- Bruno le Maire claims that sanctions on Russia have been quite successful.
- Bitcoin and Ethereum are both down 4% in the last 24 hours.
On Thursday morning, Bitcoin lost some of its gains, but not before it had run for three days in a row. In the last three days, the price of Bitcoin has risen by nearly 17%, setting a new record. Thanks to its recent increase, many people are again referring to Bitcoin as a ‘safe haven,’ thanks to its recent increase. This year, the price of Bitcoin has been nothing short of wild. After a positive week, it is still down more than 5% year-to-date. Bitcoin and Ethereum are both down 4% in the last 24 hours, with the global crypto market cap trading at $1.87T, a 4% decrease over the last 24 hours. Similarly is the case with Terra, AVAX and other altcoins.
Strict Sanctions on Russia
According to French Finance Minister Bruno le Maire, EU sanctions on Russia would cover cryptocurrencies, who says the EU has made this announcement. Several nations, including France and the United Kingdom, might influence this judgment. Shortly, they want to make cryptocurrencies legal tender by enacting laws to that effect.
Bruno le Maire claims that sanctions on Russia have been quite successful but that the financial system of the country as a whole has been destroyed as a result. Russia’s central bank cannot preserve the country’s currency, which many say may lead to a repeat of the 1990s ‘disintegration era’ economic collapse.
Moscow has been penalized for its aggression on Ukraine by the European Union. More than a dozen sanctions on Russia’s leadership and those linked to rebels in eastern Ukraine were issued by the 27-nation EU. Individuals and enterprises, including oil firms that assist President Putin’s military effort in Ukraine, focus on these sanctions.
