The government of Bolivia just rugged everyone holding dollars in their bank accounts, and instead is telling people they will get the commensurate amount in the local currency, bolivianos - which is redeemable back to USD for 50% less. This is why Latin America needs crypto. image

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They need just Bitcoin and USD stablecoins. The last what they need is rest of “crypto”
I read this and have the urge to max my credit card. I also live in a tin point dictatorship third world country 🇬🇧
DasFrettchen's avatar
DasFrettchen 9 months ago
Same playbook as usual, argentina did the same, Cyprus, Lebanon the rest