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Yes, what you call hypothetical situation is my daily life. The country where I live, Argentina, frequently imposes heavy restrictions on buying and selling for
by tomfern 6y ago
Yes, what you call hypothetical situation is my daily life. The country where I live, Argentina, frequently imposes heavy restrictions on buying and selling foreign currencies. There is a hard monthly limit of $200 per person per month and there are talks of reducing the limit even further.
Sometimes crypto is the only way of sending/receiving money from other countries reliably and cheaply.
Other countries are much worse, Venezuela for instance has destroyed the value of their money, so bad that people use it wallpaper.