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RE: Is trading on LocalBitcoins Illegal? What is Legal trading?

in #bitcoin7 years ago

I tend to agree, everything we do is confusing when it comes to legal or otherwise. It's painful and worrisome to find out that an act is illegal when you read that someone was charged and convicted. It's as if we have to collect all these cases and read them and deduct what is legal and what is not. I did not find it weird when people who were involved in drug trafficking were convicted, but it's not the same when it comes to trading. The government needs to present laws that clearly define this, not use laws written in 1960 to prosecute cases involving Bitcoin. Until then we try in good faith to practice what we think is legal based on outdated laws.

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