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Author Topic: Bitcoin legitimate or illegal?  (Read 1878 times)
Decimation
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November 17, 2017, 06:05:26 PM
 #141

The only time it is illegal is if someone uses it illegally. Same goes for any currency. You sell drugs and gain money, it will be taken away.
ThunderCatSteve
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November 24, 2017, 10:41:45 AM
 #142

bitcoin in other country is legit they used bitcoin for paying bills, shopping etc. they used bitcoin for buying anything.
but some other country did not accept bitcoin and no tax so they think its illegal.

It is different for different countries. Some county accept Bitcoin as legal currency and people use it without​hesitation. But some county don't allow it as legal currency. It doesn't depend on the government.
In most countries, bitcoin mining is legal. Of course, there are legal ways to mine bitcoin, which generally means using your own resources, such as electricity and processing power. On the other hand, there are illegal ways to mine bitcoin, such as stealing said resources.

In this case, mining bitcoins is legal, but you’re stealing the resources needed to mine them, which is illegal. So it totally depend on the person who mine bitcoin.
paaatrisya
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November 24, 2017, 01:45:21 PM
 #143

Some believe Bitcoin is truly a legitimate currency, ... website, which illegally sold drugs
BitcoinCommodor
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November 24, 2017, 02:02:21 PM
 #144

bitcoin in other country is legit they used bitcoin for paying bills, shopping etc. they used bitcoin for buying anything.
but some other country did not accept bitcoin and no tax so they think its illegal.

It is different for different countries. Some county accept Bitcoin as legal currency and people use it without​hesitation. But some county don't allow it as legal currency. It doesn't depend on the government.
Every government is having its own policy about bitcoin, and is dealing and treating it differently. Some are very kind to it and other are very harsh t it. Some governments blame bitcoin for the mentality of their mass, crimes also exists in those countries where the bitcoin is ban or illegal so we should approach bitcoin positively and do not use its quality negatively
Kelvinid
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November 24, 2017, 02:07:48 PM
 #145

The only time it is illegal is if someone uses it illegally. Same goes for any currency. You sell drugs and gain money, it will be taken away.
Very well said.What is legal to a man's eye and the law may become illegal to the law the moment he uses it not in a righteous way.Same goes with bitcoin too.It is considered legal even some of the countries are still not adapting it yet.And i'm proud to say that without bitcoin,i can never be satisfied with all my wants and needs.
Naoko
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November 24, 2017, 06:52:05 PM
 #146

I agree with the previous comment...everything is possible to turn into lawlessnes...any charity and even the help to children...so it all depends on the people who use it...
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