i've thought about such a law as well, but i think in the end, they would just proxy the purchase through residents (relatives, friends, etc.) or businesses in

i've thought about such a law as well, but i think in the end, they would just proxy the purchase through residents (relatives, friends, etc.) or businesses in which they own a stake. it's extremely hard to get the desired effect of capital controls without failing completely, or unintended consequences. look at china.