| ▲ | BillyTheKing 17 hours ago |
| absolutely not true btw - the largest use-case for stable-coins atm are people evading capital controls in emerging markets, including China, India, Nigeria, and similar, and in many latin American countries. |
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| ▲ | throwaway290 16 hours ago | parent [-] |
| The stuff about Russia is true and is actually letter of the law Also read how much NK gets from ransomware. Their nuclear program basically runs on crypto. I never denied that regular people benefit in a small way, but the amount is incomparable and hey, they also don't need tumblers. |
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| ▲ | robocat 16 hours ago | parent [-] | | > hey, they also don't need tumblers Yes they do need tumblers. Otherwise when they spend their undeclared crypto it is likely to be tracked by the government. | | |
| ▲ | throwaway290 15 hours ago | parent [-] | | Where do they need tumblers for personal non industrial scale operations? I know ppl in South America who use crypto to save on dollar conversion fees when sending money abroad to family. No washing needed. Where on the planet an oppressive gov somehow has the resources to track insignificant personal crypto amounts from ordinary people instead of just banning crypto? Check if crypto fuels this oppression machine in much larger amounts in the first place? |
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