news: Crypto sanctions 2022 and theirs impact on the crypto market.
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.
Krit YooritBussiness 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.
Mayank SinghProduct 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.
Alexandru Ciobanucrypto trader, coder
How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.
I think all markets are interconnected as we are all extensions of the planet earth among other things so we bio resonate each other and as individuals, markets too considered as entities resonates. Each action from govs and financial corps. regardless positive or negative influences market cycles amplitude while technically speaking, frequency is directly pre-determined by Time itself. The situation has brought even more volatility to the cryptocurrency market, and experts predict the ups and downs will continue. Cryptocurrency’s wider adoption and its recent alignment with the stock market make it even more linked with the international conflict. Bitcoin is hovering around $40,000 after dropping under $35,000 immediately following the attack, and Ethereum is back below $3,000. Either way, experts advise not to make financial decisions based on news-related panic.
How crypto sanctions can influence the market? Do you think they will stop crypto growth?
Sanctions as long as they are not abuses covered under the pretext of "applying the law" stereotype should maintain order cause of limitation of different shadowy activities but those will not stop crypto grow, crypto is directly related to globalization, virtualization and multiverse, it's a meta thing )
Did any crypto sanctions affect you personally, yet? If yes, how?
not yet but i suppose regulations will affect all traders around the world or at least where some spec crypto particular law will be applied, will see and will seek to adapt best )
Vision NFull 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.
Amitabh RoyPhotographer || Architect
How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.
Cryptocurrency is the future. It can be used in both ways. When there is a restriction on bank transactions it can be the best way to complete transactions.
How crypto sanctions can influence the market? Do you think they will stop crypto growth?
The price of bitcoin fell more than 8% to below $35,000 on Thursday after Russia launched a military operation in Ukraine. Crypto sanctions will affect the market for a limited time. So it will not affect crypto growth in the long run.
Gatot SumarsenoDisck jokey
How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.
no sanctions, maybe scammer coins that should be blocked there are no sanctions, maybe the scammer's coins should be blocked because it can harm people who are still new to the crypto world
How crypto sanctions can influence the market? Do you think they will stop crypto growth?
because bad news really acts on the crypto world and bad news will make prices and be wary of crypto players because bad news really acts on the crypto world and bad news will make prices and be wary of crypto players
Did any crypto sanctions affect you personally, yet? If yes, how?
yes there must be when bad news comes in the world I am very worried that crypto stock prices will decline and cryoto enthusiasts will run away because of negative sentiments that come
Ka Limitrader
How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.
crypto projects engaged in illegal transactions are generally blocked by several countries, our country will take action against the perpetrators of crypto companies that run MLM
How crypto sanctions can influence the market? Do you think they will stop crypto growth?
I think they will still run the project in a less regulated country, but this will cause problems later on because investors will obviously suffer losses sooner or later
Did any crypto sanctions affect you personally, yet? If yes, how?
no, because I always make the right choice in choosing a project, I always follow the news about crypto and follow many communities about it
Mwila WiseGeneral Manager @ Excoincial Exchange
How does sanction affect the crypto market in your opinion? Which crypto sectors will be blocked because of the latest incidents? Elaborate.
Sanctions affects the cryptocurrency markets negatively, this lead into crushing of markets and even to an extent close down certain financial institutions. There are many sectors that will be blocked, cryptocurrencies have been made easier in it's adoption by the third parties like Visa, creditcards, MasterCards, stripe, for onloading cash into centralized exchanges and in turn easier to buy cryptocurrencies. The blockage of these sectors will result into less inflow of cash into the purchase and withdrawal of virtual currencies causing the markets to depreciate.
How crypto sanctions can influence the market? Do you think they will stop crypto growth?
Crypto sanctions can only slow down the pase of crypto growth not stopping it for example Nigeria had banned cryptocurrency and that made the markets to start considering of using other means of trading like P2P trading through the use of escrow services and that made Nigeria boom into crypto use than ever before. The news about sanctions can only for a short period make crypto market red and get back on track.
Did any crypto sanctions affect you personally, yet? If yes, how?
Sanction has affected me indirectly because of many factors like geo political locations, these current sanctions are specifically targeted geographically and in this case Russia, there are still many countries dealing with crypto and many exchanges operating. However these sanctions have affected me because of how the markets are crushing due to the exiting of Russian market, traders and holders directly affecting the marketcap and market circulation. In short, many people including me woke up into red markets or made losses from cryptos we were holding.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.