Is Bitcoin Legal?

[ahmedjamal1998]

I can't understand why are they banning it ? 

It's just meaningless 

[1714172663]

1714172663

[ahmedjamal1998]

Legality is always associated with a valid personal data,because legality is LAW.



ID bitcoin maybe can be alternatif to make bitcoin legal,users must give their valid personal data to get ID bitcoin.
and ID bitcoin can used like ID Card/ATM Card,.... what do you think..??

But in this way Bitcoin will lose it's main feature which is "privacy" and "decentralization" as getting an ID is just like normal paypal and stuff so I strongly say NO

[Kanine Awe]

What's the reason that most countries are against it?   How actively is the laws forbidding bitcoin enforced?

[rudolfaxl]

But in this way Bitcoin will lose it's main feature which is "privacy" and "decentralization" as getting an ID is just like normal paypal and stuff so I strongly say NO

ID bitcoin for identity bitcoin wallet address, and bitcoin can kept "decentralization".

An identity document (also called a piece of identification or ID) is any legal document which may be used to verify aspects of a personal identity (ID is basic LAW to all countries)..so I think that's can help Bitcoin accepted to all countries without resistance...??, this can be great technology if ID bitcoin can compliment with the #blockchain BITCOIN

[DevOfDev]

https://i.imgur.com/fuvWAPB.jpg?1
Check out this cool interactive map covering Bitcoin legal status globally. I don't think I have seen something like this anywhere.

What the future holds for the world where utmost people?s and companies? interests clash daily, the time will only show.

You?re welcome to a full and comprehensive guide to the legal status of Bitcoin throughout the world with a unique interactive
map providing access to a visual history of cryptocurrency regulation.

Not Legal but we can use it for free not must pay Tax
that better than use cash we must pay Tax forsome transaction

[TinEye]

What's the reason that most countries are against it?   How actively is the laws forbidding bitcoin enforced?

one reason could be, because they cannot control it or because they can't retrieve taxes from it, they know that it is an hard work to go through all the addresses to track someone, they other reasons concerning child porn and criminal activity are a bit hypocritical, when their cash can be used for the same things, and even in a worse way

[zeraTunerse]

Legality is always associated with a valid personal data,because legality is LAW.



ID bitcoin maybe can be alternatif to make bitcoin legal,users must give their valid personal data to get ID bitcoin.
and ID bitcoin can used like ID Card/ATM Card,.... what do you think..??

But in this way Bitcoin will lose it's main feature which is "privacy" and "decentralization" as getting an ID is just like normal paypal and stuff so I strongly say NO

Yes if bitcoin has Id then it would definitely loose its shine and attractiveness. So I don't think its an good idea to have a ID as there won't be any difference in other mode of payments and bitcoins and people prefer bitcoins mainly because of the privacy clause attached to it.

[rudolfaxl]

Yes if bitcoin has Id then it would definitely loose its shine and attractiveness. So I don't think its an good idea to have a ID as there won't be any difference in other mode of payments and bitcoins and people prefer bitcoins mainly because of the privacy clause attached to it.

I think ID bitcoin as a simple alternatif to make Bitcoin become a legal payment,we only need Identity of bitcoin wallet address.
What are the benefits of ID Bitcoin??simplify to remember bitcoin wallet address and don't change "decentralization of bitcoin" (it's different with paypal,payza...or other's). BITCOIN is BITCOIN...BITCOIN is'nt PAYPAL!!!

We must remember if bitcoin trade with many legal currency,....so we must think about this???what future of bitcoin if bitcoin don't have legality??bitcoin will have more and more resistance..and that's to bad for Bitcoin  

I predict..if bitcoin become a legal payment,price of bitcoin will increase, and our dream about 1 BTC = $10.000 will come true !!!
Anyone can explain this : (bitcoin price) from $0 to---->> $1 and then to --->> $1300 and now --->> $223..??
Legality is urgent for Bitcoin.

[hugabase]

OK.Listen up ; This idea is good,card looks good and the name with id is very good, Third party can use this as a big business with bitcoin.
btw, legality of bitcoin is a necessary condition for bitcoin. Bitcoin must legal,because bitcoin is good alt payment.

