Matt Wallace Recommends Crypto Adoption for Ukraine and Taiwan

Popular content creator Matt Wallace has advised crypto adoption for the people of Ukraine and Taiwan to avoid the risk of their bank accounts being seized or frozen. The tweet came on Thursday after the Ukrainian president imposed martial law in the country following the entry of Russian troops into Ukraine to finally put an end to speculations around a possible Russian invasion of the splintered nation. Matt Wallace Crypto Adoption Advice for Ukraine and Taiwan The tweet from Matt Wallace might seem indicative of the tyranny that smaller nations like Ukraine and Taiwan have to be subjected to by bigger and stronger neighbors like Russia and China, respectively. However, the content creator could be possibly referring to the financial clampdown in Canada after the Emergencies Act was evoked in Canada about ten days ago. This led to the freezing of bank accounts and monitoring of ‘large and suspicious transactions,’ including funds used for crypto transactions, amid a widespread truckers’ protest known as the ‘Freedom Convoy.’ Martial Law in Ukraine Ukrainian president Volodymyr Zelenskyy announced Martial Law in the country after Russia formally declared war on Ukraine. Following the declaration of martial law in Ukraine, the central bank has suspended the country’s currency markets, stopped the circulation of all securities, limited cash withdrawals, and halted the use of electronic currency and digital wallets. The announce...