Paraguay Freezes millions of bank Accounts(www.washingtonpost.com)
8 pointsby nephihaha6 hours ago1 comment
  • rvz5 hours ago
    Can't do that with a crypto wallet.
    • gnabgib5 hours ago
      Unless you're Binance (most recently)
      • rvz5 hours ago
        That is a cryptocurreny exchange. Not a self-custody crypto wallet.

        The crickets here goes to show that if millions of peoples bank accounts (or business accounts) could not withdraw their money in the US, well it will be a massive problem.

        The last time that a major event like this happened was SVB, and First Republic Bank all failed and people could not withdraw their money.

        But of course in this case (Paraguay) no-one cares.

        • cowlevelan hour ago
          In practice, an exchange account is the most convenient type of wallet, so that is what people will use. You don't get to pretend the ecosystem isn't what it is, and then make sanctimonious statements. Supporters of the Paraguay banking system could just as easily claim these bank accounts weren't really bank accounts.
    • bediger4000an hour ago
      crypto is for criming.