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Author Topic: Will Bitcoin will be declare as legal or not ?  (Read 5675 times)
pawanjain
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May 30, 2017, 04:29:52 AM
 #1

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.


Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

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May 30, 2017, 05:10:55 AM
 #2

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users

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May 30, 2017, 08:58:00 AM
 #3

I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future
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May 30, 2017, 03:45:22 PM
 #4

If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.

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May 30, 2017, 05:21:05 PM
 #5

If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.

I think if bitcoin is managed by the government will certainly change all rules that have become bitcoin performance system, of course function of bitcoin freedom will be eroded by new regulations that may be applied by government

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pawanjain
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May 31, 2017, 05:53:49 AM
 #6

If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.

I think if bitcoin is managed by the government will certainly change all rules that have become bitcoin performance system, of course function of bitcoin freedom will be eroded by new regulations that may be applied by government
No brother , the Bitcoin's rule will remain at one place and government rules will remain at one place .
Because if it get legalised or even get regulated then still we can use Bitcoin for the trading as well as for payment worldwide .

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May 31, 2017, 05:58:06 AM
 #7

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users
How can you say , may be in next two year , lol .
today is 31 may and this is last day to suggestions for the government of India .
I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future
no brother , it will get ban or illegal in the same year , because the ransomeware attack made the attention fully , you can see at the mygov.in about the petition .
If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
Yes , totally true , This will be the solution for use .
Because at the one side we can't exit from the Bitcoin but also at the second side we have the responsibility to not to violate the law of taxation , so regulation is better option and then we will be able to use Bitcoin legally .

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May 31, 2017, 02:48:38 PM
 #8

When government is ready to take a decision, no one will force them and I would suggest preempting their decision line is not the best as this would lead to unnecessary speculation which is going to further worsen the volatility issues surrounding bitcoin at the moment. All I know is one of the major factor that will influence government decision is that tax that will be generated and how it will be done by the exchange site. The moment this has been achieved every other thing will fall in line.

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May 31, 2017, 05:36:09 PM
 #9

Its up for the government, but if I were to suggest being legal is better, there will be some issues such as using it for illegal dealings but as a countermeasure bitcoin users can easily bring money to their country from another. So it easily helping with their economy just like that.

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June 01, 2017, 04:57:57 AM
 #10

If we look at prospect of bitcoin there is a possibility that someday the government will give legality to bitcoin and participate in it. And if bitcoin is declared legal then bitcoin security will be more assured.
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June 01, 2017, 03:33:42 PM
 #11

To me, the concept of bitcoin was to take money out of Government control. But when a government makes bitcoin official currency, there is the likelihood that one day they could want to control it. However, bitcoin circulation is individualistic. There is no central bank for bitcoin so it will be difficult to ban it.

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June 01, 2017, 04:20:13 PM
 #12

I think to make a decision that bitcoin to be legal currency is need too much regulations and I am sure it will take lot of time and there will be consequences after it. The government surely think the main currency in India and also make it stable is most important than bitcoin. So why they could take a hard decision to make it legal?
The best moves that your government can do is netral. I mean the central bank cannot regulate bitcoin, government doesn't take any responsibility for all kinds of losses and people will use it with their own risk.

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June 01, 2017, 05:01:19 PM
 #13

I think not so soon we will get Bitcoin legalized by the India Government as their are so many regulations they have to make it before announcing it as legal currency. And every time India is standing in last to accept the new technology after the whole world experience it after that only they will start to work on it.

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June 01, 2017, 05:48:52 PM
 #14

We cannot really say because it is the government's call. Nonetheless, I think there is a possibility of it being declared legal because of the apparent inconsistencies of the government that we see. Bitcoin has such a huge impact in the market that it cannot just be eradicated all at once since it exists online without need of any official body to man its operations.

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June 03, 2017, 05:22:52 AM
 #15

do you think that if they declare it illegal, i wold not use it anyway if i was an indian citizen?

again this is the same old argument, they can't track soemone who is using bitcoin, they will never be able to do so, if i pay for somethign abroad and receive it in india by using bitcoin, there is no way they can know about it

banning bitcoin and make it illegal is just a way to put fear in people, because they fear themselves bitcoin, and want to restrict the usage, but you can still use it without any problems
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June 03, 2017, 08:54:02 AM
 #16

i think they will not banned bitcoin due to its popularity and growth in international market..its becoming worldwide currency..they just need to ensure that all are ok and no illegal work is going on..
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June 03, 2017, 06:15:52 PM
 #17

Maybe in some countries it is legal but in many bitcoin countries it still has not been said legal or still illegal, but with the development of bitcoin all over the world will legalize bitcoin. Roll Eyes

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June 05, 2017, 07:11:08 PM
 #18

If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
Yes , totally true , This will be the solution for use .
Because at the one side we can't exit from the Bitcoin but also at the second side we have the responsibility to not to violate the law of taxation , so regulation is better option and then we will be able to use Bitcoin legally .

But you know to use Bitcoin legally can be worse, right? You will need to pay higher fees than you pay now to transfer money, and maybe there will be extra fees when buying stuff in your country. You would need to spend more Bitcoins to buy less things, it's not a very good deal, only for the government of course.

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June 05, 2017, 10:46:28 PM
 #19

considering what india has done to gold and cash then i don't see a happy ending for bitcoin there on a legal basis. that don't mean it won't thrive off the books but it could be over before it started in a legit sense.

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June 06, 2017, 12:25:14 AM
 #20

considering what india has done to gold and cash then i don't see a happy ending for bitcoin there on a legal basis. that don't mean it won't thrive off the books but it could be over before it started in a legit sense.

