September 14, 2026
The Capital Control Problem: Stablecoins, Crypto and the End of the Old Monetary Perimeter
Capital controls once worked by concentrating enforcement at banks and foreign-exchange gateways. Stablecoins, Bitcoin and privacy-focused cryptocurrencies multiply the routes money can take, shifting control toward issuers, exchanges, analytics and network edges. From Argentina and Nigeria to Russia and Iran, the monetary…
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