• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Switzerland
Nexo

Switzerland To Freeze Russian Crypto Assets – No More Neutrality

Jet Encila by Jet Encila
2 months ago
in Bitcoin, Crypto News
0

The federal government of Switzerland is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday.

Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and freezing its assets in the Alpine country.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

According to Swiss Finance Minister Guy Parmelin, several close friends and associates of Russian President Vladimir Putin are among the 223 Russians whose bank accounts and physical assets have been frozen by Switzerland.

Choking Russian Crypto Assets

A senior official at the Switzerland Finance Ministry says he believes the country’s blockchain sector  should be safeguarded by preventing Russian crypto assets from entering the market.

Some 1,128 blockchain firms have selected Switzerland or Liechtenstein as their home base as of December 2021, according to CV VC, a Swiss venture capital organization.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Related Article | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War

BTC total market cap at $740.82 billion in the daily chart | Source: TradingView.com

Bitcoin, Other Top Crypto Down Today

On Saturday, Bitcoin’s market share fell from 42.44% to 39,047.24 dollars. Following Russia’s intensification of its military campaign in Ukraine, investors’ interest in Bitcoin and other cryptocurrencies began to dwindle. The crypto was trading at $41,400, down 4.72% from its last high. At $2,730, Ethereum, the second most valuable cryptocurrency by market value, fell 6.18%.

In addition, XRP shed 3.65%, Solana lost 7%, Avalanche dropped 5%, Cardano shed 5%, Polkadot retreated 4%, and Stellar fell 5%, among other well-known cryptocurrencies. Dogecoin lost 5%, Polygon shed 4%, and Shiba Inu dropped 4%. In the previous 24 hours, the total value of the cryptocurrency market fell by 4.50% to $1.75 trillion, with trading volumes falling by 3.43% to $83.23 billion, according to CoinMarketCap.

China’s Digital Yuan Trials Greenlit

In other developments, the digital yuan, the digital currency issued by China’s central bank, is now being tested, and it is almost certain that the country will allow for trials to take place.

As a result of the economic sanctions imposed on Russia, the potential roles of digital assets and cryptocurrencies have been thrust to the forefront of discussion.

This year is already proving to be a landmark year in the history of the Chinese economy, highlighted by record exports and an unprecedented influx of foreign investment in the country’s financial markets. Some analysts say Russia’s invasion of Ukraine may result in an increase in demand for the Chinese yuan in the near future.

As a consequence of the continuing conflict, it is possible that China may deploy its digital yuan on a far bigger scale.

Related Article | Israel Seizes 30 Crypto Accounts Used To Fund Hamas – Does This Hurt The Terror Group?

Featured image from PYMNTS, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jet Encila

Jet Encila

Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

8 hours ago
Goldman

Goldman Sachs And Barclays’ Investment In Elwood Tech A Major Triumph For Crypto Adoption

9 hours ago
Avatars

Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

11 hours ago
Crypto & Gaming: A Look At NRG’s Insights Report

Crypto & Gaming: A Look At NRG’s Insights Report

20 hours ago
Riot Blockchain

Riot Blockchain’s Texas Expansion Could Use Power To Light 200,000 Homes

1 day ago
crypto

Crypto Regulators From 5 Countries Identify A Potential $1 Billion Ponzi Scheme

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.