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Author Topic: Why bitcoins illegal ????  (Read 13534 times)
innocentbee
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September 08, 2016, 04:58:15 AM
#1

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
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September 08, 2016, 05:01:21 AM
#2

Because governments don't like it. They don't like it because they can't control the money flow when people use bitcoins. They can control banks, airports, your house... But nobody will notice if a tiny usb stick holds thousands of bitcoins.
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September 08, 2016, 06:05:59 AM
#3

because of it no control of government country and not taxation pay to government .
so usually they ban it . also there is privacy through which no one can find how much the user saved btc at his wallet .


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tubexc
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September 08, 2016, 06:22:05 AM
#4

For the same reason online poker is
still ilegal in many countries!
Not open minded people  Grin
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September 08, 2016, 08:26:57 AM
#5

Yes in some countries bitcoin is illegal and in some countries there is no specific law made for the regulation of bitcoin.
Those government made bitcoin illegal in their country because they are not able to control this bitcoin currency as bitcoin is decentralised and they cannot track how much bitcoin a person is holding in his/her wallet.
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September 08, 2016, 08:53:48 AM
#6

What do you mean by it is illegal?  I am from a third world country but we uses bitcoin.  I do not know if it is legal or illegal all I know is that the bitcoin wallet in our country allows deposit through banks and 711 stores and some cash remittances.  They even ask every person to validate their accounts through Id verification and phone verification.  They deactivated accounts which engage into gambling as they say that it is not registered into some government organization or something like that. 
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September 08, 2016, 12:18:53 PM
#7

If a government can't control and tax it to make a profit for themselves they don't wan't it.  Greed drives Governments.
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September 08, 2016, 01:31:23 PM
#8

Can someone here name those countries where Bitcoin is illegal? I would like to know that. I know that Bitcoin is not very well accepted in some countries by governement but I don't know in which countries is actually banned by law.

malaj
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September 08, 2016, 03:05:29 PM
#9

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

I don't think that Bitcoin is illegal in many countries in the world.
In fact, Bitcoin is still not regulated by the law in many countries in the world.
Governments really adapt very slowly to the new reality and Bitcoin is already here, reality and new future of the money.
Don't worry, nobody can stop progress and Bitcoin will be fully accepted everywhere, soon or later.














 

 

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HabBear
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September 08, 2016, 03:39:04 PM
#10

Bitcoin is legal because it's not a big deal yet, it's not impacting or imposing upon local fiat currencies, and (most importantly) it has legitimate value in the world!

In the end, the government can't control what I offer you for services you offer me - it's called trading/bartering. Of course it would take more creativity to make the exchange happen, but it could still happen.

Here's a resource on the legality of bitcoin by country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

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September 13, 2016, 04:35:07 PM
#11

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

governments want to control people so they want to control ongoing cash flow. For that reason, goverments dont want to legitimize bitcoin usage in trades. Bitcoin flow cant be controled offically at this moment but something will be different in the future ..who knows..


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September 13, 2016, 04:50:04 PM
#12

Cause they don't like it,the freedom it gives you,the endless possibilities.
That's to say I really don't find it is reasonable for the people because they deserve to use BTC and have the freedom to choose their currency.
Hope more people realize this

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September 13, 2016, 04:51:31 PM
#13

well that's because they can't get anything from it. bitcoin can't be taxed or is not being taxed yet. well it really depends on which country you're in I don't think there are a lot of countries that bans bitcoin

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September 13, 2016, 04:57:48 PM
#14

I think bitcoin is not illegal in other country almost all are accepting bitcoin to use..
Because its just a alternative money online that you can use to pay or to buy service online.. also in gambling but its not the case..

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September 13, 2016, 05:04:50 PM
#15

Bitcoin is illegal?


Those law makers are changing their minds so much that they might be really light headed. Maybe they could do the same with drugs, ban then unban ban then unban.

What are they doing?


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September 13, 2016, 05:05:49 PM
#16

Its illegal, but it can be legal if they really wanted it to be...

Like pass the damn ETF and it can be considered as a security in the traditional stock market... like its been forever..
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September 13, 2016, 10:21:51 PM
#17

Bitcoin is still young currency and many goverments still don't know much about it. They are thinking that bitcoin can be used for illegal activities or avoid pay taxes. And also goverments are in side of banks, legalization of bitcoin can affect banks negative and goverments no need it.

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September 13, 2016, 11:26:14 PM
#18

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
Illegal in many countries? It's a minority. Bitcoin is legal in most countries of the world. You need to go to some countries in the former USSR for bitcoin to be illegal.
Governments are cautious about it in the western world, but it's not illegal. The usual arguments are terrorist, crime, money laundering.

Before all the "get rich quick" guys came to the bitcoin space, it was a very political movement.
You need to go back in time to when bitcoin was first created.

June 2011:
I have become fascinated with Bitcoin since first reading about it a few weeks ago.  It seems to me that a successful, thriving bitcoin currency is very threatening to governments, because it reduces their power to trace transactions, confiscate money, and pay their bills in inflated currency.  Bitcoin takes power from government and puts it firmly back into the hands of the people.  It has a small, but real, chance of becoming one of the most liberating inventions since the Internet itself, and will therefore be detested by governments around the world.  If it is to survive, every effort must be taken to protect it from their attacks.

