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

money: 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 avatarMayank Singh

UX Designer and Crypto Enthusiast

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

We often think cryptocurrencies don't operate under the reach of national regulations but their transaction volumes and user bases react substantially to news about regulatory actions which drive the demand and supply chain of the asset. News related to the general ban, anti-money laundering, counter-terror financing, and limiting the interoperability of cryptocurrencies with regulated markets law also negatively impact the crypto market in the short term. It makes it much more difficult to evaluate any crypto-asset currently because of geopolitical events. On one hand, crypto is helping Ukraine for the humanitarian cause but on the other, the USA is looking to regulate it because Russia is evading the international sanctions by using the cryptosystem.

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

As I already stated sanctions have an adverse effect on the market but it's will be interesting to see how the market reacts to it in long term. Whereas I think crypto is inevitable because it serves the human need in a way that no other technology seems to do it possibly.

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

Every sanction affects us, whether it may be directly or indirectly. From china’s crackdown to El Salvador’s legalizations, every crypto event has affected the market, including me.

article avataraleksandr Art_crypto_Hunter

art design editing video

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

I can’t say for sure, but I think that the impact will still be due to such a situation! It’s hard to say in what direction this will affect the cryptocurrency, thanks!

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

I do not think that the growth of cryptocurrency will stop, as it is on the contrary gaining popularity, but there may be changes, it is difficult to say for sure which campaign will this affect??

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

Until I noticed this, except that the rate of some coins fell and it’s hard to make money now, I’m not an investor and it didn’t affect me much! So far I don't see any difference!

article avatarSergey Arefev

Director

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

Of course, sanctions have an impact. And I living in Russia have already felt it After all, most companies have banned the use of VPN. Accounts on some exchanges are already being blocked. Many projects have refused to work with Russian citizens. Crypto freedom in fact turned out to be completely non-free!!! In these words of mine, there is an answer to the question of the impact of sanctions. I'm losing money!!! Here is the main consequence!!!

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

It's hard to say for sure. In Russia, there is a huge part of the mining pool. And this should be reflected in the course. Also, as we know, many projects come from Russia. And that's the second factor. It's too early to draw conclusions. You need to observe the situation.

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

Yes. I have already been affected by sanctions. I won't name the companies yet. I will just say that the account on one of the exchanges is blocked.

article avatarRafael Turik

crypto trader

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

At first I imagined that regulatory sanctions would be bad for the crypto market. Because the governments would take charge of spoiling the projects. Insert high loads of taxes and fees and it would kill each project one by one. But on the other hand, in order for us to have a market with less volatility and for large investors and capital funds to invest money in crypto, we need to have a clearer sign of what will be regulated or not. What will there be of fees, if bitcoin will be treated as an asset like Gold and protection or as a risk asset like a stock exchange. We know that the major concern is with illicit activities in the various networks, but I believe that this will not decrease with regulation. In large btc networks, eth I believe that the illegal part in terms of % is very low of transactions. Now in more private networks we may have more space for this.

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

As I said in my introduction. I believe we can analyze this topic in two different ways. The first is that large funds only invest heavy capital when there is regulation, as many have this in writing in their statutes. So we could see a much more aggressive rise in the crypto market. On the other hand. If there is too much taxation on transactions, taxes, ... it will undermine the true purpose of cryptos. It will look more like a regulated market like dollar, gold, oil, etc.

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

At the moment it does not affect. But if there is the entry of large institutions, hedge funds and buyers, it will provide an increase in the flow of money and a rise in the market. As I have long positions, I would benefit. But if fees went up it could get more expensive than other types of financial transactions like digital wallets. Will it be? And that wouldn't be good.

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 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 avatarSupri Hadi

I like cuan

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

My opinion,Not significant the affect of crypto market.. And maybe, the metaverse sectors will be blocked because see on average where the crypto is born.

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

Many investors are afraid of these sanctions and will prefer to hold cash.. No, I think not. Crypto is a technolgy and a way of transacting in the future

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

Yes I did, Because I invest my money in several cryptocurrencies and if the price continues to fall then I am worried that the losses will deepen

article avatarRiyanal Riza

Airdrop & Crypto

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

I don't think there are any sanctions against all crypto projects because I believe everyone is looking for money in a digital way in the future

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

I'm sure nothing can stop crypto , sure stay confident that it will continue to grow and will be all digital in time because no one can give sanctions

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

in my personal no one can stop any sanctions, because i am looking for money in crypto field and I always browse all projects related to crypto

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

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