By attempting to freeze wallets (Canada gov, now Ukraine gov making such requests of exchanges), centralized exchanges that comply will inevitably drive crypto users to DEXs. Interesting that as attempts to control the flow of money play out, centralization is further eroded by eliminating ALL centralized exchanges of all the remaining good will/trust users have toward banking and financial services sectors. When Kraken told users to move their money from exchanges, they ominously indicated that they would be a target of freeze-requests by authorities which would be against the interest of crypto users worldwide. As more 'freezes' moves in, more users will flee Coinbase, Kraken, Binance and others for DEXs. Pandora's box of change has been opened, now the consequences of blockchain play out internationally, with a gradually emerging finality.
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