I agree. The fact that Bitcoin is under scrutiny seems to portend bad news. Governments, especially countries without an open economy like India, like control. If they can't control something, the usual knee jerk reaction is to make it illegal.
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June 06, 2017, 02:56:06 AM
 #21

Monkey see monkey do, so in other words, many countries will adopt bitcoin because they see the leaders are making it legal like Japan, even though bitcoin is not the one with many features yet, it has a high price only for been the first, but smart contracts from Rootstock are been developed and this will attract more users...

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June 06, 2017, 02:58:21 AM
 #22

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.


Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

"4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal ."
Because they think in terms of scarcity, fear, limited thinking, narrow point of view, corporation support oriented, capitalism oriented, just to mention few of the reassons..

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June 06, 2017, 09:23:12 PM
 #23

Monkey see monkey do, so in other words, many countries will adopt bitcoin because they see the leaders are making it legal like Japan, even though bitcoin is not the one with many features yet, it has a high price only for been the first, but smart contracts from Rootstock are been developed and this will attract more users...
yes in fact by accepting bitcoin as legal currency by the japan now the other countries may also be thinkin about the legalization of bitcoin. I am sure that very soon they will also take a very positive step about bitcoin and the price of bitcoin will again become skyrocket. may be other countries have already start thinking about the legalization of bitcoin. as their people have already accepted bitcoin.
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June 07, 2017, 04:19:31 AM
 #24

Monkey see monkey do, so in other words, many countries will adopt bitcoin because they see the leaders are making it legal like Japan, even though bitcoin is not the one with many features yet, it has a high price only for been the first, but smart contracts from Rootstock are been developed and this will attract more users...
yes in fact by accepting bitcoin as legal currency by the japan now the other countries may also be thinkin about the legalization of bitcoin. I am sure that very soon they will also take a very positive step about bitcoin and the price of bitcoin will again become skyrocket. may be other countries have already start thinking about the legalization of bitcoin. as their people have already accepted bitcoin.

Of course this is a good thing if many countries provide support and give legality to bitcoin.
And it seems that this will have a positive impact on the progress of bitcoin both in terms of popularity and of course will get a stable price.

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June 08, 2017, 07:33:19 PM
 #25

Monkey see monkey do, so in other words, many countries will adopt bitcoin because they see the leaders are making it legal like Japan, even though bitcoin is not the one with many features yet, it has a high price only for been the first, but smart contracts from Rootstock are been developed and this will attract more users...
yes in fact by accepting bitcoin as legal currency by the japan now the other countries may also be thinkin about the legalization of bitcoin. I am sure that very soon they will also take a very positive step about bitcoin and the price of bitcoin will again become skyrocket. may be other countries have already start thinking about the legalization of bitcoin. as their people have already accepted bitcoin.

Of course this is a good thing if many countries provide support and give legality to bitcoin.
And it seems that this will have a positive impact on the progress of bitcoin both in terms of popularity and of course will get a stable price.
yes we are expecting that bitcoin is going to be declare as legal currency but i think it will take some more time. because most of the countries are still thinking about the legality of bitcoin.and they can take any step after a lot of conformation and  studying every aspect of btcoin. its impact on a country economy, on their fiat currency and much more therefore it can really take some more time.
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June 09, 2017, 05:06:30 PM
 #26

The only way they will declare it legal is if they can track and tax every transaction. That means tying an identity to each bitcoin address. I doubt anyone wants that.
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June 10, 2017, 11:29:20 AM
 #27

I don't think it would.. Not just for the sake of legalization but its a decentralized cryptocurrency.. Don't u agree??? Huh Huh

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June 10, 2017, 02:48:20 PM
 #28

AFter some months when All other big country have used the bitcoin as currency and are running perfectly after this only India will start to think of legalizing Bitcoin. Because India never takes first step for any new ideas.
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June 10, 2017, 03:00:41 PM
 #29

AFter some months when All other big country have used the bitcoin as currency and are running perfectly after this only India will start to think of legalizing Bitcoin. Because India never takes first step for any new ideas.

There might be reasons for that.
It is a risk, maybe that is what they are thinking.
Too much of capital is needed. One more good reason.
Being a country with a low value of currency will make it hard to adjust specially their technology.
Japan could do it because they have been one of the countries with great technologies.
It will be easier for them to make good use of bitcoin.

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June 17, 2017, 12:37:49 AM
 #30

I think most goverment consider bitcoin legal nowadays. Bitcoins growth and transformation is massive with tremendous amount in Capitalization, lot of traders are into it and it will contribute economically of course.

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June 17, 2017, 06:13:10 AM
 #31

the problem is, without 1984 Orwellian control of the internet how would a centralized government declare bitcoin ILLEGAL?

Just from my knowledge of federal legal statues here and how they are passed it requires enormous political capital requiring confirmation super-majorities (2/3) in the house and the senate, an executive sign-off AND a majority supreme court decision.

Basically the enormous burden of proof will have to fall on elected officials and legal experts with 20+ minimum experience practicing in the field to cite good cause as to how and why they should ban the currency, if they even can, how these regulation/criminal code changes will be executed/implemented and what to do with those U.S citizens that have a stake invested in bitcoin in which they have 0 probable cause to seize such as a commodity. Just sounds like even if it was illegal the burden of proof would be enormous to be able to convict beyond a reasonable doubt the use of bitcoin especially when people get better with security methods such as using tor and linux-based operating systems as well as the manner in which they browse (different cpus, thumb drives, changing IPs as well as using wireless that either doesnt belong to you or are public hot spots).

Legally speaking even IF the regulations were CLEARLY spelled out word for word the execution and interpretation of this law (indictment and conviction under a jury-trial giving the defense every legal opportunity awarded to him) is virtually impossible, even for a government as big and powerful as the U.S. Hell even China couldnt do this which is why ppl are finally putting real value and equity (or transferring should i say) into BTC... the foundation of the method of exchange, ledger and storage of such currency is just too sound and the security will only get BETTER over time.

