By Oliver Gray
Investing.com - Cryptocurrency markets stabilized during Wednesday’s APAC deals, following recent volatility surrounding the war in Ukraine as commodity prices surged across the board, while investors nervously prepared for a long-awaited crypto executive order by U.S. President Joe Biden that will outline the country's approach to regulation in the cryptocurrency space.
Biden is set to issue the order this week, which will direct federal agencies to examine potential regulatory changes as well as the national security and economic impact of digital assets. The White House’s approach to crypto has attracted fresh attention in recent weeks as Washington and its allies have levied sanctions on Russia as concerns rise that firms and individuals there could use crypto to evade the restrictions.
Meantime, war in Ukraine and and the tightening of Western sanctions against Russia have made cryptocurrency a hot potato for international politics, as crypto trading surges in popularity both in sanction-stricken Russia and war-torn Ukraine. Crypto exchange Coinbase (NASDAQ: COIN ) blocked over 25,000 Russia-linked addresses on Monday, believed to be linked to illicit activity, while Binance has started investigating and blocking accounts of people who are known to be close to individuals targeted by sanctions.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.