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For this to work, you still need an entity in Ukraine to accept bitcoin and owning Ukraine currency. The same thing with 3th world countries: to be able to res
by klesesio 4y ago
For this to work, you still need an entity in Ukraine to accept bitcoin and owning Ukraine currency.
The same thing with 3th world countries: to be able to rescue your money, you need to find someone who wants to take that risky currency and exchange it to crypto for you and back if you need it.
But as soon as Bitcoin/crypto is so established than there is a big chance that the country/dictator steps in and forbids it.yes that is technically possible (see great Chinese firewall)
- lfodofod 4y agoThere are multiple cash desks in Kiev processing millions worth of transactions every day. You can easily send 100k from anywhere in the world and have it cashed out within the hour. > to be able to rescue your money, you need to find someone who wants to take that risky currency and exchange it to crypto for you and back if you need it. Ukraine runs on USD, very few “serious” transactions occur in UAH. All businesses accept USD, from kiosks to restaurants to car dealerships.