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June 19, 2017, 02:29:12 PM
 #32

For my own reason or opinion,I think It will be declared as Legal in a open country and in an short finance country.Because bitcoin can increase the value of your money and these can help people to rely on their minds in financial status.So I think it will be legalized

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June 19, 2017, 09:59:57 PM
 #33

Right Now its Fully ilegal Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users. And this time the blcokchain start in india money of crypto currency work in india. Then After few Years bitcoin and also more some coin will legal in india.
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June 20, 2017, 01:18:01 AM
 #34

depends what you mean by legal.. australian, swiss and china have already legalized it

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June 20, 2017, 08:53:17 AM
 #35

AFter some months when All other big country have used the bitcoin as currency and are running perfectly after this only India will start to think of legalizing Bitcoin. Because India never takes first step for any new ideas.


Yes you Right.  But I can tell this india start work with blockchain .. the are create TCC crypto Currency. ASAP then create new invention for his country .
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June 20, 2017, 07:49:46 PM
 #36

I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future

I think same as you, it's need time to become totally legal
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June 20, 2017, 08:29:02 PM
 #37

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users



Yes.. Next few years bitcoin and also blcokchain business approve in many country. because its grow up day by day and and people interested more and more. just few days Malaysia country  use 35% use bitcoin.   
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June 20, 2017, 10:41:53 PM
 #38

iNDIA  declaring bitcoin as legal is not possible at this time till some country implement it and prove the positive sides they wont take risk and in India the government is corrupt so they wont give bitcoin legal status until they find it profitable for them.

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June 20, 2017, 11:11:42 PM
 #39



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .


I have done so. My account is registered and I personally believe Bitcoin is a good option to rid the world of black money too. Because of its consensus system, it prevents the creation of new Bitcoin. This converts to a deflationary currency too. This can help with India's inflation and perhaps strengthen the economy. Maybe Bitcoin will be accepted soon. Once we make the Indian government aware of the advantages of Bitcoin, I presume that they would accept Bitcoin. I mean they have no reason not to. Bitcoin only provides advantages to them. But saying that, I don't think they would abolish fiat either.
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June 21, 2017, 05:47:48 AM
 #40

iNDIA  declaring bitcoin as legal is not possible at this time till some country implement it and prove the positive sides they wont take risk and in India the government is corrupt so they wont give bitcoin legal status until they find it profitable for them.

my Indian friend and of course a bitcoiner told me that this upcoming June 30, India will be legalize bitcoin.
That's good news and we should expect another climb in bitcoin. Hurray!  Grin

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June 21, 2017, 10:48:28 AM
 #41

With increasing state adopting bitcoin and declaring its legality certainly makes the foundation of bitcoin system more robust, and maybe someday bitcoin will get its legality in various countries along with its rapidly growing.
And it is likely to quickly achieve stable bitcoin prices.

,



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June 22, 2017, 10:13:01 PM
 #42

I am sure that very soon many countries will take a very positive step about bitcoin and the price of bitcoin will again become skyrocket. May be some countries have already start thinking about the legalization of bitcoin.
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June 23, 2017, 11:40:30 AM
 #43

If other countries keep adopting as Japan did, it may pressure reluctant countries to allow it. They may not ban it outright, but may allow people to use it informally. What I think will happen is that countries will develop their own national coin and blockchain.

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June 23, 2017, 08:25:49 PM
 #44

In my opinion the Bitcoin's rule will remain at one place and government rules will remain at one place .
Because if it get legalised or even get regulated then still we can use Bitcoin for the trading as well as for payment worldwide .
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June 26, 2017, 11:10:50 AM
 #45

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.


Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .
I really hope that it will become legal but as the progress of bitcoin. Unknown trsansaction in online cannot be trace and can be use in illegal transactions like silkroad so government was against the bitcoin i guess but bitcoin will become illegal in the future as it continue adopt.

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June 26, 2017, 02:53:28 PM
 #46

I just find it strange that a government would try to legalize and regulate something they ultimately have no control over whether regulated or not. Besides, it's the world bank that would have ultimate control because the world bank controls the actions of banks in most every country.
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July 08, 2017, 06:50:34 AM
 #47

To our knowledge, Bitcoin has not been declared illegal in most countries. Although there are some countries (such as Argentina and Russia) that strictly prohibit foreign currency. Other countries (such as Thailand) restrict certain currency entity entities such as Bitcoin exchange.

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July 08, 2017, 07:34:22 AM
 #48

It's tough to predict the future but I would have to side with the thought that they will keep it flowing. it's great for economies simply with the technology alone.

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July 08, 2017, 02:29:56 PM
 #49

As government of india is moving to electronic methods of payment, i feel bitcoin can be declared as Legal but with certain rules and regulations. It would take some time to formally declare or consider it as legal.
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July 11, 2017, 11:38:29 AM
 #50

Actually Bitcoin has many advantages for its users, but if the user is using Bitcoin for criminals of course the government will stop it. And that is certainly a matter of consideration for the government whether Bitcoin will be legal or not.

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September 21, 2017, 02:09:50 PM
 #51

Maybe in the next few years it will be declare as legal because there are many users right now. So this Bitcoin will be known and will be legalize and have many obligations to pay. But in my opinion, I would be happy if bitcoin will not be legalizing because there is no need to pay tax.

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September 21, 2017, 02:41:40 PM
 #52

Bitcoin is already legal in many countries, and it's perfectly possible that in the close future it will be accepted just as widely as any usual state-regulated currency. Today it's already possible to say that more and more people find Bitcoin more reliable and applicable to use than usual currencies, and this certainly will influence its legal status in the future.
Although this question is rather of a political nature; democratic societies with stable and transparent economies are more likely to accept cryptocurrencies legally.

