Bitcoin Forum
November 24, 2017, 07:05:48 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 »  All
  Print  
Author Topic: Not Yet Legal But Not Banned  (Read 7409 times)
iamTom123
Sr. Member
****
Offline Offline

Activity: 434

ChipMixer ChipMixer ChipMixer ChipMixer


View Profile
July 03, 2017, 04:25:47 PM
 #1

Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.

However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.

For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes. 

1511550348
Hero Member
*
Offline Offline

Posts: 1511550348

View Profile Personal Message (Offline)

Ignore
1511550348
Reply with quote  #2

1511550348
Report to moderator
1511550348
Hero Member
*
Offline Offline

Posts: 1511550348

View Profile Personal Message (Offline)

Ignore
1511550348
Reply with quote  #2

1511550348
Report to moderator
1511550348
Hero Member
*
Offline Offline

Posts: 1511550348

View Profile Personal Message (Offline)

Ignore
1511550348
Reply with quote  #2

1511550348
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
darkangel11
Legendary
*
Offline Offline

Activity: 868


View Profile
July 03, 2017, 08:43:36 PM
 #2

If something is not illegal, as in added to the code of law, it is legal. For bitcoin to become illegal there would have to be established laws against it. If there are no such laws, it's completely legal, and since law doesn't work backwards, if it's ever outlawed, nobody will be able to prosecute you for using it in the past.
Also, it's worth mentioning that some countries already have laws that make bitcoin legal and protected by law, which means if somebody steals your coins you can go to the police, like you would have if they stole physical items.

dihari
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 03, 2017, 11:16:58 PM
 #3

It won't be legal until a big and influence country make an announcement to legalize bitcoin as a new currency that safe for any payments (online or offline). They can't do that because it's too complex to be a real currency.
Yeah, just enjoy it for now.

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
corroze
Sr. Member
****
Offline Offline

Activity: 280



View Profile
July 04, 2017, 04:52:31 AM
 #4

Yes, so far unauthorized but illegal bitcoin users regardless of tax payments, in the absence of binding rules against the use of bitcoin in illegal state of bitcoin

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
biskitop
Full Member
***
Offline Offline

Activity: 168



View Profile
July 10, 2017, 01:15:58 PM
 #5

Bitcoin is money, and money is always used for legal or illegal purposes. Cash, credit cards and the banking system currently extend beyond Bitcoin in terms of use for criminal activity. Bitcoin can bring significant innovations in the payment system and the benefits of such innovations are often considered far beyond the potential for Bitcoin shortages. Maybe this is what makes Bitcoin not banned even though it has not been declared legal.

olushakes
Sr. Member
****
Offline Offline

Activity: 406


Bountie- Do You Have Game?


View Profile
July 10, 2017, 06:03:03 PM
 #6

Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.

However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.

For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes. 
Over here too we are actually facing the same situation and that's what people who are smart are actually harnessing compare to those who are scared that believed that "since its not legal, then its illegal" and I am sure whether we like it or not, and very soon government will come with a position and by that time people who are very much exposed would have enjoyed a tax free investment and income compared to those who will start joining because that the worse that would happen as I don't see any country shutting itself from the future.

Netnox
Legendary
*
Offline Offline

Activity: 1512



View Profile
July 11, 2017, 03:07:56 PM
 #7

The problem is that the financial advisers in many of the third world nations are ignorant about the technology behind Bitcoin. So they look at the legal status of Bitcoin in the developed nations. For example, in nations such as Singapore and Japan, the crypto-currency is 100% legal. On the other hand, in countries such as Iceland, it is banned.

botany
Legendary
*
Offline Offline

Activity: 1246


View Profile
July 12, 2017, 12:36:49 AM
 #8

If there are no such laws, it's completely legal, and since law doesn't work backwards, if it's ever outlawed, nobody will be able to prosecute you for using it in the past.

1) There are grey areas in law, subject to interpretation. The government may prosecute you based on current interpretation of law, for your past actions.
2) Some countries have enacted laws with retrospective effect.
https://www.alrc.gov.au/publications/laws-retrospective-operation-0
Amph
Legendary
*
Offline Offline

Activity: 1708



View Profile
July 12, 2017, 09:23:07 AM
 #9

It won't be legal until a big and influence country make an announcement to legalize bitcoin as a new currency that safe for any payments (online or offline). They can't do that because it's too complex to be a real currency.
Yeah, just enjoy it for now.

regulate is not the same as legal, don't forgets about this, i see many people bringing this up together like they are the same stuff

practically speaking only 2-3 country see bitcoin as illegal, in almost all the other minus japan it's just not fully regulated
BTCwoker
Jr. Member
*
Offline Offline

Activity: 51


View Profile
July 12, 2017, 11:54:23 AM
 #10

financial advisers from the third country aren't aware of bitcoin properly. they do not have the idea of the technology behind bitcoin. so, they follow the developed countries' status regarding digital currency. they get confused because, in Japan, Singapore, Canada, Estonia, cryptocurrency is legal but few areas of China, US it is banned.
CryptoBry
Full Member
***
Offline Offline

Activity: 224


Open Money - Powering Blockchain Acceptance


View Profile
July 15, 2017, 07:56:50 AM
 #11

It won't be legal until a big and influence country make an announcement to legalize bitcoin as a new currency that safe for any payments (online or offline). They can't do that because it's too complex to be a real currency.
Yeah, just enjoy it for now.

