Bitcoin Forum

Other => Politics & Society => Topic started by: innocentbee on September 08, 2016, 04:58:15 AM



Title: Why bitcoins illegal ????
Post by: innocentbee on September 08, 2016, 04:58:15 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/


Title: Re: Why bitcoins illegal ????
Post by: mindrust on September 08, 2016, 05:01:21 AM
Because governments don't like it. They don't like it because they can't control the money flow when people use bitcoins. They can control banks, airports, your house... But nobody will notice if a tiny usb stick holds thousands of bitcoins.


Title: Re: Why bitcoins illegal ????
Post by: hajimasan on September 08, 2016, 06:05:59 AM
because of it no control of government country and not taxation pay to government .
so usually they ban it . also there is privacy through which no one can find how much the user saved btc at his wallet .


Title: Re: Why bitcoins illegal ????
Post by: tubexc on September 08, 2016, 06:22:05 AM
For the same reason online poker is
still ilegal in many countries!
Not open minded people  ;D


Title: Re: Why bitcoins illegal ????
Post by: airezx20 on September 08, 2016, 08:26:57 AM
Yes in some countries bitcoin is illegal and in some countries there is no specific law made for the regulation of bitcoin.
Those government made bitcoin illegal in their country because they are not able to control this bitcoin currency as bitcoin is decentralised and they cannot track how much bitcoin a person is holding in his/her wallet.


Title: Re: Why bitcoins illegal ????
Post by: groll on September 08, 2016, 08:53:48 AM
What do you mean by it is illegal?  I am from a third world country but we uses bitcoin.  I do not know if it is legal or illegal all I know is that the bitcoin wallet in our country allows deposit through banks and 711 stores and some cash remittances.  They even ask every person to validate their accounts through Id verification and phone verification.  They deactivated accounts which engage into gambling as they say that it is not registered into some government organization or something like that. 


Title: Re: Why bitcoins illegal ????
Post by: otrkid70 on September 08, 2016, 12:18:53 PM
If a government can't control and tax it to make a profit for themselves they don't wan't it.  Greed drives Governments.


Title: Re: Why bitcoins illegal ????
Post by: BingoDog on September 08, 2016, 01:31:23 PM
Can someone here name those countries where Bitcoin is illegal? I would like to know that. I know that Bitcoin is not very well accepted in some countries by governement but I don't know in which countries is actually banned by law.


Title: Re: Why bitcoins illegal ????
Post by: Daniel91 on September 08, 2016, 03:05:29 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

I don't think that Bitcoin is illegal in many countries in the world.
In fact, Bitcoin is still not regulated by the law in many countries in the world.
Governments really adapt very slowly to the new reality and Bitcoin is already here, reality and new future of the money.
Don't worry, nobody can stop progress and Bitcoin will be fully accepted everywhere, soon or later.


Title: Re: Why bitcoins illegal ????
Post by: HabBear on September 08, 2016, 03:39:04 PM
Bitcoin is legal because it's not a big deal yet, it's not impacting or imposing upon local fiat currencies, and (most importantly) it has legitimate value in the world!

In the end, the government can't control what I offer you for services you offer me - it's called trading/bartering. Of course it would take more creativity to make the exchange happen, but it could still happen.

Here's a resource on the legality of bitcoin by country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country)


Title: Re: Why bitcoins illegal ????
Post by: designerusa on September 13, 2016, 04:35:07 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

governments want to control people so they want to control ongoing cash flow. For that reason, goverments dont want to legitimize bitcoin usage in trades. Bitcoin flow cant be controled offically at this moment but something will be different in the future ..who knows..


Title: Re: Why bitcoins illegal ????
Post by: Fraxinus on September 13, 2016, 04:50:04 PM
Cause they don't like it,the freedom it gives you,the endless possibilities.
That's to say I really don't find it is reasonable for the people because they deserve to use BTC and have the freedom to choose their currency.
Hope more people realize this


Title: Re: Why bitcoins illegal ????
Post by: gabmen on September 13, 2016, 04:51:31 PM
well that's because they can't get anything from it. bitcoin can't be taxed or is not being taxed yet. well it really depends on which country you're in I don't think there are a lot of countries that bans bitcoin


Title: Re: Why bitcoins illegal ????
Post by: Bitcoinsummoner on September 13, 2016, 04:57:48 PM
I think bitcoin is not illegal in other country almost all are accepting bitcoin to use..
Because its just a alternative money online that you can use to pay or to buy service online.. also in gambling but its not the case..


Title: Re: Why bitcoins illegal ????
Post by: Winner on September 13, 2016, 05:04:50 PM
Bitcoin is illegal?


Those law makers are changing their minds so much that they might be really light headed. Maybe they could do the same with drugs, ban then unban ban then unban.

What are they doing?


Title: Re: Why bitcoins illegal ????
Post by: mrhelpful on September 13, 2016, 05:05:49 PM
Its illegal, but it can be legal if they really wanted it to be...

Like pass the damn ETF and it can be considered as a security in the traditional stock market... like its been forever..


Title: Re: Why bitcoins illegal ????
Post by: LTU_btc on September 13, 2016, 10:21:51 PM
Bitcoin is still young currency and many goverments still don't know much about it. They are thinking that bitcoin can be used for illegal activities or avoid pay taxes. And also goverments are in side of banks, legalization of bitcoin can affect banks negative and goverments no need it.


Title: Re: Why bitcoins illegal ????
Post by: virtualx on September 13, 2016, 11:26:14 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
Illegal in many countries? It's a minority. Bitcoin is legal in most countries of the world. You need to go to some countries in the former USSR for bitcoin to be illegal.
Governments are cautious about it in the western world, but it's not illegal. The usual arguments are terrorist, crime, money laundering.

Before all the "get rich quick" guys came to the bitcoin space, it was a very political movement.
You need to go back in time to when bitcoin was first created.

June 2011:
I have become fascinated with Bitcoin since first reading about it a few weeks ago.  It seems to me that a successful, thriving bitcoin currency is very threatening to governments, because it reduces their power to trace transactions, confiscate money, and pay their bills in inflated currency.  Bitcoin takes power from government and puts it firmly back into the hands of the people.  It has a small, but real, chance of becoming one of the most liberating inventions since the Internet itself, and will therefore be detested by governments around the world.  If it is to survive, every effort must be taken to protect it from their attacks.

That was the general view. I'm skeptical if it does reduce a governments power:

https://images.duckduckgo.com/iu/?u=https%3A%2F%2Fimgs.xkcd.com%2Fcomics%2Fsecurity.png&f=1


Title: Re: Why bitcoins illegal ????
Post by: sirohige on September 13, 2016, 11:30:54 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

in my country bitcoin is not illlegal system, it's depending about for what you use bitcoin, if you using bitcoin for illegal activity you will be a fugitive, bitcoin is like normal currency


Title: Re: Why bitcoins illegal ????
Post by: JITENDERPAR3 on September 14, 2016, 12:00:51 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
i think bitcoin is not illegal . but some persons are using bitcoin for illegal purpose so to get control over the floq of illegal activities some of the countries have banned the use of bitcoin in there countries . overall bitcoin is safe and pure legal .


Title: Re: Why bitcoins illegal ????
Post by: virtualx on September 14, 2016, 12:10:57 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
i think bitcoin is not illegal . but some persons are using bitcoin for illegal purpose so to get control over the floq of illegal activities some of the countries have banned the use of bitcoin in there countries . overall bitcoin is safe and pure legal .
There is a board about bitcoin legality. https://bitcointalk.org/index.php?board=74.0 (https://bitcointalk.org/index.php?board=74.0)
Initially governments were very cautious about it (political program of early users) but as it can bring money into their country they turn more positive towards it.


Title: Re: Why bitcoins illegal ????
Post by: noictib on September 14, 2016, 12:23:43 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
i think bitcoin is not illegal but use of bitcoin in sime countries is illegal because many people using bitcoin as criminal activities .
further more i will say there is no legit way which proves bitcoin as illegal .
it is a better way for worldwide payment but still some people uses it as only for earning purpose .


Title: Re: Why bitcoins illegal ????
Post by: coynedterm on September 14, 2016, 12:48:36 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
in my opinion there is no solid reasons to say bitcoin as illegal . because in reality it is not illegal but it is a way to make payment from any part of world to any part with independently .
i hope no one will say it as illegal or it is uses for illegal activity .
all over i will say bitcoin is a gift of god .


Title: Re: Why bitcoins illegal ????
Post by: coynedterm on September 14, 2016, 12:52:14 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
i think bitcoin is not illegal . but some persons are using bitcoin for illegal purpose so to get control over the floq of illegal activities some of the countries have banned the use of bitcoin in there countries . overall bitcoin is safe and pure legal .
There is a board about bitcoin legality. https://bitcointalk.org/index.php?board=74.0 (https://bitcointalk.org/index.php?board=74.0)
Initially governments were very cautious about it (political program of early users) but as it can bring money into their country they turn more positive towards it.

i had also read this thread @virtualx . here in this Board only few countries had banned the bitcoin but many of countries are looking to declare as a real currency . my country also is in this list to declare btc as safe and legal to use .


Title: Re: Why bitcoins illegal ????
Post by: Xester on September 14, 2016, 03:24:31 AM
Like everybody here saying, the government could not control it and they would not benefit.  But I do not think so, here in our country it is like legal because we can buy or deposit our money through bank and then it will be deposited to our bitcoin wallet and then you can exchange it into bitcoins.  The government still benefit from it through taxes that banks remittance center, those stores that were partner of bitcoin wallet through tax.


Title: Re: Why bitcoins illegal ????
Post by: ObscureBean on September 14, 2016, 06:10:44 AM
Because the system doesn't yet have a proper mechanism for dealing with it. The fact that Bitcoin is used worldwide makes it harder for individual countries to set up laws to control it. And since countries can't control users outside of their borders, it is easier for them to just ban their own people from using it.


Title: Re: Why bitcoins illegal ????
Post by: virtualx on September 14, 2016, 10:22:14 AM
Like everybody here saying, the government could not control it and they would not benefit.  But I do not think so, here in our country it is like legal because we can buy or deposit our money through bank and then it will be deposited to our bitcoin wallet and then you can exchange it into bitcoins.  The government still benefit from it through taxes that banks remittance center, those stores that were partner of bitcoin wallet through tax.
In theory it was not controllable by government. This was several years ago in 2011. In practice people use it to buy products which are taxed by the governments and exchange through banks. In the end a government still benefits from bitcoin and the benefits outweigh the negatives.

Because the system doesn't yet have a proper mechanism for dealing with it. The fact that Bitcoin is used worldwide makes it harder for individual countries to set up laws to control it. And since countries can't control users outside of their borders, it is easier for them to just ban their own people from using it.
It's easy to create a law but a law is obsolete if they cannot enforce it. Usually law makers have zero knowledge of technology.


Title: Re: Why bitcoins illegal ????
Post by: maydna on September 14, 2016, 12:16:31 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

i think country will not give any statement about illegal or legal of bitcoin, but maybe they will only said that every people which used and play with bitcoin will have their responsibilities, so if anything happen, don't blame other people which don't used or playing with bitcoin. i don't know if there was any statement about illegal or not about bitcoin in many countries.


Title: Re: Why bitcoins illegal ????
Post by: Daniel91 on September 14, 2016, 04:37:20 PM
Bitcoin can't be illegal because most countries, governments or state laws don't even recognize Bitcoin as money, currency or financial assets.
In my country, for example, nobody recognize bitcoin.
Even if I want, there is no way to report earnings from bitcoin to the tax authorities.
I can only report earnings if I sell Bitcoin and exchange to other, ''hard'' currency. :)



Title: Re: Why bitcoins illegal ????
Post by: Berns on September 15, 2016, 06:23:16 AM
I believe that the more the government will delve into bitсoints, the worse it will operate the system. Introduce some restrictions, taxes, etc.


Title: Re: Why bitcoins illegal ????
Post by: Dora Doll on September 15, 2016, 09:14:34 AM
because every state has their rules and regulation and they have their own policies, if you going to start a business or going to do investment in a state you have to get permission from government and after that you can exercise such kind of activities. as bitcoin is still not recognize by any start or got permission form any state therefore it is still consider it as illegal.


Title: Re: Why bitcoins illegal ????
Post by: horace08122 on September 30, 2016, 01:40:56 PM
Nobody forbids use bitcoints. Just as long as their status is undefined. The government for the first time confronted with the phenomenon. Now senior officials think what to do with bitcoints


Title: Re: Why bitcoins illegal ????
Post by: Sanekavg13 on September 30, 2016, 03:37:37 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
Using the money the government regulates the economy through taxes ensures the existence of the state. Bitcoin prevents and so its use will be prosecuted.


Title: Re: Why bitcoins illegal ????
Post by: igorokavg13 on September 30, 2016, 03:53:01 PM
And how do you administer bitcoin? If he gets wide distribution, it is possible to destroy the whole world.


