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"Laundering" their BTC seems like a pretty easy arbitrage opportunity: you can sell stuff to Russians for BTC and then convert your BTC to dollars, in both cas
by wutbrodo 9y ago
"Laundering" their BTC seems like a pretty easy arbitrage opportunity: you can sell stuff to Russians for BTC and then convert your BTC to dollars, in both cases avoiding the conventional fund transfer systems that the US gov't exerts control over.
I might be misunderstanding something about how this works though.
- bufferoverflow 9y ago1) You didn't explain where the dollars come from, while the country is under sanctions. And my billion dollars example was just an example, Russia needs hundreds of billions. 2) What do you mean by "sell stuff to Russians for BTC"? Did you mean buy stuff with BTC? What stuff is that?