World Leaders Condemn Russia’s Attack On Ukraine – Bitcoin Takes Severe Beating
As the attack on Ukraine by Russia commenced as expected in the early hours Thursday, US and world leaders scurried to denounce Russia, warning of harsh consequences for its actions. Russian troops launched their predicted onslaught on Ukraine, ignoring international condemnation and sanctions and warning other countries that any effort at interference would result in […]
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Russia has launched a full-scale invasion of Ukraine on many fronts on Thursday, leading the Ukrainian government to mobilize troops, arm citizens, and appeal to foreign leaders for assistance. As world leaders have warned for weeks, Russian President Vladimir Putin has started a “unprovoked and unjustified attack” on Ukraine, according to US President Joe Biden. […]
The government of Ukraine legalized crypto and digital assets on its territory. Per an official post, the president of the country Volodymyr Zelenskyy signed a law that legalizes transactions with this asset class. Related Reading | Iranian, Venezuelan OpenSea Users Blocked From NFT Platform Over Russia’s Attack On Ukraine According to the law, crypto exchange […]
According to Ganna Voievodina, Ukraine’s law on digital assets was adopted “just in time” for companies handling crypto and a government looking for tax revenue. While many parts of Ukraine are still facing threats from Russia’s military, some residents, industry leaders and government officials are turning to digital assets for help in relocating people, funding humanitarian aid projects and getting supplies to its own soldiers.On Feb. 17, exactly one week before Russian forces began their attack on Ukraine, the country’s legislature adopted the “On Virtual Assets” bill. Ukrainian....
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as economists once predicted. At the same time, inflation in the U.K. topped 10% and the European Union’s inflation rate is expected to be just as high. Russian president Vladimir Putin blames the....
Crypto could be one of few ways for Russians to help Ukrainians as any identified assistance to Ukraine is considered as high treason by the Russian state. While the West is growing increasingly concerned over Russia’s potential use of cryptocurrencies to evade sanctions, some Russians are using their Bitcoin (BTC) to help Ukrainian people.Pavel Muntyan, a renowned Russian animation producer and creator of the animated web series “Mr. Freeman,” has called on anti-war Russians to support Ukrainian citizens amid Russia’s ongoing military attack on the country.Muntyan took to Twitter on....