Since Russia invaded Ukraine, many companies, countries, and banks have taken steps to end the conflict. Financial sanctions have reduced the Russian currency to a micro fraction of what it was in the weeks leading up to the war.
Crypto exodus? Financial sources in the United Arab Emirates have reported a flood of requests to liquidate billions of dollars in cryptocurrency. Several $2B+ liquidation requests have come from Swiss brokers as Russians fear Switzerland will freeze their assets.
Major crypto exchanges such as Coinbase and Binance are collaborating with law enforcement to ensure crypto does not become a method for bypassing sanctions.
Telling it like it is - Crypto has been a lot of things in its short history. Sanction dodging real estate investments isn't even the strangest one.