Title: Re: Why bitcoins illegal ????
Post by: daiyuba1971 on September 30, 2016, 05:29:41 PM
Bitcoin will always be banned. Who controls the money, rules the world. I think the Americans will not allow a large spread of Bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: Dizaster2015 on September 30, 2016, 07:07:59 PM
Bitcoin has circulated only on the Internet. It is difficult to deny. And walk in all countries, only the national currency. And no country will not allow the circulation of other currencies.


Title: Re: Why bitcoins illegal ????
Post by: Nowl1935 on October 13, 2016, 05:37:41 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Bitcoin was still illegal to some country, because its not recognize by the government constitution of law and they will not allow bitcoin to be a legal currency. Because  in each country has only one recognized currency which represent to every countries identity.. Bitcoin don't have own country identity. Just like peso it represent the Philippines, YEN represent the country of japan. And other currency represents their country. But unfortunately Bitcoin don't have. I think this is one of the reason why some other countries bitcoin is still illegal.


Title: Re: Why bitcoins illegal ????
Post by: Berns on October 13, 2016, 05:50:51 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Bitcoin was still illegal to some country, because its not recognize by the government constitution of law and they will not allow bitcoin to be a legal currency. Because  in each country has only one recognized currency which represent to every countries identity.. Bitcoin don't have own country identity. Just like peso it represent the Philippines, YEN represent the country of japan. And other currency represents their country. But unfortunately Bitcoin don't have. I think this is one of the reason why some other countries bitcoin is still illegal.
Any currency backed by state assets. What is behind the Bitcoin? Nobody knows. Therefore, he will never get the status of legal currency.


Title: Re: Why bitcoins illegal ????
Post by: birareru1988 on October 13, 2016, 08:01:45 PM
Bitcoin can break the monopoly of the dollar so America will never allow its recognition. And not only America had no interest in it.


Title: Re: Why bitcoins illegal ????
Post by: Sanekavg13 on October 13, 2016, 08:34:06 PM
And how it generally can be accepted as a currency if it cannot be kept in hand? And indeed what he achieved? There is not currency!


Title: Re: Why bitcoins illegal ????
Post by: yuiyuga on October 14, 2016, 12:54:54 PM
What will you do if Bitcoin collapses? Someone to claim? I am also against the recognition of unsubstantiated money


Title: Re: Why bitcoins illegal ????
Post by: ricreis394 on October 14, 2016, 01:10:46 PM
Bitcoin is a way to stay away from the banks, and of course government don't like that. Government like the idea to control our moneys and that's why some countries make bitcoin illegal.


Title: Re: Why bitcoins illegal ????
Post by: Dizaster2015 on October 14, 2016, 01:40:16 PM
Rather than the dollar for example is different from bitcoin? What difference in what currency to make money? The main thing that they could easily spend and the exchange rate was stable. In all this, bitcoin loses.


Title: Re: Why bitcoins illegal ????
Post by: Berns on October 14, 2016, 02:03:53 PM
Why banks must accept bitcoin? It is possible to earn only on the Internet and spend there. Is it full payment?


Title: Re: Why bitcoins illegal ????
Post by: TicTacTic on October 14, 2016, 02:30:34 PM
I also agree. Let those who propose to accept bitcoin will show you an example and sell your property for bitcoins. But we'll see.


Title: Re: Why bitcoins illegal ????
Post by: DZU1410 on October 14, 2016, 07:24:43 PM
I also agree. Let those who propose to accept bitcoin will show you an example and sell your property for bitcoins. But we'll see.

It will have all the time and it can be done. But Bitcoin is not ready for such


Title: Re: Why bitcoins illegal ????
Post by: BADecker on October 14, 2016, 09:10:29 PM
Bitcoin is illegal because the people who say what is legal have expressed that Bitcoin is illegal. But, Bitcoin is NOT unlawful.

Legal people are not any different than other people. In many cases, they are the worst kind of evil people. Make your own legalism if you want. Make your statement that Bitcoin is legal. Get your friends and neighbors to make the statement with you. Make legal Bitcoin strong in your area.

Just one thing. You need to stop partaking of the government. You need to NOT be a citizen of any government that says that Bitcoin is illegal. If you don't, you contradict yourself. If you contradict yourself, you will fail.

8)


Title: Re: Why bitcoins illegal ????
Post by: Berns on October 15, 2016, 11:34:40 AM
Bitcoin will never be legal. You sell your house for bitcoins? This will get you the answer to the problem of legalizing bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: Daniel91 on October 15, 2016, 11:45:10 AM
Interesting question.
In my opinion, because we are competition to the banks and they don't like us.
Also, government don't like us because of anonymity on Internet.
They can't control Bitcoin, and can't force us to pay taxes, report it as income etc.
Nobody is owner of Bitcoin, and nobody can control bitcoin.
Because of this reason, I don't really think that Bitcoin will be accepted by any official institution in the world.



Title: Re: Why bitcoins illegal ????
Post by: Dizaster2015 on October 15, 2016, 12:19:19 PM
Interesting question.
In my opinion, because we are competition to the banks and they don't like us.
Also, government don't like us because of anonymity on Internet.
They can't control Bitcoin, and can't force us to pay taxes, report it as income etc.
Nobody is owner of Bitcoin, and nobody can control bitcoin.
Because of this reason, I don't really think that Bitcoin will be accepted by any official institution in the world.


Maybe bitcoin was invented to undermine the economy of underdeveloped countries? After all, not the stability of their currencies makes people to look for earnings in other currencies.


Title: Re: Why bitcoins illegal ????
Post by: bitcoin21 on October 15, 2016, 12:32:12 PM
Because Bitcoin is the tool for normal people to stand up against hard-core capitalism and capriciousness of the central banks world wide.
There is an elite that is fearing the potential of Bitcoin for the masses.

why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/


Title: Re: Why bitcoins illegal ????
Post by: Winter1986 on October 15, 2016, 12:42:53 PM
What is the potential? How many people have bitcoin and what it can buy? The role of bitcoin are overblown.


Title: Re: Why bitcoins illegal ????
Post by: JoeinJapan on October 15, 2016, 12:46:36 PM
Because Bitcoin is the tool for normal people to stand up against hard-core capitalism and capriciousness of the central banks world wide.
There is an elite that is fearing the potential of Bitcoin for the masses.

why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
No, it's simply a transfer of money without third party  :D  The idea that it can take down central banks is a joke, banks and government are intertwined.
 


Title: Re: Why bitcoins illegal ????
Post by: daiyuba1971 on October 15, 2016, 01:37:18 PM
I can't understand, and who is stopping you to earn money online in dollars? Why bitcoin? Although I don't know how the Internet money.


Title: Re: Why bitcoins illegal ????
Post by: birareru1988 on October 15, 2016, 01:52:20 PM
At least in Russia the bitcoin and not go but the earnings in the Internet is not controlled. Will earn in other currencies. What's the problem?


Title: Re: Why bitcoins illegal ????
Post by: Sanekavg13 on October 15, 2016, 02:37:17 PM
I don't really believe in the theory of world conspiracy, but I think that bitcoin is some sort of Scam on a global scale. To store their savings is very dangerous.


Title: Re: Why bitcoins illegal ????
Post by: igorokavg13 on October 15, 2016, 03:14:49 PM
I was quite happy with the dollar. Can not understand that you are not satisfied. If you want to buy such a car for bitcoins,then buy,but who you sell it?


Title: Re: Why bitcoins illegal ????
Post by: virtualx on October 15, 2016, 03:18:01 PM
I don't really believe in the theory of world conspiracy, but I think that bitcoin is some sort of Scam on a global scale. To store their savings is very dangerous.
Where do you store your savings?


Title: Re: Why bitcoins illegal ????
Post by: igorokavg13 on October 15, 2016, 03:22:22 PM
I don't really believe in the theory of world conspiracy, but I think that bitcoin is some sort of Scam on a global scale. To store their savings is very dangerous.
Where do you store your savings?
I keep the dollars in the Bank. Then buy a property and rent it. Have on hand lots of money is not always appropriate.


Title: Re: Why bitcoins illegal ????
Post by: bikbik2 on October 15, 2016, 06:13:59 PM
The legalization of bitcoin does not benefit anyone. I think that even those who use it. Who and what will provide the currency?


Title: Re: Why bitcoins illegal ????
Post by: maister77777 on October 15, 2016, 06:38:44 PM
What the Internet can ban bitcoin? I think the Internet can be everything. How can they tax it if it is not recognized?


Title: Re: Why bitcoins illegal ????
Post by: berserkinterbuy on October 15, 2016, 07:03:17 PM
Who wants to share their influence. The monetary unit allows any state to exercise control over the economy. They are already competing with the dollar, and then there's bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: Seansky on October 15, 2016, 08:04:08 PM
Bitcoin is illegal in some countries because of some reasons. First of all, The governments don't like it. They see it as a threat against banks and fiat but not that big of a threat for now that's why they leave it alone for now. They also think that bitcoin = drug money many thinks that way because of media saying bad things about bitcoin. Finally, it is illegal in some countries because it tolerates cybercrime since the one using it is anonymous making it easy for him/her to buy drugs etc. on the deepweb that the police don't like.


Title: Re: Why bitcoins illegal ????
Post by: hase0278 on October 19, 2016, 01:34:54 PM
Bitcoin is still illegal in some countries because government don't like it. They don't like it because of some reasons. First of all, bitcoin gives anonymity to it's user. It also gives users the chance to evade tax because of the anonymity it gives. Because of anonymity too it can be easily used for crimes and illegal transaction thats why they dont like it.


Title: Re: Why bitcoins illegal ????
Post by: Hoor on October 19, 2016, 07:23:32 PM
bitocin is illegal for some countries , as they consider it as illegal currency but still most of the people have no statement about bitcoin therefore bitcoin is not illegal for them.


Title: Re: Why bitcoins illegal ????
Post by: LieXurui on October 19, 2016, 10:50:24 PM
bitcoin not ilegal
but much country not yet regulated this bitcoin


Title: Re: Why bitcoins illegal ????
Post by: carlisle1 on October 20, 2016, 06:06:09 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

There are only few country that considered bitcoin as illegal and most countries does not implemented a law for bitcoin yet , like in a certain country from asia . It is not yet accepted in many stores or etc and it is not yet accepted by the government only some private sectors are working with bitcoin but it doesn't mean that it is illegal .


Title: Re: Why bitcoins illegal ????
Post by: ardentvolcanoes on October 20, 2016, 06:13:28 AM
for some country the reasons why they are considering bitcoin as illegal or why they are not yet accepting it , maybe because of it's anonymity or they are thinking of it's use for some illegal transactions . and other reason is that they can never get the control of it's production of course they looking for tax i guess just like what the government are doing with our money .


Title: Re: Why bitcoins illegal ????
Post by: xht on October 20, 2016, 09:38:07 AM
bitocin is illegal for some countries , as they consider it as illegal currency but still most of the people have no statement about bitcoin therefore bitcoin is not illegal for them.
There is nothing illegal with Bitcoin at all and even the price is not stable, i can make some money just by investing.


Title: Re: Why bitcoins illegal ????
Post by: Xenophoto on October 20, 2016, 10:51:26 AM
The government is abusing the power of fiat. They don't want people to wake up and know that fact so they ban Bitcoins in their country. That would make people that already knows about Bitcoin to stop talking about it since it's illegal. If he's going to open it as a topic, most people would look at him as criminal or some sort of hackers.

To be honest, even if Bitcoins get illegalized somewhere in this world, people would still be able to use it since the Bitcoin network is decentralized.


Title: Re: Why bitcoins illegal ????
Post by: Sanekavg13 on October 20, 2016, 05:52:46 PM
Such decentralization does not happen. Someone manages them anyway. And I highly doubt that he will be able to compete with the dollar.


Title: Re: Why bitcoins illegal ????
Post by: eminem90 on October 20, 2016, 06:45:27 PM
Such decentralization does not happen. Someone manages them anyway. And I highly doubt that he will be able to compete with the dollar.

I also think that Bitcoin can not compete with the dollar. He's just an alternative currency, and will never become mainstream. No it does not prohibit, but will not make the official currency


Title: Re: Why bitcoins illegal ????
Post by: dimonchik13 on October 20, 2016, 07:09:41 PM
Bitcoin can go to the Internet among advanced users, but the spread it receives. May soon disappear altogether.


Title: Re: Why bitcoins illegal ????
Post by: birareru1988 on October 20, 2016, 07:21:45 PM
I also wouldn't be surprised if tomorrow bitcoin will disappear. He has no future and therefore no one will ever legalize.


Title: Re: Why bitcoins illegal ????
Post by: daiyuba1971 on October 20, 2016, 07:51:22 PM
Bitcoin is a big Scam which will affect everyone. Then let's see what will say those who wanted him to legalize.


