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Is it illegal to buy Bitcoin? – CRYPT TREND


One of the doubts that persist in those new users of the crypto world is whether what they are doing is legal. Well, there is a bad image that BTC and cryptocurrencies are illegal. Since it is not controlled by any State, country, political entity or bank. Therefore, the question that sought to be answered in this presentation was the following: Is it legal to buy Bitcoin?

In the framework of the Cripto Latin Fest, relevant speakers from the Latin American crypto world met to discuss in the panel the biggest unknown that persists among crypto users. However, the speakers clarified the situation by explaining what the common mistake is when discussing this.

And this focuses on the fact that Bitcoin is not illegal at all. What happens is that it is not fully regulated, and there is still a lot of ignorance about BTC on the part of the collective and society.

If I buy Bitcoin am I committing a crime?

They explained that you have to have two clear concepts when trying to answer this question. Well, one thing is the legitimacy of Bitcoin, and another thing is its legality.

Now, understanding that legality is when the actions to be taken are carried out within the context where the laws are not being violated. It can be concluded that it is not illegal to buy Bitcoins.

Since there is no law, or international standard that dictates that the purchase of the cryptocurrency is illegal.

, Is it illegal to buy Bitcoin? – CRYPT TREND, Forex-News, Forex-News
The speakers at the Crypto Latin Fest discussed whether Bitcoin is illegal, since there is a bad opinion that cryptocurrencies are illegal due to their use by organized crime.

Countries with economic powers, where they consider that cryptocurrencies are part of the future of world finance. There are no such regulatory frameworks as they do not consider Bitcoin to be illegal.

If not, they focus on promoting the use of Blockchain technologies so that society becomes familiar with these crypto technologies that will be a fundamental part of the future of the global economy.

Does Bitcoin encourage organized crime?

The speakers vigorously debated this sensitive issue for all BTC users, who also support the benefits and potential of cryptocurrencies.

Well, it has been difficult to deal with the negative actions of third parties that do not take advantage of these technologies as they really should, if not that they damage their image in society.

The speakers defended cryptocurrencies and Bitcoin, explaining that a technological advance of such magnitude cannot be dismissed because a group misuses it. Since, in the main ideas when creating the Bitcoin and Blockchain technologies, this malicious use was clearly not planned, much less devised.

Well, Bitcoin is a tool that promises great advances in the future. However, this misconception that it is dangerous and illegal emanates from bad rumors and tabloid news.

Where malicious people use Bitcoin as a tool for their crimes, but not because these people without any morals carry out these illicit acts, it means that Bitcoin is and should be illegal.

On the contrary, Bitcoin and cryptocurrencies will be the future of the global economy and finance.

Do you think that Bitcoin should be regulated to control its use in organized crime?

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