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Author Topic: Is it legal to earn and hold bitcoin ?  (Read 5959 times)
Ardenyham
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July 02, 2016, 12:44:06 PM
 #21

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 !
You can do everything you want. Governments can't hold bitcoin and its system.. bitcoin is completely anonymous and no one can trace you.
so in short words yes you can earn and you can hold your bitcoin for long time . and your bitcoins will be safe until you protect the private keys. and don't leak them.
Even I am sure that You can't only hold bitcoin and store bitcoin. but you can easily exchange it and convert it to fiat and use it to buy everything you want. just create a paypal or Perfectmoney and contact a trader who can buy your bitcoin.
but stay anonymous for be safe.
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July 02, 2016, 12:45:36 PM
 #22

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 !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
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July 02, 2016, 12:48:32 PM
 #23

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 !

Everything cant be legal. Countries will not want that you will earn money for free. Some governments are hyper active and some are simply not bothered about. That god my country is not bothered about bitcoin.

If it is an illegal currency in your country, how can holding will be legal??it's illegal too. Use vpn service before you access bitcoin wallet. Try multicity vpn to be more secure.

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July 02, 2016, 12:51:40 PM
 #24

It's illegal. so, lets say if they can trace a BTC account to you it would be problematic. but the only way to do that is if you have transactions sent from an exchange or another service in your name. so if you just have a normal BTC wallet on your PC there's no way they will know...maybe through the IP, but keeping track of that would make them crazy.

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July 02, 2016, 01:11:29 PM
 #25

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 !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
yes, holding bitcoin is surely a legal thing, it is useful for people to hold in my opinion because it allows you to make some good money really easily in my opinion

i am holding my bitcoins and it is definitely a really legal thing to buy and hold your bitcoins in my opinion, i am holding at the moment because i know that the price is going to grow
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July 02, 2016, 01:35:06 PM
 #26

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 !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
yes, holding bitcoin is surely a legal thing, it is useful for people to hold in my opinion because it allows you to make some good money really easily in my opinion

i am holding my bitcoins and it is definitely a really legal thing to buy and hold your bitcoins in my opinion, i am holding at the moment because i know that the price is going to grow
just holding it's is legal but some people have a different means, maybe the government has a thing to holding bitcoin is included in illegal activities because I sure holding it's once activity have relationships with bitcoin well the government can define this activity included in the illegal category.

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July 02, 2016, 02:05:58 PM
 #27

here in my country(brazil) it's ok to have bitcoin but they will eat all of them with taxes... so, i'll never put them on my income tax.
it's a personal decision and i dont encourage others to do the same, i just dont agree with my country's taxes.

So, if here were illegal, i would still have my bitcoins... they can't find my bitcoins.
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July 02, 2016, 02:18:17 PM
 #28

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.. 

As far as I understand you can use Bitcoin in Nepal, as long as it's not for payments within businesses in Nepal. But there aren't good sources on this matter. Someone here claims it is illegal, but provides no source.

So, if here were illegal, i would still have my bitcoins... they can't find my bitcoins.

Don't be so sure of that.
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July 02, 2016, 02:22:23 PM
 #29

Government in my country has no rules for regulating bitcoins yet. Until and unless you convert bitcoins into fiat, nobody cares what you are doing with them. Though use of bitcoin is criticized by it.
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July 02, 2016, 02:23:50 PM
 #30

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.. 

wow i didn't know bitcoin was announced illegal in your place, sorry to here that it really sucks.

and to answer your question, earning bitcoin through jobs (even small jobs like signature campaigns) may be categorized under a business conducted with bitcoin and fall under the same rules so you have to be careful and do it as anonymously as you can.

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July 02, 2016, 02:29:02 PM
 #31

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 !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
well of course it is a natural thing, it is not illegal to hold your bitcoins because i think a lot of people are doing it and they dont face any trouble because of that

i think it is illegal in only a few countries that are actually banning the bitcoins in order to avoid people using it because as people use bitcoins less fees are taken and so on




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July 02, 2016, 02:34:16 PM
 #32

bitcoin is not illegal , but your country is banned using bitcoin , but you can keep it on wallet , may be few years it may become legal also in your country , as the economy is growing differently there will be some changes. if you are getting bitcoin easily keep storing it.

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July 02, 2016, 02:47:53 PM
 #33

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 !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
Your right. There's no rule neither legal nor illegal of holding of bitcoin. I think bitcoin doesn't care wether you hold your coins or not, it is your own decision anyway.
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July 02, 2016, 02:53:22 PM
 #34

I think it will be legalized as long as you do not use them for illicit trafficking or making illegal transactions. if in your country there are no regulations that make bitcoin become illegal, then it is perfectly legal
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July 02, 2016, 02:55:40 PM
 #35

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 you like bitcoin and your country ban it, you can try buy bitcoin using another payment method are like skrill, paypal, okpay and another payment method. And you can buy it on this forum and becareful with scamer.
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July 02, 2016, 02:57:18 PM
 #36

Government in my country has no rules for regulating bitcoins yet. Until and unless you convert bitcoins into fiat, nobody cares what you are doing with them. Though use of bitcoin is criticized by it.
the same for me, i dont worry too much about bitcoins in my country because i know that i will not have any trouble with laws, thats really great as there are no risks at all

it is legal to earn and then hold your bitcoins in nearly every country, if country doesnt have any laws on bitcoin then i would definitely not worry about it in my opinion as everything is going to be fine

 
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July 02, 2016, 03:03:49 PM
 #37

Government in my country has no rules for regulating bitcoins yet. Until and unless you convert bitcoins into fiat, nobody cares what you are doing with them. Though use of bitcoin is criticized by it.
the same for me, i dont worry too much about bitcoins in my country because i know that i will not have any trouble with laws, thats really great as there are no risks at all

it is legal to earn and then hold your bitcoins in nearly every country, if country doesnt have any laws on bitcoin then i would definitely not worry about it in my opinion as everything is going to be fine

yep, same here! yay portugal, no legal framework. ppl in the USA have to pay taxes on it, right?

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July 02, 2016, 03:06:34 PM
 #38

Its wizard bitcoin being something illegal with soo many projects supporting it as casinos, porn websites, faucets,  exchange, hosting providers. I believe bitcoin has presence at almost all kind of online market. If it weren't allowed those projects wouldnt be running, the countries may not have a position around bitcoin.
Before bitcoin there are several projects that are  illegal, hyip and others Ponzi ways but they keep running and some of them using bitcoin now.
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July 02, 2016, 03:12:32 PM
 #39

I can not say if the bitcoin is legal to earn or to hold.. but i heard that many people are using bitcoin for illegal activities..
But for me its legal to use but don't use in illegal activity such as buy weapon and drugs online using bitcoin..

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July 02, 2016, 03:14:38 PM
 #40

Very interesting question.
In my country, Croatia, I asked it several people and researched on many different places.
Final answer is: yes.
Basically, Bitcoin is not recognized as legal currency or financial asset in my country.
It's only when I decide to exchange Bitcoin to ''hard'' money as USD and withdraw to my bank account that I have to report it to my tax office as ''second income'' from abroad (and pay tax on this income, of course).

 

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