That was the general view. I'm skeptical if it does reduce a governments power:


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September 13, 2016, 11:30:54 PM
#19

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

in my country bitcoin is not illlegal system, it's depending about for what you use bitcoin, if you using bitcoin for illegal activity you will be a fugitive, bitcoin is like normal currency
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September 14, 2016, 12:00:51 AM
#20

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
i think bitcoin is not illegal . but some persons are using bitcoin for illegal purpose so to get control over the floq of illegal activities some of the countries have banned the use of bitcoin in there countries . overall bitcoin is safe and pure legal .

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September 14, 2016, 12:10:57 AM
#21

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
i think bitcoin is not illegal . but some persons are using bitcoin for illegal purpose so to get control over the floq of illegal activities some of the countries have banned the use of bitcoin in there countries . overall bitcoin is safe and pure legal .
There is a board about bitcoin legality. https://bitcointalk.org/index.php?board=74.0
Initially governments were very cautious about it (political program of early users) but as it can bring money into their country they turn more positive towards it.

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September 14, 2016, 12:23:43 AM
#22

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
i think bitcoin is not illegal but use of bitcoin in sime countries is illegal because many people using bitcoin as criminal activities .
further more i will say there is no legit way which proves bitcoin as illegal .
it is a better way for worldwide payment but still some people uses it as only for earning purpose .


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September 14, 2016, 12:48:36 AM
#23

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
in my opinion there is no solid reasons to say bitcoin as illegal . because in reality it is not illegal but it is a way to make payment from any part of world to any part with independently .
i hope no one will say it as illegal or it is uses for illegal activity .
all over i will say bitcoin is a gift of god .


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September 14, 2016, 12:52:14 AM
#24

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
i think bitcoin is not illegal . but some persons are using bitcoin for illegal purpose so to get control over the floq of illegal activities some of the countries have banned the use of bitcoin in there countries . overall bitcoin is safe and pure legal .
There is a board about bitcoin legality. https://bitcointalk.org/index.php?board=74.0
Initially governments were very cautious about it (political program of early users) but as it can bring money into their country they turn more positive towards it.

i had also read this thread @virtualx . here in this Board only few countries had banned the bitcoin but many of countries are looking to declare as a real currency . my country also is in this list to declare btc as safe and legal to use .


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September 14, 2016, 03:24:31 AM
#25

Like everybody here saying, the government could not control it and they would not benefit.  But I do not think so, here in our country it is like legal because we can buy or deposit our money through bank and then it will be deposited to our bitcoin wallet and then you can exchange it into bitcoins.  The government still benefit from it through taxes that banks remittance center, those stores that were partner of bitcoin wallet through tax.

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September 14, 2016, 06:10:44 AM
#26

Because the system doesn't yet have a proper mechanism for dealing with it. The fact that Bitcoin is used worldwide makes it harder for individual countries to set up laws to control it. And since countries can't control users outside of their borders, it is easier for them to just ban their own people from using it.
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September 14, 2016, 10:22:14 AM
#27

Like everybody here saying, the government could not control it and they would not benefit.  But I do not think so, here in our country it is like legal because we can buy or deposit our money through bank and then it will be deposited to our bitcoin wallet and then you can exchange it into bitcoins.  The government still benefit from it through taxes that banks remittance center, those stores that were partner of bitcoin wallet through tax.
In theory it was not controllable by government. This was several years ago in 2011. In practice people use it to buy products which are taxed by the governments and exchange through banks. In the end a government still benefits from bitcoin and the benefits outweigh the negatives.

Because the system doesn't yet have a proper mechanism for dealing with it. The fact that Bitcoin is used worldwide makes it harder for individual countries to set up laws to control it. And since countries can't control users outside of their borders, it is easier for them to just ban their own people from using it.
It's easy to create a law but a law is obsolete if they cannot enforce it. Usually law makers have zero knowledge of technology.

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September 14, 2016, 12:16:31 PM
#28

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

i think country will not give any statement about illegal or legal of bitcoin, but maybe they will only said that every people which used and play with bitcoin will have their responsibilities, so if anything happen, don't blame other people which don't used or playing with bitcoin. i don't know if there was any statement about illegal or not about bitcoin in many countries.

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September 14, 2016, 04:37:20 PM
#29

Bitcoin can't be illegal because most countries, governments or state laws don't even recognize Bitcoin as money, currency or financial assets.
In my country, for example, nobody recognize bitcoin.
Even if I want, there is no way to report earnings from bitcoin to the tax authorities.
I can only report earnings if I sell Bitcoin and exchange to other, ''hard'' currency. Smiley















 

 

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September 15, 2016, 06:23:16 AM
#30

I believe that the more the government will delve into bitсoints, the worse it will operate the system. Introduce some restrictions, taxes, etc.
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September 15, 2016, 09:14:34 AM
#31

because every state has their rules and regulation and they have their own policies, if you going to start a business or going to do investment in a state you have to get permission from government and after that you can exercise such kind of activities. as bitcoin is still not recognize by any start or got permission form any state therefore it is still consider it as illegal.
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September 30, 2016, 01:40:56 PM
#32

Nobody forbids use bitcoints. Just as long as their status is undefined. The government for the first time confronted with the phenomenon. Now senior officials think what to do with bitcoints
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September 30, 2016, 03:37:37 PM
#33

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
Using the money the government regulates the economy through taxes ensures the existence of the state. Bitcoin prevents and so its use will be prosecuted.
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September 30, 2016, 03:53:01 PM
#34

