It’s hard to avoid geopolitical topics these days. What happened between Russia’s Vladimir Putin, Ukraine’s Volodymyr Zelensky and the U.S. President Joe Biden illustrates how fragile the world’s political balance nowadays is.

Numerous U.S. unilateral sanctions against various countries around the world have been widely criticized. Since 1998 the United States has imposed economic sanctions on more than 20 countries.

These sanctions, according to various high ranked researchers, failed to change the behavior of sanctioned countries; but they have barred American companies from economic opportunities, and harmed the poorest people in the countries under sanctions.

In addition, secondary sanctions often separate the United States and Europe because they reflect U.S. interference in the affairs and interests of the European Union.

Sanctions usually imply financial hardships on the receiving party – more precisely, on its people. The theory here says that the impoverished masses eventually protest against their leaders and members of the government and overthrow them. But in practice that had never happened, with just a couple of minor exceptions.

However, recently the corresponding sanction evoked hardships as more and more people are inclined to use de-politicized sources of wealth exchange pointing to crypto transactions as the most popular and viable alternative.

We contemplate a substantial inflow of non-staking funds to and from small crypto wallets, which resulted in a rather spectacular rebound of BTCUSD to above $38K and ETHUSD to almost $2,700. It is imperative now for most legitimate crypto exchanges to differentiate any types of money laundering or illegal activities from helping ordinary innocent people secure their small savings from the various sanctions irrelevant to their individual responsibilities.

Crypto exchange Binance said on Monday it will not block accounts of Russian users despite calls from Ukraine to take such action.

“We are not going to unilaterally freeze millions of innocent users’ accounts,” a Binance spokesperson told CNBC. “Crypto is meant to provide greater financial freedom for people across the globe. To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists,” the company added. However, Binance stressed that it will block accounts of Russians targeted by sanctions