What is the impact of the current Ukraine and Russia war on Crypto? With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful
So far it hasn't had much impact on price developments, because the cryptocurrency only experienced a slight correction and then rose again high as if we were facing a normal day.
However, in the two countries that are currently at war, they really need cryptocurrencies because of the difficulty of financial flows into their countries.
Ukraine received donations of at least more than $10 million in cryptocurrency for their country.
Russia may not be seen using cryptocurrencies now, but in the long run they need cryptocurrencies to help restore their economy and also help track their financial transactions because currently Russian fiat cannot enter or leave their own country.