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In my experience, it's typically been the opposite. Countries with harsher capital controls / make it harder to use Bitcoin, attract a premium in the purchase /
by jimmydorry 5y ago
In my experience, it's typically been the opposite. Countries with harsher capital controls / make it harder to use Bitcoin, attract a premium in the purchase / sale of Bitcoin.
South Africa for example has very strict capital controls, hence the price to buy or sell Bitcoin is higher than elsewhere. The catch is that you can't easily move fiat out of the South African economy, which makes abritrage, to take advantage of this imbalance, impossible.
- sbierwagen 5y agoThe UK does not have South African capital controls. Unless it's for proceeds of criminal activities, in which case you don't really want to enter every transaction in a global immutable ledger!