[1] https://www.economist.com/finance-and-economics/2018/07/19/w...
[1] https://www.economist.com/finance-and-economics/2018/07/19/w...
This allows me to hold currencies I wouldn't be able to buy because of capital controls by the government.
It sounds like it falls mostly under illegal transactions because you are using crypto for something that would otherwise be illegal (avoiding capital controls). Is it technically illegal? I don’t know. Is it ethically wrong? I guess not directly. However, I imagine there are also a lot of nefarious reasons somebody might want to avoid capital controls which crypto could also help facilitate.
And either way I don't think grouping "criminal transactions" with "stuff that's illegal in X country" is fair. At many points in history governments outlawed things that are very wrong (e.g. nazi germany) Just because someone doesn't want to succumb to corrupt institutions doesn't mean he/she is a bad guy.