{"id":126935,"date":"2025-04-10T20:16:52","date_gmt":"2025-04-10T20:16:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126935"},"modified":"2025-04-10T20:16:52","modified_gmt":"2025-04-10T20:16:52","slug":"tariffs-capital-controls-could-fragment-blockchain-networks-execs","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126935","title":{"rendered":"Tariffs, capital controls could fragment blockchain networks \u2014 Execs"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsEscalating geopolitical tensions threaten to balkanize blockchain networks and restrict users&#8217; access, crypto executives told Cointelegraph.\u00a0<br \/>\nOn April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries \u2014 but the prospect of a global trade war still looms, especially because Trump still wants to charge a 125% levy on Chinese imports.\u00a0<br \/>\nIndustry executives said they fear a litany of potential consequences if tensions worsen, including disruptions to blockchain networks\u2019 physical infrastructure, regulatory fragmentation, and censorship.\u00a0<br \/>\n\u201cAggressive tariffs and retaliatory trade policies could create obstacles for node operators, validators, and other core participants in blockchain networks,\u201d Nicholas Roberts-Huntley, CEO of Concrete &amp; Glow Finance, told Cointelegraph.\u00a0<br \/>\n\u201cIn moments of global uncertainty, the infrastructure supporting crypto, not just the assets themselves, can become collateral damage.\u201d<br \/>\nAccording to data from CoinMarketCap, cryptocurrency\u2019s total market capitalization dropped approximately 4% on April 10 as traders weighed conflicting messages from the White House on tariffs amid a backdrop of macroeconomic unease.\u00a0<br \/>\nCrypto\u2019s market cap retraced on April 10. Source: CoinMarketCapRelated: Trade tensions to speed institutional crypto adoption \u2014 Execs<br \/>\nBitcoin\u2019s vulnerabilities<br \/>\nBitcoin (BTC) is especially vulnerable to a trade war since the network depends on specialized hardware for Bitcoin mining, such as the ASIC chips used to solve the network\u2019s cryptographic proofs.\u00a0<br \/>\n\u201cTariffs disrupt established ASIC supply chains,\u201d David Siemer, CEO of Wave Digital Assets, told Cointelegraph.\u00a0Chinese manufacturers such as Bitmain are key suppliers for miners.<br \/>\nHowever, \u201cthe greater threat is the erosion of blockchain\u2019s core value proposition\u2014its global, permissionless infrastructure,\u201d Siemer said. This could be especially problematic for everyday crypto holders.\u00a0<br \/>\n\u201cIf global trade breaks down and capital controls tighten, it may become harder for citizens in restrictive countries to acquire bitcoin,\u201d said Joe Kelly, CEO of Unchained. \u201cGovernments could crack down on exchanges and on-ramps, making accumulation and usage more difficult,\u201d Kelly added.<br \/>\nBitcoin\u2019s performance versus stocks. Source: 21SharesIronically, these types of fears also underscore the importance of cryptocurrencies and decentralized blockchain networks, the executives said.\u00a0<br \/>\nBitcoin has already shown \u201csigns of resilience\u201d amid the market turbulence, highlighting the coin\u2019s role in hedging against geopolitical risks.\u00a0<br \/>\n\u201cWhile the environment is challenging, it also creates an opening for crypto to prove its long-term value and utility on the global stage,\u201d noted Fireblocks\u2019 executive Neil Chopra.<br \/>\nMagazine: Memecoin degeneracy is funding groundbreaking anti-aging research<a href=\"https:\/\/cointelegraph.com\/news\/tariffs-capital-controls-could-disrupt-blockchains-including-bitcoin-execs?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsEscalating geopolitical tensions threaten to balkanize blockchain networks and restrict users&#8217; access, crypto executives told Cointelegraph.\u00a0 On April 9, US President Donald Trump announced a pause in the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126935"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126935"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126935\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126935"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}