Little Hole During War

The heat of the war between Russia and Ukraine has affected various aspects of human life, the impact has worsened after several cases occurred in Ukraine with the death of civilians, which is ironic and has made the world speak out with condemnation of the inhumane Russian soldiers. many people consider this action to be immediately handled by the United Nations. The impact of this conflict has penetrated into various fields and one of them is cryptocurrencies.

This happened when Ukrainian President Volodymyr Zalenskyy signed the proposed virtual asset law and it became law on March 16, 2022, stating that Ukraine can establish a legal and regulated crypto market. With this new regulation, Ukraine officially uses crypto currency as a legal transaction tool. banks will open accounts for crypto companies so that they can be widely used in society.

This is a small hole where a conflict occurs and is penetrated by cryptocurrencies. The adoption of crypto currency in Ukraine had a fundamental reason when the President of Ukraine promulgated this law. the factor is that when the war broke out many people gave assistance to ukraine through crypto assets to organizations and groups so that donations were collected very much. This factor triggers Ukraine to make crypto currency as a legal transaction tool.

The conditions of war caused problems in banking because of disruptions in every bank so that many citizens began to switch to blockchain. this was an unexpected move but circumstances forced crypto to play a major role at a time of war in ukraine. many people assume crypto will rise faster than before, therefore many crypto asset holders do not want to sell it because of the influence of adoption from ukraine.

This is good news for crypto asset holders at a time of sad news for the Ukrainian people. The positive thing is that the digital asset market is growing in the world and the negative thing is that the adoption of crypto in Ukraine was not planned but because of a disaster.

Crypto currency transactions have no limits, you can imagine when your brother is sick and needs financial assistance, you can ask friends or relatives from all over the world and don't wait long, only a few seconds, help is in your hands.

The question is can bitcoin cash rule digital transactions in ukraine? remember, people want transactions with low fees and fast processing. you may prefer cheap and quality over expensive and the same quality.

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