So you are saying that there are countries where USDC is legal while opening a foreign brokerage account like IBKR and converting your currency to USD is illegal? And this is not just a perceived loophole? Could you give an example of a country like this so I could google?
Important question is that what would happen if someone started asking pointed questions? About why do you transact in this and doesn't it go against laws. Would the stance actually hold...
Yeah, how is this different than black market trading (which happened a lot in ex-communist countries including mine, but the currency traded was usually German mark).
