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Author Topic: Is Bitcoin Legal?  (Read 12497 times)
F_Ivanov1993_
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September 01, 2018, 08:25:07 AM
 #281

People are very well treated with bitcoin, but for some reason politicians do not allow us to engage in quietly making money.
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September 01, 2018, 03:27:29 PM
 #282

As time passes by bitcoin is still existing especially those countries didn't le ha legalized as those people find a way in order to have some extra income to add on for their financial stabilty. I believe soon in the future that bitcoin will definitely use as a mode of payments as I observe some of my place us bitcoin as mode of payments having a legalized wallet throughout the country and soon throughout the whole world.


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Yusuf_Jay
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September 01, 2018, 04:19:00 PM
 #283

I think that depends on where you are. Most countries are fine with citizens who own, buy and trade Bitcoin. But there are some places where it's are prohibited, where the government is hostile to bitcoin.

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September 02, 2018, 07:29:50 PM
 #284

Yes, I think, overall, Bitcoin is legal. although there are some countries that strictly prohibit crypto currencies like Bitcoin.
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September 03, 2018, 09:22:16 AM
 #285

In Russia, bitcoin is not prohibited, and therefore legal.
There is a recent court case where bitcoin has been recognized as a property (but not money, not currency).
The tax service explained the procedure for taxation of transactions with bitcoins.
Legalization implies the permission of what was previously prohibited. For example, the legalization of drugs, the legalization of prostitution, the legalization of weapons, etc.
But in Russia there was no law prohibiting the possession and circulation of bitcoins.
Although, of course it is impossible to pay in the cryptocurrency wages, taxes, penalties, etc.
It is possible that the underdevelopment of cryptocurrencies is not a sign of the backwardness of the Russian state, but proof of the imperfection of cryptocurrencies. Proof that the blockchain and cryptocurrency is overrated technology.

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September 03, 2018, 01:13:38 PM
 #286

If for my country Bitcoin not yet legal. But do not know if in your country Bitcoin legal or not I do not understand. But I hope Bitcoin can be legal throughout the country in order to more easily use Bitcoin freely.
Bitcoin currencies are not listed in the banking system and are not related to the government. The characteristics of bitcoin which have no ownership rights turned out to be tempting also for those involved in illegal activities such as money laundering, arms purchases, even ransom data hacking. There are still many who make legal or non-legal adjustments because each country has its own policies.

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September 05, 2018, 04:10:46 PM
 #287

..many years have pass since Bitcoin was introduce..many things happen on that days..but still the existence of Bitcoin is remarkable every year..Bitcoin gives a very big impact on the universe..through getting involve in this coin,many have change their lives..from poor becoming rich..from middle class family to becoming high class..etc..we cannot lie that Bitcoin gives us the oppurtunity to become whealthy..thus,,getting involve on this gives people and the goverment the demand on what bitcoin really gives to us..on such,,some countries banned bitcoin because they are using it in a wrong way,others treat it as threat especially the banks fir they are affraid to lost clients...etc..to sime it up,,Bitcoin change our lives..

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September 06, 2018, 11:32:44 PM
 #288

http://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.


Excellent map Surely in the future there will be more people, companies and countries that accept bitcoin, since this crypto will be the solution to everything we need and need.
CryFr
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September 08, 2018, 07:08:42 AM
 #289

The map was posted in 2015. The information could be out of date.
The link is a similar map from the Russian edition of "Kommersant". Although it is also not too new, as the situation is constantly changing.
https://www.kommersant.ru/doc/3498021
Red - cryptocurrency Transactions is prohibited.
Yellow-the State is wary of cryptocurrencies, some restrictions have been introduced, but citizens are not persecuted for their use.
Green-Cryptocurrencies have an official status (goods, financial assets, means of payment, etc.), there is a state control of the market, or their use is not limited to the authorities.

