Analysis: Some countries prohibit domestic cryptocurrency payments, but overseas payments may still be legal

On June 27th, according to Cointelegraph, the popularity of stablecoins as a cryptocurrency payment method has been increasing in recent years, and many global companies have adopted this new payment method. Despite this, cryptocurrency payment is still prohibited for retail users in Indonesia, Russia, Türkiye and other countries. However, some legal experts and cryptocurrency regulatory observers have pointed out that although these countries prohibit encrypted payments domestically, the use of cryptocurrency for overseas service payments may be legally allowed. Meric Paldimoglu, a lawyer from Türkiye and managing partner of Paldimoglu Law Firm, said: "Generally, the laws of a country only apply to events occurring in the country or its citizens."