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by quonn 1306 days ago
People commonly use Dollars and Euros in those countries to store their cash. I have seen this first hand, especially in South America and there are advertisements for that everywhere. Where that is illegal, crypto is/can be also illegal.
2 comments

My country currently charges me 1%/mo for every USD/EUR account, there is no cash in ATMs for months and no way to take more than a vacation penny with you when you leave.

Where that is illegal, crypto is/can be also illegal

There’s a big difference between illegal and physically seizable.

Paper bills are scarce and pack a premium in these places. Meanwhile someone could learn marketable skills over the internet and receive digital currency. You can argue stables are better but those aren't trustworthy.