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September 21, 2017, 03:29:14 PM
 #53

How about in ASIA what countries do bitcoin accept as legal according to their constitutions? Is there any that 100% legalize? Thanks.

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September 21, 2017, 03:58:30 PM
 #54

How about in ASIA what countries do bitcoin accept as legal according to their constitutions? Is there any that 100% legalize? Thanks.

Nobody can guarantee which countries will or will not legalize it; especially when talking about multiple countries. Hypothetically, every government may legalize it, but nobody will give 100% guarantee. But it's the same for any currency, or more broadly, any phenomenon on the market: you can't be completely certain in many issues, especially with regard to various legal/political regimes of each country.
One could suggest that it will be legalized globally, however it's unclear how much time this process can take.

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September 22, 2017, 08:41:30 PM
 #55

What I see in all this is that countries are actually sitting on the fence on the issue of whether to declare illegal. Rather they choose the word ban because that would mean they can wake up tomorrow and spin the news that it is now unban or that citizens can now participate after they meet some certain conditions. However, no one actually knows but what I am sure is that they are equally observing the way things are going.

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September 22, 2017, 10:03:24 PM
 #56

I believe they will declare it legal in the end. Even now in some European Countries there are Universities that accept payments for the tuition fees with BTC

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September 23, 2017, 12:48:58 AM
 #57

How about in ASIA what countries do bitcoin accept as legal according to their constitutions? Is there any that 100% legalize? Thanks.

The country country in Asia that has declared bitcoin legal is Japan. Its the first country to do so. But I don't know if other country will make it legal though. There's a lot of debate inside and outside of a particular country so it make take years before another one legalized it. Its more of putting a regulation so that it will not be abuse or give protection to their citizens. That's is the main point of the Central Bank, because bitcoin is decentralized and they can't control it that's why bitcoin has getting a hard time being legalized.

http://www.businessinsider.com/bitcoin-price-spikes-as-japan-recognizes-it-as-a-legal-payment-method-2017-4


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September 23, 2017, 08:45:28 AM
 #58

I believe they will declare it legal in the end. Even now in some European Countries there are Universities that accept payments for the tuition fees with BTC

Do not think they will declare it legal because they may try to bring their own currency which government will have control and would like to use that only so that it could be tracked easily and it will be under govt purview. Slowly they will put a ban on all other currency I think so or as per even some of the country view it seems to me the case.

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September 23, 2017, 10:50:43 AM
 #59

How about in ASIA what countries do bitcoin accept as legal according to their constitutions? Is there any that 100% legalize? Thanks.

The country country in Asia that has declared bitcoin legal is Japan. Its the first country to do so. But I don't know if other country will make it legal though. There's a lot of debate inside and outside of a particular country so it make take years before another one legalized it. Its more of putting a regulation so that it will not be abuse or give protection to their citizens. That's is the main point of the Central Bank, because bitcoin is decentralized and they can't control it that's why bitcoin has getting a hard time being legalized.

http://www.businessinsider.com/bitcoin-price-spikes-as-japan-recognizes-it-as-a-legal-payment-method-2017-4


Actually it is not so. Japan considers bitcoin not as a currency. They recognize his tender. That means you can officially exchange it to yen, but to buy goods you can only in the national currency. Shops that accept bitcoins are required to convert them. To complete legalization for a long time.
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October 04, 2017, 03:36:38 AM
 #60

Now the government of India still decides to recognize the crypto currency in their country as a means of payment or not. The Central Bank of India noted that there are certain problems in this issue, that there are some risks associated with the passage of the crypto currency, but then they allegedly decided to legitimize it. As it will be seen in the near future.

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October 05, 2017, 06:43:04 PM
 #61

To declare bitcoin legitimate, or not, this is an internal matter of each state. Now we can say with confidence that each state will have to consider this issue and most countries will recognize bitcoin as legal tender.

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October 06, 2017, 10:03:08 AM
 #62

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.


Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

no up to now it may doesn't happens. may be in the future it may happens. if bit coins may declare legal then we have to pay tax and showing our financial accounts for the government. then more people like business mans, politicians, and some more others can escape from this scam. so it is good to declare legal.
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October 06, 2017, 10:04:41 AM
 #63

I think governments cannot ban BTC, and they will want to be in the ship with all of us to earn money. greed Smiley
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October 06, 2017, 12:35:01 PM
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Already many countries have given green signal to Bitcoin payments in their country. But for each country has their own regulation and rules they need to follow those in order to legalize. Otherwise, they have to setups new act for accepting Bitcoin in their country, so these things will take some time.

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October 06, 2017, 12:58:20 PM
 #65

The real question is : Can it really be illegal ?
What would happen if it become so ?  Lips sealed
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October 06, 2017, 01:19:36 PM
 #66

If the government declare that bitcoin transaction is not prohibited in their country we can say that selling bitcoin is illegal and do not used bitcoin on that area, but if there is no declaration about legalities of bitcoin i think using and selling bitcoin is not illegal, like here in our country we can used bitcoin freely even our government not yet adopt crypto currency.

I will back on the question of OP, i want to know also if what happen on bitcoin in INDIA? Since this topic was open mid quarter of this year.
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October 06, 2017, 03:19:14 PM
 #67

If the government declare that bitcoin transaction is not prohibited in their country we can say that selling bitcoin is illegal and do not used bitcoin on that area, but if there is no declaration about legalities of bitcoin i think using and selling bitcoin is not illegal, like here in our country we can used bitcoin freely even our government not yet adopt crypto currency.

