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Author Topic: Is it legal to earn and hold bitcoin ?  (Read 5913 times)
PokerFace3 (OP)
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July 02, 2016, 08:10:59 AM
 #1

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
OmegaStarScream
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July 02, 2016, 08:57:24 AM
 #2

You just said It's Illegal how holding them will be legal  Huh

I personally wouldn't care much If it was illegal , I would keep using it. (doesn't mean you should do the same though)
Also what country is that ? Russia is the only one who banned  Bitcoin for real I guess ?

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mishra1994u
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July 02, 2016, 09:03:24 AM
 #3

Even if it is illegal..no one can know that you are holding bitcoins any any wallet...and i dont think that will be crime in any country...you can exchange it into any other ecurrency which may be legal in your country and then use them
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July 02, 2016, 09:04:47 AM
 #4

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

Sad to see things that aren't going our way.  Even how much we say it's legal, if your country had already declared that it is illegal it is illegal.  And if you won't mind getting questioned by the authorities, you can continue to  love bitcoin and keep it.  Just make sure they won't catch you.  In my side of the world it is legal here so i have the luxury of earning and holding BTC.

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July 02, 2016, 09:08:17 AM
 #5

Bitcoin is anonymous you can hold any amount of bitcoin any time you want whether it is illegal in your country or not even a person living with you don't even know that your are using/earning bitcoins or not . You can hold bitcoins Smiley . I hope your country start accepting bitcoins soon And yes we all love bitcoins and we can't leave it .
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July 02, 2016, 09:08:34 AM
 #6

if your country just already state that bitcoin is illegal then it's illegal no matter how you use it and how you earn it,they'll don't care because it's already regulated unless you just go outside of your country or region which strict bitcoin to make a transaction,even you can hide while using bitcoin with just some trick  Grin,but really don't reccommend it as it illegal and would give you risk
if you care with the rules then stop if you don't really care then keep it up

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July 02, 2016, 09:17:04 AM
 #7

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
Bitcoin isn't illegal but only banned in several countries. I guess as long as there are still places in the exchange of your country so you can still do all of that and I am pretty sure there will not be categorized into illegal action.

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July 02, 2016, 09:23:24 AM
 #8

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
Bitcoin isn't illegal but only banned in several countries. I guess as long as there are still places in the exchange of your country so you can still do all of that and I am pretty sure there will not be categorized into illegal action.
OP just stating bitcoin is illegal in his country and he know exactly what the meaning of word "illegal" is as banned close to illegal there's no such important difference which should be mentioned,and I think if bitcoin illegal there,no one will make an exchanger because they'll possibly being prisoned

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PokerFace3 (OP)
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July 02, 2016, 11:25:50 AM
 #9

You just said It's Illegal how holding them will be legal  Huh

I personally wouldn't care much If it was illegal , I would keep using it. (doesn't mean you should do the same though)
Also what country is that ? Russia is the only one who banned  Bitcoin for real I guess ?
Yeah i am from Nepal and the central authority of our country has stated any trade works or any businesses held using bitcoin will be strictly punished
Sad so i am little afraid of holding my coins too ! that's all.. 
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July 02, 2016, 11:37:25 AM
 #10

You can hold it by yourself
No one will know you hold it because it is anonymouse
You can still earning with your service and signature campaign and hold it untuil you think the price is worth to sell, and sell it to your local curremcy
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July 02, 2016, 11:45:47 AM
 #11

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

Well, if your country stated bitcoin is illegal, you still can earn it on online. They will not know and yes you can earn and hold your bitcoins.
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July 02, 2016, 11:49:09 AM
 #12

you are free to do everything with your own bitcoin it is not illegal to hold them or earn anyway even if it is illegal so who will know you
you are anonyme in bitcoin world no one will know your identity or where are you from your transaction or how much you have.
so think about you chose if you like bitcoin so just earn and hold no one will know.

For rent 1.4 Bitcoin for 11 months starting Feb 1 2017
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July 02, 2016, 11:56:51 AM
 #13

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
Well in my opinions if the bitcoin is stated to be an illegal currency all of your activities having a relationships with bitcoin it's can be included in illegal activities too, maybe you can still use bitcoin but it's will have a riskier. it's too difficult to avoid the bitcoin because you very loved with bitcoin.

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July 02, 2016, 12:01:28 PM
 #14

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
If it's illegal to your country don't use it for now earn and save it I think it will accept as a currency in your country in near future ,
Just do it secretly that nobody knows.
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July 02, 2016, 12:05:31 PM
 #15

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

Well, if your country stated bitcoin is illegal, you still can earn it on online. They will not know and yes you can earn and hold your bitcoins.
well sometimes country governments check people browsing history as far as i know so i doubt it would be a problem for them to find out that you are earning bitcoins online

i think it is usually legal to earn and hold your bitcoins, in my opinion it is illegal only if your country has some laws released on it that prohibits the use of bitcoin, there are some countries

 
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MyIdeas
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July 02, 2016, 12:06:09 PM
 #16

Yes, you can earn bitcoin and hold them , there are a lot of wallets so you can join one of them which is not banned in your country and then use an exchange to convert your bitcoins to fiat and then with a payment processor you can withdraw your money and can use for your needs.
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July 02, 2016, 12:12:26 PM
 #17

The governments are unable to find that which person is using bitcoin and which person is holding bitcoin, unless you connect your bitcoin wallet/exchange with your bank account etc, so you are free to earn bitcoin in your country.

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July 02, 2016, 12:13:25 PM
 #18

Even though it's illegal, how would they know?
No one can know who owns which wallet. You're safe.

Unless they go into everyone's house, search for every computer, or search for every accounts in the internet within their vicinity.
This is unlikely to happen.
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July 02, 2016, 12:18:17 PM
 #19

Well, you are unlucky that Bitcoin is illegal in your country. I would personally use them if I was in a coutry where Bitcoin is illegal. And the goverment can not really see who is using a Bitcoin wallet, so your safe. They can only check if they go house to house and check if you have a Bitcoin wallet. But that isn't going to happen so you are safe.

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July 02, 2016, 12:34:41 PM
 #20

are you absolutely positive it's illegal in your country? they might discourage banks getting involved. i can see there's plenty of action on localbitcoins in nepal.

there's a difference between calling something illegal and making it illegal and i'll bet it hasn't been tested in a court. i see that the nepalese central bank said that. the central bank does not pass laws. 

people here love to take one comment and run with it. a bunch of posters on here told us it was illegal in taiwan because one guy vaguely related to the government thought it might be a cool idea yet if i have a look they have exchanges and it's all over localbitcoins. you need acts of parliament and stuff.
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