Capital Controls – DIGIT INFO

Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’: Report

DIGIT — Fri, 30 Sep 2022 09:00:24 +0000

According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s “retail market and outsized usage of P2P platforms make it unique compared to other regions.” Sub-Saharan Africa’s […]

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Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor

DIGIT — Fri, 26 Aug 2022 07:00:05 +0000

No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend — putting legal limits on cash transactions, the emergence of surveillance-oriented, central bank digital currencies (CBDCs), and more recently, crypto mixing platform Tornado Cash being sanctioned by the United States Treasury. There is a new wave of propaganda increasingly demonizing […]

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Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

DIGIT — Tue, 15 Dec 2020 10:00:10 +0000

Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai, and dogecoin had significant volumes in the […]

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China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls

DIGIT — Sat, 13 Jun 2020 14:10:17 +0000

A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out of control by using these dollar-pegged blockchain tokens. Last week on June 9, […]

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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls

DIGIT — Thu, 27 Feb 2020 08:22:18 +0000

Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for […]

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Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases

DIGIT — Fri, 27 Dec 2019 08:48:35 +0000

Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German […]

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Argentina’s Example Shows That You Don’t Own Your Money

DIGIT — Wed, 30 Oct 2019 14:40:29 +0000

Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank account […]

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Protesters Wield Tools of Freedom as Hong Kong Imposes Dictatorship

DIGIT — Sat, 05 Oct 2019 15:16:13 +0000

Four months of protests continue in Hong Kong as the world is witnessing the biggest uprising of political dissent in the territory since the 1997 ‘handover’ from Britain to China. Protesters have recently embraced wearing Guy Fawkes masks but on October 3, Hong Kong’s current Chief Executive, Carrie Lam, implemented colonial-era emergency powers banning the […]

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Capital Controls in Argentina Demonstrate Dangers of Government-Controlled Money

DIGIT — Thu, 05 Sep 2019 21:00:27 +0000

The current financial system, with governments and central banks controlling the flow of money, creates impediments for people’s economic freedom. Among them is the danger that the ruling class will try to hide its mismanagement of the country’s affairs by preventing people from voting with their wallets and trying to secure their savings on safer […]

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Government of Iran Bans Foreign Fiat Currency Exchanges

DIGIT — Mon, 16 Apr 2018 17:10:22 +0000

It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin […]

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