I will back on the question of OP, i want to know also if what happen on bitcoin in INDIA? Since this topic was open mid quarter of this year.
That will change the fact that the government will declare bitcoin a legitimate transaction? Why do it at all? Everything that is not forbidden by law is permitted. The government will not recognize bitcoin ever. It is difficult to monitor and it creates outflow of investment from the economy. Indians no more stupid than all the others.
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October 06, 2017, 06:18:41 PM
 #68

I think the question posted here is too broad. For one, we all know countries have independent governments which means that various countries have different laws, rules and regulations. It depends, too, on the needs of its citizens. Of course, I am all for the idea of opening our arms to the new era whereby almost everything exists in the web. All they got to do is to have an internet connection, right? But what Bitcoin came up with is that it effectively drew a line between its unregulated existence and that of the norm. So I guess it would have to do some workaround to legally exist. Otherwise, governments might come up with an international decision to ban the proliferation of these unregulated coins.

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October 06, 2017, 07:14:29 PM
 #69

for me India and other countries will never include bitcoin in normal money system  but they can make only ban over it .


next years i think many counties will ban exchange to make some control of bitcoin and reduce number of users
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October 08, 2017, 04:49:38 AM
 #70

I think it's only a matter of time if we look at the increasingly well known state of bitcoin today, the more users, the government may someday legalize bitcoin by considering everything.
And if so, bitcoin will be safer to use because it is already recognized by the government.

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October 08, 2017, 11:35:13 AM
 #71

for me India and other countries will never include bitcoin in normal money system  but they can make only ban over it .


next years i think many counties will ban exchange to make some control of bitcoin and reduce number of users
It all depends on the position of the United States. Bitcoin is a danger in the first place for the dollar. Other countries are now only attracting investment via bitcoin. Yes, users do not pay taxes but their income, they stimulate demand and warm up the economy of their country. I think that countries like India will take the strategy of waiting. They will not deny but would not allow the use of bitcoins. Perhaps the Americans will force the government to ban bitcoin in exchange for dollar investments. Only time will tell.

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November 16, 2017, 07:42:38 AM
 #72

Bitcoin will be legal for sure. All of our governments are just still having arguments but I know that they will still make it legal in the end and just look how massive support that bitcoin gets from loyal supporters that keeps increasing everyday.

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November 16, 2017, 09:16:42 AM
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Well maybe bitcoin will be declared as legal, because now it plays a big part in the world economy especially in the world of big corporations and businesses, so there is a big chance of bitcoin to be declared as legal throughout the world.

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November 16, 2017, 01:29:45 PM
 #74

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.


Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

Based on these reasons, it is more likely that BTC will be legalized. Since it has been previously banned and "unbanned", they probably will not ban again.
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November 20, 2017, 05:41:19 AM
 #75

bitcoin i legal and also illegal, because in some countries it is legal to use bitcoin for transactions as long as both party agreed on their terms, while in some countries bitcoin is not that welcome like china and russia.

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November 20, 2017, 09:29:28 AM
 #76

bitoin is not legal yet .. but it seems like it will be declare as a legal soon <3
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November 28, 2017, 06:16:33 AM
 #77

bitoin is not legal yet .. but it seems like it will be declare as a legal soon <3

Sure it is. It might not be clear for its current state and to say that it is legal but I am sure on only one thing and that is no matter what happens, bitcoin will be legal in the future most especially in progressive countries.
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November 28, 2017, 12:32:59 PM
 #78

Well maybe bitcoin will be declared as legal, because now it plays a big part in the world economy especially in the world of big corporations and businesses, so there is a big chance of bitcoin to be declared as legal throughout the world.
Bitcoin has no significant impact on the economy. I think it is too early to talk about its legalization. It seems to me that until bitcoin will not be used in the trade, we will not see any changes in the legislation. In fact, many people do not believe that bitcoin is not a bubble. So it is used not more than 1% of people. Why in such circumstances to deal with its legalization.


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November 28, 2017, 02:16:35 PM
 #79

maybe in the distant future will be legal but in this moment it is not the case .there is no legal declaration enregestré
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November 29, 2017, 03:25:51 AM
 #80

If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
I agree with you mate bitcoin is not decentralized with government although they can regulates it but bitcoin can be used illegally for those bad people.

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November 29, 2017, 12:46:16 PM
 #81

To declare bitcoin legitimate, or not, this is an internal matter of each state. Now we can say with confidence that each state will have to consider this issue and most countries will recognize bitcoin as legal tender.

Its happening now, some countries accept bitcoin legally, hey ! We really need this great technology for a brighter future. Bitcoin will lead us to a better nation, make bitcoin legal and enjoy big profits later on.

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November 30, 2017, 09:20:04 AM
 #82

As you know,btc is like the internet of money.  If it is declared illegal within any country then businesses and bitcoin exchanges will have to shut shop in the region only. Being a global phenomenon it cannot be banned throughout the world.
Like the internet, bitcoin as a whole cannot be regulated/censored/made illegal as it is not constrained within the borders of one nation. Businesses based on the idea of bitcoin can be subjected to regulation but the whole network itself cannot be.
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December 07, 2017, 02:20:29 AM
 #83

It will be declared legal and only a small percentage will not accept it or ban it. It applies in anything that you can't force everyone if they don't want to but that decision is the one that they are going to regret because we are now starting to rock every nation with bitcoin.
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December 07, 2017, 02:23:33 AM
 #84

Well here is a really good read on where bitcoin and crypto are going
the gov will always bust balls.
https://www.sec.gov/litigation/investreport/34-81207.pdf
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December 07, 2017, 09:07:46 AM
 #85

As far as I am concern to the growth of Bitcoin, I think it is a YES. I think Bitcoin will be legal and be used by most people who prefers it in a broad way. I am not so sure that it will be legal world-wide but I think most country would legalized it since it gaisn popularity by this time around. If it would be legalized by many it has huge potential thay it will even grow more and a 7 digit value of Bitcoin might be possible  in the coming years to come.

