The Russia-Ukraine conflict has resulted in an outpouring of pressure to harm ordinary Russians, many of whom oppose the war. Some international corporations have bowed to pressure, with McDonald’s, Starbucks, and Coca-Cola announcing their exit from Russia.
Crypto exchanges have also been under pressure to act. Although Binance has ruled out a blanket restriction on Russian addresses, Coinbase imposed a suspension on 25,000 accounts in order to “comply with sanctions.”
With the executive order establishing a crypto framework, it would become more difficult to avoid the government’s probing eyes. On the other hand, Rich Dad, Poor Dad author Robert Kiyosaki predicted that this would result in cryptocurrency seizures and the forced adoption of a central bank digital currency.
He tweeted:
BYE-BYE BITCOIN: Prediction. Biden to sign EXECUTIVE ORDER regulating Cryptos. NEXT: Fed Crypto. NEXT: all crypto currencies seized & folded into GOVERNMENT crypto. “Let’s Go Brandon” you criminal. You commie.
— therealkiyosaki (@theRealKiyosaki) March 8, 2022
Kiyosaki’s viewpoint seems extreme, based on Executive Order 6102, which confiscated gold from US citizens in 1933.
