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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 vaxintar on Wednesday October 18, 2023 @03:06PM (#37933234)
What I can't afford is to deal with a regressive tax legislation [], while trying to get US currency in the black market [2] to save and pay for imported goods and without a line of credit because the rate is ~190% and inflation ~130% [3].

I do pay my taxes, also think high worth individuals should be subject of taxation, but your rigid framework leaves out many people that use crypto as their only way to get paid and/or save money because traditional banking system is broken in their countries.

1.

2. https://brazilian.report/liveblog/latam/2023/10/10/dollar-10...

3. https://www.bloomberg.com/news/articles/2023-10-12/argentina...

[ Parent | on HN ]
Re:Binance US No Longer Allows USD Withdrawal for Users by Arainach on Wednesday October 18, 2023 @03:15PM (#37933373)
"amassing currency to purchase imported goods without a line of credit" is not a human right.

I'm sad that tariffs mean I can't bring in dirt cheap liquor from the Caribbean to sell for massive profits but that's not an excuse to not pay my taxes.

[ Parent | on HN ]
Re:Binance US No Longer Allows USD Withdrawal for Users by vaxintar on Wednesday October 18, 2023 @03:49PM (#37933849)
I disagree, it is if you need the goods to buy supplies for you to work.

If I need syringes to work, national syringes costs 3 usd a pack (and they are out of stock) and I can get the same pack for 85 cents in Chile, I'll exchange pesos crocante for dolar blue, cross the border to Chile and get them there.

I wouldn't call it human right, but the idea of amass currency to buy goods seems pretty essential for our modern life.

Although it's sad that tariffs make selling cheap liquor unprofitable in your country, I think we're thinking about different scales of income.

[ Parent | on HN ]