Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Is it better to borrow cash using BTC as collateral, or just to sell BTC?
In terms of the taxes in the US.
Selling makes income, income have to be declared and paid taxes of it.
Borrowing means no income = no taxes.
Is it right?
Thanks for answering.

I'm not clear on this one point.  If somebody got a hold of my private key and moved funds from an address that I claimed on the ledger, is that against the law?  At what point could that be considered a crime?  For example, if they hacked into my machine and stolen the private key; if they sniped the pk while snooping on a public access connection; brute forced the pk into existence; or just plane snapped a shot of my qr code over my shoulder....ect  In which of those examples could I pursue prosecution for the theft of my coin?  

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.

Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .


Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

Hi everyone,

I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.

Hello,
I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?

Thanks.

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

The legality of bitcoin depends on who you are, and what you’re doing with it.

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.

I am from India and bitcoin is not illegal here nor it is regulated.Reserve Bank,the central bank,says it is still watching bitcoin revolution www.indiabitcoin.com/reserve-bank-of-india-governor-raghuram-rajan-speaks-about-bitcoin/ .
My question is if I create a cryptocurruncy (Some new Alt coin),will I be doing something illegal? Can I be put behind bars for creating a parallel currency,if it gets widely accepted?

Bitcoin Unlimited does not increase the number of coins.
Under this new client, there will only be 21 million coins. The reason why it is
called unlimited is because it allows the potential to create a block that has more
transactions in it. Current protocol has a limit of 1MB. This new client can be 1MB
to unlimited, if the network participants wish it to be so. Bitcoin Unlimited does not
increase coin supply.

Also, this thread was posted in the wrong section. Please move this to "Bitcoin
Discussion" or "Beginner Section". On the bottom left of your thread, there is move
button where you can move your thread to those sections. This is the Legal Section
and your question does not pose any legal aspect.

Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.

However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.

For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes. 

I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.

Thanks for reading.

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal

Quite curious if this has been the case. Obviously I'm hoping it haven't been the case.

Hello  
Who can fairly briefly and intelligibly, explain how the bitcoin was born and how was its network launched?

I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.

What do you think guys?

As it seems that more and more when do I get rich, when do I sell and o shit we are going to crash topics pops out....maybe its not so a bad ideee to read something else.

In the first time since ever, you got the chance to have financial freedom and the power to break the invisible chain of slavery that you carry.

No war:
As your shitty gov cant put you, your soon and your unborn grandson in debt and pay the guns. You even don’t need to go demonstrating that your again the war, you just simply say: I dont give my bitcoin for your war!

Play even:
Gov A cant sanction Gov B just because Gov B people believes in another imaginary friend high in the sky. You cant block a bitcoin transaction.

No shady big corporates:
You just dont lend them your bitcoin as banks do with your funds.

I am sure you can think about 100000000001 more other good think that can be done.

Bitcoin was not made to make you rich, its was created to make you free

They say: If dying for your freedom is not worth it, what does it?
Well I say: If spending 10% of your income dont worth your financial freedom, what does it?

Let say you got 1000USD a month, convert just 100USD every month in bitcoin and spend it where ever you can. Just buy things using your bitcoin. Spend it, not sell it for fiat. Dont nag about high fees, (its not high anymore and just use segwit address, use android samurai wallet). Bitcoin gives the same advantage to some pour guy in a 3rd world as it give to wall street boys. You dont need to help unicef use bitcoin and you are directly helping the whole world at once, including your self. Use it, spend it, dont hodl or sell. Use it for what it is supposed to.

Bitcoin isnt a store of value or get rich thing.

Bitcoin is freedom
Bitcon is no more war
Bitcoin is no more debt
Bitcoin is you in power!