https://www.politico.com/news/2022/03/10/crypto-firms-sticking-with-russia-00015907
As more banks stop serving Russians in response to the conflict between Russia and Ukraine, digital asset companies are being forced to do the same with traditional financial institutions.
So far, Russia has been the main target of crypto-skeptics because they suspect that it is:
- The main source of ransomware attacks,
- A hub for high-risk digital asset exchanges, and
- Service providers known to facilitate illegal activities.
And now, in the event of Russia's invasion of Ukraine, many digital asset service providers are being forced to rethink their decentralized peer-to-peer payment systems, which still rely on the government.
Stay tuned for the impact of the Russian-Ukrainian conflict on cryptocurrencies!!
