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

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

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

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

After the imposition of sanctions, interest in cryptocurrencies only increases, as people are looking for an alternative to fiat money. An increase in the volume of purchases of bitcoins in rubles from Russian accounts has been observed for several months. However, according to the same head of Binance, Russians represent about 3% of the total number of cryptocurrency owners. And in monetary terms, their share is even smaller.

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

After the imposition of sanctions, interest in cryptocurrencies only increases, as people are looking for an alternative to fiat money. An increase in the volume of purchases of bitcoins in rubles from Russian accounts has been observed for several months. However, according to the same head of Binance, Russians represent about 3% of the total number of cryptocurrency owners. And in monetary terms, their share is even smaller.

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

Yes. The use of cryptocurrencies can make life a little easier for ordinary people, like me, after many international bank transfers began to be blocked. But this cannot be a panacea against sanctions.

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 avatarJason Argo

art

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

It's going to cause fear and an initial knee jerk reaction to price action. I think it could effect decentralized finance in unseen ways. It's not clear how on ramp and off raming fiat will work.

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

It's going to effect price action negatively. It probably will set growth back but not stop it. Things like defining terms like crypto is going to be a good start.

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

The fear already apparent in the market had effected my portfolio quite a bit. The ripple/sec case is effecting my xrp holdings. I expect it will effect them further when introduced.

article avatarHENRY HRICZKO

Product Development Field Installation logistical Engineering

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

My opinion of the affects on the crypto market are based on what history has taught me, I have experienced the financial worlds markets in very closely followed formats. The very word of Sanctions effects every market, try enforcing sanctions on something you do not have any right or power to. The countries tied into the fiat representative of the countries that have already been sanctioning users in the USA: How does the USA think all of the full market breadth is at their beckon call to prevent investors as investors from plying their trade. New or any sanctions on top of crypto markets as a whole will not impede any more of the already obstacle laden paths that have been and will be overcome with ingenuity and forward thinking. Sanctions do nothing to stop progress and progress is far ahead of the Governing bodies who speak with sharp tongue against a real tangible monetary system that the world has spoken out for in accountability, progress and privacy. Afterall the sanctions are written by those who do not have an inkling of what they are talking about to begin with, that has been proven.

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

Crypto sanctions are not going to influence the case use and progress of the market growth. Simply put when you follow the markets, viability as well the basic principles of investing, I believe seasoned investors will be supporting the industries growth more than what has already been in recent history. The clear acceptance by the masses' in shorter order than expected has merit in sustainable futures for the crypto industry, more than it has ever been. There is no doubt in the masses. There is doubt in the stability of the sanctioning parties.

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

The sanctions do not affect me, I believe and follow the laws of my own principles. Not of some other opinion that has no right to impose any sort of control in my life. Especially monetary matters.

article avatarAbegail Prado

Teacher

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

Sanctions impact greatly in the crypto market because it is a great factor that enable the bearish market because of this crisis. The cryto sectors that will be blocked in this kind of incidents is the depositing and withdrawing into different banks that will greatly affect the pump and dump of the crypto market graph as the ins and outs are grratly affected

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

crypto sanctions like what I said will affect the ins and outs of fiat to the cryptocurrency as the local banks are little by little is closing. However in my own opinion there this can not stop crypto growth as this also have advantage since withdrawals will be lessen.

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

Yes, I panic since Im a crypto dependent just from the start of the pandemic and it greatly affect my mind on my thinking of how could it possibly create and affect the crypto market graph. However due to deep research, I calm down myself and try to calm and pray for the best

article avatarHendri Cloud Reiqueiza

freelance designer

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

i think crypto should netral.. as a free,decentralitation digital money thats what cryptocurrency is made for. its irony if crypto following politic or whatever Bank,IMF,SWIFT,etc.. thats make crypto no difference than fiat/paper money.

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

yes or no, its depends of poeple. this situation its very complex.. of course they can abandone it all about crypto, or make crypto as future payment. the possibility still unclear.

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

yes,for myself as enthusiast.. if we believe crypto as free currency its make an irony if crypto follow fiat rules. cryptocurrency must be free and decentralized!!

article avatarDavid Filip

Product Manager

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

I think that it shows us how we need decentralized finance so in the end is net positive for crypto market. I think there will be no radical banning or other regultion.

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

I think contrary is quite positive. The market is still influence by adoption and how it is percieved. The more legacy system is failing to deliver premises, the better for crypto.

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

I am not affected at all. If any, I am accumulating more to avoid inflation of fiat money. I am not worried about myself nor about the crypto market.

article avatarHabibu Abdullahi

Developer Associate

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

I believed Centralized Exchanges and the Stablecoins are more affected because of the regulatory issues in the case of CEx, while in Stablecoin have this indirect dependency with USD and other fiat. But, in the long run, a lot of DEX and people who are knowledgable about how the crypto works can navigate such incidents.

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

In the current stage of the adoption and development of crypto ecosystem, this situation will only slow down the crypto growth. But, since the underlying technology and idea is build to be borderless, it is hard to stop crypto growth.

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

Looking in the global scale, indirectly I am affected because the cryptocurrency market capitalisation fall-down, and some of my crypto values fall also.

article avatarLester Liwag

Trader

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

Sanction affect the Crypto market by having freezed fiat of Russia which tends to decrease the value. The Crypto sectors will be blocked is the merchant of Crypto payments.

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

Maybe the user of Crypto will lessen because of this sanction. No, Crypto can't be stop to growth because of the institution that adapt the blockchain technology.

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

No, everything works fine for me. You can earn while you are sleeping that's the blockchain technology that help me to pay my bills and other financial aspects.

article avatar

John Kenny

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

I feel Sanctions can never truly affect the 100% crypto markets unless there related to business taking payments for goods or services via Crypto or via Crypto Ramp services for Fiat to crypto exchanges. But it can still affect usage because of everyday people being unable to trade fiat to crypto to then use on goods or services. So it's a hard subject to gauge until we see it happen.

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

If sanctions can stop fiat to crypto exchanges from taking place, then it will influence crypto markets and cause them to slow their growth until new services come about to offer solutions around said sanctions.

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

personally, i have not been affected by crypto sanctions other than seeing short term price fluctuations. But depending on long term effects of new sanctions I can only hope ways around created problems will quickly crop up to fix any market fluctuations.

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

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