[erikalui]

Bitcoin is not a legalized currency today but it's not illegal too. It's a currency that is not regulated and hence it can be misused for money laundering and illegal purposes which is the main reason it won't get legalized anytime soon. (I suppose) One needs to have a license while trading in bitcoins but I doubt anyone does have a license except those who run exchanges.

[operrajunk74]

What's the reason that most countries are against it?   How actively is the laws forbidding bitcoin enforced?

one reason could be, because they cannot control it or because they can't retrieve taxes from it, they know that it is an hard work to go through all the addresses to track someone, they other reasons concerning child porn and criminal activity are a bit hypocritical, when their cash can be used for the same things, and even in a worse way

The countries are against it because it is decentralised and they don't have control over it and this I am talking about the governments of different countries who are aware that value of bitcoin will go higher in the coming years so they are waiting for the right time so that they can impose taxes on the companies who are using bitcoins.

[gripflierGO]

What's the reason that most countries are against it?   How actively is the laws forbidding bitcoin enforced?

one reason could be, because they cannot control it or because they can't retrieve taxes from it, they know that it is an hard work to go through all the addresses to track someone, they other reasons concerning child porn and criminal activity are a bit hypocritical, when their cash can be used for the same things, and even in a worse way

The countries are against it because it is decentralised and they don't have control over it and this I am talking about the governments of different countries who are aware that value of bitcoin will go higher in the coming years so they are waiting for the right time so that they can impose taxes on the companies who are using bitcoins.

You cannot afford to trust the government as they are very much involved in their Bread N n Butter and what they want is only the benefits for themselves they will never care about society who are paying taxes out of their hard earned money and government is doing nothing for them.

[Gultahin]

in some countries it is legal, but till now i havent seen any country flagging bitcoin as illegal.
government can only make it hard to use bitcoins but can stop us to use bitcoins.
so if they even make it illegal there is nothing they can do to stop a bitcoin transaction !!
 

[btc-facebook]

Legality is always associated with a valid personal data,because legality is LAW.


ID bitcoin maybe can be alternatif to make bitcoin legal,users must give their valid personal data to get ID bitcoin.
and ID bitcoin can used like ID Card/ATM Card,.... what do you think..??

Eventhough it cointains personal information, if goverment never make any policy against bitcoin then it's legal ,vice versa

in some countries it is legal, but till now i havent seen any country flagging bitcoin as illegal.
government can only make it hard to use bitcoins but can stop us to use bitcoins.
so if they even make it illegal there is nothing they can do to stop a bitcoin transaction !!
 

It means bitcoin user will take a risk for his/her bitcoin because goverment can't help for bitcoin stuff

[torrentheaven]

Legality is always associated with a valid personal data,because legality is LAW.


ID bitcoin maybe can be alternatif to make bitcoin legal,users must give their valid personal data to get ID bitcoin.
and ID bitcoin can used like ID Card/ATM Card,.... what do you think..??

Eventhough it cointains personal information, if goverment never make any policy against bitcoin then it's legal ,vice versa

in some countries it is legal, but till now i havent seen any country flagging bitcoin as illegal.
government can only make it hard to use bitcoins but can stop us to use bitcoins.
so if they even make it illegal there is nothing they can do to stop a bitcoin transaction !!
 

It means bitcoin user will take a risk for his/her bitcoin because goverment can't help for bitcoin stuff

Lol History says itself the ordinary guy has to take a risk in any way as he knows he will never get a support from the government or the society as he is just an ordinary person but and as a ordinary person we are forced to take a risk as we are aware that no government will support us and the government will always think that bitcoin is illegal as they are not earning at all out of it once they see their profits out of it they will start supporting the bitcoins 

[stromma44]

Legality is always associated with a valid personal data,because legality is LAW.



ID bitcoin maybe can be alternatif to make bitcoin legal,users must give their valid personal data to get ID bitcoin.
and ID bitcoin can used like ID Card/ATM Card,.... what do you think..??

But in this way Bitcoin will lose it's main feature which is "privacy" and "decentralization" as getting an ID is just like normal paypal and stuff so I strongly say NO

Yes if bitcoin has Id then it would definitely loose its shine and attractiveness. So I don't think its an good idea to have a ID as there won't be any difference in other mode of payments and bitcoins and people prefer bitcoins mainly because of the privacy clause attached to it.

