Bitcoin and Ethereum sanctions could be next for Russia

[Freemind]

As I have read in several articles, the United States government is thinking about another possible sanction for Russia, preventing it from moving funds in Bitcoin and Ethereum. This would be a serious blow to the country, which is also in the process of accepting cryptocurrencies, but according to the US government, this new sanction would prevent the Russian government from continuing to finance the war. There are no details yet on how these sanctions could be carried out, since as we know, there are many ways to avoid many restrictions.

This is one of the articles: https://www.cnbc.com/2022/03/02/bitcoin-sanctions-could-be-next-as-doj-unveils-crypto-crackdown-plans.html

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

[Doctor]

war  sanction will effect to crypto, but I think it wil not have big effect.
We should distinguish,  crypto market being effected by sanction or bearish season.
Because we all know , it's bearish season.

[Bliznec]

How will this happen when bitcoin is completely decentralized. It is possible to circumvent sanctions restrictions by using a VPN. This applies to all sites that can be bypassed this way. 

[Master107]

If implemented, it would be indirectly Bitcoin promotion during war. The world will know how Bitcoin and Ethereum could finance one country. Everything will be back to normal and will restart the crypto dominion.
Anyway, most Russian don't care.

[Fenix]

It is very difficult to impose any restrictions on its movement on a decentralized cryptocurrency. The article to which there is a link does not disclose how such restrictions or prohibitions will be introduced and what exactly the United States is going to do specifically for this. Perhaps they will oblige exchanges and exchangers to perform certain actions in relation to cryptocurrency funds belonging to Russian citizens.
In the current situation, when their sons, husbands and fathers, with whom Russian citizens, as a rule, have mobile communications, deliberately continue to launch rocket and bomb attacks on residential areas, schools, hospitals in Ukraine, kill Ukrainian women and children, all Russian citizens are guilty of allowing this to happen. They have to pay for everything. Even for the fact that they do not have the courage now to massively protest against the war with Ukraine.
Therefore, while Ukrainians are dying at the hands of Russian invaders, any financial and economic sanctions against absolutely all categories of Russian citizens are justified.

[Freemind]

If implemented, it would be indirectly Bitcoin promotion during war. The world will know how Bitcoin and Ethereum could finance one country. Everything will be back to normal and will restart the crypto dominion.
Anyway, most Russian don't care.

That's what I find most strange about this whole situation. How are they going to implement it or try to implement it, because it is not easy at all. We know that exchanges can block any IP range they want, or even entire ISPs, but we also know that those restrictions can be easily circumvented with little to no knowledge. In any case, you are right, it could serve to make cryptocurrencies more known, and that's always good.

[I-Bit]

As I have read in several articles, the United States government is thinking about another possible sanction for Russia, preventing it from moving funds in Bitcoin and Ethereum.

My question is how USA government prevents BTC and ETH move from any wallets? And how do they limit Russians from accessing their wallets? I think this sanction is impossible to apply, USA government has no ability to prevent Russians from moving their BTC or ETH. Even it is possible, Russians can change their BTC or ETH to others coins and withdraw them from any exchanges. 

[sampoerna]

As I have read in several articles, the United States government is thinking about another possible sanction for Russia, preventing it from moving funds in Bitcoin and Ethereum.

I am wondering how can they do that? If they are able to do that, it means that Bitcoin and Ethereum are something centralized, under the power of the US?
really?
I am not sure about this because BTC and ETH are exactly decentralized. Even Binance itself will not lock the assets of Russian's users because of this war

[Fenix]

As I have read in several articles, the United States government is thinking about another possible sanction for Russia, preventing it from moving funds in Bitcoin and Ethereum.

I am wondering how can they do that? If they are able to do that, it means that Bitcoin and Ethereum are something centralized, under the power of the US?
really?
I am not sure about this because BTC and ETH are exactly decentralized. Even Binance itself will not lock the assets of Russian's users because of this war

Yes, everyone is interested in this question. But we already see that the American exchange Coinbase has already blocked 25,000 Russian user accounts. Now about a hundred states have already condemned Russian aggression against Ukraine and support international sanctions against the Russian Federation. Therefore, their authorities may well instruct cryptocurrency exchanges registered or located on their territory to block accounts belonging to Russian citizens.
But what else can states do in this regard, I am also interested.

[pacar_tiri]

Yea, everyone is interested in this question. But we already see that the American exchange Coinbase has already blocked 25,000 Russian user accounts. Now about a hundred states have already condemned Russian aggression against Ukraine and support international sanctions against the Russian Federation. Therefore, their authorities may well instruct cryptocurrency exchanges registered or located on their territory to block accounts belonging to Russian citizens.
But what else can states do in this regard, I am also interested.

I think Russian user didn't have fault, why coinbase blocked 25,000 Russian users.
I think It's not fair.
War always have bad effect, but citizens is remaining citizens.
This war between two countries, why citizens , especially crypto investors being victim.
It will have bad effect to crypto market.

[Freemind]

I am wondering how can they do that? If they are able to do that, it means that Bitcoin and Ethereum are something centralized, under the power of the US?
really?
I am not sure about this because BTC and ETH are exactly decentralized. Even Binance itself will not lock the assets of Russian's users because of this war

No, it is not about Bitcoin and Ethereum being centralized. From what I understand it would be that US based exchanges would block incoming connections from Russia, something that doesn't make much sense knowing that this can be easily circumvented using VPNs and proxy tunnels. They can also be other types of sanctions, "disconnecting" Russia from submarine cables, but that would only affect the "normal" population, any user with a satellite Internet connection could continue using the Internet without any problem.

[innerpumper]

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?

[rizqillah]

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?

American could blocked users from Russia in coin base, as we now , I read 25,000 users.
I don't think Russia will quiet.
Russia is the biggest be country and I believe Russian will respond this.
Hopefully it will not big effect for crypto market.

[doc]

TBH, I prefer see the peace than war.
Because war will always have bad effect to many elements.
I also think Russia and Ukraine war will effect to crypto currency market.
As we know America has blocked 25,000 coinbase users.
Market volume will decrease and the price will down.
It's not good for crypto world.

[Confero]

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!.