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

in #bitcoin7 years ago

This is a well documented phenomenon known as overcriminalization. I will not attempt to summarize it here, but there are abundant examples readily available by searching online, or even just randomly opening a major state's code books (the United States Code being a fairly canonical example) and thinking about whether the contents are a sane way to run a society or not. You might also find the book Three Felonies a Day instructive, which was written by a lawyer who became concerned at the 'crimes' and convictions he began to see in his daily work. I have not personally read this book, though, and know it only by reputation.

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