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

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

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

Bussiness owner

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

President Biden to sign a special order Defines a Crypto Strategic Approach Many believe that the hopes of blocking the sanctions are used as a means of avoiding the impact. Al Jazeera news agency reported, citing an insider source as saying: President Joe Biden to sign the 'Executive Special Orders' or Executive Orders within this week. This will set the government's strategic approach towards the cryptocurrency industry. US government stance that have turned their attention to the crypto industry in the past few days. occurred while the United States and Western allies Announcing sanctions against Russia causing many parties to view it as an attempt by the United States that want to block the possibility that companies and individuals Those subject to sanctions may use cryptocurrencies as a way to avoid its consequences. However, the White House has so far declined to comment on the reports. Earlier this week, Yahoo Finance reported on the possibility of Biden's bid to the relevant administration. whether it is the Office of the Attorney General, the Ministry of Foreign Affairs and the Ministry of Finance To expedite the feasibility study for the launch of the US Federal Reserve digital currency, CBDC. The main goal is to create a clear and comprehensive regulatory framework. Overall, despite how Saran tried to pressure him to boycott crypto. The crypto market continues to run. This may have little impact in the short term. Because crypto is born from a strong community. which is both innovative and industrial It would be difficult for the crypto market to collapse.

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

The crypto industry is born of a strong community. It is an innovative asset exchange of the future. It's hard for someone to break it down. There may be short-term fluctuations. but in the long term After all, crypto is an asset of the future.

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

The crypto boycott definitely had an impact on me. but only for a short time Because I'm not a big whale in the crypto world yet. But I see more advantages. Because it allows me to own some projects. with little investment It's a great opportunity for me.

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 avatarShaun Meyer

crypto trader

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

It affect the market by imposing restrictions on buying or selling crypto probably and most likely people in Russia/Ukraine and surrounding areas it won’t necessarily drive the price down it jus lt won’t go up because no one can buy. People with the ruble are seeing devastating drops their money is essentially worthless and turning to crypto would be a great idea but the governments won’t allow it for me I don’t know why because it will help the economy and anyways the United States is buying millions of dollars worth of oil daily to fuel the war so why not let them buy crypto currency’s to help the families who are struggling.

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

Yes crypto sanctions will stop crypto growth . The market caps of the coins will not grow due to restrictions in Russia Ukraine and surrounding areas. Why not let the people buy crypto to help their families in this server time to replace the ruble it will only help them, the United States is already buying millions of dollars of oil from Russia to fuel the war.

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

No the crypto sanctions did not affect me yet and hopefully they do not in the future I believe it will only help in the future because we are goin to have a global financial reset to have crypto as the main currency

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 avatarCristiano Silva

Autônomo

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

It affects positively. Russia may adopt cryptocurrencies as the country's official currency. If that happens, we're sure to see a huge amount of people switching to cryptocurrencies on a day-to-day basis.

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

There is no way they will be able to stop the growth of cryptocurrencies... They tried to do this in Canada and they won't! The more they try, the faster crypto grows.

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

It can't affect me, I'm calm about this matter. My crypto is well guarded. The only way would be for the government to shut down the internet all over the world... And that's not going to happen.

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 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 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 avatarPREM KUMAR

Ambassador and digital marketing

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

I think the it will affect the whole market globally.....all the new projects including Altcoins will get affected through this sanction....

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

At some extent only it will affect but for the long time the crypto will get better than other digital currency as the whole global countries started the regulation of crypto

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

Not at all... The perfect trader doesn't not get any type of affection through any sanitation... We have the power of TA so even in the bad market we can survive

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

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