It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine. US, EU and their allies immediately placed severe sanctions on Russia’s economy. This has made the crypto sector extremely vulnerable and highly demanding.

The crypto space needs to prove itself as mature, financially and politically responsible, with the ability to defy allegations that it is a haven for authoritarian regimes, war criminals, or sanctioned Oligarchs. The crypto space has done relatively well up to now. But despite reassurances from industry opinion leaders, some experts say that crypto’s decentralized nature might seriously jeopardize the effort.

Precedent donations

Regulative concerns

Reaction from industry

What’s next?