And how do you administer bitcoin? If he gets wide distribution, it is possible to destroy the whole world.
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September 30, 2016, 05:29:41 PM
#35

Bitcoin will always be banned. Who controls the money, rules the world. I think the Americans will not allow a large spread of Bitcoin.
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September 30, 2016, 07:07:59 PM
#36

Bitcoin has circulated only on the Internet. It is difficult to deny. And walk in all countries, only the national currency. And no country will not allow the circulation of other currencies.
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October 13, 2016, 05:37:41 PM
#37

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

Bitcoin was still illegal to some country, because its not recognize by the government constitution of law and they will not allow bitcoin to be a legal currency. Because  in each country has only one recognized currency which represent to every countries identity.. Bitcoin don't have own country identity. Just like peso it represent the Philippines, YEN represent the country of japan. And other currency represents their country. But unfortunately Bitcoin don't have. I think this is one of the reason why some other countries bitcoin is still illegal.
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October 13, 2016, 05:50:51 PM
#38

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

Bitcoin was still illegal to some country, because its not recognize by the government constitution of law and they will not allow bitcoin to be a legal currency. Because  in each country has only one recognized currency which represent to every countries identity.. Bitcoin don't have own country identity. Just like peso it represent the Philippines, YEN represent the country of japan. And other currency represents their country. But unfortunately Bitcoin don't have. I think this is one of the reason why some other countries bitcoin is still illegal.
Any currency backed by state assets. What is behind the Bitcoin? Nobody knows. Therefore, he will never get the status of legal currency.
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October 13, 2016, 08:01:45 PM
#39

Bitcoin can break the monopoly of the dollar so America will never allow its recognition. And not only America had no interest in it.
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October 13, 2016, 08:34:06 PM
#40

And how it generally can be accepted as a currency if it cannot be kept in hand? And indeed what he achieved? There is not currency!
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October 14, 2016, 12:54:54 PM
#41

What will you do if Bitcoin collapses? Someone to claim? I am also against the recognition of unsubstantiated money
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October 14, 2016, 01:10:46 PM
#42

Bitcoin is a way to stay away from the banks, and of course government don't like that. Government like the idea to control our moneys and that's why some countries make bitcoin illegal.
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October 14, 2016, 01:40:16 PM
#43

Rather than the dollar for example is different from bitcoin? What difference in what currency to make money? The main thing that they could easily spend and the exchange rate was stable. In all this, bitcoin loses.
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October 14, 2016, 02:03:53 PM
#44

Why banks must accept bitcoin? It is possible to earn only on the Internet and spend there. Is it full payment?
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October 14, 2016, 02:30:34 PM
#45

I also agree. Let those who propose to accept bitcoin will show you an example and sell your property for bitcoins. But we'll see.
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October 14, 2016, 07:24:43 PM
#46

I also agree. Let those who propose to accept bitcoin will show you an example and sell your property for bitcoins. But we'll see.

It will have all the time and it can be done. But Bitcoin is not ready for such

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October 14, 2016, 09:10:29 PM
#47

Bitcoin is illegal because the people who say what is legal have expressed that Bitcoin is illegal. But, Bitcoin is NOT unlawful.

Legal people are not any different than other people. In many cases, they are the worst kind of evil people. Make your own legalism if you want. Make your statement that Bitcoin is legal. Get your friends and neighbors to make the statement with you. Make legal Bitcoin strong in your area.

Just one thing. You need to stop partaking of the government. You need to NOT be a citizen of any government that says that Bitcoin is illegal. If you don't, you contradict yourself. If you contradict yourself, you will fail.

Cool
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October 15, 2016, 11:34:40 AM
#48

Bitcoin will never be legal. You sell your house for bitcoins? This will get you the answer to the problem of legalizing bitcoin.
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October 15, 2016, 11:45:10 AM
#49

Interesting question.
In my opinion, because we are competition to the banks and they don't like us.
Also, government don't like us because of anonymity on Internet.
They can't control Bitcoin, and can't force us to pay taxes, report it as income etc.
Nobody is owner of Bitcoin, and nobody can control bitcoin.
Because of this reason, I don't really think that Bitcoin will be accepted by any official institution in the world.















 

 

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October 15, 2016, 12:19:19 PM
#50

Interesting question.
In my opinion, because we are competition to the banks and they don't like us.
Also, government don't like us because of anonymity on Internet.
They can't control Bitcoin, and can't force us to pay taxes, report it as income etc.
Nobody is owner of Bitcoin, and nobody can control bitcoin.
Because of this reason, I don't really think that Bitcoin will be accepted by any official institution in the world.


Maybe bitcoin was invented to undermine the economy of underdeveloped countries? After all, not the stability of their currencies makes people to look for earnings in other currencies.
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October 15, 2016, 12:32:12 PM
#51

Because Bitcoin is the tool for normal people to stand up against hard-core capitalism and capriciousness of the central banks world wide.
There is an elite that is fearing the potential of Bitcoin for the masses.

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
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October 15, 2016, 12:42:53 PM
#52

What is the potential? How many people have bitcoin and what it can buy? The role of bitcoin are overblown.
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October 15, 2016, 12:46:36 PM
#53

Because Bitcoin is the tool for normal people to stand up against hard-core capitalism and capriciousness of the central banks world wide.
There is an elite that is fearing the potential of Bitcoin for the masses.

