Crypto innovation and government regulation in times of war

Governments and legislators in the EU and US have issued a number of crypto related communications during the last days and weeks. They coincide with (and sometimes react to) the war in Ukraine and the horrors that it has brought. In the most deplorable circumstances, the advantages of crypto technology could hardly be displayed in a more forceful way. For those in less stable countries, this is no news. They have known for long that there is benefit in disassociating  the value of currencies from the woes of political events on the ground. But as there are benefits, there are also risks. And the war in Ukraine has highlighted those just as well.