Title: Re: Why bitcoins illegal ????
Post by: xeqoRameshAxueamExaqana on October 21, 2016, 12:59:25 AM
because not yet regulated, only several country is regulated
not owner, founder satoshi nakamoto anonymous


Title: Re: Why bitcoins illegal ????
Post by: hendra147 on October 21, 2016, 01:03:38 AM
im never hear any country ban bitcoin, and i think it's ust not yet regulated.
in my country bitcoin is not a legal currency and not a illegal activity too. it's seem only not a legal payment processor, but you still can use it.


Title: Re: Why bitcoins illegal ????
Post by: Indijanos on October 21, 2016, 09:23:33 AM
Corrupt governments hate something that they have no control of.. therefore it's easy for them just to ban it.


Title: Re: Why bitcoins illegal ????
Post by: TicTacTic on October 21, 2016, 10:18:11 AM
In my country too, no one forbids the circulation of bitcoin. Just nobody wants it. Its circulation on the Internet will not solve the problem.


Title: Re: Why bitcoins illegal ????
Post by: Perle on October 21, 2016, 10:39:32 AM
Why deal with bitcoin? Enough not to help it spread and he lost. Bitcoin is a fake and very soon people will understand it.


Title: Re: Why bitcoins illegal ????
Post by: pinoycash on October 21, 2016, 10:44:27 AM
bitocin is illegal for some countries , as they consider it as illegal currency but still most of the people have no statement about bitcoin therefore bitcoin is not illegal for them.

I guess, they're reason is if they cannot make money its illegal, since money controls people. and they cannot control how bitcoins works, they dislike how the monetary system works, 


Title: Re: Why bitcoins illegal ????
Post by: Kotone on October 21, 2016, 12:18:23 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
Bitcoin don't really needs in some countries where they don't accept it just because they their goverments don't wants to have another currencies to be use dollars is already okay for them if bitcoin will unban in some of countries like russia then it will be good as well bitcoin will be more stronger and more reliable in the future.


Title: Re: Why bitcoins illegal ????
Post by: birareru1988 on October 21, 2016, 12:38:52 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
Bitcoin don't really needs in some countries where they don't accept it just because they their goverments don't wants to have another currencies to be use dollars is already okay for them if bitcoin will unban in some of countries like russia then it will be good as well bitcoin will be more stronger and more reliable in the future.
Russia is one of the first wants to introduce criminal responsibility for the execution of the cryptocurrency. The ruble has always been called "wooden". No one appreciates that. As soon as you can earn currency, people will do it. Russia's economy is already falling, and in this case will in General collapse.


Title: Re: Why bitcoins illegal ????
Post by: Ai7xpressTV on October 21, 2016, 01:01:53 PM
because the government can't control  it.


Title: Re: Why bitcoins illegal ????
Post by: onelove2111 on October 23, 2016, 03:44:30 PM
because the government can't control  it.

That's for sure. The government is afraid that cryptocurrency negative impact on the economy as a whole. Therefore, in many countries of Bitcoin illegal


Title: Re: Why bitcoins illegal ????
Post by: olyaru on October 28, 2016, 04:52:16 PM
Perhaps the price will be strengthened further, but only on condition that bitcoin will be outlawed. His popularity will only grow in the more civilized countries, and in other possible price will be much higher.


Title: Re: Why bitcoins illegal ????
Post by: Mirconome on October 28, 2016, 04:56:32 PM
because the government can't control  it.
It is now much more interested in bitcoin started because it can use or have already done so, in illegal and unlawful projects, so anything is possible.


Title: Re: Why bitcoins illegal ????
Post by: lilit on October 29, 2016, 04:41:46 AM
Perhaps still quite early to say a total ban on the trade market bitcoin currency and recognition cryptocurrency general. The fact that this market is still very young, and bitcoin not become so popular that it began to be considered with larger assets. I think that is still to come and bitcoin legalization will come soon.


Title: Re: Why bitcoins illegal ????
Post by: coszy on October 29, 2016, 04:46:35 AM
Perhaps still quite early to say a total ban on the trade market bitcoin currency and recognition cryptocurrency general. The fact that this market is still very young, and bitcoin not become so popular that it began to be considered with larger assets. I think that is still to come and bitcoin legalization will come soon.
Actually not a lot of work needed to recognize bitcoin as waltzes and legalize it, to start power really want to have control over cryptocurrency and admission to all financial transactions. This may be the first condition.


Title: Re: Why bitcoins illegal ????
Post by: derekis126 on October 29, 2016, 05:59:47 AM
It is legal, even Russian government admits it is legal now. Where is illegal?


Title: Re: Why bitcoins illegal ????
Post by: blakegrr on October 29, 2016, 06:58:08 AM
i think because the government is not yet informed about the online virtual currency. maybe if someone can explain about this it will be legalized in your country. just hope that anyone will defend the side of the virtual currency in your country. or if not you can trade secretly from your country to another to have an extra income.


Title: Re: Why bitcoins illegal ????
Post by: antonioa on October 29, 2016, 02:50:34 PM
The government somehow believe the income of its citizens and their. And therefore, they do not want to share with anyone. Therefore, never recognize bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: PetroffVany on October 29, 2016, 09:54:41 PM
I think that America is not beneficial to accept bitcoin. She will do everything to in the world no country did not. Why the dollar competitor to bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: Betwrong on October 30, 2016, 09:04:21 AM
First of it's very hard for a government to controll the use of Bitcoin so in democatic countries it's almost irrelevant whether it's legal or not. In the non-democratic countries the situation is different though: a neighbor might snitch on you and your place would be searched by the police, your computer confiscated and then even you never used Bitcoins they will "prove" that you were using them and put you in jail.


Title: Re: Why bitcoins illegal ????
Post by: vantyzz on October 30, 2016, 11:24:10 AM
Why be put in jail? I think that such reprisals will not be. Just bitcoin will not be recognized. And if they want to ban bitcoin there is nothing difficult in it is not.


Title: Re: Why bitcoins illegal ????
Post by: doomistake on October 30, 2016, 11:57:52 AM
Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.


Title: Re: Why bitcoins illegal ????
Post by: Oppolee on October 30, 2016, 05:43:08 PM
If you allow bitcoin, the economy of weak countries can collapse. Why work for not a stable currency if there is a bitcoin? The world will be chaos.


Title: Re: Why bitcoins illegal ????
Post by: crairezx20 on October 30, 2016, 06:08:47 PM
Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.
Yeah same here in my country that most of them and governments are corrupt but we have new elected president and hope those corruption will gone..
And if bitcoin will be connected in government i think that it can affect the price movement of the price because its government do like our fiat..


Title: Re: Why bitcoins illegal ????
Post by: Rmaqks on October 30, 2016, 06:09:07 PM
If you allow bitcoin, the economy of weak countries can collapse. Why work for not a stable currency if there is a bitcoin? The world will be chaos.

There will be chaos if the government will take proper laws regarding cryptocurrency. This allows you to control cryptocurrency. And benefit from this and get people and government


Title: Re: Why bitcoins illegal ????
Post by: Sponsoredby15 on October 31, 2016, 11:27:06 AM
If you allow bitcoin, the economy of weak countries can collapse. Why work for not a stable currency if there is a bitcoin? The world will be chaos.

There will be chaos if the government will take proper laws regarding cryptocurrency. This allows you to control cryptocurrency. And benefit from this and get people and government

It is because bitcoin creates by binary program only. It is not totally illegal it is half legal because it is created by satoshi nakamoto. It is also for good money transaction in the internet which you can get bitcoin over the faucet and forum or given to you by your campaign if you have.


Title: Re: Why bitcoins illegal ????
Post by: slaz26 on October 31, 2016, 12:10:31 PM
Bitcoin in my country is not prohibited. The government did not take a position on this issue. Probably afraid to make a decision


Title: Re: Why bitcoins illegal ????
Post by: Jessica136 on November 01, 2016, 10:48:03 AM
BTC is not illegal at all. As the government has not allowed it, people thinking its illegal. But think once: " has the government banned or restricted all countries from using BTC?



Title: Re: Why bitcoins illegal ????
Post by: eduaro66 on November 01, 2016, 07:44:01 PM
the government does not like the fact that it can not control cryptocurrency. But it can not ban Bitcoin, because it will cause strong public resentment. Therefore, the government issues laws that control this type of currency


Title: Re: Why bitcoins illegal ????
Post by: Mihho on November 02, 2016, 08:23:10 PM
Until not be accepted by the relevant law which prohibits, Bitcoin is not considered illegal. In my country there is no such prohibition. So I freely use Bitcoins


Title: Re: Why bitcoins illegal ????
Post by: Avametra on November 04, 2016, 07:55:25 AM
many had a misconception about Bitcoin. many believe that they are used in illegal operations. This is all due to the fact that little information about cryptocurrency.


Title: Re: Why bitcoins illegal ????
Post by: alien161016 on November 05, 2016, 07:22:30 PM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use


Title: Re: Why bitcoins illegal ????
Post by: carlisle1 on November 08, 2016, 02:44:03 PM
Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .


Title: Re: Why bitcoins illegal ????
Post by: Mario274 on November 08, 2016, 03:22:19 PM
Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

and prohibit the government can no longer cryptocurrency. This will cause strong protests from many users. But the government really wants to control this sphere of life


Title: Re: Why bitcoins illegal ????
Post by: BitSat on November 08, 2016, 03:42:59 PM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry


Title: Re: Why bitcoins illegal ????
Post by: Aikonio on November 08, 2016, 03:48:26 PM
Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

and prohibit the government can no longer cryptocurrency. This will cause strong protests from many users. But the government really wants to control this sphere of life
What government ever wonder what the citizens think? No one will listen. Just ban and all. What will you do? The protests dispersed, and users not so much.


Title: Re: Why bitcoins illegal ????
Post by: Alfa123 on November 08, 2016, 05:32:38 PM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
And why is it legalized? Bitcoin is used by a very few people. Why make him walk? Money is the economy and no one wants to destroy it.


Title: Re: Why bitcoins illegal ????
Post by: ananas99 on November 14, 2016, 11:58:44 PM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
And why is it legalized? Bitcoin is used by a very few people. Why make him walk? Money is the economy and no one wants to destroy it.
In order for countries to recognize bitcoin currency, you must first enable the government to monitor users and take taxes from them. This is perhaps the best answers.


Title: Re: Why bitcoins illegal ????
Post by: phieiph on November 15, 2016, 12:23:32 AM
Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

and prohibit the government can no longer cryptocurrency. This will cause strong protests from many users. But the government really wants to control this sphere of life
What government ever wonder what the citizens think? No one will listen. Just ban and all. What will you do? The protests dispersed, and users not so much.
The government will be punished for any reason, and if bitcoin will be outlawed, no rallies will not help. It already has jurisdiction, sweaty that the state in money matters, it is all very quickly.


Title: Re: Why bitcoins illegal ????
Post by: salemon on November 15, 2016, 12:49:04 AM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
Just think, when the government made it possible to receive money person and do not take interest from him? I think as soon as the time comes for the legalization of the power to quickly come up with methods for paying taxes.


Title: Re: Why bitcoins illegal ????
Post by: Xester on November 15, 2016, 03:32:42 AM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use


here also in Philippines, bitcoins was not considering illegal, some store nor remittances also selling bitcoins proving that bitcoins is not illegal, i think others was thinking about it because bitcoins doesnt requires you to pay even a single cents for tax. bitcoins are still not regulated by the Bangko Sentral ng Pilipinas (PSP) and they issue a statement on risks associated with bitcoin trading and usage.


Title: Re: Why bitcoins illegal ????
Post by: jondeen707 on November 15, 2016, 11:36:31 AM
Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use

Don't know where you are based, but you definitely should reconsider to make sure that you understand where you stand taxation-wise. The fact that you do not pay taxes does not necessarily mean that you do not have to.


Title: Re: Why bitcoins illegal ????
Post by: pyata4ok on November 25, 2016, 07:04:46 PM
About illegal use bitcoin can already forget. Bitcoin as a distributed payment system in its development passed through three stages of growth, and at the moment its economy is primarily determined by the "legitimate payments, commerce and services."


Title: Re: Why bitcoins illegal ????
Post by: beafheart on November 25, 2016, 07:15:34 PM
About illegal use bitcoin can already forget. Bitcoin as a distributed payment system in its development passed through three stages of growth, and at the moment its economy is primarily determined by the "legitimate payments, commerce and services."
What are you writing? Where in the world bitcoin uses a legal? Yes, as long as no criminal prosecution for its use, but the first attempts have already been made. For example in Russia.


