Gate.io Blog：The Crypto War according to the Russia - Ukraine Conflict’s Timeline

2022-03-17 01:19:33 UTC

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【TL; DR】

Since February this year, due to the tense situation between Russia and Ukraine, the global capital market has been occupied by risk aversion, the gold and US dollar indexes have risen, the price of crude oil has been increasing due to Russia's role in the conflict, and the risk assets are facing selling pressure.

[February 17] the Ukrainian parliament approved an amendment to the virtual assets law, officially recognizing the legitimacy of cryptocurrency in Ukraine.

[February 21] the Russian Ministry of Finance submitted a regulatory bill to parliament to "conditionally" allow domestic cryptocurrency transactions.

[February 26] the Ukrainian government announced the official donation address on Twitter, calling for encrypted donations in the form of BTC, ETH and USDT to assist Ukraine. As of March 4, the scale of cryptocurrency assistance obtained from the official address of Ukraine has reached US $50 million.

[February 26] the United States, the European Union, the United Kingdom and Canada issued a joint statement, announcing that several Russian banks were prohibited from using the SWIFT international capital clearing system. Bitcoin in Russia has a positive premium of up to US $18000, driving the global Bitcoin price to rise by more than 15%.

[March 1] CryptoPunk #5364 was donated to the Ethereum wallet of the Ukrainian government, worth nearly $200000. As a donor channel and fund-raising channel, NFTs has also played an increasingly important role in the conflict between Russia and Ukraine.
Since February 2022, the conflict between Russia and Ukraine has gradually intensified in tension, and finally evolved into a local war, which has had a huge impact on the global capital market. In a report on February 25, the Washington Post called the Russian Ukrainian war the "world's first crypto war". In this article, we will sort out the "crypto war" in the conflict between Russia and Ukraine in chronological order.

Since February 2022, the conflict between Russia and Ukraine has gradually intensified in tension, and finally evolved into a local war, which has had a huge impact on the global capital market. In a report on February 25, the Washington Post called the Russian Ukrainian war the "world's first crypto war". In this article, we will sort out the "crypto war" in the conflict between Russia and Ukraine in chronological order.

For more information on the specific analysis process, please read this blog:The Crypto War according to the Russia - Ukraine Conflict’s Timeline

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March 16

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