Russia-Ukraine conflict and Role of Cryptocurrency
Russia-Ukraine conflict continues to cause widespread devastation to human life and infrastructure.
Cryptocurrencies are used for a variety of reasons in both countries. The Russia-Ukraine conflict bringing in a new era for cryptos?
Ukraine is using cryptocurrencies to fund its military campaign against Russia. Cryptocurrencies have played a previously unseen role in the Ukrainian war, assisting the government in raising millions of cash to support its struggle against the Russian invasion.
Crypto Donation
Ukraine gathered at least over $80 million in crypto assets such as Bitcoin, Ether, and Dogecoin among others.
Ban on providing technologies for oil and gas, Travel restrictions on key Russian citizens close to President Putin and involved in the annexation of Crimea.