[helsinkiandrew]

Unfortunately to governments and law enforcements that looks identical to organised crime and terrorists sending money.

All three of those countries have restrictions/regulations on converting crypto currencies into local currencies - doesn't crypto just move the the problem to converting it to local currency?

[cherryteastain]

When it comes to receiving USD, EUR etc these countries do not tend to have restrictions, as the point of forex restrictions is to keep capital in the country. Hence, these countries are usually quite lax about KYC/AML stuff because they want hard currency inflows, wherever it's sourced from. The utility of crypto comes in when

1. You want to convert the "hard" currency into the local currency

2. You want to convert the local currency back to the hard currency

3. You want to send hard currency back

Often there are official rates set by the central bank in these countries, and then there are black market rates. Banks etc will convert hard currency to local currency only using the official rates, which tends to be a lot lower than the black market rate, so you get shafted by that in the first instance. Then, when you want to convert the local currency back, banks won't sell it to you because the government does not let them sell hard currency to the general population. Finally, sending hard currency abroad is usually de facto (and sometimes also de jure) banned so your money can't leave the country once it's in. And as a last resort if you say screw you I will withdraw e.g. USD notes and take a flight, banks will refuse to give cash hard currency.

Obviously crypto lets you sidestep all that as nothing can prevent you from sending USDT from your wallet.