[Danidada]

it's pretty much the same. Black market and crypto market are arbitraged between them so the price of one isn't too different from the other

[thebean11]

That doesn't make sense. The black market (being illegal) would have significantly higher risks and transaction costs, so even with arbitrage the prices could still be significantly different.

[unityByFreedom]

Ok but without crypto would black market rates rise? I gather that was the point.

[Danidada]

Oh that's a different question IMO. Crypto is making it easier to bring dollars from abroad so I get it does lower the black market cash dollar's prices in that sense. Big international crypto exchanges like binance aren't yet regulated here so technically the crypto world IS part of the black market anyway