Post
Topic
Board Bitcoin Discussion
Re: Using bitcoin for transactions in country where it is illegal.
by
Wind_FURY
on 01/10/2024, 09:11:01 UTC

It will not be advisable to make transactions in bitcoin within a country where cryptocurrency transactions are illegal by the law. But Imagine this scenario that someone has been using their bitcoins for transaction secretly successfully, and then one day decides to use the bitcoin that they have to make payment for something like a property to the owner of the property, If there is this kind of problem for instance where the owner of the property decides to claim that they did not receive any money in bitcoin, and the case is taken to a law court, what do you think the outcome of the case will be?

If proofs of payment are provided but in cryptocurrency, do you think the court will consider it even though transactions are tagged illegal with it? or will the case be thrown out and the owner of the property with the false claim of not receiving the money be allowed to go freely?


NEVER, if it's illegal WRITTEN under law, use Bitcoin to purchase something, like property, or any other purchase if the proof of your identity and/or proof of payment is required/will be required.

BUT, as a censorship-resistant currency, no one can stop you as a user from participating in the Dark Markets, or from purchasing small items directly from your other Bitcoin peers. What would have been impossible to do in the world of centralized, institution-controlled payment systems is now possible through a decentralized cryptocurrency.