Express
Analysis: Some Countries Ban Domestic Crypto Payments, But Overseas Payments May Still Be Legal
Summary: According to Cointelegraph, stablecoins as a means of crypto payment have been gaining popularity in recent years, with many global companies adopting this new payment method. Despite this, crypto payments are still banned for retail users in several countries including Indonesia, Russia, and Turkey. However, some legal experts and crypto regulatory observers point out that ...
According to Cointelegraph, stablecoins as a means of crypto payment have been gaining popularity in recent years, with many global companies adopting this new payment method. Despite this, crypto payments are still banned for retail users in several countries including Indonesia, Russia, and Turkey.
However, some legal experts and crypto regulatory observers point out that while domestic crypto payments are prohibited in these countries, using cryptocurrency for overseas services payments may be legally permissible.
Meric Paldimoglu, a lawyer and managing partner at Paldimoglu Law Firm in Turkey, stated: Generally, a country's laws only apply to events that occur within its borders or to its own citizens.
Tags:
Link: Analysis: Some Countries Ban Domestic Crypto Payments, But Overseas Payments May Still Be Legal [Copy]