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
No, it's simply a transfer of money without third party  Cheesy  The idea that it can take down central banks is a joke, banks and government are intertwined.
 
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October 15, 2016, 01:37:18 PM
#54

I can't understand, and who is stopping you to earn money online in dollars? Why bitcoin? Although I don't know how the Internet money.
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October 15, 2016, 01:52:20 PM
#55

At least in Russia the bitcoin and not go but the earnings in the Internet is not controlled. Will earn in other currencies. What's the problem?
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October 15, 2016, 02:37:17 PM
#56

I don't really believe in the theory of world conspiracy, but I think that bitcoin is some sort of Scam on a global scale. To store their savings is very dangerous.
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October 15, 2016, 03:14:49 PM
#57

I was quite happy with the dollar. Can not understand that you are not satisfied. If you want to buy such a car for bitcoins,then buy,but who you sell it?
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October 15, 2016, 03:18:01 PM
#58

I don't really believe in the theory of world conspiracy, but I think that bitcoin is some sort of Scam on a global scale. To store their savings is very dangerous.
Where do you store your savings?

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October 15, 2016, 03:22:22 PM
#59

I don't really believe in the theory of world conspiracy, but I think that bitcoin is some sort of Scam on a global scale. To store their savings is very dangerous.
Where do you store your savings?
I keep the dollars in the Bank. Then buy a property and rent it. Have on hand lots of money is not always appropriate.
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October 15, 2016, 06:13:59 PM
#60

The legalization of bitcoin does not benefit anyone. I think that even those who use it. Who and what will provide the currency?
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October 15, 2016, 06:38:44 PM
#61

What the Internet can ban bitcoin? I think the Internet can be everything. How can they tax it if it is not recognized?
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October 15, 2016, 07:03:17 PM
#62

Who wants to share their influence. The monetary unit allows any state to exercise control over the economy. They are already competing with the dollar, and then there's bitcoin.
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October 15, 2016, 08:04:08 PM
#63

Bitcoin is illegal in some countries because of some reasons. First of all, The governments don't like it. They see it as a threat against banks and fiat but not that big of a threat for now that's why they leave it alone for now. They also think that bitcoin = drug money many thinks that way because of media saying bad things about bitcoin. Finally, it is illegal in some countries because it tolerates cybercrime since the one using it is anonymous making it easy for him/her to buy drugs etc. on the deepweb that the police don't like.
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October 19, 2016, 01:34:54 PM
#64

Bitcoin is still illegal in some countries because government don't like it. They don't like it because of some reasons. First of all, bitcoin gives anonymity to it's user. It also gives users the chance to evade tax because of the anonymity it gives. Because of anonymity too it can be easily used for crimes and illegal transaction thats why they dont like it.

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October 19, 2016, 07:23:32 PM
#65

bitocin is illegal for some countries , as they consider it as illegal currency but still most of the people have no statement about bitcoin therefore bitcoin is not illegal for them.
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October 19, 2016, 10:50:24 PM
#66

bitcoin not ilegal
but much country not yet regulated this bitcoin

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October 20, 2016, 06:06:09 AM
#67

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

There are only few country that considered bitcoin as illegal and most countries does not implemented a law for bitcoin yet , like in a certain country from asia . It is not yet accepted in many stores or etc and it is not yet accepted by the government only some private sectors are working with bitcoin but it doesn't mean that it is illegal .

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October 20, 2016, 06:13:28 AM
#68

for some country the reasons why they are considering bitcoin as illegal or why they are not yet accepting it , maybe because of it's anonymity or they are thinking of it's use for some illegal transactions . and other reason is that they can never get the control of it's production of course they looking for tax i guess just like what the government are doing with our money .

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October 20, 2016, 09:38:07 AM
#69

bitocin is illegal for some countries , as they consider it as illegal currency but still most of the people have no statement about bitcoin therefore bitcoin is not illegal for them.
There is nothing illegal with Bitcoin at all and even the price is not stable, i can make some money just by investing.

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October 20, 2016, 10:51:26 AM
#70

The government is abusing the power of fiat. They don't want people to wake up and know that fact so they ban Bitcoins in their country. That would make people that already knows about Bitcoin to stop talking about it since it's illegal. If he's going to open it as a topic, most people would look at him as criminal or some sort of hackers.

To be honest, even if Bitcoins get illegalized somewhere in this world, people would still be able to use it since the Bitcoin network is decentralized.

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October 20, 2016, 05:52:46 PM
#71

Such decentralization does not happen. Someone manages them anyway. And I highly doubt that he will be able to compete with the dollar.
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October 20, 2016, 06:45:27 PM
#72

Such decentralization does not happen. Someone manages them anyway. And I highly doubt that he will be able to compete with the dollar.

I also think that Bitcoin can not compete with the dollar. He's just an alternative currency, and will never become mainstream. No it does not prohibit, but will not make the official currency
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October 20, 2016, 07:09:41 PM
#73

Bitcoin can go to the Internet among advanced users, but the spread it receives. May soon disappear altogether.
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October 20, 2016, 07:21:45 PM
#74

I also wouldn't be surprised if tomorrow bitcoin will disappear. He has no future and therefore no one will ever legalize.
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October 20, 2016, 07:51:22 PM
#75

Bitcoin is a big Scam which will affect everyone. Then let's see what will say those who wanted him to legalize.
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October 21, 2016, 12:59:25 AM
#76

because not yet regulated, only several country is regulated
not owner, founder satoshi nakamoto anonymous

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October 21, 2016, 01:03:38 AM
#77

im never hear any country ban bitcoin, and i think it's ust not yet regulated.
in my country bitcoin is not a legal currency and not a illegal activity too. it's seem only not a legal payment processor, but you still can use it.

