Post
Topic
Board Legal
Re: Bitcoin and ID
by
palle11
on 22/05/2018, 10:01:09 UTC
Many Bank only allow +18 users to use money services is right for you?

so if this right bitcoin not need ID so under 18 years can use it

The reason that certain amount of cash is restricted or questionable when a minor is having it is to prevent them from going into illicit dealings like drugs, buying of guns etc so that they can be observed. But bitcoin has no boundaries, no limitations as to age and otherwise.

If you have large amount of bitcoin, you can play around with it, transacting, transferring to exchanges but once converted to fiat, eyes will be on the inflow and outflow because of certain restrictions as I said earlier, either because of age, cash transaction limiit etc.