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by cherryteastain
394 days ago
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Kleptocrats, dictators and warmongers have been around for way longer than crypto. If sanctions worked, the likes of Kim family or Iran's ayatollahs would have fallen in the 90s or 2000s. Crypto allows my family members to bypass arbitrary restrictions set by one such kleptocrat right now so the benefit is very much more than marginal. |
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By sending your family money, as crypto or US dollars, you have to assume some percentage of that money is going to end up in the kleptocrat's pocket. If the funds are eventually settled through official exchanges in the country, its very likely that the government gets a cut of the exchange transactions. If its being settled by unofficial exchanges like street exchange vendors, those individuals probably pay some bribe or tax to operate that eventually makes its way back to the kleptocrat. Additionally you are offering the kleptocrat increased liquidity by operating with crypto. Assume the kleptocrat is the largest buyer of cryptocurrencies in their country.