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October 21, 2016, 09:23:33 AM
#78

Corrupt governments hate something that they have no control of.. therefore it's easy for them just to ban it.

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October 21, 2016, 10:18:11 AM
#79

In my country too, no one forbids the circulation of bitcoin. Just nobody wants it. Its circulation on the Internet will not solve the problem.
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October 21, 2016, 10:39:32 AM
#80

Why deal with bitcoin? Enough not to help it spread and he lost. Bitcoin is a fake and very soon people will understand it.
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October 21, 2016, 10:44:27 AM
#81

bitocin is illegal for some countries , as they consider it as illegal currency but still most of the people have no statement about bitcoin therefore bitcoin is not illegal for them.

I guess, they're reason is if they cannot make money its illegal, since money controls people. and they cannot control how bitcoins works, they dislike how the monetary system works, 

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October 21, 2016, 12:18:23 PM
#82

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
Bitcoin don't really needs in some countries where they don't accept it just because they their goverments don't wants to have another currencies to be use dollars is already okay for them if bitcoin will unban in some of countries like russia then it will be good as well bitcoin will be more stronger and more reliable in the future.



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October 21, 2016, 12:38:52 PM
#83

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
Bitcoin don't really needs in some countries where they don't accept it just because they their goverments don't wants to have another currencies to be use dollars is already okay for them if bitcoin will unban in some of countries like russia then it will be good as well bitcoin will be more stronger and more reliable in the future.
Russia is one of the first wants to introduce criminal responsibility for the execution of the cryptocurrency. The ruble has always been called "wooden". No one appreciates that. As soon as you can earn currency, people will do it. Russia's economy is already falling, and in this case will in General collapse.
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October 21, 2016, 01:01:53 PM
#84

because the government can't control  it.

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onelove2111
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October 23, 2016, 03:44:30 PM
#85

because the government can't control  it.

That's for sure. The government is afraid that cryptocurrency negative impact on the economy as a whole. Therefore, in many countries of Bitcoin illegal
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October 28, 2016, 04:52:16 PM
#86

Perhaps the price will be strengthened further, but only on condition that bitcoin will be outlawed. His popularity will only grow in the more civilized countries, and in other possible price will be much higher.
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October 28, 2016, 04:56:32 PM
#87

because the government can't control  it.
It is now much more interested in bitcoin started because it can use or have already done so, in illegal and unlawful projects, so anything is possible.
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October 29, 2016, 04:41:46 AM
#88

Perhaps still quite early to say a total ban on the trade market bitcoin currency and recognition cryptocurrency general. The fact that this market is still very young, and bitcoin not become so popular that it began to be considered with larger assets. I think that is still to come and bitcoin legalization will come soon.

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October 29, 2016, 04:46:35 AM
#89

Perhaps still quite early to say a total ban on the trade market bitcoin currency and recognition cryptocurrency general. The fact that this market is still very young, and bitcoin not become so popular that it began to be considered with larger assets. I think that is still to come and bitcoin legalization will come soon.
Actually not a lot of work needed to recognize bitcoin as waltzes and legalize it, to start power really want to have control over cryptocurrency and admission to all financial transactions. This may be the first condition.
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October 29, 2016, 05:59:47 AM
#90

It is legal, even Russian government admits it is legal now. Where is illegal?
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October 29, 2016, 06:58:08 AM
#91

i think because the government is not yet informed about the online virtual currency. maybe if someone can explain about this it will be legalized in your country. just hope that anyone will defend the side of the virtual currency in your country. or if not you can trade secretly from your country to another to have an extra income.

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October 29, 2016, 02:50:34 PM
#92

The government somehow believe the income of its citizens and their. And therefore, they do not want to share with anyone. Therefore, never recognize bitcoin.
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October 29, 2016, 09:54:41 PM
#93

I think that America is not beneficial to accept bitcoin. She will do everything to in the world no country did not. Why the dollar competitor to bitcoin.
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October 30, 2016, 09:04:21 AM
#94

First of it's very hard for a government to controll the use of Bitcoin so in democatic countries it's almost irrelevant whether it's legal or not. In the non-democratic countries the situation is different though: a neighbor might snitch on you and your place would be searched by the police, your computer confiscated and then even you never used Bitcoins they will "prove" that you were using them and put you in jail.

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October 30, 2016, 11:24:10 AM
#95

Why be put in jail? I think that such reprisals will not be. Just bitcoin will not be recognized. And if they want to ban bitcoin there is nothing difficult in it is not.
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October 30, 2016, 11:57:52 AM
#96

Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

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October 30, 2016, 05:43:08 PM
#97

If you allow bitcoin, the economy of weak countries can collapse. Why work for not a stable currency if there is a bitcoin? The world will be chaos.
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October 30, 2016, 06:08:47 PM
#98

Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.
Yeah same here in my country that most of them and governments are corrupt but we have new elected president and hope those corruption will gone..
And if bitcoin will be connected in government i think that it can affect the price movement of the price because its government do like our fiat..

