> No identification is required when exchanging peer to peer, and it's not illegal People have been prosecuted for the crime of exchanging bitcoin for dollars

> No identification is required when exchanging peer to peer, and it's not illegal People have been prosecuted for the crime of exchanging bitcoin for dollars in person-to-person meetings. It's probably not illegal to do it once for a small amount for a friend, but it absolutely is illegal in the US to do it regularly or for many people or for large amounts.