Re:Rarbg Is No More
by Valgrim on Wednesday May 31, 2023 @04:27PM
(#36143864)
This is an example of a real, yet illegal use of cryptocurrency (in the sense that it is used to circumvent the local laws). Also said cryptocurrency has to remain hidden like a treasure in a chest inside a secret cave, or it can be seized, and if the owner does not comply with the seizure, he can be jailed.
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Re:Rarbg Is No More
by whimsicalism on Wednesday May 31, 2023 @06:08PM
(#36145045)
Yes, illegal with respect to the laws of the country, but there are many countries where most economic activity is underground/casual, not tracked by the state/outside of capital controls, and crypto is absolutely muscling into those spaces because it allows for complex financial infrastructure & also much better security compared to holding it.