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December 07, 2017, 10:09:19 AM
 #86

As far as I am concern to the growth of Bitcoin, I think it is a YES. I think Bitcoin will be legal and be used by most people who prefers it in a broad way. I am not so sure that it will be legal world-wide but I think most country would legalized it since it gaisn popularity by this time around. If it would be legalized by many it has huge potential thay it will even grow more and a 7 digit value of Bitcoin might be possible  in the coming years to come.
I doubt it. It seems to me that legalization is just a way of governments to gain control over users of bitcoin. First, under the pretext of legalization they will collect information on everyone who uses bitcoin and then to impose a total ban on its use. The government is not interested in taxes. They are interested in manual control of the currency.
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December 07, 2017, 03:24:51 PM
 #87

There are no regulations governing bitcoins in India. It may be recalled that the Reserve Bank of India had in February this year advised that it has not given any licence/ authorisation to any entity/ company to operate such schemes or deal with bitcoins or any virtual currency
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December 07, 2017, 03:40:25 PM
 #88

Bitcoin already declare as legal, because the follow all compliance and requirements of the law; which gives them a juridical personality and authority to operate in the industry.

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December 07, 2017, 04:05:54 PM
 #89

I think Yes, But not in the near future. Maybe when technological advances peak in this world, this will happen, because bitcoin grows along with technological advances. Let's think of, if many supermarkets, restaurants etc. Using bitcoin as a means of payment then the government will definitely consider to legalize bitcoin.

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December 07, 2017, 09:14:56 PM
 #90

I think Yes, But not in the near future. Maybe when technological advances peak in this world, this will happen, because bitcoin grows along with technological advances. Let's think of, if many supermarkets, restaurants etc. Using bitcoin as a means of payment then the government will definitely consider to legalize bitcoin.

The most important factor is if bitcoin is approved by the SEC as legal tender. If so then bitcoin will go to many US stock exchanges and then will be followed by the world government, I'm sure bitcoin will spread faster with just one recognition from Donald Trump. Many developing countries are waiting for this momentum but no one dares to actively speculate unless Japan has fully regulated bitcoin.



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December 09, 2017, 09:48:02 AM
 #91

Based on the reasons above it is very clear that bitcoin is legal.
I will support bitcoin as legal. Bitcoin has a big part in economy and it is beneficial for investors.
Most of the countries banned bitcoin are communist. Because they just want to protect their own currency and ashamed that bitcoin will surpass their  fiat. This might some reasons governments don't allow bitcoin to be regulated.

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December 09, 2017, 10:39:41 AM
 #92

This  issue is just a matter of time. The future of bitcoin's depends on real supporters of bitcoin, all bitcoiners eventually is making the foundation of bitcoin solid, bitcoin will be legalized anywhere in this world that has access in internet if they will be able to recognize, realize and distinguish the real positive benefit of bitcoin. Time will come. It will be legalize we need more time.

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December 15, 2017, 11:20:48 AM
 #93

I think the company of bitcoin has already declared as legal enity which has a authorization from the government to operate and deal with the investor.
Bitcoin complies all requirements needed so they have a certification which recognize them as legal entity.

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December 15, 2017, 01:50:30 PM
 #94

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.

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December 15, 2017, 02:13:42 PM
 #95

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.
I don't understand. The idea of creating bitcoins is to be independent. Why do you need legalization? You want to depend on the government? Through the regulator they make people their slaves. Then why do you need bitcoin? Use Fiat. Lol. It seems to me that we should not agree to any conditions for the regulation of cryptocurrencies by the government.
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December 15, 2017, 02:38:24 PM
 #96

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.
I don't understand. The idea of creating bitcoins is to be independent. Why do you need legalization? You want to depend on the government? Through the regulator they make people their slaves. Then why do you need bitcoin? Use Fiat. Lol. It seems to me that we should not agree to any conditions for the regulation of cryptocurrencies by the government.
Crypto currency is a universal tool for long-term investment. This will lead to changes in the economies of many countries.
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January 03, 2018, 04:38:27 AM
 #97

We all want it to be legal tho. Maybe the government just want bitcoin to be taxed and thats the main reason it will be decided if it will be banned or not. If there are some third parties that can benefit both the government and the people, i think there is no need to illegalize it.

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January 03, 2018, 10:37:33 AM
 #98

Currently, I only know if bitcoin is already widely legalized in some countries, but in some bitcoin states it still has not been legalized, although bitcoin has not been legalized, but the use of bitcoin will not be prohibited. In the future I'm sure bitcoin will be legal in many countries or even all over the world, I want bitcoin to be a transactional tool that can be used offline.

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January 03, 2018, 11:01:09 AM
 #99

In our country try bitcoin and other crypto currency is now under investigation and consider as asset and to protect the right and ownership of the investor, they are now looking for a way to make it legal with a law....
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January 05, 2018, 11:39:01 PM
 #100

Currently, I only know if bitcoin is already widely legalized in some countries, but in some bitcoin states it still has not been legalized, although bitcoin has not been legalized, but the use of bitcoin will not be prohibited. In the future I'm sure bitcoin will be legal in many countries or even all over the world, I want bitcoin to be a transactional tool that can be used offline.
Using bitcoin just being said through offline would really be just a dream.If you mean offline then you are pertaining for it to be used physically which we know its an impossible stuff considering that bitcoin is really just designed to be a digitital currency which means having a physical form would really not happen and thinking off 21 M supply is not really sufficient for it to be considered to have a physical form.Its decentralized feature will entirely be lost.

