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If an exchange is in a different country then how can it be illegal? The only law that affects me is both the law of the country the exchange is located and th
by josephagoss 14y ago
If an exchange is in a different country then how can it be illegal?
The only law that affects me is both the law of the country the exchange is located and the law of my country.
Being as the exchange I use is based in Hong Kong and my country is Australia, USA laws do not apply to me.
I understand that the USA law will apply to the majority of BTC users however, because most of the exchanges and developers are all USA based, unfortunately.
Also I believe that Bitcoin-Central is licensed to operate in the European union.
- thinkcomp 14y agoSorry, I was thinking of U.S. exchanges. You're correct that international ones are outside of the scope of U.S. law--though interestingly, California does take the view that the MTA can police other states.