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lance04
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December 15, 2017, 10:15:30 AM |
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Yes, the company of bitcoin is legal. All requirements that requires by the government agencies are comply by them; which is gives them a juridical personality and recognize by the government as legal entity.
From this they have authority which comes from the government to operate.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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jungwong
Newbie
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Activity: 36
Merit: 0
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December 15, 2017, 10:41:18 AM |
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It's not inherently illegal, but it is very difficult to use in a legal manner, and most utilizations will be questionable, if not actually illegal. However, I think the concern about governments shutting down currency is a red herring, at least regarding the US government, which actually subsidized the Ithaca Hours system of alternative currency, via its Vista program.
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biskitop
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December 28, 2017, 12:15:03 PM |
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I think it's legal. Because the whole world still recognizes and uses bitcoin. If any country wants to close the bitcoin, other countries are even more declared about bitcoin regulation. It proves that in outline, bitcoin is legal.
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coinFlipCoin
Newbie
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Activity: 36
Merit: 0
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December 28, 2017, 11:19:49 PM |
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It is not a legal means of payment yet. But it is in the status of a good which is a big step forward!
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DomainTorrent
Jr. Member
Offline
Activity: 82
Merit: 2
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December 29, 2017, 07:03:40 AM |
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Well, bitcoin is legal in some countries while there are also other countries which treat bitcoin as illegal. Depending on where you reside, you can always check on google whether your country welcomes bitcoin or not. Because bitcoin is decentralized and anonymous in nature, governments are concerned that this type of cryptocurrency could always be used for criminal activities. Country such as Vietnam treats bitcoin transaction same as money laundering. The good news is that, most major countries say yes to bitcoin.
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BlasterS
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December 30, 2017, 04:06:28 AM |
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Of course the company and management of bitcoin is legal and all things from them are legit.
They follow all the requirements needed by the government in order to recognize them as a legal entity and had authority to operate in conformance of the law; from this you are rest assured that investing here is safe and not a scam.
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AlexInTheOcean
Newbie
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Activity: 58
Merit: 0
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December 30, 2017, 07:56:42 PM |
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A regulation was long awaited, not sure that it would be for good only.... And what should be called legal depends on the country.
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katinko
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December 30, 2017, 10:33:25 PM |
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Bitcoin itself is legal but it depends on the treatment of every country some of them are banning bitcoin because they all know that bitcoin will effect their economy that is why government doesnt like to used bitcoin for their cpuntrymen.
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shrivi
Newbie
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Activity: 7
Merit: 0
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December 31, 2017, 06:00:29 AM |
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Indian govt says it does not recognise bitcoin as legal tender amd terms it as ponzi scheme
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donalfonso
Jr. Member
Offline
Activity: 154
Merit: 1
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December 31, 2017, 03:03:39 PM |
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Saying something is legal, means its backed up by a law or something similar, so since most countries dont have such framework, it cant be said to be legal and neither has it been declared illegal in most countries. So i think bitcoin is a new phenomenon countries have to find a way to accommodate, but as at now its not illegal, conveniently being accepted, and ignored by some governments for now, but all this will change soon.
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Granxis
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January 01, 2018, 07:43:13 PM |
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Of course the company and management of bitcoin is legal and all things from them are legit.
They follow all the requirements needed by the government in order to recognize them as a legal entity and had authority to operate in conformance of the law; from this you are rest assured that investing here is safe and not a scam.
Countries that banned Bitcoin forbid Bitcoin because it poses a threat to its taxation system, not because of its investment objectives. This ban will not be harmful for Bitcoin, prohibited countries made a very risky move. |
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expert4knowledge
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January 01, 2018, 11:59:12 PM |
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As long as you don't live in Bangladesh or China, it's perfectly legal
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christmark183
Newbie
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Activity: 6
Merit: 0
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January 02, 2018, 04:52:58 AM |
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i think for now. Bitcoin is ilegal because not all country can accept bitcoin.
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rhamzter
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January 02, 2018, 07:33:16 AM |
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In any country, bitcoin are not legal however due to following in rules and regulations of each country they were decide to allow crypto currencies or digital currencies in any nation. Otherwise I never lose hope that someday bitcoin are allowed to any country without any restrictions.
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contractus325
Newbie
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Activity: 84
Merit: 0
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January 02, 2018, 10:29:46 AM |
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Does anybody know how it works in Russia? I'm just curious. Thanks for answer  |
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BENJAMINE COOK
Newbie
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Activity: 14
Merit: 0
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January 02, 2018, 10:47:13 AM |
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The answer is, yes, depending on what you’re doing with it
Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.
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m0rrov
Jr. Member
Offline
Activity: 55
Merit: 10
BELUGA PAY. Complete Mobile Point of Sale System
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January 02, 2018, 05:06:31 PM |
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The opinions of different countries about bitcoin are divided, but in general they fall into the following two groups:
a) Countries that have decided to develop a regulatory framework for the active implementation of digital currency in the economy. (USA, Croatia, Germany, etc.)
b) Countries that consider the crypto currency to be illegal and try to prohibit or restrict its use (China, Russia, Thailand, Vietnam, etc.)
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Virtual miner
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January 02, 2018, 06:03:12 PM |
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 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. I would like if there is addition about the countries where bitcoin is concretely banned. I mean its even criminalized. Which are these countries and what place do they occupy in world economy and how much do their legality affects bitcoin's price. Moreover as market cap of btc increases we might see a lot of countries coming towards making a regulatory authority for bitcoin. |
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Streets 2.0
Full Member
Offline
Activity: 490
Merit: 101
FRX: Ferocious Alpha
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January 02, 2018, 06:49:34 PM |
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I want to tell about my pain in Russia! Hell! I'm a person who has bitcoins, but they can not buy anything here because they are outlawed and generally it's not known when the situation will change. The IT ministry is trying to fix the situation for years now and what do you think? Nothing, it's empty, zero! We are still at the same point as we were two or three years ago. It so saddens me that I do not even find the right words to describe my indignation!  |
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Dreamchaser21
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January 02, 2018, 09:12:11 PM |
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In any country, bitcoin are not legal however due to following in rules and regulations of each country they were decide to allow crypto currencies or digital currencies in any nation. Otherwise I never lose hope that someday bitcoin are allowed to any country without any restrictions.
Many countries are banning bitcoin but later on they realize the importance of great innovation and then they end up regulating bitcoin. But still countries that make bitcoin illegal will surely adopt this technology, its just a matter of time. Legal or what no one can stop bitcoin and it will continue to soar higher for sure. |
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