A new report from the Bank for International Settlements (BIS) reveals that capital flow management measures designed to limit cryptocurrency transactions are largely ineffective. The study, titled ‘DeFiying Gravity?’, highlights how these restrictions have a negligible impact on crypto trading across borders and have even led to increased activity in some areas. The analysis, which looked at Bitcoin, Ether, Tether, and USD Coin, found that while capital flow controls were intended to curb transactions, they often lead to higher trading volumes instead. 💰 This increase in trading volume is fueled by cryptocurrency’s growing popularity as a medium for cross-border payments. 🌎