BitCoin - Where is it illegal ?

[QCLUZEL67]

Hello !


I know for example that in Russia, Bitcoin is now considered as illegal since few months.

And I just want to know if someone can give me (give me a website link) where is an exhaustive country-list about  whether this money is legal or not ?
I did not find it on Internet ...

Thanks in advance !

[1714938408]

1714938408

[eternalgloom]

Are you sure that Bitcoin is actually illegal in Russia currently? According to that Wikipedia list, it's not.
Here's a list of the legality of Bitcoin per country, but I don't know how up to date it is.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

[bitbunnny]

I don't think either Bitcoin is illegal in Russia. There were some rumors about it but as far as I know Russian government hasn't actually declared Bitcoin as illegal. And even if it is that wouldn't stop Russian hackers from using it it's their best income source. Maybe it would have become even more popular.

[LTU_btc]

As of November 2016, Bitcoin are "not illegal" (this according to a Russian federal tax service letter): https://news.bitcoin.com/russian-tax-office-legal-bitcoin/
Earlier Russia had intentions to announce bitcoin as illegal currenyc, but strangely, these plans didn't turn into reality.
You can check bitcoin legality by country here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country. As you can see, bitcoin ilegal in Bangldesh, Thailand, Bolivia, Kyrgyztan and some other countries. But mostly countries have no reguations to bitcoin.

[legendbtc]

Not only Russia many countries till now not declared bitcoin is illegal. Many people are actively using bitcoin for their daily need and profits making through bitcoin. Even in some countries has given permission to people to exchange bitcoins to their fiat currency. Till now no government ban bitcoin and din't announce bitcoin is illegal activity.

[Lionidas]

There has been raids of mines in Venezeula so that would be a sort of ban on bitcoin in a way.
Their government is not wanting those mines to exist because of their current situation with their fiat not being worth so much and I would assume that means they can not and are not collecting taxes on it. So they do not want anyone to be able to legally use it.
That is the main reason why governments want to ban it in the first place.
Atleast that is how I see the major reason in them to do so.

[Kemarit]

Hello !


I know for example that in Russia, Bitcoin is now considered as illegal since few months.

And I just want to know if someone can give me (give me a website link) where is an exhaustive country-list about  whether this money is legal or not ?
I did not find it on Internet ...

Thanks in advance !

I know Russia backtracked its ban on bitcoin. Though I'm not really sure.

Link: https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

Also, I don't know if the list is updated or not. I see India and China in the list,
I know bitcoin is not ban in those countries, they are just being regulated right now.

[FaucetKING]

Is This Real ? BTC Illegal in Russia ?

[Amph]

Is This Real ? BTC Illegal in Russia ?

no it's not banned or either illegal, they are still deciding how to identify it

i know that for the time being it's illegal in bangladesh and thailand, and they arrested some miners in venezuela, you can take a look here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

[BitHodler]

Is This Real ? BTC Illegal in Russia ?

no it's not banned or either illegal, they are still deciding how to identify it

i know that for the time being it's illegal in bangladesh and thailand, and they arrested some miners in venezuela, you can take a look here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Problem with Russia is that one time it looks like they (at least some high level politicians) are quite Bitcoin friendly, where later articles find their way to the net that Russia is planning to highly restrict Bitcoin usage.

These constant opposite signs of acting make all news in this matter that come from Russia untrustworthy. Not sure whether or not it's (on purpose) wrongly translated, or that Russia really doesn't know what to do with Bitcoin.

But the best thing is to take all these news articles with a grain of salt, or better said, a truckload of salt. Especially in a time where fake news articles are popping in big numbers.

[Kemarit]

Is This Real ? BTC Illegal in Russia ?

no it's not banned or either illegal, they are still deciding how to identify it

i know that for the time being it's illegal in bangladesh and thailand, and they arrested some miners in venezuela, you can take a look here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Problem with Russia is that one time it looks like they (at least some high level politicians) are quite Bitcoin friendly, where later articles find their way to the net that Russia is planning to highly restrict Bitcoin usage.

