Can You Pay With Crypto Abroad If It’s Illegal Back Home?
The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment methods.
Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia, Turkey and others.
Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay for services abroad may be legally permissible, according to some legal experts and observers of crypto regulation.
“As a general rule, the laws of a country apply only to events occurring within that country or to its own citizens,” said Meric Paldimoglu, a lawyer in Turkey and managing partner of Paldimoglu Law Firm.