In our country try bitcoin and other crypto currency is now under investigation and consider as asset and to protect the right and ownership of the investor, they are now looking for a way to make it legal with a law....
You are just mentioning here about ICO or investments which is making some regulation to protect its citizens.


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February 01, 2018, 07:17:04 AM
 #101

don't be so confused if bitcoin is legal or not as I can say is it depends on the country or how the government manage their
places because some country use bitcoin in a good way but others are not they really abused it that's why the government declared to their country
to ban or to be illegal because it can affect to the background of their country that maybe can affect to their place

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February 03, 2018, 05:22:09 PM
 #102

Black money is one of the greatest issue in the Indian economy.Government concern about the fact that black money can be converted into BTC.
So it is quite impossible to regulate the tax system if BTC were declared as a legal tender. Government of India will never declare BTC as the legal tender of RBI. But it is always legal to use the exchange sites to exchange the BTC in to INR,while you are paying tax on your income.
As per some source I can tell that some IIT(Indian Institute of technology)and ISI(Indian statistical Institute) are trying to track(or maybe tracking) each BTC transaction.

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February 12, 2018, 05:36:56 PM
 #103

i think it depends on the government if they adopt bitcoin is being legal or not. as of now india are creating a new regulation about cryptorrency by the end of march.

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February 12, 2018, 08:51:25 PM
 #104

I think, bitcoin will change from country to country.but Bitcoin will be legal in many countries, they will benefit from Bitcoin..

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February 15, 2018, 07:24:48 AM
 #105

It depends on the government of any country if they will make it illegal or not. Some countries are making it illegal and they ban it. Some regulate bitcoin so that bitcoin will be more safer than ever.

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February 15, 2018, 09:17:25 AM
 #106

whether bitcoin is declared illegal in India or any other country is really dependent on what that country is into, and what they stand to gain from it. if they feel that they can effectively regulate bitcoin then they may not ban it.
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March 05, 2018, 08:13:28 AM
 #107

For me, i think it depends on the government of our any country if they will make the bitcoin illegal or not.
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March 07, 2018, 11:56:31 AM
 #108

It depends on the government of any country if they will make it illegal or not. Some countries are making it illegal and they ban it. Some regulate bitcoin so that bitcoin will be safer than ever.
It all depends on the Government of each country. But maybe if in my country Bitcoin very difficult to declare legal. Because the Government in my country is not very supportive of the existence of Bitcoin in the community. But I hope someday Bitcoin can be legal in all countries and nothing else forbids the existence of Bitcoin.

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March 07, 2018, 01:28:54 PM
 #109

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.


Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .



Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .
we should be a positive thinker for that case we have now because i know that someday our government will declare that bitcoin is legal.we have to support bitcoin for the time will come.and we have to fight for it.

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March 07, 2018, 03:52:26 PM
 #110

There is no need to be confuse as to whether bitcoin will be declare legal or illegal by all country of the world because different has its own different problems which may and may not accommodate crypto currency.

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March 07, 2018, 04:18:08 PM
 #111

Depending on each country, there will be countries that accept it as legitimate and there will be countries that consider it illegal. I believe that no matter how bitcoin develops its way, things are just beginning, its development path will be long, when people can not control its development, no Take control of it and they will accept it as a rule of natural development
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March 07, 2018, 05:28:07 PM
 #112

I think bitcoin will become legal one in India.Because many  of the bitcoin user are from Asian countries.I had seen in an crypto news,out of 10.3 users from India ,so I don't think bitcoin will become illegal one in India.For the people in India will get the good news very soon.So just hold the bitcoin to sell at high price.

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March 08, 2018, 08:30:28 AM
 #113

Well, there are many advantages of bitcoin which exceeds all FIAT and when we see their low value of fees and the  facilities in transactions... then we conclude that the era of bitcoin is the new way to develop the economy of the world and there is always a progress of cryptocurrencies users. Furthermore, the only problem is the rejection of Bitcoin in many countries, so many users are afraid about this bad decision of many governments, and consequently, they use Bitcoin in a secret way, because it is illegal in some countries.
In addition to that, I guess that Bitcoin will become legal in majority of countries after some period ( maybe within 2 years ) , and it will be the solution of many crises in economics.

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March 10, 2018, 06:54:36 AM
 #114

Well, there are many advantages of bitcoin which exceeds all FIAT and when we see their low value of fees and the  facilities in transactions... then we conclude that the era of bitcoin is the new way to develop the economy of the world and there is always a progress of cryptocurrencies users. Furthermore, the only problem is the rejection of Bitcoin in many countries, so many users are afraid about this bad decision of many governments, and consequently, they use Bitcoin in a secret way, because it is illegal in some countries.
In addition to that, I guess that Bitcoin will become legal in majority of countries after some period ( maybe within 2 years ) , and it will be the solution of many crises in economics.
Time will come that bitcoin gonna declare as a legal thing, it took time, governments are just waiting for a thorough studies about what will happen here in the coming months and years, just like here in our country they did not ban it but not declared as a legal as well.

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March 10, 2018, 05:42:08 PM
 #115

It depends on the government of any country if they will make it illegal or not. Some countries are making it illegal and they ban it. Some regulate bitcoin so that bitcoin will be more safer than ever.

Exactly, still, we don't have any choice from the government. Our government is not mentioning directly whether they are banning the bitcoin or not but people in my country are actively trading bitcoin without problem.

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March 10, 2018, 07:27:42 PM
 #116

Governments are not interested in legalizing bitcoin. Therefore, they will never give complete freedom to use bitcoins. But the partial freedom of the will. I think that the government will not prohibit the exchange of bitcoins for Fiat money subject to taxes. Governments will never be allowed to use bitcoin as a currency.

