Regulatory debates, mining, sanctions dynamics, and Russia’s complex crypto environment.
Can the Russian regime and elite use crypto to evade sanctions? This is a heated debate among people in crypto, the media and some politicians. The answer according to crypto lawyer Jake Chervinsky is no.
Laszlo Dobos 4 min read 
Clients of some sanctioned Russian banks are unable to deposit fiat or buy crypto on Binance.
Bitcoin’s valuation has surpassed that of the Russian Ruble and also institutions like JPMorgan, Meta and others.
American financial newspaper Barron's argues sanctions on Russia worked in favor of Bitcoin as it may have decoupled it from the traditional stock market.
Sanctions bite leading to the collapse of the ruble. Data suggests Russians are turning to Bitcoin to protect themselves from the fallout.
As donations are pouring into various charities to support Ukraine, people are lining up to contribute. In a rather criticized tweet, Gavin Wood, co-founder of Ethereum, and founder of Polkadot, offers $5 million to Ukraine under the condition they post a DOT address.
As Western countries have agreed on imposing restrictions cutting off Russian banks from the SWIFT global payment system, affected Russian banks are “picked carefully” to minimize potential energy crises.
The U.S. as well as the U.K. and several other European countries have agreed to ban a number of Russian banks from SWIFT.
Bitcoin bounces making back all of Thursday's losses, at the same time gold returns its gains throwing confusion on what constitutes a safe haven asset.
