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> Argentinians do that coz Argentinian banks cannot be trusted

Incorrect. Argentinians do that because taxes are incredibly high, and if you earn in USD you must sell it at the official dollar rate (less than half of the real rate), and you can't even buy the dollars you sold back because there's a cap on how much USD you can buy per month (I think it's 200USD). Argentinian devs LOVE crypto because they love evading taxes (justifiably or not)

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What you've described is less of a "tax" and more of a financial enema.

I agree with you, but I feel it's unfair for the other 99% of the country to be subject to it.

Yes complicity with theft makes one untrustworthy.

Describing it as mere tax evasion interests is a bit of a simplification. During Corralito accounts were frozen to the point they could often barely be drawn on. Whether you want to blame that on the bank or not, the end result is people end up not trusting the banks...

People don't trust the banks, that is correct, but the reality is that nobody buys crypto for that reason --- they buy it because the peso is a volatile currency and to avoid taxes.

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