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It's useful for moving money from countries with capital restrictions into USA dollars. I know a few people from SEA who use BTC for exactly this purpose.
by mywittyname 6y ago
It's useful for moving money from countries with capital restrictions into USA dollars. I know a few people from SEA who use BTC for exactly this purpose.
- NoOneNew 6y agoYou do understand the underlying principle as to why cross country capital transfer investigations are done... right? As a hint, look up cocaine cowboys and miami banks (particularly suntrust). While I get it's beneficial for average citizens looking to save a bit on tax/duty fees... it's a lot like wearing a condom when both of you dont care to know each other's name. You have that practice for a reason.
- Torwald 6y agoIn a country where the local regime is the party engaging in unethical, unlawful conduct, some factors change their algebraic sign.