Title: Re: Why bitcoins illegal ????
Post by: tripplewarz on November 25, 2016, 08:24:05 PM
Recent concerns about the use of Bitcoins to perform illegal transactions at the moment exaggerated. With the economy growing like Bitcoin illegal transactions will become smaller


Title: Re: Why bitcoins illegal ????
Post by: Alfa123 on November 25, 2016, 08:30:47 PM
Recent concerns about the use of Bitcoins to perform illegal transactions at the moment exaggerated. With the economy growing like Bitcoin illegal transactions will become smaller
Why do you think that bitcoin is growing along with the growth of the economy. World economies have not is growing. That is why is now so intensified protests. This begs the question, why is the bitcoin?


Title: Re: Why bitcoins illegal ????
Post by: kwuccduck on November 25, 2016, 09:07:38 PM
Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.


Title: Re: Why bitcoins illegal ????
Post by: Clement Kaliyar on November 25, 2016, 09:47:42 PM
Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.
During the initial phase of bitcoin everybody could mine from their home computer and that is not a surprising discovery  ;) but how do you determine that it is used for illegal activities ,have you got any proof for these claims or simply phrasing to get a pop  or quoting any article you are planning to publish :)


Title: Re: Why bitcoins illegal ????
Post by: Jonar21 on November 25, 2016, 10:04:34 PM
All understand and are aware that Bitcoin is an anonymous currency. So really use Bitcoin to criminal activity is likely, and it seems to me that many of the criminals have been using advanced bitcoin for their actions. After all, the authorities can not trace the sender until he opens.


Title: Re: Why bitcoins illegal ????
Post by: bikbik2 on November 25, 2016, 10:47:10 PM
Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.
During the initial phase of bitcoin everybody could mine from their home computer and that is not a surprising discovery  ;) but how do you determine that it is used for illegal activities ,have you got any proof for these claims or simply phrasing to get a pop  or quoting any article you are planning to publish :)
Of course it would be good to discuss the real article, with links to originalnos but anything can happen. I've read about the interest of the Interpol to bitcoin th fact that they even collected Concilia on this occasion. But I do not remember where it is seen.


Title: Re: Why bitcoins illegal ????
Post by: jovs on November 26, 2016, 04:45:28 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
The main reason why it is illegal in other countries is because they cab not control it. We all know that bitcoin is the mode of payment in dark market. It can be use neither legally nor legally, it depends on the people on how would they use it. In my opinion, the vision of bitcoin is good.


Title: Re: Why bitcoins illegal ????
Post by: youdacapt on November 27, 2016, 09:59:02 AM
Most countries say no to legalize bitcoin, but they didn't close their eyes. But I'm sure it's only a matter of time, certainly all developed countries are preparing a draft of the validity of bitcoin, developing countries will follow.


Title: Re: Why bitcoins illegal ????
Post by: ndnh on November 27, 2016, 11:14:30 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Where are bitcoins illegal? China?


Edit Nope.
Quote
While private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same.


Title: Re: Why bitcoins illegal ????
Post by: bryant.coleman on November 27, 2016, 02:44:47 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Where are bitcoins illegal? China?

Try this:

http://bitlegal.io/

There is a map in that website, which classifies the legality of Bitcoin by country. But remember that it is not the latest one. For example, although the situation in the US is given as "Permissive", some of the states (such as New York) are actually very hostile to Bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: ZlaiaZaia on December 03, 2016, 06:30:42 PM
Characteristics and properties of Bitcoin, transaction anonymity, lack of control by any regulators, the absence of any security given algorithmically limited emission, inability to cancel the transaction, can be used even for trafficking and other crimes.


Title: Re: Why bitcoins illegal ????
Post by: elena-tur on December 03, 2016, 07:07:40 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Where are bitcoins illegal? China?


Edit Nope.
Quote
While private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same.
In the first place there are questions of illegal transactions, tax evasion, money laundering, proceeds of crime. In fact, using the means of payment without necessarily identifying the members of the operation, these operations easier to perform.


Title: Re: Why bitcoins illegal ????
Post by: eminem90 on December 03, 2016, 07:38:12 PM
Characteristics and properties of Bitcoin, transaction anonymity, lack of control by any regulators, the absence of any security given algorithmically limited emission, inability to cancel the transaction, can be used even for trafficking and other crimes.
criminals is very beneficial irreversibility of committed transactions and block any transaction, even if we know exactly what this purse belongs to the perpetrator. But if only the negative thinking, then nothing happens.


Title: Re: Why bitcoins illegal ????
Post by: WarThunder on December 03, 2016, 08:24:27 PM
Today, for the Bitcoin began to make a big deal to buy the company, for example, casino SatoshiDice (also accept Bitcoin rate) was sold for 126,315 Bitcoins, seriously discussed the sale of land, some even sell a property for Bitcoin. And thanks to Bitcoin no taxes and no control.


Title: Re: Why bitcoins illegal ????
Post by: ivan.daineko23 on December 03, 2016, 09:11:04 PM
The Chinese authorities have banned the use of any virtual currency to pay for the real goods and services in order to protect its financial system. Likewise, they want to go to Thailand. Every year there are more and more evidence that Bitcoin becomes an outlaw.


Title: Re: Why bitcoins illegal ????
Post by: machinek20 on December 04, 2016, 07:28:51 AM
Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin


Title: Re: Why bitcoins illegal ????
Post by: zero1ten on December 04, 2016, 11:41:18 AM
If a government says bitcoin is illegal then there is definitely a secret agenda behind it, the most obvious reason will be, is that they are just afraid to lose control of the money system in their country, and it can result to losing control of its own people.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on December 04, 2016, 01:03:55 PM
Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.


Title: Re: Why bitcoins illegal ????
Post by: Esphere.in on December 06, 2016, 09:04:09 AM
Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.
How about the possibility of banning exchanges ,how would the users cope up with that idea.if a government decides to ban crypto exchanges then they can definitely stop the process and that is a possibility in the future because bitcoin could be seen as a parallel currency which would harm a countries economy.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on December 06, 2016, 10:27:57 AM
Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.
How about the possibility of banning exchanges ,how would the users cope up with that idea.if a government decides to ban crypto exchanges then they can definitely stop the process and that is a possibility in the future because bitcoin could be seen as a parallel currency which would harm a countries economy.

The exchanges can't be banned. These are online websites, which can be operated from anywhere in the world (even behind a VPN). If China or Russia bans the exchanges, then they can easily shift their operations to some other country, such as Taiwan.


Title: Re: Why bitcoins illegal ????
Post by: ekaterina77 on December 07, 2016, 01:45:27 PM
Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.
How about the possibility of banning exchanges ,how would the users cope up with that idea.if a government decides to ban crypto exchanges then they can definitely stop the process and that is a possibility in the future because bitcoin could be seen as a parallel currency which would harm a countries economy.

The exchanges can't be banned. These are online websites, which can be operated from anywhere in the world (even behind a VPN). If China or Russia bans the exchanges, then they can easily shift their operations to some other country, such as Taiwan.
Well, let's start with the fact that China considers Taiwan its territory. As for bitcoin it seems to me that it is the work of the global stock speculators and very soon they will cease to exist.


Title: Re: Why bitcoins illegal ????
Post by: brian_23452 on December 08, 2016, 06:20:31 AM
Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.

there are some country that do accept bitcoin as legal currency in their country and before now there have a means of mining it using their computer maybe with the use of soft as we all know bitcoin is a digital currency.


Title: Re: Why bitcoins illegal ????
Post by: iamTom123 on December 08, 2016, 06:24:43 AM
Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.


Title: Re: Why bitcoins illegal ????
Post by: Alfa123 on December 08, 2016, 09:59:26 AM
Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?


Title: Re: Why bitcoins illegal ????
Post by: Gilf on December 30, 2016, 06:39:56 PM
Only the legal business can add the popularity of bitcoin and the main thing that no accepted.


Title: Re: Why bitcoins illegal ????
Post by: Drago2016 on December 30, 2016, 07:26:24 PM
Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?

Yes, you are asking the right questions. But I believe that cryptocurrency no longer be able to depreciate the reason that the game has already invested a lot of money. Bitcoin now "ensure" these investments and expensive equipment for mining


Title: Re: Why bitcoins illegal ????
Post by: tripplewarz on December 30, 2016, 07:57:14 PM
Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?

Yes, you are asking the right questions. But I believe that cryptocurrency no longer be able to depreciate the reason that the game has already invested a lot of money. Bitcoin now "ensure" these investments and expensive equipment for mining
anonymous transactions, lack of control by any regulators, the absence of any security given algorithmically limited emission, inability to cancel the transaction, all of which can have an impact if you use bitcoin illegally.


Title: Re: Why bitcoins illegal ????
Post by: dimonchik13 on December 30, 2016, 08:16:04 PM
Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?
For example using a means of payment without necessarily identifying the members of the operation, rredstva of crime translating into such transactions to make easier. Also on hand to criminals irreversibility of committed transactions and block any transaction, even if we know exactly what this purse belongs to the perpetrator.


Title: Re: Why bitcoins illegal ????
Post by: kwuccduck on December 30, 2016, 09:04:50 PM
Only the legal business can add the popularity of bitcoin and the main thing that no accepted.
Despite all the possibilities for search and identification of persons using Bitcoin illegal schemes, these opportunities have yet to learn how to use. Technical competence and understanding of the cryptocurrency in law enforcement is not yet at a level that will effectively deal with the new risks.


Title: Re: Why bitcoins illegal ????
Post by: Tyrantt on December 30, 2016, 10:40:34 PM
They mainly get banned because of the lack of controll by the government, also cannot be taxed.. so it's not that good in the governments eyes.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on December 31, 2016, 03:31:48 AM
Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.

Although Bitcoin transactions are hard to trace, once you convert your coins to fiat it becomes easier for the government to track you (that is, unless you are exchanging for physical cash). So honesty doesn't matter.


Title: Re: Why bitcoins illegal ????
Post by: btcmylove on December 31, 2016, 05:12:54 AM
No one said it was illegal. But no one has admitted it. At present, it is just a mathematical and financial theory conjecture experiment, if after the function and use it if changed, violated the national currency interest, there may be ruled illegal.


Title: Re: Why bitcoins illegal ????
Post by: Xester on December 31, 2016, 06:12:59 AM
It is banned in and deemed illegal in some countries because it is prone to tax evasion, money laundering and it can be used in illegal and illicit activities without being known. Aside from that it is also a threat to banking system and cannot be regulated and controlled by the government.

With these reasons some countries just banned bitcoins also as a means to cmake tax collection efficient and to close any possible gateway for illegal transactions to occur.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on December 31, 2016, 06:33:02 AM
No one said it was illegal. But no one has admitted it.

You are wrong. Some countries, such as Switzerland and Singapore have legalized Bitcoin, and have even introduced laws aimed at its regulation. On the other hand, only a few countries (such as Vietnam and Iceland) have banned it explicitly.


Title: Re: Why bitcoins illegal ????
Post by: jovs on January 01, 2017, 02:17:19 AM
Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.

Although Bitcoin transactions are hard to trace, once you convert your coins to fiat it becomes easier for the government to track you (that is, unless you are exchanging for physical cash). So honesty doesn't matter.
Since you made bitcoin transactions, I don't think it would be easier for the government to track you if you exchange it for physical cash. Unless you did illegal activities and someone reported you, that is the time, government will focus on you and will find way to track you.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 01, 2017, 09:26:11 AM
Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.

Although Bitcoin transactions are hard to trace, once you convert your coins to fiat it becomes easier for the government to track you (that is, unless you are exchanging for physical cash). So honesty doesn't matter.
Since you made bitcoin transactions, I don't think it would be easier for the government to track you if you exchange it for physical cash. Unless you did illegal activities and someone reported you, that is the time, government will focus on you and will find way to track you.

Yes.. physical cash is difficult to track. But then, in order to exchange your coins for physical cash, you'll be engaging in some form of communication (emails, phone calls.etc). These communications can be tracked.


Title: Re: Why bitcoins illegal ????
Post by: jondeen707 on January 01, 2017, 10:31:56 AM
No one said it was illegal. But no one has admitted it.

You are wrong. Some countries, such as Switzerland and Singapore have legalized Bitcoin, and have even introduced laws aimed at its regulation. On the other hand, only a few countries (such as Vietnam and Iceland) have banned it explicitly.

Most of the governments have already come to terms that bitcoin is here to stay, so even if they wanted to ban it in some way they eventually though better of it. Yet there are governments that are either still getting the whole idea wrong or are just too stupid to accept the facts


Title: Re: Why bitcoins illegal ????
Post by: barbarah on January 01, 2017, 04:00:44 PM
bitcoin is not illegal but some ppl use it in criminal activity


Title: Re: Why bitcoins illegal ????
Post by: Amoson on January 01, 2017, 04:06:50 PM
Because many countries don't have yet any rules to control bitcoins.
They are cared of laundering money, terorist financing, no taxes and etc...
sooner or later, the Bitcoin will be considered as legalization.


