Crypto became a big place for Russia to use after this. The talks about Russia banning crypto will have to be halted and the Russians will try their best to make global business via crypto from now out. It is not like it is fully legal for companies in other nations to start accepting crypto from Russians instead of fiat and be fine, but regular people could trade between each other.
Like you can hire a developer from Russia to work as a small startup, who would know? Or you could work for a Russian person and write content for them, who would know? At the end of the deal, we are going to end up with small retail investors being fine and the big names not be able to, which is great. Why? Because it is not Russian citizens that caused this, it's their dictator, we should not blame Russians for it.
Topic: Russia - Ukraine war - Exchanges needed for sanctioning - page 2. (Read 326 times)
I read through the link provided by Op. Not only best exchange will benefit from this rush but more exchange and binance has already said it won't block Russian hodlers, I guess maybe that's because China and Russia are being aligns. Yes this may be the beginning of another bull for the market because Russians withdrawing fiat and converting to cryptocurrency will certainly cause another rush as they have lots of hodling.
But my personal point about this is I don't wish that they start dragging cryptocurrency exchanges into this kind of politics. Bitcoin is decentralised and they should allow exchanges out of this and not seeking the help of exchange to block any hodlers whether Russia or Ukraine. Exchanges shouldn't take side but to be open to who ever in the cause of this fight. Staying neutral will give cryptocurrency an edge when this whole thing is ended.
I doubt that this event will create a bull run due to the fact that russian ruble is decreasing value overtime and no onewill gonna sell them Bitcoin except Exchange which will give them an incredible rate for there sinking value money. Russian will not gonna burn there fiat in exchange for piece of crypto which they can not still use world wide since they are ban in the rest of the market.
It's either they willmjust hold it until the price back to normal or just spend it in there own market inside there country. They are isolated to the world so moving asset into crypto is pointless since crypto price is affected by there war too.
I feel appealed for my part because I advertise for Best Change. I had seen on Best_Change's profile that it says location "Moscow" but I wasn't sure if it's a business located in Russia or what.
Me neither. Honestly, the argument seems like bullshit to me. I understand the position of the Ukrainian minister seeing himself attacked and the reaction is to defend himself trying to screw not only Putin but as many Russian citizens as possible.
I am not surprised that Binance has refused, as I share the argument of not making the just pay for the sinners. Trying to block certain users, politically relevant and if they are dumb enough to have their coins on the exchange is fine with me, but blocking the ordinary citizen who is trying to escape the ruin of the ruble I don't see the point.
The blacklist of coins that have gone through mixers or casinos has not been very successful and this is on the way to the same thing. Besides, with this perspective, those who are not fools will take their coins out of the exchange to hard wallets ASAP.
I don't see how it is beneficial to hit ordinary Russians who may not support what Putin is doing.
Me neither. Honestly, the argument seems like bullshit to me. I understand the position of the Ukrainian minister seeing himself attacked and the reaction is to defend himself trying to screw not only Putin but as many Russian citizens as possible.
I am not surprised that Binance has refused, as I share the argument of not making the just pay for the sinners. Trying to block certain users, politically relevant and if they are dumb enough to have their coins on the exchange is fine with me, but blocking the ordinary citizen who is trying to escape the ruin of the ruble I don't see the point.
The blacklist of coins that have gone through mixers or casinos has not been very successful and this is on the way to the same thing. Besides, with this perspective, those who are not fools will take their coins out of the exchange to hard wallets ASAP.
I don't see how it is beneficial to hit ordinary Russians who may not support what Putin is doing. And this is ultimately just another reason why people shouldn't use Exchanges or Webwallets as though they were akin to a savings account. Your funds can be frozen even if you have personally done nothing wrong. Third party custodians are highly susceptible to political matters and cannot be trusted to serve in your best interests.
I read through the link provided by Op. Not only best exchange will benefit from this rush but more exchange and binance has already said it won't block Russian hodlers, I guess maybe that's because China and Russia are being aligns. Yes this may be the beginning of another bull for the market because Russians withdrawing fiat and converting to cryptocurrency will certainly cause another rush as they have lots of hodling.
But my personal point about this is I don't wish that they start dragging cryptocurrency exchanges into this kind of politics. Bitcoin is decentralised and they should allow exchanges out of this and not seeking the help of exchange to block any hodlers whether Russia or Ukraine. Exchanges shouldn't take side but to be open to who ever in the cause of this fight. Staying neutral will give cryptocurrency an edge when this whole thing is ended.
My take is that US or EU could potentially activate that measure. In that case, the exchanges would need to either comply fully or decide to opt out of the regulations. In the later case, they will be banned from operating in US and EU plus many other countries.
It is no joke to face the consequences of an US ban or sanction, thus exchanges may be forced to decide which side is best. Hint: the level of business in the West is higher in general.
It is no joke to face the consequences of an US ban or sanction, thus exchanges may be forced to decide which side is best. Hint: the level of business in the West is higher in general.
Crypto exchanges consider Ukraine’s call to freeze Russians’ Bitcoin
Mykhailo Fedorov, minister of digital transformation of Ukraine, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addresses of Russian users.
Mykhailo Fedorov also said it's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.
Bestchange which is an exchange aggravator that also have a signature campaign on Bitcointalk saw 20% increase recently.
Bitcoin was created less than 13 years ago which led to the creation of many other cryptocurrencies, it is now a major importance in the world. Putin talks good on cryptocurrencies recently before Russai invasion, I think this is part of his plan, that if there are sections, they can resort to cryptocurrencies.
Mykhailo Fedorov, minister of digital transformation of Ukraine, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addresses of Russian users.
Mykhailo Fedorov also said it's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.
Bestchange which is an exchange aggravator that also have a signature campaign on Bitcointalk saw 20% increase recently.
Quote
The major exchange used by Russains Binance said it is not going to freeze the account of common citizen that cryptocurrencies are meant to provide greater financial freedom for people across the globe, but that the exchange is taking measures to ensure that sanctions are against sanctioned entities in Russia but minimising the imalct on innocent users.
Some crypto executives believe that sanctions against Russia are eventually inevitable. However, they should target only select persons as the U.S. Office of Foreign Assets Control usually does.
Kraken CEO Jesse Powell also said that the Kraken exchange will not be able to freeze the accounts of the exchange’s Russian clients without a legal requirement. “Russians should be aware that such a requirement could be imminent,” he added.
Some crypto executives believe that sanctions against Russia are eventually inevitable. However, they should target only select persons as the U.S. Office of Foreign Assets Control usually does.
Kraken CEO Jesse Powell also said that the Kraken exchange will not be able to freeze the accounts of the exchange’s Russian clients without a legal requirement. “Russians should be aware that such a requirement could be imminent,” he added.
Bitcoin was created less than 13 years ago which led to the creation of many other cryptocurrencies, it is now a major importance in the world. Putin talks good on cryptocurrencies recently before Russai invasion, I think this is part of his plan, that if there are sections, they can resort to cryptocurrencies.
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