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October 30, 2016, 06:09:07 PM
#99

If you allow bitcoin, the economy of weak countries can collapse. Why work for not a stable currency if there is a bitcoin? The world will be chaos.

There will be chaos if the government will take proper laws regarding cryptocurrency. This allows you to control cryptocurrency. And benefit from this and get people and government
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October 31, 2016, 11:27:06 AM

If you allow bitcoin, the economy of weak countries can collapse. Why work for not a stable currency if there is a bitcoin? The world will be chaos.

There will be chaos if the government will take proper laws regarding cryptocurrency. This allows you to control cryptocurrency. And benefit from this and get people and government

It is because bitcoin creates by binary program only. It is not totally illegal it is half legal because it is created by satoshi nakamoto. It is also for good money transaction in the internet which you can get bitcoin over the faucet and forum or given to you by your campaign if you have.


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October 31, 2016, 12:10:31 PM

Bitcoin in my country is not prohibited. The government did not take a position on this issue. Probably afraid to make a decision

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November 01, 2016, 10:48:03 AM

BTC is not illegal at all. As the government has not allowed it, people thinking its illegal. But think once: " has the government banned or restricted all countries from using BTC?


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November 01, 2016, 07:44:01 PM

the government does not like the fact that it can not control cryptocurrency. But it can not ban Bitcoin, because it will cause strong public resentment. Therefore, the government issues laws that control this type of currency
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November 02, 2016, 08:23:10 PM

Until not be accepted by the relevant law which prohibits, Bitcoin is not considered illegal. In my country there is no such prohibition. So I freely use Bitcoins

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November 04, 2016, 07:55:25 AM

many had a misconception about Bitcoin. many believe that they are used in illegal operations. This is all due to the fact that little information about cryptocurrency.

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November 05, 2016, 07:22:30 PM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
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November 08, 2016, 02:44:03 PM

Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

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November 08, 2016, 03:22:19 PM

Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

and prohibit the government can no longer cryptocurrency. This will cause strong protests from many users. But the government really wants to control this sphere of life
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November 08, 2016, 03:42:59 PM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
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November 08, 2016, 03:48:26 PM

Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

and prohibit the government can no longer cryptocurrency. This will cause strong protests from many users. But the government really wants to control this sphere of life
What government ever wonder what the citizens think? No one will listen. Just ban and all. What will you do? The protests dispersed, and users not so much.
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November 08, 2016, 05:32:38 PM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
And why is it legalized? Bitcoin is used by a very few people. Why make him walk? Money is the economy and no one wants to destroy it.
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November 14, 2016, 11:58:44 PM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
And why is it legalized? Bitcoin is used by a very few people. Why make him walk? Money is the economy and no one wants to destroy it.
In order for countries to recognize bitcoin currency, you must first enable the government to monitor users and take taxes from them. This is perhaps the best answers.

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November 15, 2016, 12:23:32 AM

Most of the government officials are corrupt and secretly stealing the people's money and I think this is also the one of the reason why do they ban and set bitcoin as illegal because they can't steal people's bitcoin. The other reason might be because they found bitcoin was hard to manage and they don't get what it bitcoin really all about, and the other thing is because in some country, bitcoin is the most payment that is required to buy drugs online to stay anonymously to the public, that's why the government get rid of it before it get worst.

And that is why the government do not allow bitcoin to serve as alternative financial system because they cannot be able to manage its production and also they cannot be able to order a tax to every users .

and prohibit the government can no longer cryptocurrency. This will cause strong protests from many users. But the government really wants to control this sphere of life
What government ever wonder what the citizens think? No one will listen. Just ban and all. What will you do? The protests dispersed, and users not so much.
The government will be punished for any reason, and if bitcoin will be outlawed, no rallies will not help. It already has jurisdiction, sweaty that the state in money matters, it is all very quickly.
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November 15, 2016, 12:49:04 AM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use
But of countries in developing countries cannot allowing this because they cannot control this and worry about use of this money can flow very quickly and they cannot manage to control this in developed countries they are allowing and most of peoples using this without any worry
Just think, when the government made it possible to receive money person and do not take interest from him? I think as soon as the time comes for the legalization of the power to quickly come up with methods for paying taxes.
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November 15, 2016, 03:32:42 AM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use


here also in Philippines, bitcoins was not considering illegal, some store nor remittances also selling bitcoins proving that bitcoins is not illegal, i think others was thinking about it because bitcoins doesnt requires you to pay even a single cents for tax. bitcoins are still not regulated by the Bangko Sentral ng Pilipinas (PSP) and they issue a statement on risks associated with bitcoin trading and usage.

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November 15, 2016, 11:36:31 AM

Bitcoin in my country is not prohibited. I was allowed to freely use this cryptocurrency. Taxes I did not pay for its use

Don't know where you are based, but you definitely should reconsider to make sure that you understand where you stand taxation-wise. The fact that you do not pay taxes does not necessarily mean that you do not have to.
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November 25, 2016, 07:04:46 PM

About illegal use bitcoin can already forget. Bitcoin as a distributed payment system in its development passed through three stages of growth, and at the moment its economy is primarily determined by the "legitimate payments, commerce and services."
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November 25, 2016, 07:15:34 PM

About illegal use bitcoin can already forget. Bitcoin as a distributed payment system in its development passed through three stages of growth, and at the moment its economy is primarily determined by the "legitimate payments, commerce and services."
What are you writing? Where in the world bitcoin uses a legal? Yes, as long as no criminal prosecution for its use, but the first attempts have already been made. For example in Russia.
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November 25, 2016, 08:24:05 PM

