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A comment on Binance US No Longer Allows USD Withdrawal for Users. Parent comment

Re:Binance US No Longer Allows USD Withdrawal for Users by Aurornis on Wednesday October 18, 2023 @12:25PM (#37931001)
> If you think that's a crime you are delusional about the uses of money.

If it wasn't a crime, why do you have to use cryptocurrency for it?

Or is your definition of "crime" more abstract, not a literal interpretation of the law?

[ Parent | on HN ]
Re:Binance US No Longer Allows USD Withdrawal for Users by vaxintar on Wednesday October 18, 2023 @12:39PM (#37931175)
Because to hand over the money I'd need to travel 1000 KMs [1].

And if you want to know "why you don't simply transfer through a bank?" I encourge you to read the Corralito wiki.

Just before the Corralito ended, there was an asymmetric pesification of bank deposits, which meant that if you had 100k USD in your account on Monday, by Friday you had 100k ARS at 4 ARS = 1 USD, leaving you with 25K USD.

This event left a general feeling of discomfort regarding leaving real money (in terms of storage of value) in the bank.

1. https://www.google.com/maps/dir/Viedma,+R%C3%ADo+Negro+Provi...

[ Parent | on HN ]