Bitcoin And Crypto Are Helping Both Sides In The Russia
People fleeing war zones might find a unique use for crypto, but they’ll need to figure out how to use it first. There are already plenty of other ways to raise and move money that don’t involve digital currencies. And while crypto may make it easier to sidestep sanctions, countries were evading sanctions long before bitcoin arrived. The majority of donations received to date have been in Bitcoin and Ether, although US dollar stablecoins contribute a significant proportion. This is considered risky as a great deal of the market is in the hands of a few entities. In January 2018, Japanese exchange Coincheck reported that hackers had stolen $530M worth of cryptocurrencies. On December , Slovenian cryptocurrency exchange Nicehash reported that hackers had stolen over $70M using a hijacked company computer. In September 2021, the Chinese government declared all cryptocurrency transactions of any kind illegal, completing its crackdown on crytocurrency. The European Commission published a