These constant opposite signs of acting make all news in this matter that come from Russia untrustworthy. Not sure whether or not it's (on purpose) wrongly translated, or that Russia really doesn't know what to do with Bitcoin.

But the best thing is to take all these news articles with a grain of salt, or better said, a truckload of salt. Especially in a time where fake news articles are popping in big numbers.

Yes. It looks like there's a lot of contradiction with regards to bitcoin acceptability in Russia
And it looks like Russia are banning a lot of websites recently like putting a internet crackdown
of sort. So they are putting a lot of censorship, and it looks like bitcoin will be affected, And
definitely one should take news coming from Russia with a grain of salt.

[rajasumi3]

You can google it down that in which countries bitcoin is illegal .but i am sure of thing that russian has not banned bitcoins , they are deciding till now what to consider bitcoins as.as of my information till now, my neighbouring country does not allow BANGLADESH does not allow the use of bitcoins at all . Anyone possession bitcoin , under federal offence would be under custody.

[d5000]

In some of the countries where one often can hear that "Bitcoin is illegal", things are not so clear.

One example is Ecuador. What the Parliament of this country did in 2014 is prohibe the emission of "money" by entities not authorized by the government. But in no point of the law cryptocurrencies are mentioned, so it's not clear if "money" applies to cryptocurrencies, or if they are a kind of "token" like airline miles. And in another article of the laws it says, "the sole money in Ecuador is the US dollar". So one could interpret the ban as be directed to counterfeiting.

But I have read that there were pressures by authorities to Ecuadorian merchants that have accepted Bitcoin to cancel this payment option. But trading seems going fine there.

The point is: It is not easy for a (~democratic) government or legislature to ban bitcoin completely. They would have to justify why the ban only applies to Bitcoin and not to other "private payment tokens" like airline miles, otherwise the ban could be against the constitution.

[crypto serina]

Is Bitcoin legal in India??

[zeze18]

indeed in some countries banned and bitcoin recently Taiwanese government strictly prohibits the existence of bitcoin in their country,, https: //www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/

[Amph]

Is Bitcoin legal in India??

yes it is, they even started using it more after they had some of their big note banned

in the past it was controversial, there was a time where in india it was made not really usable, maybe not exactly banned, but people ere fearing the government which was agianst bitcoin, then they changed their mind later

probably all those government that change their mind against bitcoin is because they admit that they can't stop it....

[crypto serina]

Is Bitcoin legal in India??

yes it is, they even started using it more after they had some of their big note banned

in the past it was controversial, there was a time where in india it was made not really usable, maybe not exactly banned, but people ere fearing the government which was agianst bitcoin, then they changed their mind later

probably all those government that change their mind against bitcoin is because they admit that they can't stop it....

Thank you for information.

[btcdiggingmaster]

Is Bitcoin legal in India??

yes it is, they even started using it more after they had some of their big note banned

in the past it was controversial, there was a time where in india it was made not really usable, maybe not exactly banned, but people ere fearing the government which was agianst bitcoin, then they changed their mind later

probably all those government that change their mind against bitcoin is because they admit that they can't stop it....

Now I see some speculation going in India regarding bitcoin, One of their parliament members announced that bitcoin is a Ponzi scheme. But people are still using bitcoin in India without any problem.

[olubams]

Hello !


I know for example that in Russia, Bitcoin is now considered as illegal since few months.

And I just want to know if someone can give me (give me a website link) where is an exhaustive country-list about  whether this money is legal or not ?
I did not find it on Internet ...

Thanks in advance !

I will say in most countries it is considered illegal by those countries that have developed enough to take a stand concerning the legality of bitcoin. In other places where the law is still silent and government is yet to take a position, we can say its not illegal but the body language of agencies of government is suggesting to the negative as in tending to the illegality of bitcoin eventually...

[CryptoManiac54]

It's not technically illegal.

As others have already said, It's a tricky issue because bitcoin "technically," qualifies as an alternative method of payment, but not an alternative currency.

So several countries (like Bolivia) have banned all other currencies other than their state dollar, but not all alternative payment methods.

Thus, it's somewhat arbitrary whether Bitcoin falls under the domain of a payment method which is able to be banned or not.

I'd personally say don't worry about it!