@kemotep @nostupidquestions I mean developing and hosting them is illegal and that's because devs and stores are the lowest common denominator effectively limiting and disincentiving people from using them which I think is the point of a law so I think my statement is still accurate.
kemotep@mastodo.neoliber.al 4 days ago
@Reshirams_Rad_Slam @nostupidquestions
In my experience, the cryptocurrency devs and companies are arrested for money laundering, sanction violations, and tax evasion. The apps and technology themselves are not illegal per se.
Reshirams_Rad_Slam@mastodo.neoliber.al 3 days ago
dhork@lemmy.world 3 days ago
There’s nothing illegal about cryptocurrencies. It’s just random numbers and code.
However, those random numbers have actual value, and governments regulate some transactions, particularly ones that cross national borders, to make sure those transactions do not hide a crime or go to individuals who the government has put under sanctions.
Some people of a Libertarian bent get involved in Crypto to keep their governments out of their business. But those laws still apply, no matter what the medium of exchange is, or how much those people whine about those laws.