opinion soon we will see big spike in many of the top crypto currensys.

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

Respectly soon much more people will see the rising problem with big inflation hitting the native currency. In this scenario the investors or even regular people have to do something to reduce significant losses. The smart way will be to invest in something new as crypto even if the investor is not familiar with cryptocurrency and how the blockchain works. Such invest will be risky in the eyes of not familiar investor with digital vaults, however in such investment, there is potential for saving or growing, compared with the predicted end if do not try to invest and just watching what will happen when the inflation hits.

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

Lycky, my country does not apply any restrictions on cryptographic services at this time. Also my expectation is for boosting the usage of crypto in any aspects.

article avatarHenry Cooper

Author

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

All crypto can be blocked except for bitcoin which has no person or company to turn off the blockchain. For example Etherium is controlled by Vitalik and his Insider investment and marketing team. The whole blockchain is run on a platform called Infura which is controlled by one of the first investors in the coin. All the government has to do is make a phone call to Infura, AWS who runs it or call Vitalik himself and tell him to turn it off. The same goes for the other 15,000 altcoins who have investors, marketing teams etc. Only Bitcoin will be left standing in the future as it can not be turned off.

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

The governments are scared of crypto so they will do everything they can to destroy it. That's why any coins that are not decentralized will be shut off.

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

I haven't been greatly affected by the sanctions except for the drop in price because of the war and the fear mongering of the media which amplified the situation even more.

article avatarHania Ajah

I like crypto

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

I think this condition just temporary...because many country and pepple go to regulation about them country...and i belive crypto will use public...

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

No.about sanctions i think many people feel this fud about situation...we can see about 2017...other people will go up to build crypto and blockchain

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

No....i just how to make this enjoy and positive thinking....just tradding and see the market....bearish market is healty...i think so.......

article avatarChuck Carthan

ForEx, Crypto, Binary Options, Debt Elimination. https://Linktr.ee/CoachChuck

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

Sanctions, in my opinion, prove that de-fi is not at play here. Coinbase has already blocked BTC to Russian wallets. This is a perfect example of an oxymoron. It gives an entirely different meaning to blockchain because a whole lot of blocking is going on. But let's be clear. Whenever there are conflicts in the world, it all affects any market. Crypto is obviously not exempt from the ravishes of economic downturn. But I should not be surprised that sectors are in place to block any type of aid going to Russia because of the millions of Ukrainians leaving their country. If people began to believe having Crypto currency is not a benefit to them, less people will put their trust in the process and the value of the asset will decrease in value. Evidence in the fact that BTC has been going down since the incident with Russia & Ukraine and XAU has been increasing due to inflation.

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

I don't think sanctions can stop the growth of the market but I do believe it will slow the market down considerably. I believe crypto currency is a strong asset to have. The Ukrainian currency can lose value at this point including the ruble. But the crypto currency holds its value far better than any paper currency I have seen thus far. I would rather have crypto currency to trade in this situation than my own currency. Case in point: Venezuela. When their economy went into hyper inflation, the people who had crypto currency did pretty well.

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

The crypto sanctions did not affect me personally because I trade. Trading is a powerful tool to use in situations like this. But one has to be in position to make the trade and they have to be educated to make the right decisions in the trading world. But on the other hand, all of my accounts that support crypto did go down by 25%.

article avatarBed Tdebah

Art

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, the market sector is clearly influential, but when it comes to being blocked, it's not that easy, but if there is an impact it looks like erc20

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

very influential for the market sector but my opinion about blocking it doesn't sound so good because each blockchain on the token has a big impact on the market so if there is an impact it might be on erc20

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

Well, obviously there is someone who I think is wow and well, little by little, I understand the mindset and try to take some of their experiences

article avatarMuhammad Hasan

Mathematician

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

I was wondering decentralised Metamask is somehow centralised. So how come we are secure now. As Metamask said that they are decentralised but they block some region so how come it's known to be decentralised ?

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

May be they'll stop it. But in bigger scale it's not seems possible to me. May be I'm wrong in it let see how it'll work in near future when things calm.

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

Umm ! Not as such affected. But I'm fearing cause of it. If things are not settled then we won't be able to see best version of blockchain .

article avatarTam Nguyen

Computer and Data Scientist, Team Builder, Super Learner, Player

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

The mining by proof of work could be difficult. As the electricity and energy could be a problem. Moreover, computers also have a hard time connecting to Internet, which facilitates blockchain technology.

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

Blockchain is based on the rich connectivity of the Internet and modern civilization. Sanctions can separate the communities at the global level, which could lead to less exchanges and affect crypto growth.

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

No. I am living in Australia. It does not affect much. But I can imagine that government rules still have much power over crypto technology. For example, beside sanctions, taxes could be a major problem for crypto.

article avatarNuman Polattimur

Psychologist

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

I think it affects directly since large organizations are even in the crytomarket and sanctions are scaring the investors to put their assets in cryto. Some of the exchange centers will be blocked bases on the government decisions. But I don't think this will prevent anyone buying or selling their assets. Just the market will bleed and recover back.

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

They have a short term influence in the market with a small affect. These kind of sanctions will never stop the growth of blockchain and their assets.

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

I feel a little sad but it is not a big deal. I look up to the feature. We are still in early stage. Growth is unstoppable for the cryto and blockchain market.

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

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