If it has ID no one will use bitcoin. People are using it and finding it attractive as it is decentralised and that is the USP of bitcoin and if once it is lost then bitcoin would be just on paper. So it is better to use it as we are using it right now and we don't need any ID for bitcoin or else it will loose its shine.

[hunnaryb]

Legality is always associated with a valid personal data,because legality is LAW.



ID bitcoin maybe can be alternatif to make bitcoin legal,users must give their valid personal data to get ID bitcoin.
and ID bitcoin can used like ID Card/ATM Card,.... what do you think..??

But in this way Bitcoin will lose it's main feature which is "privacy" and "decentralization" as getting an ID is just like normal paypal and stuff so I strongly say NO

Yes if bitcoin has Id then it would definitely loose its shine and attractiveness. So I don't think its an good idea to have a ID as there won't be any difference in other mode of payments and bitcoins and people prefer bitcoins mainly because of the privacy clause attached to it.

If it has ID no one will use bitcoin. People are using it and finding it attractive as it is decentralised and that is the USP of bitcoin and if once it is lost then bitcoin would be just on paper. So it is better to use it as we are using it right now and we don't need any ID for bitcoin or else it will loose its shine.

Yeah having an ID is not a great idea. People generally prefer bitcoin for the "Privacy" that it is offering to the people and if the Privacy clause is removed from the bitcoin nobody will use and it would simply disappear from the market and could be easily replaced by some new currency.

[rudolfaxl]

Yeah having an ID is not a great idea. People generally prefer bitcoin for the "Privacy" that it is offering to the people and if the Privacy clause is removed from the bitcoin nobody will use and it would simply disappear from the market and could be easily replaced by some new currency.

"Privacy" and "Anonymous" does not mean ilegal.
Bitcoin have good value business now,if we don't take anything to get support for legality..there is no future for bitcoin.

We must read about the big warning for bitcoin : "used for money laundering and cyber crime",this is the big problem man??
so Why bitcoin community don't accept for legality??We are angry about scam coin..but we still hope bitcoin is future of money??this is ridiculous..??What the game we play here??

so;I think if we can adopt ID for bitcoin,we can have future for bitcoin and bitcoin will have support to all countries as a money without any resistance.Future of P2P payment and this only for BITCOIN...and people's will use Bitcoin now and later.

[jcksteve]

Yeah having an ID is not a great idea. People generally prefer bitcoin for the "Privacy" that it is offering to the people and if the Privacy clause is removed from the bitcoin nobody will use and it would simply disappear from the market and could be easily replaced by some new currency.

"Privacy" and "Anonymous" does not mean ilegal.
Bitcoin have good value business now,if we don't take anything to get support for legality..there is no future for bitcoin.

We must read about the big warning for bitcoin : "used for money laundering and cyber crime",this is the big problem man??
so Why bitcoin community don't accept for legality??We are angry about scam coin..but we still hope bitcoin is future of money??this is ridiculous..??What the game we play here??

so;I think if we can adopt ID for bitcoin,we can have future for bitcoin and bitcoin will have support to all countries as a money without any resistance.Future of P2P payment and this only for BITCOIN...and people's will use Bitcoin now and later.

Hmm +1 i want kept to say ---this is a nice idea---,but maybe only for id wallet address.Yeahh,you're right,very scary if bitcoin used for money laundering and cyber crime,+1

[operrajunk74]

Yeah having an ID is not a great idea. People generally prefer bitcoin for the "Privacy" that it is offering to the people and if the Privacy clause is removed from the bitcoin nobody will use and it would simply disappear from the market and could be easily replaced by some new currency.

"Privacy" and "Anonymous" does not mean ilegal.
Bitcoin have good value business now,if we don't take anything to get support for legality..there is no future for bitcoin.

We must read about the big warning for bitcoin : "used for money laundering and cyber crime",this is the big problem man??
so Why bitcoin community don't accept for legality??We are angry about scam coin..but we still hope bitcoin is future of money??this is ridiculous..??What the game we play here??

so;I think if we can adopt ID for bitcoin,we can have future for bitcoin and bitcoin will have support to all countries as a money without any resistance.Future of P2P payment and this only for BITCOIN...and people's will use Bitcoin now and later.

Yes it is a big problem but we cannot help it as bitcoin is decentralised so how can one have control over it and how one can know where the person is using bitcoin. Every coin has two sides and same is with bitcoin someone will use it for good purpose and someone will not.