Whether it is for enabling donations to Ukrainians (for arms or humanitarian needs) or for Russians evading Putin's FX transfer bans or escaping western sanctions, both sides appear to see the benefits.

Crypto interest in Russia on the rise; and Google searches do show an uptick in interest in Binance, the world's largest cryptocurrency exchange, from Russia and, to a lesser extent, from Ukraine.

At this stage 11% of Russians already own crypto; so there is some familiarly with it.

The recent decoupling of bitcoin from tech stocks shows the regime change in demand from some external factor...