Title: Re: Why bitcoins illegal ????
Post by: novemberwoah on January 01, 2017, 04:57:18 PM
Perhaps the main reason why bitcoin illegal in some countries because of security problems and bitcoin widely used for negative activities. Many countries declares illegal because it is less secure so it can not be legalized because it would be detrimental. In addition, many countries who were thinking bitcoin as drug dealing, money laundering, etc. It will make people more able freely to crime, so many countries are declares bitcoin illegal. Maybe it was the cause of many countries declares bitcoin illegal, ie because of the trust factor.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 02, 2017, 04:55:20 AM
No one said it was illegal. But no one has admitted it.

You are wrong. Some countries, such as Switzerland and Singapore have legalized Bitcoin, and have even introduced laws aimed at its regulation. On the other hand, only a few countries (such as Vietnam and Iceland) have banned it explicitly.

Most of the governments have already come to terms that bitcoin is here to stay, so even if they wanted to ban it in some way they eventually though better of it. Yet there are governments that are either still getting the whole idea wrong or are just too stupid to accept the facts

Can't brand them as stupid. They are not legalizing it, as Bitcoin will be difficult to control. You can't call them stupid for doing that. A few of the countries have realized the potential of Bitcoin. Good for them.


Title: Re: Why bitcoins illegal ????
Post by: GMPoison on January 02, 2017, 08:40:35 AM
Perhaps the main reason why bitcoin illegal in some countries because of security problems and bitcoin widely used for negative activities. Many countries declares illegal because it is less secure so it can not be legalized because it would be detrimental. In addition, many countries who were thinking bitcoin as drug dealing, money laundering, etc. It will make people more able freely to crime, so many countries are declares bitcoin illegal. Maybe it was the cause of many countries declares bitcoin illegal, ie because of the trust factor.

Don't forget, people fear what they don't understand.


Title: Re: Why bitcoins illegal ????
Post by: novemberwoah on January 02, 2017, 03:14:30 PM
Perhaps the main reason why bitcoin illegal in some countries because of security problems and bitcoin widely used for negative activities. Many countries declares illegal because it is less secure so it can not be legalized because it would be detrimental. In addition, many countries who were thinking bitcoin as drug dealing, money laundering, etc. It will make people more able freely to crime, so many countries are declares bitcoin illegal. Maybe it was the cause of many countries declares bitcoin illegal, ie because of the trust factor.

Don't forget, people fear what they don't understand.
I guess it was not included. Because if bitcoin is legal or illegal is automatically definitely people, especially the government will know about bitcoin so they can declare bitcoin is legal or illegal. So I think the fear of what is not understood is not included in one of the factors why bitcoin be illegal.


Title: Re: Why bitcoins illegal ????
Post by: jhony99 on January 02, 2017, 05:41:08 PM
i think bitcoin is not illegal,,but some ppl use it in illegal,criminal activities >:(


Title: Re: Why bitcoins illegal ????
Post by: phieiph on January 12, 2017, 06:44:31 PM
i think bitcoin is not illegal,,but some ppl use it in illegal,criminal activities >:(
If the government of a country, and the police will suspect that some crimes are using bitcoin, it is a very bad way to be displayed on cryptocurrency.


Title: Re: Why bitcoins illegal ????
Post by: salemon on January 12, 2017, 06:59:25 PM
Recently read a very important information, but do not know how to treat it. Good or bad. Bitcoin interested business leaders. And I think that it is only because of the fact that invest their money in bitcoin and thus hide their income.


Title: Re: Why bitcoins illegal ????
Post by: Holly-Dolly on January 12, 2017, 07:19:15 PM
Perhaps the main reason why bitcoin illegal in some countries because of security problems and bitcoin widely used for negative activities. Many countries declares illegal because it is less secure so it can not be legalized because it would be detrimental. In addition, many countries who were thinking bitcoin as drug dealing, money laundering, etc. It will make people more able freely to crime, so many countries are declares bitcoin illegal. Maybe it was the cause of many countries declares bitcoin illegal, ie because of the trust factor.

Don't forget, people fear what they don't understand.
There were several court decisions worldwide where featured Bitcoin as payment for drugs. Thus using bitcoin can pay for all criminal transactions. But the court did not find evidence against bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: Orion25 on January 12, 2017, 07:33:42 PM
An interesting question is why some governments refuse to accept bitcoin currency. And the answer is a very idle, it's illegal income citizens, which is nowhere to be fixed. Thus citizens evade taxes. So the answer is simple.


Title: Re: Why bitcoins illegal ????
Post by: farl2web on January 12, 2017, 07:51:59 PM
An interesting question is why some governments refuse to accept bitcoin currency. And the answer is a very idle, it's illegal income citizens, which is nowhere to be fixed. Thus citizens evade taxes. So the answer is simple.
If it is massive, the Government may be interested in bitcoin, and I do not think that it will benefit cryptocurrency. Although they were always looking for, and will be looking for how to make users and their revenues controlled.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 13, 2017, 05:37:03 AM
An interesting question is why some governments refuse to accept bitcoin currency. And the answer is a very idle, it's illegal income citizens, which is nowhere to be fixed. Thus citizens evade taxes. So the answer is simple.

Could you define the term illegal income?

IMO, illegal income is profiting from illegal activities such as the sale of banned narcotics and unauthorized firearms. If we earn Bitcoins from legal activities such as trading, then it can't be termed as illegal income.


Title: Re: Why bitcoins illegal ????
Post by: bitcoinboy12 on January 13, 2017, 01:26:00 PM
An interesting question is why some governments refuse to accept bitcoin currency. And the answer is a very idle, it's illegal income citizens, which is nowhere to be fixed. Thus citizens evade taxes. So the answer is simple.

Could you define the term illegal income?

IMO, illegal income is profiting from illegal activities such as the sale of banned narcotics and unauthorized firearms. If we earn Bitcoins from legal activities such as trading, then it can't be termed as illegal income.

One context of illegal income is one where it can't be charged with tax accordingly. Illegal in a sense that it is not "legal" and "acknowledged" in that country.


Title: Re: Why bitcoins illegal ????
Post by: Terpercaya on January 13, 2017, 02:39:34 PM
bitcoin is a trading media out of goverment controll, maybe they kinda have worries about it. even some peoples use it to buy some stuffs illegally. i think some goverments have to splay their theirselves into internet deeper, in order to avoid those misconception


Title: Re: Why bitcoins illegal ????
Post by: hexitor on January 13, 2017, 06:37:49 PM
I think that the bitcoin is considered illegal because it is government of the countries that it wants to put his in the head of people because they are afraid of the fame of the bitcoins and that their money depreciate in the face of this virtual money.


Title: Re: Why bitcoins illegal ????
Post by: cramcram21 on January 13, 2017, 06:49:45 PM
maybe because our government cant take control on it and it does not have  tax,
and it's anonymity other's could buy something in the black market and the terrorist could use it against them,
and also other's use it to earn online and they don't have to pay some tax


Title: Re: Why bitcoins illegal ????
Post by: (altair) on January 13, 2017, 06:55:59 PM
anonymity,tax evasion and the government can't control it maybe that's just the reasons that I see why bitcoin is considered illegal,
I think that we are all aware that bitcoin is being used in the dark net to buy some illegal stuff and to pay for what ever they want


Title: Re: Why bitcoins illegal ????
Post by: Choy13 on January 14, 2017, 12:23:33 AM
Becaue goverment does'nt see the positive outcome of bitcoin yet. And besides for that they know that they are not capable for controlling bitcoin money.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 14, 2017, 01:47:50 PM
Becaue goverment does'nt see the positive outcome of bitcoin yet. And besides for that they know that they are not capable for controlling bitcoin money.

That is unfortunate, because the usage of Bitcoin can result in a lot of positive things, especially in the third world nations. Remittance is one of the sectors in which Bitcoin can do wonders. Imagine the third world workers paying just 0.1% or 0.2% to send their remittance payments, instead of the usual 10% or 15%.


Title: Re: Why bitcoins illegal ????
Post by: ooom on January 14, 2017, 02:01:09 PM
Becaue goverment does'nt see the positive outcome of bitcoin yet. And besides for that they know that they are not capable for controlling bitcoin money.

Governments are made from people and people tend to corrupt. As there will be money and government there will be a constant corruption, manipulation and scamming of society by powers above society.

Bitcoin gives society a freedom from people corruption in government.

And we will never have a government without corruption until money exist.


Title: Re: Why bitcoins illegal ????
Post by: noel2123 on January 15, 2017, 01:25:44 PM
It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal


Title: Re: Why bitcoins illegal ????
Post by: gabmen on January 15, 2017, 02:02:50 PM
It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal

I'm really not sure as well what "illegal" means here as I haven't yet heard of any country banning the use of bitcoin, or cryptocurrencies in general. Yes it is widely used in online gambling and casinos which is illegal in some countries, but the use of crypto isn't confined to that only. There are other use bitcoins that would make it easier for online transactions over long distances like for money transfers and online payments.


Title: Re: Why bitcoins illegal ????
Post by: margarete11 on January 16, 2017, 12:44:05 AM
I am really not aware to some countries banning bitcoin but as long as I am concerned I think It's because of its illegal application that   results to Illegal actions Like buying Drugs , pornography and many othere Illegal activities that requires payment , It's because bitcoin stays anonymous and can't track the user behind that address/transaction.


Title: Re: Why bitcoins illegal ????
Post by: noel2123 on January 16, 2017, 12:59:02 AM
It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal

I'm really not sure as well what "illegal" means here as I haven't yet heard of any country banning the use of bitcoin, or cryptocurrencies in general. Yes it is widely used in online gambling and casinos which is illegal in some countries, but the use of crypto isn't confined to that only. There are other use bitcoins that would make it easier for online transactions over long distances like for money transfers and online payments.

They say that kind of "Illegal" in their own minds. It can be "Illegal" because of the use of virtual money in gambling and casinos. There are other use of bitcoins, like money transfers, yet, we cannot assure or it can be legal for others who do not know where does the bitcoin came from. So some countries cannot trust bitcoin, because of securities, and can depreciate money or can make their own money.


Title: Re: Why bitcoins illegal ????
Post by: loreykyutt05 on January 16, 2017, 01:04:47 AM
I am really not aware to some countries banning bitcoin but as long as I am concerned I think It's because of its illegal application that   results to Illegal actions Like buying Drugs , pornography and many othere Illegal activities that requires payment , It's because bitcoin stays anonymous and can't track the user behind that address/transaction.

Yes, we cannot track bitcoin address/transactions, we cannot see where our "Virtual Money" will go, what if there are illegal transactions? What if hackers do illegal transactions? We cannot track their transactions, can do some illegal activities like hacking bitcoin accounts, and do some illegal things that involve money.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 16, 2017, 03:36:36 AM
They say that kind of "Illegal" in their own minds. It can be "Illegal" because of the use of virtual money in gambling and casinos.

In that case, gambling can be termed as illegal, and not Bitcoins. Online gambling is prohibited in most of the countries, and in some countries it is a criminal offense. But then, even credit cards and PayPal can be used for online gambling.


Title: Re: Why bitcoins illegal ????
Post by: blakegrr on January 25, 2017, 03:20:25 AM
It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal

I'm really not sure as well what "illegal" means here as I haven't yet heard of any country banning the use of bitcoin, or cryptocurrencies in general. Yes it is widely used in online gambling and casinos which is illegal in some countries, but the use of crypto isn't confined to that only. There are other use bitcoins that would make it easier for online transactions over long distances like for money transfers and online payments.

They say that kind of "Illegal" in their own minds. It can be "Illegal" because of the use of virtual money in gambling and casinos. There are other use of bitcoins, like money transfers, yet, we cannot assure or it can be legal for others who do not know where does the bitcoin came from. So some countries cannot trust bitcoin, because of securities, and can depreciate money or can make their own money.

for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 25, 2017, 04:03:52 AM
for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Some third world countries have banned Bitcoin. Vietnam is a perfect example. They don't understand the technology behind Bitcoin, and therefore they don't know about the advantages which Bitcoin offers. 


Title: Re: Why bitcoins illegal ????
Post by: coszy on January 28, 2017, 07:33:57 AM
The first step is to ban bitcoin opponents cryptocurrency looking for reasons. And the first thing to which they pay attention to it on the illegal use of bitcoin. This should be avoided if we hotit good future for cryptocurrency.


Title: Re: Why bitcoins illegal ????
Post by: olushakes on January 28, 2017, 05:42:38 PM
The answer to why bitcoin is illegal is because it has not be legalised by those countries you are making reference to. For countries that are quiet, its then assumed to be illegal since it's not legal and to those who are outrightly saying it is, they have their reasons but I am sure its not unconnected to the fact that they are unable to control the flow bitcoin transactions.