Recent concerns about the use of Bitcoins to perform illegal transactions at the moment exaggerated. With the economy growing like Bitcoin illegal transactions will become smaller
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November 25, 2016, 08:30:47 PM

Recent concerns about the use of Bitcoins to perform illegal transactions at the moment exaggerated. With the economy growing like Bitcoin illegal transactions will become smaller
Why do you think that bitcoin is growing along with the growth of the economy. World economies have not is growing. That is why is now so intensified protests. This begs the question, why is the bitcoin?
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November 25, 2016, 09:07:38 PM

Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.
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November 25, 2016, 09:47:42 PM

Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.
During the initial phase of bitcoin everybody could mine from their home computer and that is not a surprising discovery  Wink but how do you determine that it is used for illegal activities ,have you got any proof for these claims or simply phrasing to get a pop  or quoting any article you are planning to publish Smiley

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November 25, 2016, 10:04:34 PM

All understand and are aware that Bitcoin is an anonymous currency. So really use Bitcoin to criminal activity is likely, and it seems to me that many of the criminals have been using advanced bitcoin for their actions. After all, the authorities can not trace the sender until he opens.
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November 25, 2016, 10:47:10 PM

Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.
During the initial phase of bitcoin everybody could mine from their home computer and that is not a surprising discovery  Wink but how do you determine that it is used for illegal activities ,have you got any proof for these claims or simply phrasing to get a pop  or quoting any article you are planning to publish Smiley
Of course it would be good to discuss the real article, with links to originalnos but anything can happen. I've read about the interest of the Interpol to bitcoin th fact that they even collected Concilia on this occasion. But I do not remember where it is seen.
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November 26, 2016, 04:45:28 AM

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
The main reason why it is illegal in other countries is because they cab not control it. We all know that bitcoin is the mode of payment in dark market. It can be use neither legally nor legally, it depends on the people on how would they use it. In my opinion, the vision of bitcoin is good.

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November 27, 2016, 09:59:02 AM

Most countries say no to legalize bitcoin, but they didn't close their eyes. But I'm sure it's only a matter of time, certainly all developed countries are preparing a draft of the validity of bitcoin, developing countries will follow.

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November 27, 2016, 11:14:30 AM

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

Where are bitcoins illegal? China?


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While private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same.
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November 27, 2016, 02:44:47 PM

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

Where are bitcoins illegal? China?

Try this:

http://bitlegal.io/

There is a map in that website, which classifies the legality of Bitcoin by country. But remember that it is not the latest one. For example, although the situation in the US is given as "Permissive", some of the states (such as New York) are actually very hostile to Bitcoin.

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December 03, 2016, 06:30:42 PM

Characteristics and properties of Bitcoin, transaction anonymity, lack of control by any regulators, the absence of any security given algorithmically limited emission, inability to cancel the transaction, can be used even for trafficking and other crimes.
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December 03, 2016, 07:07:40 PM

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

Where are bitcoins illegal? China?


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While private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same.
In the first place there are questions of illegal transactions, tax evasion, money laundering, proceeds of crime. In fact, using the means of payment without necessarily identifying the members of the operation, these operations easier to perform.
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December 03, 2016, 07:38:12 PM

Characteristics and properties of Bitcoin, transaction anonymity, lack of control by any regulators, the absence of any security given algorithmically limited emission, inability to cancel the transaction, can be used even for trafficking and other crimes.
criminals is very beneficial irreversibility of committed transactions and block any transaction, even if we know exactly what this purse belongs to the perpetrator. But if only the negative thinking, then nothing happens.
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December 03, 2016, 08:24:27 PM

Today, for the Bitcoin began to make a big deal to buy the company, for example, casino SatoshiDice (also accept Bitcoin rate) was sold for 126,315 Bitcoins, seriously discussed the sale of land, some even sell a property for Bitcoin. And thanks to Bitcoin no taxes and no control.
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December 03, 2016, 09:11:04 PM

The Chinese authorities have banned the use of any virtual currency to pay for the real goods and services in order to protect its financial system. Likewise, they want to go to Thailand. Every year there are more and more evidence that Bitcoin becomes an outlaw.
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December 04, 2016, 07:28:51 AM

Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin
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December 04, 2016, 11:41:18 AM

If a government says bitcoin is illegal then there is definitely a secret agenda behind it, the most obvious reason will be, is that they are just afraid to lose control of the money system in their country, and it can result to losing control of its own people.
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December 04, 2016, 01:03:55 PM

Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.

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December 06, 2016, 09:04:09 AM

Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.
How about the possibility of banning exchanges ,how would the users cope up with that idea.if a government decides to ban crypto exchanges then they can definitely stop the process and that is a possibility in the future because bitcoin could be seen as a parallel currency which would harm a countries economy.
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December 06, 2016, 10:27:57 AM

Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.
How about the possibility of banning exchanges ,how would the users cope up with that idea.if a government decides to ban crypto exchanges then they can definitely stop the process and that is a possibility in the future because bitcoin could be seen as a parallel currency which would harm a countries economy.

The exchanges can't be banned. These are online websites, which can be operated from anywhere in the world (even behind a VPN). If China or Russia bans the exchanges, then they can easily shift their operations to some other country, such as Taiwan.

