CEXs will eventually agree to freeze Russian accounts when pressured by governments.

Tl:dr; Heading above is enough

Since economic sanctions have been applied to Russia, there has been a case of ‘Russia will use crypto to bypass them’. We have seen prominent politicians like Hillary Clinton, Elizabeth Warren etc (to hell with them anyway) whining about crypto. They want crypto companies to freeze Russian accounts, like banks do, you know.

Then we saw CEOs of CEXs like Binance, Kraken and KuCoin defy those calls. And now we are all celebrating about it as it shows how crypto is decentralized. But, that is just a start. If this war goes on for long and we see Russia benefit with crypto, it’s pretty obvious governments where these CEXs are registered in will pressure them with subpoenas to do what they want. We know how governments do to companies.

Besides, we already see that some of these CEXs are restricted in some countries/regions. That alone is enough to show you that CEXs operate per law of the specific country. I don’t think a company registered in a certain country will be allowed to break laws and rules of sanctions, especially for a company of something hated by governments like crypto. They will all comply in the end. These are just words to calm us down.

So for Russian friends, who are using crypto to survive because Ruble has been killed by Putin, kindly consider to move your crypto from CEXs to DEXs for precautions! Ps: not so good in English