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

in #bitcoin7 years ago

Need I remind you that in every case so far, the defendants plead guilty. Bitcoin is not "money" is only assumed from an IRS document which has no bearing on the legal proceedings. Some laws are written in a way that the definition of money or funds does not impact the law itself. Courts in many cases have already convicted defendants based on these laws, and the definition of Bitcoin, did not help. It's good to for people to know that now, and not fall victims to wrong assumptions.

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