4 ms·

You’ve literally just described getting around capital controls.

• latchkey 1y ago
  In some countries, there is nothing to get around.
  • tw04 1y ago
    I guess citation? Provide a list of countries that don’t have any control over their own currency? Because unless they don’t control their own currency, it’s impossible to not have capital controls in place. That’s a basic function of every sovereign nation.
    • latchkey 1y ago
      Anywhere people are unbanked. If you're not part of the system, then there is no system to get around. Nomads are often unbanked too. When I was living in Vietnam for years, I was certainly under US laws and I obviously have to pay my taxes and follow Vietnam laws. But, as a foreigner (especially one who doesn't speak the language), I'm still quite outside of the system there. If you've ever been a nomad, you'll understand that difference.
      • TeaBrain 1y ago
        You aren't describing a situation where there is a lack of capital controls.