Title: Re: Why bitcoins illegal ????
Post by: Winter1986 on January 28, 2017, 05:46:24 PM
You can not mix with products that bitcoin is against the law. These are the same drugs or weapons. In one of the States has been litigation over payment for drugs via bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: lilit on January 28, 2017, 06:16:47 PM
The answer to why bitcoin is illegal is because it has not be legalised by those countries you are making reference to. For countries that are quiet, its then assumed to be illegal since it's not legal and to those who are outrightly saying it is, they have their reasons but I am sure its not unconnected to the fact that they are unable to control the flow bitcoin transactions.
Already, many countries are trying to start controlling financial transactions bitcoin its citizens. But this can not yet do. But if you trace and link criminal activities and money transfers via cryptocurrency it is very bad.


Title: Re: Why bitcoins illegal ????
Post by: wutard on January 28, 2017, 06:32:46 PM
Charge users in a variety of possible fraud has a specific purpose, but what people do not use bitcoin clean at hand, it has already been proved. It is necessary to clean its ranks.


Title: Re: Why bitcoins illegal ????
Post by: Rastaman2016 on January 28, 2017, 07:08:59 PM
for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Some third world countries have banned Bitcoin. Vietnam is a perfect example. They don't understand the technology behind Bitcoin, and therefore they don't know about the advantages which Bitcoin offers. 
You do not even need to be engaged in illegal activities, and if the country or the government conceived to punish for non-payment of tax, the user bitcoin is outlawed and punished. It is illegal bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: davids on January 28, 2017, 07:22:53 PM
in some country there are no laws to use of bitcoin transactions and government can't control  it


Title: Re: Why bitcoins illegal ????
Post by: the rise on January 29, 2017, 02:47:07 AM
The best answer is the government is not ready to formalize bitcoin, they still worry that bitcoin could disrupt the circulation of fiat.

Why could disrupt fiat currencies?

Because legalized something must have accurate data and details of its users. If this can't be resolved, majority of people will move to bitcoin, and enthusiasts fiat is much reduced. It would be a national disaster. Anonymity is very taboo for a country, because it means the state can't keep track of all activities.

There are only two options for thgovernment:

- Think hard to mastering bitcoin technology (in collaboration with blockchain / create own crypto technology such as Japanese)

- Don't care about bitcoin

We see that China is still a problem with bitcoin until now.


Title: Re: Why bitcoins illegal ????
Post by: gabmen on January 29, 2017, 05:06:06 AM
in some country there are no laws to use of bitcoin transactions and government can't control  it

I think its not just some countries though. Most countries i think are overlooking bitcoin and are not yet at the point where they want to legalize or ban btc. I'm sure governments are awaren of it but i think it not affecting their markets that much thatbit needs a lot of attention


Title: Re: Why bitcoins illegal ????
Post by: royalfestus on January 29, 2017, 05:43:36 AM
in some country there are no laws to use of bitcoin transactions and government can't control  it
Bitcoin is not illegal in some context but for it to used without fear of legal punishment, it will needs some legal binding. Most illegal use are on anonymous browsers, through darknet sites and purchase illegal goods such as guns, drugs etc. Such portray the bad use and if such transactions are caught they should be punished.


Title: Re: Why bitcoins illegal ????
Post by: RhodaGila on January 29, 2017, 06:01:15 AM
Bitcoin illegal only from the state government rules only, proof of Bitcoin could be used in the countries that indeed such rules. Bitcoin is not shaped the same as conventional money is there, therefore no one will be able to stop Bitcoin for use during the country's still no internet connection.
The government with the rules is not wrong to issue a policy like that, maybe they are worried because Bitcoin yet familiar and still many people who still do not know and understand Bitcoin is also a way to use it.


Title: Re: Why bitcoins illegal ????
Post by: Edraket31 on January 29, 2017, 06:11:11 AM
in some country there are no laws to use of bitcoin transactions and government can't control  it

I think its not just some countries though. Most countries i think are overlooking bitcoin and are not yet at the point where they want to legalize or ban btc. I'm sure governments are awaren of it but i think it not affecting their markets that much thatbit needs a lot of attention
That is the main reason the government can't control bitcoin transaction, they don't still know how to hold those things that is why some countries just banned it. Other countries like here in our country allows bitcoin although not yet legal but they are studying it now on how to legalize this matter. I am glad that my country is open minded with this matter.


Title: Re: Why bitcoins illegal ????
Post by: novemberwoah on January 29, 2017, 08:00:20 AM
Bitcoin illegal only from the state government rules only, proof of Bitcoin could be used in the countries that indeed such rules. Bitcoin is not shaped the same as conventional money is there, therefore no one will be able to stop Bitcoin for use during the country's still no internet connection.
The government with the rules is not wrong to issue a policy like that, maybe they are worried because Bitcoin yet familiar and still many people who still do not know and understand Bitcoin is also a way to use it.
Regulations in some countries is actually not a whole bitcoin use regulations, but the use bitcoin as legal tender. So bitcoin can still be used but is limited and only for certain things in my opinion. And you are right that many government issued a policy that's because bitcoin is still questionable in terms of security and profit. But I'm sure sooner or later bitcoin will begin to attract many countries to start using it.


Title: Re: Why bitcoins illegal ????
Post by: E-shipper on January 29, 2017, 10:18:24 AM
in some country there are no laws to use of bitcoin transactions and government can't control  it

I think its not just some countries though. Most countries i think are overlooking bitcoin and are not yet at the point where they want to legalize or ban btc. I'm sure governments are awaren of it but i think it not affecting their markets that much thatbit needs a lot of attention
That is the main reason the government can't control bitcoin transaction, they don't still know how to hold those things that is why some countries just banned it. Other countries like here in our country allows bitcoin although not yet legal but they are studying it now on how to legalize this matter. I am glad that my country is open minded with this matter.
I doubt that ever country in the world recognizes the cryptocurrency. I don't see any sense in it. In any country there is a national Bank that regulates the monetary policy of the state. Why lose this control?


Title: Re: Why bitcoins illegal ????
Post by: jovs on January 29, 2017, 01:17:16 PM
in some country there are no laws to use of bitcoin transactions and government can't control  it

I think its not just some countries though. Most countries i think are overlooking bitcoin and are not yet at the point where they want to legalize or ban btc. I'm sure governments are awaren of it but i think it not affecting their markets that much thatbit needs a lot of attention
That is the main reason the government can't control bitcoin transaction, they don't still know how to hold those things that is why some countries just banned it. Other countries like here in our country allows bitcoin although not yet legal but they are studying it now on how to legalize this matter. I am glad that my country is open minded with this matter.
I doubt that ever country in the world recognizes the cryptocurrency. I don't see any sense in it. In any country there is a national Bank that regulates the monetary policy of the state. Why lose this control?
Government insist to present the bitcoin as they can't get any tax from it unlike in the foreign exchange, they collect tax from the online wallet like paypal, neteller, and etc. As time goes by, bitcoin shall be recoginize as the most reliable transaction method online. Goevernment's abused in giving tax for transaction must be stopped. Bitcoin, will set us free from that, bitcoin should be recognized by all of people.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 29, 2017, 01:56:34 PM
for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Some third world countries have banned Bitcoin. Vietnam is a perfect example. They don't understand the technology behind Bitcoin, and therefore they don't know about the advantages which Bitcoin offers. 
You do not even need to be engaged in illegal activities, and if the country or the government conceived to punish for non-payment of tax, the user bitcoin is outlawed and punished. It is illegal bitcoin.

I refuse to pay tax on my Bitcoin holdings. I have checked the website of the Income Tax Department in my country, and Bitcoin is not mentioned anywhere. It is not even given whether Bitcoin must be considered as a currency, or as an investment. Therefore, I am not going to pay the tax.


Title: Re: Why bitcoins illegal ????
Post by: noel2123 on January 29, 2017, 02:25:50 PM
for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Some third world countries have banned Bitcoin. Vietnam is a perfect example. They don't understand the technology behind Bitcoin, and therefore they don't know about the advantages which Bitcoin offers. 
You do not even need to be engaged in illegal activities, and if the country or the government conceived to punish for non-payment of tax, the user bitcoin is outlawed and punished. It is illegal bitcoin.

I refuse to pay tax on my Bitcoin holdings. I have checked the website of the Income Tax Department in my country, and Bitcoin is not mentioned anywhere. It is not even given whether Bitcoin must be considered as a currency, or as an investment. Therefore, I am not going to pay the tax.

This could not be illegal should be. Bitcoin is just a virtual money, why we should pay our taxes because of bitcoins. We think that bitcoin is illegal, but no, because bitcoin is a virtual money that created a money. We cannot consider bitcoin as be taxable money. Bitcoin value have a lot of difference on our paper money. Investors invest their altcoin through paper money.


Title: Re: Why bitcoins illegal ????
Post by: Text on January 29, 2017, 02:44:00 PM
Some people thinks bitcoin is illegal because it is use in buying drugs and connected to black market just simple as that. So we should not follow what they are doing because that is very bad even knowing we have the freedom on how to use our coins which is wrong.


Title: Re: Why bitcoins illegal ????
Post by: audaciousbeing on January 29, 2017, 06:02:57 PM
The issue of illegality of bitcoin is mostly out of ignorance to some people especially in countries where government has not taken a position concerning bitcoin backed with a particular law. And the reason why people chose such position is because of not only the negative tings that bitcoin is being used for which no one can do but the fact that they cannot be traced by regulatory agencies which is one step ahead that fiat has gotten.


Title: Re: Why bitcoins illegal ????
Post by: darkangel11 on January 29, 2017, 11:04:05 PM
Some people thinks bitcoin is illegal because it is use in buying drugs and connected to black market just simple as that. So we should not follow what they are doing because that is very bad even knowing we have the freedom on how to use our coins which is wrong.
That's a stupid reasoning. When someone uses a currency to buy something illegal, whose fault is that? The currency's? ;D
It's always the fault of the seller, he procured the illegal goods and offered them for sale. If something is illegal it's the role of the authorities to track the sale and confiscate the goods to take it off the market. What currency is being used is not the problem here, they could even be trading drugs for cinema tickets.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on January 30, 2017, 03:47:44 AM
That's a stupid reasoning. When someone uses a currency to buy something illegal, whose fault is that? The currency's? ;D
It's always the fault of the seller, he procured the illegal goods and offered them for sale. If something is illegal it's the role of the authorities to track the sale and confiscate the goods to take it off the market. What currency is being used is not the problem here, they could even be trading drugs for cinema tickets.

Exactly. Take the trade of illegal drugs for example. Only a very small part is conducted online. More than 90% of the drug trade is done using physical cash. But I have never heard anyone advocating to ban the physical cash, as it encourages drug trade.


Title: Re: Why bitcoins illegal ????
Post by: t2yax on January 30, 2017, 05:21:05 AM
That's a stupid reasoning. When someone uses a currency to buy something illegal, whose fault is that? The currency's? ;D
It's always the fault of the seller, he procured the illegal goods and offered them for sale. If something is illegal it's the role of the authorities to track the sale and confiscate the goods to take it off the market. What currency is being used is not the problem here, they could even be trading drugs for cinema tickets.

Exactly. Take the trade of illegal drugs for example. Only a very small part is conducted online. More than 90% of the drug trade is done using physical cash. But I have never heard anyone advocating to ban the physical cash, as it encourages drug trade.

We should consider this kind of transaction, what if drug trades transaction will be on its virtual money. Conducting transactions online cannot determine by authorities. We think that, if bitcoin would be legal, banks and local governments cannot conduct investigation or cannot track the trades or the transaction, unless, bitcoin can make that kind of security


Title: Re: Why bitcoins illegal ????
Post by: shutupanubis on January 30, 2017, 05:48:41 AM
cause government is not modernized enough to welcome this evolutionary way of exchange. Morever they can't control or regulate its flow and there is no central control system. Afterall missusing this system is much easier.


Title: Re: Why bitcoins illegal ????
Post by: techgeeks8 on January 30, 2017, 07:25:07 AM
Nailed it!!


Title: Re: Why bitcoins illegal ????
Post by: noel2123 on January 30, 2017, 09:32:00 AM
cause government is not modernized enough to welcome this evolutionary way of exchange. Morever they can't control or regulate its flow and there is no central control system. Afterall missusing this system is much easier.

We cannot blame local governments, we should not blame them, because they are not aware on bitcoins. We must first introduce to them what is bitcoin, and what are the positive effects of bitcoins. We can still be part of it to promote bitcoins, we seldom acknowledge the fault that we are not promoting bitcoins. If we are collaborating bitcoins, then local governments will know what are the benefits of bitcoins.


Title: Re: Why bitcoins illegal ????
Post by: canah17 on January 30, 2017, 04:42:56 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Its because the government doesn't really support bitcoin and for that they really don't know what bitcoin is same here in my country i earn bitcoin alot but its illegal here and i just spend my bitcoin on steam and load its very sad.. :'( i don't really think that in my country will accept bitcoin because they think that bitcoin has no value to them :'(


Title: Re: Why bitcoins illegal ????
Post by: jovs on January 31, 2017, 12:17:07 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Its because the government doesn't really support bitcoin and for that they really don't know what bitcoin is same here in my country i earn bitcoin alot but its illegal here and i just spend my bitcoin on steam and load its very sad.. :'( i don't really think that in my country will accept bitcoin because they think that bitcoin has no value to them :'(
Bitcoin has a value. However, in your case, it doesn't have a value only in your country, not in gobally. Hence, you can convert it into fiat any time you want giving it a value. If you want to convert it, just sell it to other people in other country like Nigeria, so that you can be able to convert it into dollar via paypal, neteller or etc. Sooner, it'll be accepted in all countries.


