"An encryption technology used in bitcoins is SHA256 and is completely legal in the US. The National Institute of Standards and Technology, an arm of the US government, has a recorded standard for SHA256."
fixed that for you.
also see: http://en.bitcoin.it/wiki/How_bitcoin_works#Cryptography
Topic: Begging your indulgence with a noob question (Read 973 times)
The encryption used in bitcoins (SHA256) is completely legal in the US. The National Institute of Standards and Technology, an arm of the US government, has a recorded standard for SHA256.
I was under the impression that certain strong forms of encryption were illegal in the 'land of the free', on the pretext of fighting bogeymen. Presumably this is not the case?
This excellent podcast covers that:
"The History of the Cypherpunks"
- http://www.bitcoinmoney.com/post/6136537609
Strong encryption is not illegal in the US. However, there are laws preventing us from exporting it to certain other countries. These are the same laws used to govern arms dealing.
http://www.pmddtc.state.gov/regulations_laws/itar_official.html
http://www.pmddtc.state.gov/regulations_laws/itar_official.html
Hi all
Just joined the forum, very excited about Bitcoin (though wishing I had bought *immediately* that I heard about it, when the price was 1/4 its current level).
A question that has been bugging me:
I was under the impression that certain strong forms of encryption were illegal in the 'land of the free', on the pretext of fighting bogeymen. Presumably this is not the case? Legal restrictions on cryptographic strength would presumably make Bitcoin unviable where applied.
Just joined the forum, very excited about Bitcoin (though wishing I had bought *immediately* that I heard about it, when the price was 1/4 its current level).
A question that has been bugging me:
I was under the impression that certain strong forms of encryption were illegal in the 'land of the free', on the pretext of fighting bogeymen. Presumably this is not the case? Legal restrictions on cryptographic strength would presumably make Bitcoin unviable where applied.
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