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Of course. The important thing here is that the receive-only scheme provides a way around two of the six points mentioned by dreen above: selling goods/service
by clarkmoody 13y ago
Of course.
The important thing here is that the receive-only scheme provides a way around two of the six points mentioned by dreen above: selling goods/services for Bitcoin and receiving Bitcoin from anyone outside the country.
Actually, from that list it looks like running a node and mining would not be illegal. And if you're mining with a pool, make sure the payout is added as part of the generation transaction, not sent as another transaction later.
- Nursie 13y agoActually this brings up a very interesting question I hadn't even considered before: In terms of bitcoin crossing borders and for the purposes of international commerce - where is a bitcoin? If someone in the US pays someone in thailand you would (or I would) immediately think a cross border transaction has taken place. But Bitcoins only really exist on the blockchain, right? You don't somehow store them on your own machine, only the means of accessing them (keys in your wallet). And the block chain is everywhere. A transaction is a mathematical change of ownership from one key to another, a wallet merely a collection of keys and previous transaction records (the latter probably able to be rebuilt from the blockchain anyway)... So did any bitcoin cross a border?
- dreen 13y agoI think this is grey area and I have personally used bitcoin mostly for bypassing international transfer fees.