It is not a currency. It is an asset according the IRS.
You can block financial institutions from dealing with Russian nationals trading in it. The major crypto institutions require a full identification for the electronic wallet and bank account numbers.
The dream of a libertarian reality or release is going up in smoke. Crypto is not that. s
If I take a dollar bill and travel anywhere in the world it kind of makes the USD decentralized…if I wish hard enough…