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. On the other hand, bitcoin (and other cryptocurrency) is not that is why, the answer is relative to the government. There is no that protection.

Israel's Attorney General proclaims the country's crypto ...
Israel's Attorney General proclaims the country's crypto ... from invezz.com
However, there is no law that prohibits its residents from buying and selling bitcoin. List of countries where bitcoin/ico/cryptocurrency is legal & illegal. There is no that protection.

Both are used for illegal activities, fiat is hugely more used in general, so the fines for the banks are higher.

I think this needs to be addressed. Buying crypto for cash or via a bank transfer from a russian bank would be subject to a fine up to one million russian rubles ($14,000) or up to seven years in prison, depending on the scale of the deal. Both are used for illegal activities, fiat is hugely more used in general, so the fines for the banks are higher. Dealing in crypto without obtaining a license from authorities has been declared illegal in cambodia, in a joint statement.


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