The role of cryptocurrencies in the war between Russia and Ukraine
*By Axel Becker.
The war between Russia and Ukraine is causing strong economic, political and social consequences. And in the midst of this confrontation, cryptocurrencies took center stage and showed the potential they have compared to traditional money systems.
In the weeks leading up to the Russian invasion, crypto was already on the agenda in both countries. At the beginning of February, the Russian authorities took a 180°…
How Will Sanctions Affect Russia, the World, and the Crypto Market?
*By Elena Obukhova.
International sanctions are designed to hurt the country as a whole, and as a result, innocent people and small businesses are the most affected. They rarely hurt those who are ‘in charge.’
Ukrainian and Russian people woke up to a war that neither of them agreed to. Russia faced immediate international sanctions, falling stock markets, and crashing national currency that exceeded 100 rubles per one US dollar (tradin…
