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This is an example of a real, yet illegal use of cryptocurrency (in the sense that it is used to circumvent the local laws). Also said cryptocurrency has to rem
by Valgrim 3y ago
This is an example of a real, yet illegal use of cryptocurrency (in the sense that it is used to circumvent the local laws). Also said cryptocurrency has to remain hidden like a treasure in a chest inside a secret cave, or it can be seized, and if the owner does not comply with the seizure, he can be jailed.
- whimsicalism 3y agoYes, illegal with respect to the laws of the country, but there are many countries where most economic activity is underground/casual, not tracked by the state/outside of capital controls, and crypto is absolutely muscling into those spaces because it allows for complex financial infrastructure & also much better security compared to holding it.