Russia and Ukraine (Do cryptocurrencies affect their war?)
The second round of negotiations between Russia and Ukraine has concluded after lasting just over an hour. The delegations of the parties involved in the conflict met this Monday, June 2, at the Ciragan Palace in the Turkish city of Istanbul. The negotiations were conducted in the Russian language, according to reporters on the scene.
The war has impacted practically all aspects of life in both countries, and cryptocurrencies are no exception. Additionally, there has been widespread concern about Russian attempts to use cryptocurrencies to raise funds and evade international sanctions.
How does the war affect cryptocurrencies?
The war generated significant instability in cryptocurrency markets. Chen et al. (2022) show that assets such as Bitcoin (BTC) and Ethereum (ETH) experienced considerable price fluctuations in the days following the invasion, driven by global economic uncertainty and speculative behavior from investors.
