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Author Topic: Legality of distributing bitcoin paper wallets with money in them  (Read 1769 times)
NyeFe
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February 03, 2016, 09:04:29 AM
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Does anyone have any idea about the legality of mass distributing Bitcoins, in the UK, similar to the form of fiat notes?

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Tabata11
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March 01, 2016, 05:38:59 PM
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I had this idea in mind for a while because it would be similar to a visa gift card at this point.
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March 02, 2016, 04:14:21 AM
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I don't think it would be illegal, does UK government recognizes bitcoin as a form of currency? And are you to declare it and pay tax on it? If yes then you might be asked from where you acquired bitcoins which you're distributing, if not then they're just coupons which may/may-not hold any value.

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March 02, 2016, 12:44:29 PM
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What's the difference between visa/mastercard gift cards sold in stores vs selling paper wallet containing bitcoins in store?

Edit: I know the cc gift cards dont require any registration so it's basicallly Anonymous
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March 02, 2016, 08:52:55 PM
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How mass is mass? If it's a bunch of geezers on the upper floor of a pub then no one's going to care. If you're giving it out to every single citizen then here might be some research needed.

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