I think that's only the start. Ukraine - Russia sanctions are way scarier.
Avoid sanctions means nato states hammer Bitcoin as a security thread to 0.
Not by banking, making it impossible to trade it against fiat.
And this means crypto is like a game token.
But wait, it cost too much to run, special POW.
And as you can see local they can block wallets, but that means nothing.
Blacklist people for cashouts step 1.
Ultra heavy KYC step 2.
Step 3, make it illegal and exclude exchanges from swift + massive sanctions against exchanges.
Bitcoin maxis think it's unstoppable. Reality is very different.
yeah definitely some challenges to over come..