Post
Topic
Board Bitcoin Discussion
Re: Illegal mass adoption
by
bitbunnny
on 23/07/2020, 19:46:23 UTC
To be honest, this is the first time I've heard about illegal Bitcoin ATMs.

this is not the first time to be honest with you. there has been multiple other cases. it seems like some people think just because bitcoin is decentralized and doesn't need any license to be used, they can also run a bitcoin ATM without any license or stuff like that.
here is a case from 2018 in India as an example:
https://www.news18.com/news/india/indias-first-bitcoin-atm-seized-owner-arrested-for-illegal-kiosk-1918235.html

For me this is also something I hear of for the first time but I can't say I'm surprised. You're right, just because Bitcoin is decentralized and independent many think that everything is allowed and that Bitcoin are its related services are out of any kind of law and regulation. Of.course that it's not true but some people ignore it and that is why Bitcoin is often involved in different illegal or half illegal activities.