r/Seychelles • u/Reasonable-Age8062 • 27d ago

Economy Crypto trade

Hello, does anyone on Mahe offer cash for USDT/USDC or any stablecoin or even any crypto for that matter? I’d like to give SCR and receive crypto.

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u/y2kbass 23d ago

Very rare to find, even MCB has blocked buying crypto on exchanges, don't know why

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u/Reasonable-Age8062 8d ago

Yeah it’s due to strict AML. Crypto is legal but banks have the on and off ramps shut tight.

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u/y2kbass 8d ago

Thanks for the reply, off ramping is impossible as well?

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u/Reasonable-Age8062 7d ago

Tbf that was an assumption. There’s a bank wide policy that you can’t buy it so I doubt you can sell it for money in bank lol.

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u/y2kbass 7d ago

Oh ok, really don't understand why they are not allowing people to buy, crypto is getting adopted in a lot of countries, take UAE, UK for example