Post
Topic
Board Legal
Re: Transfer of bitcoins, sold as a "service"
by
magneto
on 05/03/2019, 19:32:42 UTC
Say there is a service of acquiring goods (you pay the service provider a fee, and in return the service provider locates and acquires a 'legal' product for you. eg no drugs, counterfeit products, fraudulent products etc), bitcoin being one of these good - Would it be legal to provide you, the user, with the located bitcoin as a result of the service you paid for?

To clarify, the service charges you say, $100 USD, to locate a product, in this case its .002BTC that you're looking for.  You technically paid for the service and not an actual purchase of bitcoin, is the service provider then allowed to transfer you the located product?

Is the purchase of bitcoins banned or restricted in your country?

If yes, then I doubt that this argument of "locating goods" will stand up if you ever were to get caught (very unlikely given the non-enforceability of some of these restrictions on bitcoin), because after all, your intent was always to purchase bitcoin, and not to "locate the bitcoin" at some place, if you get what I mean.

However, if we are talking about purchasing goods alone as a service which is actually quite widespread, then I don't see any problems.

At the end of the day, it definitely depends on the legislation in your country and what they say about bitcoin purchase. If it's legal to hold and buy I don't see a reason why you need to go so elaborately just to get your hands on BTC - just trade p2p.