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Author Topic: bitcoin is legal or illegal?  (Read 2704 times)
Ryananda
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December 31, 2015, 02:45:43 AM
 #41

whether it is legal or not really depends on the country. some country disagree the use of it and even ban it. also depends on what u use the btc for. some use it for drugs which turns out to be illegal etc.
Yes indeed if used for illegal drug that of course, but I mean it's illegal or legal system. Is the bitcoin system has met as a medium of exchange and is in conformity with the provisions of each country. Because I wondered why there are countries that agree and some who disagree when all the exchange rate valid in all of the country such as credit card, bank, etc.

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December 31, 2015, 03:03:24 AM
 #42

Because I wondered why there are countries that agree and some who disagree when all the exchange rate valid in all of the country such as credit card, bank, etc.
Their centralized governments discretionarily support or ban the use of bitcoin in the countries. Credit card, bank fully complies with the regulation and is accepted in worldwide. They have developed for many decades to reach today's level. Bitcoin is still new, not perfect yet to let ppl feel comfortable to use its system. So there are huge differences among them.


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December 31, 2015, 03:07:14 AM
 #43

You can take this as a reference.

Basically Bitcoin isn't illegal anywhere (as in the law explicitly says "Bitcoin is illegal") but the use of digital currencies is prohibited in some places, or discouraged.

A Bitcoin transaction itself is always safe.
But many said that if the store bitcoin must be careful, though legal, but bitcoin bitcoin prone to theft so for disbursement to the bitcoin rupiah tightened. And advised not to click a link are not clear and provide any data to everyone. Is prone to theft bitcoin true ??

bitcoin is as safe as a bank note...
if you keep it secure where no stranger can access it.. then its yours for life.

but if you store the only copy of the private key on a phone and not protect youself from pickpockets. then its gone.
so the same way you would back up a copy of your phonebook contacts, backup your private keys.. then if phone is stolen, you still have backups.

if your using a computer its much the same as having your credit card details saved to your desktop. be cautious about who uses your computer and what programs you download.

if you have smart ways to keep your private keys safe then bitcoin is more secure than any bank account any credit card or any bank note. because if you think someone might get access because you left a copy of your private key in clear view.. you can move the funds to another private key in seconds

as for the is it illegal question.
most countries have not banned bitcoin to be used by its citizens.. most countries who have set regulations have done so mainly to avoid BANKS from investing in bitcoin, because the government wont insure them against bitcoin losses as part of their banking licences. which has nothing to do with citizens personal/private activities.
asia and russia have banned their banks, not their citizens

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 31, 2015, 03:15:13 AM
 #44

According to the IRS, here in the USA, Bitcoin is legal, however the IRS considered it an asset.  The IRS also has certain rules and regulations where Bitcoin is being used as a currency, which covers some of the banking rules of bitcoin.  It is very detailed and makes it very usable.  As far as Bitcoin in New York, we have recently read some strict rules which govern it as a currency.  As I stated in another thread, I believe these rules were set in place to defer the use of Bitcoin, but I can not be sure.  All information is from my research and should not be taken as or considered what the laws are.  Please do your own research, for I will not be held responsible for any actions you may take against the laws around Bitcoin.
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December 31, 2015, 03:17:24 AM
 #45

Bitcoin is legal but it can be easily used for criminal activities. They made it illegal to use in many countries. Fuck you all criminals
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December 31, 2015, 03:18:33 AM
 #46

In some countries, bitcoin is illegal but for me it's not illegal because it's like real money for me in real life. can buy anything and doing it in online mode.
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December 31, 2015, 03:20:38 AM
 #47

I think bitcoin is legal. because getting bitcoin needs with hard work and capital. because bitcoin obtained instead of things that are not good. I said bitcoin is legal to bitcoin.

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December 31, 2015, 03:35:23 AM
 #48

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?
1. In the United States it is legal
2. It isn't well known yet and many people use Bitcoin for shady purposes
3. Yes. Bitcoin transactions are secure

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December 31, 2015, 03:38:00 AM
 #49

Because I wondered why there are countries that agree and some who disagree when all the exchange rate valid in all of the country such as credit card, bank, etc.
Their centralized governments discretionarily support or ban the use of bitcoin in the countries. Credit card, bank fully complies with the regulation and is accepted in worldwide. They have developed for many decades to reach today's level. Bitcoin is still new, not perfect yet to let ppl feel comfortable to use its system. So there are huge differences among them.
Means if so what do you say do not rule out the possibility that bitcoin will someday be legalized throughout the country if all the systems have been developed such as banks, credit cards, etc?

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December 31, 2015, 04:01:11 AM
 #50

As far as bitcoin being illegal it's not in the US! But you are able to do illegal purchases with bitcoin online that is where you cross the legal boundary for any country.

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December 31, 2015, 07:00:58 AM
 #51

Depending on where you are, Bitcoin is legal in many countries. I believe someone said this.

The illegal is to use Btc for things that are already illegal.

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December 31, 2015, 07:25:23 AM
 #52

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
Quote
Bitcoin is legal in my country.
2. What are the shortcomings of bitcoin?
Quote
It`s personal responsibility of everyone to use and work with bitcoin not for shady purposes or criminal actions.
3. According to you whether bitcoin transaction can be said to be "safe"?
Quote
Yes bitcoins transaction are secure and safe, transparent.
crairezx20
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December 31, 2015, 07:42:58 AM
 #53

I think it depends of your country if where do you live but in my country it legal and anytime you can use it or withdraw it as fiat..

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December 31, 2015, 07:45:32 AM
 #54

Well,it depends on the country you're from.Speaking Logically,its not illegal but due to its usages for the negative things like IS so it could have been banned by a few countries I guess.Its not illegal as per as the World Laws are concerned.


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jethrorn99
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December 31, 2015, 08:25:13 AM
 #55

Bitcoin is legal in my country, but if scammed, the country will not give a single f**k
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December 31, 2015, 08:32:13 AM
 #56

Bitcoin is legal in my country, but if scammed, the country will not give a single f**k

if they scam it online it's obvious, it's practically impossible for them to trace it, but on real life, if they stela you , your phone with bitcoin inside, i'm sure you can do something
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December 31, 2015, 10:38:11 AM
 #57

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?
1. What is bitcoin is legal or illegal? Bitcoin is legal,but some countries prevent bitcoin and not accept bitcoin as primer currency.
2. What are the shortcomings of bitcoin? The shortcoming is price raises,and bitcoin halving.
3. According to you whether bitcoin transaction can be said to be "safe"? Almost all transaction is safe,according your security aspect.
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December 31, 2015, 11:50:47 AM
 #58

Legal or illegal depends on who is stronger.

If people are stronger than government, what people say is legal. If government is stronger, government is legal.

In America, people can use the government to overcome, if they do it right.

Smiley
copperhorse111
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December 31, 2015, 12:17:13 PM
 #59

I think it's relatively safe to send and receive BTC, it's legal in most of the world (nothing came and said it's not legal yet)...

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December 31, 2015, 12:19:32 PM
 #60

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

Bitcoin is legal in most of the countries but in some countries it is not allowed to use bitcoin.
Once the bitcoin transaction gets few confirmation it is safe enough and you should not worry about it
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