Binance founder 'CZ' leaves prison on Friday–along with his $60B fortune

Re:Binance founder 'CZ' leaves prison on Friday–along with h... by diego_sandoval on Friday September 27, 2024 @12:32PM (#41672581)

Just some examples:

https://en.wikipedia.org/wiki/Corralito

https://en.wikipedia.org/wiki/Argentine_currency_controls_(2...

https://www.statista.com/statistics/316750/inflation-rate-in...

https://hongkongfp.com/2023/12/15/hong-kong-govt-amends-nati...

https://www.ibanet.org/article/5584f623-6456-4287-8c34-1907b...

https://edition.cnn.com/2022/02/20/americas/canada-trucker-p...

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Re:Binance founder 'CZ' leaves prison on Friday–along with h... by llamaimperative on Friday September 27, 2024 @02:27PM (#41674001)

How are these solved by cryptocurrencies?

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Re:Binance founder 'CZ' leaves prison on Friday–along with h... by alfredol on Friday September 27, 2024 @01:08PM (#41673038)

In the case of Argentina, in most cases people have turned to the much safer USD.

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Re:Binance founder 'CZ' leaves prison on Friday–along with h... by diego_sandoval on Friday September 27, 2024 @04:08PM (#41675039)

Only when and where they've been allowed to.

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Re:Binance founder 'CZ' leaves prison on Friday–along with h... by LegionMammal978 on Friday September 27, 2024 @07:29PM (#41676543)

How would they be allowed to switch to BTC (or another decentralized cryptocurrency) at a greater rate than they're currently allowed to switch to USD? I'd imagine it wouldn't be much harder to crack down on one than the other, given that the USD is also predominantly a digital currency.

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