Spent the last week on a question that looked like a paradox: why does a country with the world's best payment rail hold two-thirds of its crypto volume in USDT? Turns out the best evidence isn't adoption data. It's the central bank. Res. 521 reclassified stablecoins as FX. IOF tax on the table. Res. 561 from Oct 1 cuts them out of eFX settlement. You don't build three rules around an experiment. My piece for @oobit 👇
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