Bitcoin and Ethereum sanctions could be next for Russia

[Freemind]

I think America has banned cryptocurrency circulating in their country, if it comes to banning bitcoin flows from Russia to the world, I don't understand them. At least, America gave the green light for cryptocurrencies in their country too. In addition, bitcoin and other coins are decentralized and cannot be regulated by anyone, can America regulate cryptocurrencies to ban Russia?

No, the United States cannot regulate outside its country, and even less in Russia, its "eternal enemy". But what the United States can do is somehow "force" all exchanges based in the country to impose blocks and prevent Russian users from using services (deposits and withdrawals) of any kind. Actually it is another measure of pressure towards Russia to end all this madness, and I hope that sooner or later all sanctions (of any kind) start to work.

[dekafee79]

Do you think these sanctions could have any effect or do you think they won't really help at all?.

Talking about sanction and war, I think It will have effect to crupro currency too.
But crypto currency is anonymous and can't be controlled.
I think US just blocked users but didn't block crypto.
War is not good and will have bad effect to economic.
So, Crypto will suffering too.
At this time also bearish season, people didn't worry about this sanction.

[TomPluz]

Why did Russia get so many sanctions for invading Ukraine, while Israel, which invaded Palestine for years, remained safe from sanctions?!  I think this is America's strategy to bring down Russia, because America is afraid that Russia will become a strong country that will be able to compete with America. And if there really were Cryptocurrency Sanctions against Russia, this would be a really bad thing!.

What I know is that the USA under Putin has no real plan whatsoever for or against Russia but has now became reactive type of a leader in the international scene. USA has become a weakling and that become the driving force why Putin decided that this can be the best time to get Ukraine back into its orbit just like in the past - the USSR empire. Now, the sanctions that can be made by USA on cryptocurrency relative to Russia will be focused on centralized exchanges and I think Coinbase for example is already doing it now and so will Binance soon but as to decentralized platforms the government can have a hard time stopping transactions from going through and this is really worth watching as to how creative the government can be in exercising this power.

[Vx1]

Approximately how Crypto sanctions will be applied by one country to another, because we know Cryptocurrency is anonymous and decentralized. 
It is very difficult to trace how we can find out it belongs to Russian people or not, Or they will block Crypto sites in Russian State?!  Currently people who are involved in Crypto are smart, they will still be able to enter blocked Crypto sites in their own way.

[therozaq]

Approximately how Crypto sanctions will be applied by one country to another, because we know Cryptocurrency is anonymous and decentralized. 
It is very difficult to trace how we can find out it belongs to Russian people or not, Or they will block Crypto sites in Russian State?!  Currently people who are involved in Crypto are smart, they will still be able to enter blocked Crypto sites in their own way.

Maybe from KYC  mate,  National ID, driver license or passport.
If the country is Russia will be blocked. example coinbase.
But It just ar several exchange that use KYC.
Don't worry , I think It will have little be effect to crypto market if by they just blocked by Russia users.
Maybe war will have long term effect, let's see.

[Freemind]

Approximately how Crypto sanctions will be applied by one country to another, because we know Cryptocurrency is anonymous and decentralized. 
It is very difficult to trace how we can find out it belongs to Russian people or not, Or they will block Crypto sites in Russian State?!  Currently people who are involved in Crypto are smart, they will still be able to enter blocked Crypto sites in their own way.

No matter how many sanctions they may impose, it does not mean that all of them will work, or will work 100%. Exchanges and IPS can block incoming connections from Russia, but what they cannot block, for example, is any citizen of any country buying crypto and sending it to a Russian citizen. Not everything can be controlled on the internet, as there are many ways to avoid crypto related penalties, and the sanctioning countries know it perfectly.