Crypto transactions are emerging as a substitute for remittances, especially in corridors with high costs or slow processing times.
"signs that crypto transactions emerge as a substitute for remittance payments Country corridors characterized by high remittance costs or slow processing exhibit larger crypto asset flows"
Expect to see more invasive measures from governments to regulate crypto, with penalties like fines for unreported transactions.
"Any unreported transactions will be liable for a £300 fine So keep your eyes peeled for invasive measures like these coming to a jurisdiction near you"