Ally or suspect? The war in Ukraine as a stress test for the crypto industry By Cointelegraph
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It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine. The military conflict immediately triggered devastating sanctions against the Russian economy from the United States, the European Union and their allies and has put the crypto industry in a position that is both highly vulnerable and demanding.
As the world watches closely, the crypto space must prove its own standing as a mature and financially and politically responsible community, and it must defy the allegations of being a safe haven for war criminals, authoritarian regimes and sanctioned oligarchs. Up to this point, it has been going relatively well. But despite reassurances from industry opinion leaders, some experts say that crypto’s decentralized nature might seriously jeopardize the effort.
The donations precedent
Regulatory anxieties
Industry response
What’s next?
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine. The military conflict immediately triggered devastating sanctions against the Russian economy from the United States, the European Union and their allies and has put the crypto industry in a position that is both highly vulnerable and demanding.
As the world watches closely, the crypto space must prove its own standing as a mature and financially and politically responsible community, and it must defy the allegations of being a safe haven for war criminals, authoritarian regimes and sanctioned oligarchs. Up to this point, it has been going relatively well. But despite reassurances from industry opinion leaders, some experts say that crypto’s decentralized nature might seriously jeopardize the effort.
The donations precedent
Regulatory anxieties
Industry response
What’s next?
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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