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March 11, 2018, 08:31:53 AM
 #117

For now, we can see that each country in its own way solves the issue of legalizing bitcoin and crypto currency in general. There is no single approach and unanimity. Therefore, decisions on this issue are very controversial in general. Everything will depend on how bitcoin will manifest itself in the near future. Many governments consider bitcoin to be very risky to invest, because, having a high cost, it can be deflated in its price as a financial bubble.

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March 11, 2018, 12:18:57 PM
 #118

every country has its own policy and regulation about bitcoin. it depends on the governtment on how they accept bitcoin in thier country. i heard some country banned bitcoin because of the fact that it might be the way of making money laundering. in my country bitcoin is not declare as legal and also elligal.   

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March 11, 2018, 12:57:22 PM
 #119

i dont know about the bitcoin but yes cryptocurrency will be soon declare as legal.
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March 11, 2018, 01:00:31 PM
 #120

i m confused about this question that all countries will declare it legal or not.
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March 12, 2018, 07:42:07 AM
 #121

every country has its own policy and regulation about bitcoin. it depends on the governtment on how they accept bitcoin in thier country. i heard some country banned bitcoin because of the fact that it might be the way of making money laundering. in my country bitcoin is not declare as legal and also elligal.   
Good thing for you because there are only few countries who have not been declared bitcoin as legal but they are making it an illegal anyway, so there is really a good point to some countries who were optimistic about this cryptocurrency, they are not yet declaring it as legal because they are still finding ways on how they are going to regulate it.



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March 12, 2018, 07:15:07 PM
 #122

As what I am observing right now, bitcoin will be declare as legal to those who are in favor with it right now, and to those who are not in favor with it will double think and will finally come up to a decision where in they were gonna see and evaluate the potential earnings it may be bring to their country.

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March 12, 2018, 07:55:35 PM
 #123


bitcoin will be legal one day but when governments do tax regulation ... this may be close at hand
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March 12, 2018, 09:34:13 PM
 #124


bitcoin will be legal one day but when governments do tax regulation ... this may be close at hand
Centralizing and decentralized stuff wouldn't really be possible this is why they do adopt and regulate it but not completely on full control but only having the mandation of paying up taxes when it comes to crypto earnings or any possible ways on extracting tax from it.When we do talk about legality it would really be mainly talking about being used without any restrictions on particular place/nation/country in all firms.


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March 12, 2018, 10:27:33 PM
 #125

Yes definitely one day Bitcoin will be declared legal tender for goods and services although it will take a longer time for such a thing to come to rearlytice.

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March 13, 2018, 02:28:32 AM
 #126

Given the flexibility of cryptocurrencies in financial world, YES, it will be declared to be legal. However, when that time comes, countries will be depending more on digital currencies than the used of physical monetary. Right now, dollars inflate due to the greater supply. Projected studies that if the result of inflation will rapidly increased, government will continue to "PRINT OUT" more supply of money resulting to hyperinflation. Thus, economy will crash, stock exchange will down, investors will pull-out their money, and would repeat the devastating "Great Depression". All if monetary value will continuously be supplied in the economy by countries such as US. Certainly why?. Its politics. Government wants to intervene and  legalize the  transactions in "Crypto World".

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March 13, 2018, 06:18:18 AM
 #127

In my observation, I think Bitcoin will be declared legal in the very near future. With so many people knewledgeable of Bitcoin now a days, they will pish thru in legalizing it.  I strongly support Bitcoin too because this is the way to earn and like to be a member of a huge Bitcoin community.

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March 13, 2018, 09:04:07 AM
 #128

Yes definitely one day Bitcoin will be declared legal tender for goods and services although it will take a longer time for such a thing to come to rearlytice.
But anyhow.. of the many governments have their differences of opinions respectively, i think that also depends on the response from the government as well. If indeed it has more potential lead to a more advanced for the countries and its citizens also will not harm for the country.. it will certainly be more declared legal, and the government will doing the best to adapting with bitcoin and technology in it.

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March 13, 2018, 12:31:00 PM
 #129

Yes, definitely one day Bitcoin will be declared legal tender for goods and services although it will take a longer time for such a thing to come to early ice.
But anyhow.. of the many governments have their differences of opinions respectively, I think that also depends on the response from the government as well. If indeed it has more potential lead to a more advanced for the countries and its citizens also will not harm for the country.. it will certainly be more declared legal, and the government will do the best to adapting with bitcoin and technology in it.
Yes, it really depends on the Government in each country. If the Government of the country has legalized Bitcoin, it is certain that the Government will explore Bitcoin and understand all its citizens.

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March 13, 2018, 12:45:31 PM
 #130

Yes definitely one day Bitcoin will be declared legal tender for goods and services although it will take a longer time for such a thing to come to rearlytice.

That’s true it will take more time before bitcoin finally recognized by many countries and also ordinary people. I believe on this thing and it can really happen in the future. Bitcoin is a technology that will make difference for a better.

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March 15, 2018, 03:07:31 AM
 #131

Yes definitely one day Bitcoin will be declared legal tender for goods and services although it will take a longer time for such a thing to come to rearlytice.

That’s true it will take more time before bitcoin finally recognized by many countries and also ordinary people. I believe on this thing and it can really happen in the future. Bitcoin is a technology that will make difference for a better.
We really cannot force our government to make it legal, it takes time before doing it, so we must understand the situation of our government before reacting as this is not an easy job for them, so if they declare it as a legal or not accept it first.

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March 15, 2018, 03:08:26 AM
 #132

United State is all in on cryptocurrency. Pretty sure they have non-directly identified bitcoin as legal.
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