this is can be proof that cryptocurrency is future-proof. Of course in war financial sanctions and a temporarily paralyzed system will hit hard, and in this condition cryto is can be used since crypto has no border.
not Long ago we actually see that "Iran Approves Use Of Cryptocurrency For Imports To Bust Sanctions" - https://www.iranintl.com/en/202208293261
Maybe this just beggining.
Topic: Bitcoin having effect on the ongoing war - page 2. (Read 478 times)
According to Ukrainian deputy digital minister Alex Bornyakov, the country has been using crypto to purchase fighting essentials like bulletproof vest, drones and other military gadgets/equipment.
https://bitcoinist.com/crypto-accepted-by-60-of-ukraine-weapons-suppliers/
https://bitcoinist.com/crypto-accepted-by-60-of-ukraine-weapons-suppliers/
I have my doubts about whether this is true. Sure, I can imagine that any supplier would be happy to accept any sort of payment that suits the buyer if they're making huge orders, but why would they choose crypto if they have no trouble converting to fiat?
And lets do not forget that Ukraine was ranked very low in the least corrupt countries rank, so there's a big chance that a portion of those donations landed in some private wallets rather than going to suppliers.
Cryptocurrency will not help win the war.
https://www.wsj.com/articles/north-african-countries-snap-up-russian-oil-products-shunned-by-west-f63aa287
"North African countries picked up the slack.
Morocco’s imports of Russian diesel, which stood at around 600,000 barrels for the whole of 2021, surged to 2 million barrels in January, with at least a further 1.2 million barrels expected to arrive in the country in February, according to data from Kpler. Algeria and Egypt have also seen an uptick."
All these sanctions are a big circus. Now European companies are buying non-sanctioned Russian oil in North Africa.
https://www.wsj.com/articles/north-african-countries-snap-up-russian-oil-products-shunned-by-west-f63aa287
"North African countries picked up the slack.
Morocco’s imports of Russian diesel, which stood at around 600,000 barrels for the whole of 2021, surged to 2 million barrels in January, with at least a further 1.2 million barrels expected to arrive in the country in February, according to data from Kpler. Algeria and Egypt have also seen an uptick."
All these sanctions are a big circus. Now European companies are buying non-sanctioned Russian oil in North Africa.
The effect for Ukraine and Russia is positive if we'll just talk about the usage of bitcoin. Since the sanction that have been placed on Russia, most payment solutions have stopped operating on their end so, they've got no choice but to choose some ways of transferring and doing transactions by avoiding the sanction and that's through bitcoin AFAIK.
Whilst for Ukraine, it's really helpful because of how quick the transfers and helped come their way.
It's all about the usage but sad to see that this war is still going on and everyone is wishing that this have to come to an end.
Whilst for Ukraine, it's really helpful because of how quick the transfers and helped come their way.
It's all about the usage but sad to see that this war is still going on and everyone is wishing that this have to come to an end.
The ongoing war between Russia and Ukraine has shed more light on how digital currency is being used for military aid, since the invasion the Ukraine government have turned to social media and asked for the donation of Bitcoin, stablecoin and every other cryptocurrency.
According to international law the conflict between Russia and Ukraine already occurred in 2014, heating up the war as we see missiles hit in early 2021-2022, While Bitcoin at that time was traded as usual, we also see the same thing happened to Afghanistan, Iraq especially the Middle East, the fact that Bitcoin has no overall impact in fact we know these countries are at war.In terms of what law does Bitcoin affect the Russia & Ukraine war....!
If you talk about the assistance distributed with Bitcoin from the two countries, I think that's a natural thing because Bitcoin has technological properties (Peer-to-Peer), all of this will make it easier for warring countries to make transactions without involving other parties, in my opinion if it is only used as a transaction it will not affect Bitcoin towards the war between the two countries in question.
The ongoing war between Russia and Ukraine has shed more light on how digital currency is being used for military aid, since the invasion the Ukraine government have turned to social media and asked for the donation of Bitcoin, stablecoin and every other cryptocurrency.
From all indication the response was massive with over 100,000 people are contributing to help out Ukraine to improve there military effort in the war. One could never believe that helps could come from different people all over the world to assist Ukraine, to be frank with you, some individuals would have thought that NETO are the only ones helping Ukraine.
According to Ukrainian deputy digital minister Alex Bornyakov, the country has been using crypto to purchase fighting essentials like bulletproof vest, drones and other military gadgets/equipment.
https://bitcoinist.com/crypto-accepted-by-60-of-ukraine-weapons-suppliers/
From all indication the response was massive with over 100,000 people are contributing to help out Ukraine to improve there military effort in the war. One could never believe that helps could come from different people all over the world to assist Ukraine, to be frank with you, some individuals would have thought that NETO are the only ones helping Ukraine.
According to Ukrainian deputy digital minister Alex Bornyakov, the country has been using crypto to purchase fighting essentials like bulletproof vest, drones and other military gadgets/equipment.
https://bitcoinist.com/crypto-accepted-by-60-of-ukraine-weapons-suppliers/
Jump to: