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41 sats \ 5 replies \ @leo OP 5 Jul \ parent \ on: 18 months ago nobody took sats in Vancouver. Now there are recommendations bitcoin
There are indeed a few persian and chinese money changers in the city that will cheaply swap Bitcoin to cash. I do suspect most of their volume is in tether though
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0 sats \ 4 replies \ @Satosora 5 Jul
I see. They are using tether to get their ill gotten gains out of china?
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20 sats \ 3 replies \ @leo OP 6 Jul
Hard to tell. Maybe they're sending money back to their families, too?
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0 sats \ 2 replies \ @Satosora 6 Jul
I thought it was supposed to be hard to move money out of china. Not impossible, but strongly discouraged.
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20 sats \ 1 reply \ @leo OP 6 Jul
And sometimes it's hard to move money into China. There are many ways though, Tether is relatively popular but so are insurance schemes and shadow banks
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0 sats \ 0 replies \ @Satosora 6 Jul
What are insurance schemes and shadow banks? I always heard it is easy to move money into china, just hard to move it out.
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