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December 07, 2016, 01:45:27 PM

Because the government can't control bitcoin, so the government make it illegal, because some of the user used it to buy illegal things such as drugs and weapons, and with bitcoin it is hard to trace down who bought the items, so the simple solution from government is ban the coin

It is not possible to ban the crypto-currency. The internet users are always one step ahead of the government. The law enforcement authorities may be able to detain a few people who are not that good with technology. But they will never be able to arrest the experienced users.
How about the possibility of banning exchanges ,how would the users cope up with that idea.if a government decides to ban crypto exchanges then they can definitely stop the process and that is a possibility in the future because bitcoin could be seen as a parallel currency which would harm a countries economy.

The exchanges can't be banned. These are online websites, which can be operated from anywhere in the world (even behind a VPN). If China or Russia bans the exchanges, then they can easily shift their operations to some other country, such as Taiwan.
Well, let's start with the fact that China considers Taiwan its territory. As for bitcoin it seems to me that it is the work of the global stock speculators and very soon they will cease to exist.
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December 08, 2016, 06:20:31 AM

Experts tracked story addresses the transaction and concluded that the first two phases of network development in the area was dominated by transactions of mining and illegal activities.

there are some country that do accept bitcoin as legal currency in their country and before now there have a means of mining it using their computer maybe with the use of soft as we all know bitcoin is a digital currency.

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December 08, 2016, 06:24:43 AM

Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
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December 08, 2016, 09:59:26 AM

Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?
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December 30, 2016, 06:39:56 PM

Only the legal business can add the popularity of bitcoin and the main thing that no accepted.
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December 30, 2016, 07:26:24 PM

Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?

Yes, you are asking the right questions. But I believe that cryptocurrency no longer be able to depreciate the reason that the game has already invested a lot of money. Bitcoin now "ensure" these investments and expensive equipment for mining
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December 30, 2016, 07:57:14 PM

Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?

Yes, you are asking the right questions. But I believe that cryptocurrency no longer be able to depreciate the reason that the game has already invested a lot of money. Bitcoin now "ensure" these investments and expensive equipment for mining
anonymous transactions, lack of control by any regulators, the absence of any security given algorithmically limited emission, inability to cancel the transaction, all of which can have an impact if you use bitcoin illegally.
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December 30, 2016, 08:16:04 PM

Bitcoin can be illegal or sometimes not encourage in some countries because they see the digital coin as a threat as it is something they can not control partially or completely. Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.
I agree. Taxes is the most important thing, but there is also the question of who and what provides value in cryptocurrency? What if tomorrow will no longer buy such as bitcoin? Where you will get to the rest of him?
For example using a means of payment without necessarily identifying the members of the operation, rredstva of crime translating into such transactions to make easier. Also on hand to criminals irreversibility of committed transactions and block any transaction, even if we know exactly what this purse belongs to the perpetrator.
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December 30, 2016, 09:04:50 PM

Only the legal business can add the popularity of bitcoin and the main thing that no accepted.
Despite all the possibilities for search and identification of persons using Bitcoin illegal schemes, these opportunities have yet to learn how to use. Technical competence and understanding of the cryptocurrency in law enforcement is not yet at a level that will effectively deal with the new risks.
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December 30, 2016, 10:40:34 PM

They mainly get banned because of the lack of controll by the government, also cannot be taxed.. so it's not that good in the governments eyes.

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December 31, 2016, 03:31:48 AM

Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.

Although Bitcoin transactions are hard to trace, once you convert your coins to fiat it becomes easier for the government to track you (that is, unless you are exchanging for physical cash). So honesty doesn't matter.

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December 31, 2016, 05:12:54 AM

No one said it was illegal. But no one has admitted it. At present, it is just a mathematical and financial theory conjecture experiment, if after the function and use it if changed, violated the national currency interest, there may be ruled illegal.
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December 31, 2016, 06:12:59 AM

It is banned in and deemed illegal in some countries because it is prone to tax evasion, money laundering and it can be used in illegal and illicit activities without being known. Aside from that it is also a threat to banking system and cannot be regulated and controlled by the government.

With these reasons some countries just banned bitcoins also as a means to cmake tax collection efficient and to close any possible gateway for illegal transactions to occur.

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December 31, 2016, 06:33:02 AM

No one said it was illegal. But no one has admitted it.

You are wrong. Some countries, such as Switzerland and Singapore have legalized Bitcoin, and have even introduced laws aimed at its regulation. On the other hand, only a few countries (such as Vietnam and Iceland) have banned it explicitly.

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January 01, 2017, 02:17:19 AM

Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.

Although Bitcoin transactions are hard to trace, once you convert your coins to fiat it becomes easier for the government to track you (that is, unless you are exchanging for physical cash). So honesty doesn't matter.
Since you made bitcoin transactions, I don't think it would be easier for the government to track you if you exchange it for physical cash. Unless you did illegal activities and someone reported you, that is the time, government will focus on you and will find way to track you.

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January 01, 2017, 09:26:11 AM

Plus, it can be hard to trace many transactions and implementing taxes can be near impossible not unless you can really be so honest with your dealings online.

Although Bitcoin transactions are hard to trace, once you convert your coins to fiat it becomes easier for the government to track you (that is, unless you are exchanging for physical cash). So honesty doesn't matter.
Since you made bitcoin transactions, I don't think it would be easier for the government to track you if you exchange it for physical cash. Unless you did illegal activities an