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It's getting increasingly easier to buy assets like real estate with stablecoins. Barring further regulations I think the peak financial repression era has alr
by nootropicat 5y ago
It's getting increasingly easier to buy assets like real estate with stablecoins.
Barring further regulations I think the peak financial repression era has already passed. The worst time was probably 2018 - local peak in crypto interest bringing in heat, but no dexes with any liquidity. Since then it's only getting better - now anyone can hold millions of dollars anonymously and transfer them to anyone in the world, dexes are so liquid there are no reasons to use spot cexes except to cash out, several debit card solutions that can be loaded with crypto and stablecoins. Laundering money from crypto is the easiest it was since probably 2013 when no one cared at all - manufacture fake profits on tokens/nft held in clean wallets.
Without new laws, the situation is only getting better. Exchanges already demand very heavy kyc/aml, so the only thing that would reverse the trend would be making anonymous defi a crime for the users. I think it's unlikely at this point.