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September 08, 2018, 07:31:37 AM
 #290

Well, although the legality of Bitcoin is still a debate, but I think, Bitcoin will be legal.
Girlsbit
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September 09, 2018, 02:34:59 PM
 #291

Bitcoin is legal in those countries where it understands its true meaning.
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September 15, 2018, 11:18:34 PM
 #292

peoples are the only one who are making it legal and govenments are the one who are making it illigal because it can put a full stop on their curruption. on such,,some countries banned bitcoin because they are using it in a wrong way,others treat it as threat especially the banks fir they are affraid to lost clients.
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September 18, 2018, 12:00:45 AM
 #293

It depends on a person how he views the bitcoin?? If its profitable for himself he will definitely support it any say yes its legal but if he doesn't acquire the knowledge of bitcoin then he would say thats its illegal and bitcoin doesn't need any views from anyone.
bitcoin is only an alternative currency, commonly called a digital payment tool like a weapon depending on who is holding it and depending on what purpose it uses, it is commonly called illegal if the one who uses it is not entitled, but it can be called legal if the one who has the right or the party The authorities, the case is the same as bitcoin depending on who is using it and for what purpose it is used, if it is a money laundering tool it is clearly illegal but if it is only to make payments in the sale and purchase it seems legitimate.
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September 22, 2018, 06:53:43 PM
 #294

Lol my country looks green but im pretty sure government doesnt know what btc is. If they knew it would be dark red:)
Majority of the government don't know what is cryptocurrency or virtual currency and how it's works. What is the impact of Bitcoin over the world. I'm lucky because in my country accepted bitcoin. Bitcoin more used illegally in dark and deep web. BTC is not legalize in every country i mean all countries not friendly with BTC.

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September 22, 2018, 07:36:45 PM
 #295

Lol my country looks green but im pretty sure government doesnt know what btc is. If they knew it would be dark red:)
Majority of the government don't know what is cryptocurrency or virtual currency and how it's works. What is the impact of Bitcoin over the world. I'm lucky because in my country accepted bitcoin. Bitcoin more used illegally in dark and deep web. BTC is not legalize in every country i mean all countries not friendly with BTC.
I don't know if they don't know what bitcoin is, as of now bitcoin is very popular and I think they already know the characteristics of bitcoin that might be useful and helpful to us an individual. Bitcoin is not having a law in our country they did not declare it is legal but they didn't also announce it is illegal. To cut a long story short, we are lucky that we freely use bitcoin here.

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September 24, 2018, 10:31:41 AM
 #296

peoples are the only one who are making it legal and govenments are the one who are making it illigal because it can put a full stop on their curruption. on such,,some countries banned bitcoin because they are using it in a wrong way,others treat it as threat especially the banks fir they are affraid to lost clients.
Bitcoin is banned because people use the wrong way? even every currency in the country is used a lot in a way that is not good but still it is not prohibited. Your reason is not logical man. Please differentiate before you issue a statement.

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September 24, 2018, 05:02:17 PM
 #297

Well Well there's no day on the forum without having seen such a thread discussing about the legality issue of the bitcoin. It is quite clear now that the legality of the bitcoin is a controversial issue and as a matter of fact is a subjective criteria.  It varies from country to country and their acceptance to the bitcoin differs in various countries. So the question of legality of bitcoin is vague.

Better go through this article:
https://www.newsbtc.com/is-bitcoin-legal/
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September 28, 2018, 05:01:10 PM
 #298

Every single fiat currency in the world is created, released and controlled by a single entity – in most cases a central bank. By law, ordinary citizens are only allowed to buy, sell or keep the currency. If someone tries to create any amount of money, they will inevitably find themselves behind bars.

When Bitcoin was introduced, it created a completely new and unique paradigm. The world’s first digital, decentralized currency that isn’t controlled by anyone at all. Moreover, the very concept of Bitcoin implies that anyone with enough computing power can create coins by simply being an active part of the community.

As it’s becoming more and more mainstream, law enforcement agencies, tax authorities and legal regulators all over the world are trying to wrap their heads around the concept of cryptocurrency and where exactly does it fit in existing regulations and legal frameworks.

The legality of Bitcoin depends on who you are, where you are in the world, and what you’re doing with it. Here’s our guide on legal issues concerning Bitcoin, where we mostly focus on the US but cover other major countries as well.
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September 28, 2018, 05:11:12 PM
 #299

Bitcoin legalization will come with new gernation who completely use bitcoin at every thing in life even to buy a cup of coffee. Until then the war will contious from big centralization banks againest cryptocurrency in general no worries relax and hold for long run only.
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September 28, 2018, 06:06:16 PM
 #300

is bitcoin legal in USA?
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