News > Ukraine and Russia record increase in crypto activity due to war
Ukraine and Russia record increase in crypto activity due to war
Tech Story | 15/10/2022 05:34 PM | Click to read full article
A Chainalysis report shows that Ukraine and Russia recorded an increase in crypto activity because of the current war going on. This doesn’t come as a surprise because Ukraine has raised a lot of money via cryptocurrencies.
Russia has been facing sanctions from the US and EU, pushing them to adopt cryptocurrencies which have become an effective way for Russia to evade the sanctions.
