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Comment by martinko | Hacker News Reader

Have you considered being paid in, for example, USDC? You could then get a visa card that you could top up with it for spending.

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I've been a big crypto sceptic for a long time, but with the current situation I had to deposit a lot of money to Binance, because Russian banks/government has stopped allowing people to withdraw USD from ATMs, forbidden transfers to other countries (only $5k/m to relatives), forbidden to cross borders with more than $10k (not they are possible to cross at all now).

Don't want to come of as a crypto shill, but check out the crypto.com card. It could be pretty useful for you (if they give you one, not sure about the whole sanctions situation). I have been using it for daily payments for over a year and I'm pretty happy with my experience.

If you don't own the private key, you are not really ahead. Money of Russian people on crypto exchanges will be frozen.

Buy a Trezor, it can save your financial life.

Even better: switch addresses every 2-5 transactions (max). This is might be costly buy this way you are harder to track.

Sounds like you need to get more educated on how to best use these assets. You’re not safe yet.

If you do get closer to what the person you responded to said:

A) USDC can freeze individual addresses. So can USDT. Alternative stablecoins like DAI and MIM cannot.

B) Opening the visa card will have the same consternation as any bank. You’ll need to start transacting more in the stablecoin, until banking partners are found.

I would not put all eggs in one basket, keep safe part of your assets to a safe private digital asset as XMR (Monero).

Yes hedge your bets/not all in one basket.

It's for instance possible various cryptos may get restrictions placed on them somehow to assist with the sanctions.

They can get restrictions only centralized exchanges.

This is a good idea. The only issue will be if any of the offramps start banning Russian citizens as well.

Luckily I haven’t heard of a country seriously considering that and I’m not sure what goal that would achieve. It sounds like a win/win to help people leave who want to.

A) USDC can freeze individual addresses. So can USDT. Alternative stablecoins like DAI and MIM cannot.

B) Opening the visa card will have the same consternation as any bank. You’ll need to start transacting more in the stablecoin, until banking partners are found.

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