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Vigil (OP)
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April 09, 2013, 07:23:01 PM
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Hey, just wondering if anyone has any information regarding the legality of making trades on BTC-e from the US. I know there are various laws in place but not sure what applies or where to find them. I have heard that it isn't illegal to trade virtual currencies but maybe the issue arises when converting to dollars? Any information will be helpful.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 09, 2013, 07:25:59 PM
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I doubt that there is anything illegal relative to the US as long as you keep detailed accounting records and pay taxes on any gains. Tongue
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