So I live in the U.S and I have family in Korea. Obviously there is a great opportunity for arbitrage but was wondering if there were any downsides to it. I would buy bch/btc/eth here then send it to my cousin in Korea and she sells right away for 50-60 percent more. Is there anything wrong with this plan??
I think there's nothing wrong with that. arbit actually buys somewhere cheap and sells it elsewhere for a higher price. with today's universal internet technology will make it easier for users to trade. currently limiting bitcoin trading is a regulation of each country allowing or not to trade bitcoin. if in my opinion it also can still be used as long as exchange and link is still open. of course by trading clandestinely. in principle it depends on you, whether you will comply with the regulations in your country or you will violate it. but I think it's okay to do that, it's all depend on you.