Wed, July 24, 2024

The Impact of Coronavirus on the Crypto

: Crypto transactions around the world

Two days ago, the U.S. President decided to suspend the entry of most foreign citizens who visited certain European countries during the last two weeks. As a result, a lot of people from Europe and other parts of the world won’t be able to enter the U.S. This move is going to affect the crypto industry as people won’t be able to attend crypto-related conferences and events.

The list includes many European countries. However, the United Kingdom is not on the list. Other countries also imposed travel restrictions. India announced it would stop issuing visas for most foreign visitors arriving from March 13 to April 15. Moreover, India closed its border with Myanmar.

Countries around the world also introduced drastic measures, as governments are working hard to stop this virus.

Travel disruptions and crypto eventsThe impact of travel bans on crypto

The current situation created many problems for the tourism industry. The Crypto industry is also suffering as organizers had to postpone a number of crypto events.

Organizers decided to postpone major crypto events such as TOKEN2019. It was originally scheduled for mid-March 2020. TOKEN 2049 will take place in several months on October 7-8, 2020. It is worth mentioning that organizers of another crypto event in Hong Kong decided to postpone the conference, and it will take place in September.

Organizers were forced to change their plans regarding the EDCON conference. Organizers conclude that they had to cancel this conference. It makes sense as Italy has the highest number of confirmed cases after China. In this situation, it would be tough to organize an event at a time when the Italian government imposed a nationwide lockdown.

Moreover, the future of South Korea’s Nitron Summit 2020 remains unknown as organizers have to release the information about new dates.

People should take into consideration that major conferences around the world may soon announce postponements or outright cancellations.


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