It is not legal to hold USD in my country, Myanmar.
In ATM, VISA or Myanmar Payment Union Card of my country, we can transfer or buy with USD the products from Other countries. But, we can't receive USD from foreign countries by using this cards.
We can send and receive USDT, the stable coin, by using Exchange Wallet on Mobile phone. That is very good for me who want to earn Online money.
Thank for sharing!
Posted Using LeoFinance Beta
that's very cool, here you can have a forex account attached to your bank account but not many people have it. You can have paypal but you're not allowed to keep the money in there for longer than 60 days, they want to force most people back into local currency if possible.
You can buy physical dollars also and keep it with you but you cannot buy with it, no foreign currencies are really accepted by merchants here.
Now imagine if there were a few hundred different "stablecoins" tied to many different assets classes.
You could easily bypass that regulation from your government.
Posted Using LeoFinance Beta
Yes, I use to pass Rule and Regulation of my Government by using Help of my believed friends.
Posted Using LeoFinance Beta