Title: Re: Why bitcoins illegal ????
Post by: 00hash01 on February 10, 2017, 12:11:54 AM
Previously, all the dark trying to withdraw money in offshore areas, but when it came to an end, the big business noticed bitcoin. I think that kind of thing on the one hand use, and on the other a very dangerous game.


Title: Re: Why bitcoins illegal ????
Post by: JofryTheKing on February 10, 2017, 04:48:46 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Its because the government doesn't really support bitcoin and for that they really don't know what bitcoin is same here in my country i earn bitcoin alot but its illegal here and i just spend my bitcoin on steam and load its very sad.. :'( i don't really think that in my country will accept bitcoin because they think that bitcoin has no value to them :'(
Bitcoin has a value. However, in your case, it doesn't have a value only in your country, not in gobally. Hence, you can convert it into fiat any time you want giving it a value. If you want to convert it, just sell it to other people in other country like Nigeria, so that you can be able to convert it into dollar via paypal, neteller or etc. Sooner, it'll be accepted in all countries.
Today in some countries bitcoin legally use, and some is quietly looking at it. But there are those who have already equated with bitcoin transaction to the crime. One must be careful with these things.


Title: Re: Why bitcoins illegal ????
Post by: DrVaribo on February 10, 2017, 05:09:31 AM
All the problems arise not with bitcoin users, and governments of different countries. And it is primarily on the fact that the authorities have no control over Bitcoin and its users. Therefore, no one gives consent to the legalization of bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: jonnybravo0411 on February 10, 2017, 05:31:35 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

Its because the government doesn't really support bitcoin and for that they really don't know what bitcoin is same here in my country i earn bitcoin alot but its illegal here and i just spend my bitcoin on steam and load its very sad.. :'( i don't really think that in my country will accept bitcoin because they think that bitcoin has no value to them :'(
The thing is that in bitcoin are a lot of money, and the popularity of the temptation to use bitcoin attracts more and more people and businesses. And the result is that the state loses revenue in its budget. This is the two by two.


Title: Re: Why bitcoins illegal ????
Post by: GooCust04 on February 10, 2017, 05:48:34 AM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.


Title: Re: Why bitcoins illegal ????
Post by: alphaxgod on February 10, 2017, 11:06:30 AM
cauz its threatens normal currencys


Title: Re: Why bitcoins illegal ????
Post by: Lacander on February 10, 2017, 03:35:32 PM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on February 10, 2017, 04:37:44 PM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.


Title: Re: Why bitcoins illegal ????
Post by: 21kevin21 on February 10, 2017, 08:35:59 PM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.


Title: Re: Why bitcoins illegal ????
Post by: seven4smoke on February 16, 2017, 06:38:25 PM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.
Of course, you can buy all of bitcoin, but the only question is where? Not so well developed business in order to offer products for bitcoin. Besides cryptocurrency not everywhere it has a legal status.


Title: Re: Why bitcoins illegal ????
Post by: varyspro on February 16, 2017, 06:53:12 PM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.
Of course, you can buy all of bitcoin, but the only question is where? Not so well developed business in order to offer products for bitcoin. Besides cryptocurrency not everywhere it has a legal status.
To speak now about the future of bitcoin too soon. At the moment I can say that in this scenario bitcoin have any prospects that I can see. Especially that question of cash circulation of bitcoin is not even discussed.


Title: Re: Why bitcoins illegal ????
Post by: Spirit2016 on February 16, 2017, 07:18:30 PM
If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.
Of course, you can buy all of bitcoin, but the only question is where? Not so well developed business in order to offer products for bitcoin. Besides cryptocurrency not everywhere it has a legal status.
To speak now about the future of bitcoin too soon. At the moment I can say that in this scenario bitcoin have any prospects that I can see. Especially that question of cash circulation of bitcoin is not even discussed.
bitcoin future is quite promising. I think that the price for today although it has not a stable performance, but still its level does not drop to the critical.


Title: Re: Why bitcoins illegal ????
Post by: wizmo on February 16, 2017, 07:21:09 PM
Bitcoin itself isn't illegal but how you use it that matters the most.


Title: Re: Why bitcoins illegal ????
Post by: TicTacTic on February 16, 2017, 07:26:04 PM
Bitcoin itself isn't illegal but how you use it that matters the most.
Some countries have already taken measures for possible blocking of cryptocurrency. Until we see an active struggle with this phenomenon but this is for the reason that the speed of cryptocurrency is very small and does not pose a threat to the economy.


Title: Re: Why bitcoins illegal ????
Post by: cramcram21 on February 16, 2017, 07:34:41 PM
Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.


Title: Re: Why bitcoins illegal ????
Post by: wizmo on February 16, 2017, 07:40:33 PM
Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.


Title: Re: Why bitcoins illegal ????
Post by: tracktorr on February 16, 2017, 07:47:14 PM
Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
Possibly will but it depends on how is the demand for bitcoins. Who can predict what the rate of bitcoin will be in a year? And the demand for it. Tell me what you can buy with bitcoin what not to buy for the dollars? Besides, I don't know people who have a lot of them.


Title: Re: Why bitcoins illegal ????
Post by: mikecgna on February 16, 2017, 07:49:28 PM
Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
Bitcoin can actually exist for many years, but if they are on the black market for bitcoin sell illegal things that can very seriously hurt bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: d-trixx on February 16, 2017, 08:31:09 PM
Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
Possibly will but it depends on how is the demand for bitcoins. Who can predict what the rate of bitcoin will be in a year? And the demand for it. Tell me what you can buy with bitcoin what not to buy for the dollars? Besides, I don't know people who have a lot of them.
That's right, because the surcharges have even greater opportunities than bitcoin, although some also bitcoin can act for the asset and vehicle storage savings without state control.


Title: Re: Why bitcoins illegal ????
Post by: Owl_Fintech on February 16, 2017, 08:33:33 PM
I do not know many countries that consider Bitcoin illegal, where did you get this information? Even China, which has a very authoritarian government, does not consider Bitcoin as an illegal currency, despite imposing a series of restrictions.


Title: Re: Why bitcoins illegal ????
Post by: sourris01 on February 16, 2017, 08:57:10 PM
I do not know many countries that consider Bitcoin illegal, where did you get this information? Even China, which has a very authoritarian government, does not consider Bitcoin as an illegal currency, despite imposing a series of restrictions.
When giving examples, that countries such as Ukraine and Russia for example in different ways relate to cryptocurrency. Despite the fact that Ukraine has not officially recognized bitcoin, bitcoin some banks engaged successfully, and Russia all have imposed restrictions and thus legally.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on February 17, 2017, 05:28:49 AM
I do not know many countries that consider Bitcoin illegal, where did you get this information? Even China, which has a very authoritarian government, does not consider Bitcoin as an illegal currency, despite imposing a series of restrictions.

There are several countries around the world, where trade or even possession of Bitcoins are illegal. Examples are Thailand and Iceland. You can check the map below, to find out the legal status (green = legal, red = illegal):

http://btcgeek.com/wp-content/uploads/2014/01/Bitlegal.jpg


Title: Re: Why bitcoins illegal ????
Post by: wizmo on February 17, 2017, 09:11:37 AM
All in all bitcoins will be used by every individual for his safety and security government can't do anything about it. Bitcoin is same as torrent downloading as many countries are against the torrent but still people use it.


Title: Re: Why bitcoins illegal ????
Post by: xSplit on February 17, 2017, 12:17:40 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
Bitcoin is the only currency free from the control of banks, governments and tax collectors, the parasites don't like that you give nothing to them


Title: Re: Why bitcoins illegal ????
Post by: GameunitsSEO on February 17, 2017, 05:13:08 PM
Because Governments like to control us like zombies.

The Governments is everywhere.
It is all around us.
Even now, in this room.
You can see it when you look out your window or when you turn on your television.
You can feel it when you go to work... when you go to church... when you pay your taxes.
It is the world that has been pulled over your eyes to blind you from the truth.

That you are a slave.
Like everyone else you were born into bondage.
Into a prison that you cannot taste or see or touch.
A prison for your mind.

 ;D ;D ;D


Title: Re: Why bitcoins illegal ????
Post by: J Gambler on February 18, 2017, 02:24:29 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
The reason behind this is they don't want their economics will be encountered with bitcoin , goverments wanting to banned bitcoin for life because they believed that this coin will scam people in the end. Also goverments don't want other currency to be use on their countries.


Title: Re: Why bitcoins illegal ????
Post by: Star.Wars on February 18, 2017, 08:50:59 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.


Title: Re: Why bitcoins illegal ????
Post by: ethereumhunter on February 18, 2017, 11:59:12 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/
The reason behind this is they don't want their economics will be encountered with bitcoin , goverments wanting to banned bitcoin for life because they believed that this coin will scam people in the end. Also goverments don't want other currency to be use on their countries.

maybe its because bitcoin is not accepted by many country, i think the other reason is the government can not make profit for using bitcoin and if they want to get profit, they should make regulation for accepting bitcoin and they should make their currencies so they can push people to using their currency too.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on February 19, 2017, 06:50:33 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.


Title: Re: Why bitcoins illegal ????
Post by: Star.Wars on February 21, 2017, 11:14:13 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.

Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.


Title: Re: Why bitcoins illegal ????
Post by: Casanova18 on February 21, 2017, 11:47:38 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.

Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.
This is just one of the reasons. Another reason is that the government does not control the number of bitcoins in circulation and cannot use the issue to manage the economy of the state. Additionally, bitcoin is a direct competitor to the dollar, and who let it? But there is good news. Until they do not consider bitcoin a currency, the taxes he no need to pay.


Title: Re: Why bitcoins illegal ????
Post by: brokens on February 21, 2017, 11:55:59 AM
because bitcoin might be considered a gamble, but they do not know that bitcoin is a livelihood to make money by not gambling or stealing.


Title: Re: Why bitcoins illegal ????
Post by: Star.Wars on February 22, 2017, 08:15:13 AM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.

Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.
This is just one of the reasons. Another reason is that the government does not control the number of bitcoins in circulation and cannot use the issue to manage the economy of the state. Additionally, bitcoin is a direct competitor to the dollar, and who let it? But there is good news. Until they do not consider bitcoin a currency, the taxes he no need to pay.

But in the future I think that the states will go to a system like bitcoin. They will create a system in which Bitcoin will become centralized and controlled.
Especially the blockchain technology is being examined by the finance sector. States can do something like this because of its fast and secure nature.


Title: Re: Why bitcoins illegal ????
Post by: SCCFX on February 22, 2017, 09:09:55 AM
bitcoin not ilegal but not yet regulation


Title: Re: Why bitcoins illegal ????
Post by: bryant.coleman on February 22, 2017, 12:00:37 PM
Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.

Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.


Title: Re: Why bitcoins illegal ????
Post by: Marcus_2017 on February 22, 2017, 12:17:40 PM
Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.

Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
In any case, the 2-3% is less than to pay the taxes in full. I am sure that the government while turning a blind eye is not the use of bitcoins because the volume of use as not affect the economy. While using bitcoins is profitable only to the exchangers.


Title: Re: Why bitcoins illegal ????
Post by: Text on February 22, 2017, 12:38:47 PM
Bitcoin is not illegal in countries which it is being recognized. Government's bank is making now a move to start accepting bitcoin as a currency. We know they are interested just for the tax, on the other hand they can also help this to develop for the sake of all sectors and make it successful with their connections.


Title: Re: Why bitcoins illegal ????
Post by: ValeryBark on February 22, 2017, 12:55:56 PM
Bitcoin is not illegal in countries which it is being recognized. Government's bank is making now a move to start accepting bitcoin as a currency. We know they are interested just for the tax, on the other hand they can also help this to develop for the sake of all sectors and make it successful with their connections.
I disagree with you. In addition to taxes the government is able to manage the monetary policy of the state. This allows you to fight inflation and in time to withdraw from circulation the extra money. In addition, when recession can make the issue. How to do it with bitcoin? No States are not interested in bitcoin even if they would pay taxes.


Title: Re: Why bitcoins illegal ????
Post by: Xester on February 22, 2017, 01:19:29 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.

Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.

In the future if we can use our bitcoin without converting it to money the government will also adopt to the situation. Taxes will still be placed and taxation on cryptocurrency will also upgrade. Let us not underestimate the governments authority and resources since they are capable of many things including monitoring every transactions on your secret wallet.


