On March 1, it was reported that Bitcoin leapt since Russia’s Ukraine crisis. It was bolstered by people in those states looking to store and move money in nameless and decentralized crypto. In Ukraine, meanwhile, crypto exchange Kuna saw its daily trading volume more than threefold to 150 million hryvnias ($5 million). Bea O’Carroll, managing director at Radkl, a digital asset investment firm, said the war and Western sanctions had observed a trend emerge of bitcoin being used to transfer value.
