Particularly since the New York Times article he links to talks about crypto expats flocking to Ukraine because of lack of regulation: > Ukraine has already lu

Particularly since the New York Times article he links to talks about crypto expats flocking to Ukraine because of lack of regulation: > Ukraine has already lured some Americans and Brits in the crypto industry, and they didn’t come because they’re sticklers about the rule of law. Instead, they rhapsodize about everything from affordable restaurants to unhinged raves. Better yet, the government has not a clue about what they are doing or how much they earn. > “There are no rules,” says Mr. Chobanian, with an odd kind of civic pride. “Well, there are rules, but you can break them. It’s the perfect balance between absolute anarchy and possibilities.” ** > Even without another revolution, Steven Hanke, a professor of applied economics at Johns Hopkins University and a vocal Bitcoin skeptic, argues that the combination of Ukraine and crypto sounds like a fiasco in the making. Most studies he’s seen have found that roughly half of all Bitcoin transactions are for some illegal purpose. To him, this is not an industry that Kyiv should target with enticements. ** > “I like that it’s corrupt here,” says Mr. Sawhney. “Here, we get to play the game that only elites in the U.S. play. I don’t need a lobbyist. I need to pay someone at the border, I can. I need to pay politicians, I can.” Framing it as just being about people trying to escape a broken financial system and nothing more ("Do Vietnamese people love trading monkey gifs? Are Ukrainians especially susceptible to Ponzi schemes? Is Venezuela laden with techbros?") is extremely misleading.