I was asking in some forums a few days before the invasion whether Russia would start pumping money into crypto, especially things like Monero. The response I g

I was asking in some forums a few days before the invasion whether Russia would start pumping money into crypto, especially things like Monero. The response I got (aside from accusing me of selling crypto, even though I don't own any), was that it's seen as too unstable and too unpredictable an asset for oligarchs and so forth to put their money into. Switzerland also indicated they weren't doing anything about sanctions. There's other tax havens out there as well. That seemed like a good point to me; why put your money in bitcoin or Monero when you could put it into gold, or keep your money in a Swiss account? I'm sure these oligarchs have very solid ways of laundering money. On the other hand, maybe this will be just the sort of thing that kicks of practical reasons for use of crypto. Today there's articles about huge donations to Ukraine in the form of BTC, so who knows.