Title: Re: Why bitcoins illegal ????
Post by: Kotone on February 22, 2017, 01:30:55 PM
bitcoin not ilegal but not yet regulation
If your country recognize bitcoin it will never be illegal it will be always legal specially to those users there are countries that dont recognize bitcoin where they accused bitcoin as ditigal scam investment online but here in my country they already accept bitcoin and yet we are happy earning and saving coins.


Title: Re: Why bitcoins illegal ????
Post by: Challenger2015 on February 22, 2017, 01:38:40 PM
bitcoin not ilegal but not yet regulation
If your country recognize bitcoin it will never be illegal it will be always legal specially to those users there are countries that dont recognize bitcoin where they accused bitcoin as ditigal scam investment online but here in my country they already accept bitcoin and yet we are happy earning and saving coins.
Tell me what country you live in? If it is not a secret. I have not heard that anywhere in the world to officially recognize bitcoin. It seems to me that he still has no official status currency. What Bank will officially open an account in bitcoin? Only the Internet resources that are not state facilities.


Title: Re: Why bitcoins illegal ????
Post by: Jannn on February 23, 2017, 05:54:19 AM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.


Title: Re: Why bitcoins illegal ????
Post by: bryant.coleman on February 23, 2017, 02:40:01 PM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.

In such countries, there are a variety of taxes. The exchanges have to pay corporate taxes on their profits. The users have to pay VAT on their Bitcoin purchases, and capital gains tax on their profits. The employees of the exchanges have to pay income tax on their salaries, and the company will have to pay labor tax and the social security for the employees.


Title: Re: Why bitcoins illegal ????
Post by: Pamadar on February 23, 2017, 02:42:51 PM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.


Title: Re: Why bitcoins illegal ????
Post by: Star.Wars on February 23, 2017, 07:22:06 PM
why bitcoin is still illegal in many countries of world ??? Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.

Yeah. That's why the states do not like bitcoin. Because they can not get tax from the money earned with bitcoin. Only when they are converted into cash and transferred to the bank account.

But in the future we can use bitcoin without converting it to money. Then they will not be able to follow in any way.

In the future if we can use our bitcoin without converting it to money the government will also adopt to the situation. Taxes will still be placed and taxation on cryptocurrency will also upgrade. Let us not underestimate the governments authority and resources since they are capable of many things including monitoring every transactions on your secret wallet.

They can tax when they control their bitcoin earnings. For example, a supermarket has to mention how much it sells. The arrival price of the products and the selling prices of the products are certain. He has to show his earning correctly. It has to show how much sales are done with bitcoin.
When all this information is given, he will have to pay the necessary taxes.

So someone who opens a business has to pay his tax.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on February 24, 2017, 02:17:35 AM
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.

That depends on the government. If they think that the benefits (tax revenue, reduction of crime.etc) will be more than the drawbacks (tax evasion, dark markets.etc), then they will legalize and regulate the Bitcoins.


Title: Re: Why bitcoins illegal ????
Post by: Malsetid on February 24, 2017, 12:09:41 PM
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.

That depends on the government. If they think that the benefits (tax revenue, reduction of crime.etc) will be more than the drawbacks (tax evasion, dark markets.etc), then they will legalize and regulate the Bitcoins.

Yeah i think there are already some countries in asia that's looking into and making studies on how to make bitcoin beneficial both to the government and its citizens. I've read that in the philippines, the central bank there is already finding ways to legalize bitcoin. I think we're niw in an age when digital currency would be introduced and more country would implement its use, nit just bitcoin but digital currency in general. We may have more people engaging in trading alt coins as well as investing bitcoin for long term. Btc may be illegal in some countries but as more and more people are using it, these countries may have to give in and legalize bitcoin


Title: Re: Why bitcoins illegal ????
Post by: sergeyzol on February 26, 2017, 06:43:34 AM
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.

That depends on the government. If they think that the benefits (tax revenue, reduction of crime.etc) will be more than the drawbacks (tax evasion, dark markets.etc), then they will legalize and regulate the Bitcoins.

Yeah i think there are already some countries in asia that's looking into and making studies on how to make bitcoin beneficial both to the government and its citizens. I've read that in the philippines, the central bank there is already finding ways to legalize bitcoin. I think we're niw in an age when digital currency would be introduced and more country would implement its use, nit just bitcoin but digital currency in general. We may have more people engaging in trading alt coins as well as investing bitcoin for long term. Btc may be illegal in some countries but as more and more people are using it, these countries may have to give in and legalize bitcoin
I guess if you have someone happened to legalize bitcoin, it would be a very good example for all other countries.


Title: Re: Why bitcoins illegal ????
Post by: Oppolee on February 26, 2017, 07:09:08 AM
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.

That depends on the government. If they think that the benefits (tax revenue, reduction of crime.etc) will be more than the drawbacks (tax evasion, dark markets.etc), then they will legalize and regulate the Bitcoins.
If the question of legalization of bitcoin will be very serious, the authorities will have to find ways, and users will have to pay taxes.


Title: Re: Why bitcoins illegal ????
Post by: btvlGainer on February 26, 2017, 07:35:57 AM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.
If bitcoin will be used in unlawful transactions, the major governments will be forced to either make all for the ban.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on February 26, 2017, 10:43:03 AM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.
If bitcoin will be used in unlawful transactions, the major governments will be forced to either make all for the ban.

If a majority of the coins are used for illegal transactions, then I will agree. But if just 1% or 2% of the total coins in circulation are used for illegal purposes, will you support the ban on bitcoin? It is not fair.


Title: Re: Why bitcoins illegal ????
Post by: d-trixx on March 03, 2017, 06:49:39 AM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.
If bitcoin will be used in unlawful transactions, the major governments will be forced to either make all for the ban.

If a majority of the coins are used for illegal transactions, then I will agree. But if just 1% or 2% of the total coins in circulation are used for illegal purposes, will you support the ban on bitcoin? It is not fair.
Some logic in those words is still there. The fact is that if the authorities still decide to make bitcoin legal, it will happen only when it finds the ability to control all financial transactions and that all users report their income and taxes paid. Therefore, if the users agree on legalization, we should be ready to control.


Title: Re: Why bitcoins illegal ????
Post by: tetrisbattle on March 03, 2017, 08:30:37 AM
bitcoin has no central government so any of gov department cant track the transaction so some of the contry still bann for the bitcoin use ::)


Title: Re: Why bitcoins illegal ????
Post by: MattScott on March 03, 2017, 01:21:04 PM
Even if you use Bitcoins directly (for supermarket purchases, utility bills, buying gasoline.etc), it can be taxed. The government can just ask the retail chain to impose a surcharge on the Bitcoin payments. So if you are paying with BTC, there will be a 2% or 3% surcharge, and this amount will go to the government as tax.
Interesting point dude.
Some governments and countries recognize Bitcoin but they make a regulations that they will benefit it like inputting taxes from exchanges.
that's right they are panning to put taxes with exchange so they can benefits with btc, might be much better instead of banning bitcoin we should be happy if government will place some actions to make some earnings too like taxing local exchange in our respective countries in this way adoption or recognizing bitcoin will be much possible in every nations.
If bitcoin will be used in unlawful transactions, the major governments will be forced to either make all for the ban.

If a majority of the coins are used for illegal transactions, then I will agree. But if just 1% or 2% of the total coins in circulation are used for illegal purposes, will you support the ban on bitcoin? It is not fair.
Some logic in those words is still there. The fact is that if the authorities still decide to make bitcoin legal, it will happen only when it finds the ability to control all financial transactions and that all users report their income and taxes paid. Therefore, if the users agree on legalization, we should be ready to control.
If the use of bitcoins will have to pay taxes and all transactions will lose the anonymity that bitcoin will be the same currency as everyone else. Why would it then need? I think it will be the end of bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: horace08122 on March 04, 2017, 08:27:10 PM
Just I wrote a comment to a thread where users are hoping that bitcoin will save the world. But I want to say that if bitcoin will be drawn into illegal transactions, it is very much hurt bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: tetrisbattle2 on March 10, 2017, 03:53:02 AM
in my country bitcoin is accept in some place only but government is scare about illegal activity or to cover illegal activity
sample has been proof like they use bitcoin to do drug transaction and firearm


Title: Re: Why bitcoins illegal ????
Post by: t2yax on March 10, 2017, 08:08:24 AM
in my country bitcoin is accept in some place only but government is scare about illegal activity or to cover illegal activity
sample has been proof like they use bitcoin to do drug transaction and firearm

It is good to let the government decide whether they can use the bitcoin or not. We should let them first use the bitcoins, because we cannot use them illegally. We cannot assure that bitcoin will last because it includes money, we know how important the bitcoin is. Government must implement bitcoin first, before we gonna buy or we gonna use bitcoins. Instead of using bitcoin, we should know what will be the advantages and disadvantages of it.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on March 13, 2017, 08:45:26 AM
in my country bitcoin is accept in some place only but government is scare about illegal activity or to cover illegal activity
sample has been proof like they use bitcoin to do drug transaction and firearm

The governments (especially those in the third world) don't know much about the advantages of Bitcoin. What little information they get is from the highly biased mainstream media. It is our responsibility to educate these people about Bitcoin.


Title: Re: Why bitcoins illegal ????
Post by: FlightyPouch on March 14, 2017, 02:47:59 AM
bitcoin has no central government so any of gov department cant track the transaction so some of the contry still bann for the bitcoin use ::)

It is used on some illegal activities and the Government do not know anything about it because they cant track the transactions of Bitcoin. Although some country still accept bitcoin without thinking this.
If you think of it, Bitcoin really favor the users, than the Government. Bitcoin is free and you can really do anything with it, that is freedom for you, though that is the reason why some government are minimizing the use of these digital currencies.


Title: Re: Why bitcoins illegal ????
Post by: Chin Cheng on March 14, 2017, 06:18:21 AM
bitcoin has no central government so any of gov department cant track the transaction so some of the contry still bann for the bitcoin use ::)
Bitcoin does not have a central government but everything is transparent when it comes to bitcoin as you can check each and every transaction in the blockchain. So it is basically not a untraceable currency like you think it is.Why government are not approving is a different debate altogether as they might be learning about it.


Title: Re: Why bitcoins illegal ????
Post by: linenoise on March 14, 2017, 07:01:59 AM
While not illegal here the states I do notice that even recent media reports about Bitcoin talk about it being used for illegal purposes.  Lately this seems to be the news :

Bitcoin hit a new record high
Bitcoin is a digital currency that can be used for anonymous drug purchasing.


Forget all the regular day to day stuff the bulk of bitcoin transactions account for, let's focus on the few instances of bad.


Title: Re: Why bitcoins illegal ????
Post by: Sithara007 on March 14, 2017, 09:38:22 AM
bitcoin has no central government so any of gov department cant track the transaction so some of the contry still bann for the bitcoin use ::)
Bitcoin does not have a central government but everything is transparent when it comes to bitcoin as you can check each and every transaction in the blockchain. So it is basically not a untraceable currency like you think it is.Why government are not approving is a different debate altogether as they might be learning about it.

Bitcoin may not be 100% anonymous, but it is quite difficult to trace the transactions back to a particular individual. I am not saying that it is not possible (for example a few users traced back the Sheep Marketplace thief), but it takes a lot of effort and time.


Title: Re: Why bitcoins illegal ????
Post by: numismatist on March 14, 2017, 09:45:33 AM
in my country bitcoin is accept in some place only but government is scare about illegal activity or to cover illegal activity
sample has been proof like they use bitcoin to do drug transaction and firearm
In another country they use funny money painted mostly in green, to purchase firearms in a drugstore!
Maybe the fundamental problem is hypocrisy, not currency.


Title: Re: Why bitcoins illegal ????
Post by: bitbunnni on March 14, 2017, 12:16:25 PM
It was banned, because they can not control. To prohibit such a currency is meaningless. It can not be taken or proved that it is someone's. It is also pointless to officially recognize such a currency.


Title: Re: Why bitcoins illegal ????
Post by: mastermold on March 18, 2017, 10:27:15 AM
Why is anything illegal? Normally because the government has made a law that should in principle protect the citizens or the stability of the society that they have been trusted to govern.  Moving massive economic value out of the country, has a destabilizing effect on the economy, at least in theory. And bitcoin is considered one such threat.


Title: Re: Why bitcoins illegal ????
Post by: Winter1986 on March 18, 2017, 10:38:44 AM
While not illegal here the states I do notice that even recent media reports about Bitcoin talk about it being used for illegal purposes.  Lately this seems to be the news :

Bitcoin hit a new record high
Bitcoin is a digital currency that can be used for anonymous drug purchasing.


Forget all the regular day to day stuff the bulk of bitcoin transactions account for, let's focus on the few instances of bad.
I think that buying illegal goods with the help of bitcoin, is not a reason to prohibit crypto currency. Drugs and dollars are buying, but the dollar today is very well in the currency market.