Coinbase has just blocked 25k accounts allegedly linked to illegal activities. It makes sense since Coinbase is centralized and is an open company within the US stock market.
We all know "not your keys not your funds", so it is intuitive that people should be incentivized to hold their own crypto and avoid losing it to third parties.
Recently the US and NATO allies have purged Russia, and possibly is going to purge Russians, off of international commerce. The solution for those banned from using foreign currencies obviously is crypto, which is very hard (although not impossible) to be banned and to block someone off of trade.
But crypto can't be controlled. The dilemma arises from, are you willing to help finance a government or policies you don't agree with? Because even if you don't send cryptocurrencies and don't personally trade with a government you disapprove, just by using and holding you already contribute to the legitimacy of the currency and the valuation of it.
What would be the non-hypocritical thing to do? Unban the banned governments from the swift, or try (probably to no avail) to block them from crypto? Or maybe neither, maybe something completely different?