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you'd first need to convert your Francs into x-coin. Francs -> USD -> x-coin
by dsp1234 9y ago
you'd first need to convert your Francs into x-coin.
Francs -> USD -> x-coin
- vkou 9y agoIf exchanges followed KYC, which they eventually will, then this would also not work. If you had to prove you are an American to use the USD -> x-coin pipeline, then good luck turning your Francs into x-coin. But maybe Zimbabwean exchanges don't follow KYC. That's great for you, but going Franc -> ZD -> x-coin exposes you to a lot of other problems.
- AndrewKemendo 9y agoNot a solution. You're just moving things around - and it looks even worse because now you're structuring or laundering.
- stale2002 9y agoAre you arguing that it would be illegal for french people to buy x-coin at ALL? Thats completely different from "conversion" bans that you were talking about before. Sure, you can ban the use of all tokens, but a conversion ban between 1 currency and another makes no sense.
- AndrewKemendo 9y agoMakes perfect sense and has been traditionally the way nations control political revolutions. https://en.wikipedia.org/wiki/Foreign_exchange_controls https://en.wikipedia.org/wiki/Foreign_exchange_controls the Greenback<>Greyback exchange situation during the civil war was also an interesting example of this. I think anyone doing anything in cryptocoins needs a serious lesson in monetary history and policy.