Thanks at @pavlik noise user for posting this: "The administration of U.S. President Joe Biden called on cryptocurrency exchanges to ensure that Russian individuals and organizations under sanctions cannot use digital currencies to circumvent restrictions. Bloomberg writes about it. The White House National Security Council and the US Treasury have approached the largest cryptocurrency exchanges, in particular Binance, FTX and Coinbase, on this issue." -- This action by the WH will drive even more users out from crypto exchanges, further cementing the destabilizing power of decentralized, blockchain tech in the world today. DEXs will continue to thrive and Coinbase, Kraken, Binance, FTX and others will eventually suffer losses of users and volume. https://www.bloombergquint.com/politics/u-s-prods-crypto-exchanges-to-thwart-russia-sanctions-dodgers
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Yes. This goes against the very spirit of cryptocurrency, which is supposed to be permissionless. I predict we will see a spike in the use of coin mixers and other ways to help ensure anonymity.