The thing is...Bitcoin is supposed to be a decentralized beast away from the hands and control of the government and when a government will try to put regulations on it for whatever reason valid or not then you can be sure that there would be some compromises along the way...though that is a big reality we have to dealt with. Sometimes we can not escape present-day realities in connection with Bitcoin. However, we already have a good model in Japan for this...hope other countries can follow soon.

<OPEN MONEY | Powering Blockchain Acceptance [ICO]
███████████████    ▬▬▬▬▬▬ Blockchain Meets Mainstream! ▬▬▬▬▬▬    ███████████████
Whitepaper  ●  Slack  ●  Facebook  ●  Twitter  ●  Reddit  ●  Telegram>
jpoker272727
Hero Member
*****
Offline Offline

Activity: 735


Bountie- Do You Have Game?


View Profile
July 24, 2017, 08:07:04 AM
 #12

Anything which is neither banned nor declared illegal deems to be legal unless it contradicts with loopholes in the law.
What in most country is, Bitcoin is not recognized officially as a currency and hence the question of illegality or legality does not arise at all.

Walkman90
Newbie
*
Offline Offline

Activity: 3


View Profile
July 24, 2017, 10:25:12 AM
 #13

Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.

However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.

For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes. 

I do not think Bitcoin is forbidden. I wonder how someone can regulate something that does not belong to him ..
bubblebit
Sr. Member
****
Offline Offline

Activity: 280


View Profile
July 25, 2017, 03:44:45 PM
 #14

As my understanding in this topic, it will be legal soon when it happened it is already regulated by government and might be bad or good for bitcoin. But until it is not, enjoy it with no limitation as it is now.
ezzy.co
Newbie
*
Offline Offline

Activity: 28


View Profile
July 29, 2017, 12:11:42 PM
 #15

Legalisation doesn't bother me, since I don't have to pay taxes.
zeze18
Sr. Member
****
Offline Offline

Activity: 350


View Profile
July 29, 2017, 01:04:14 PM
 #16

Of course the bitcoin legality has never had any effect on bitcoin activity, and i think it might be lucky if your country still doesnt have a tax regulation on bitcoin. But once in a while the government will apply tax payment rules to bitcoin users.

   
▄████▄       
██████       
▀████▀       
▀██████      ▄▄▄▄▄▄▄▄▄▄▄▄   
▄▄█████  ▄██████████████████▄
▄██████▀██  ████████████████████
▄█████▀    ▀  ████████████████████
▄█████▀         ███ ████████████ ███
██████▀          ███ ████████████ ███
███████           ███ ████████████ ███

▄████▄                  ███████   
██████                 ▄██████     
▀████▀                ▄█████▀     
▄▄▄▄▄▄▄▄▄▄▄▄      ▄    ▄█████▀       
▄██████████████████▄  ██▄ █████▀         
████████████████████  ██████▀▀           
████████████████████  ██████▄             
███ ████████████ ███                     
███ ████████████ ███                     
███ ████████████ ███                       
  [    |    ████████████████████████
████████████████████████
███            ▀████████
███  ███████  ▄  ▀██████
███           ██▄  ▀████
███  ███████  ████▄  ███
███                  ███
███  ██████████████  ███
███                  ███
███  ██████████████  ███
███                  ███
████████████████████████
████████████████████████
  ] 
FACEBOOK  )   (  TWITTER  )
  SUBSCRIBE NOW!!! 
INSTAGRAM  )  (  LINKEDIN  )
Maheshkumar_Hrangkhawl
Full Member
***
Offline Offline

Activity: 196



View Profile
July 30, 2017, 04:06:22 PM
 #17

Legalisation doesn't bother me, since I don't have to pay taxes.

Surprising. BTW, are you saying that you don't want to pay any taxes (although you are obliged to do so), or are you saying that there is no tax on profits from Bitcoin sale in your country? I hope that it is the latter case.

chris1972
Newbie
*
Offline Offline

Activity: 1


View Profile
August 01, 2017, 07:25:42 AM
 #18

bitcoins hack 50 bitcoins per dag 100% working voor 30 dagen

intresse stuur me email  happyfun1972@gmail.com
Yuhee
Sr. Member
****
Offline Offline

Activity: 378


View Profile
August 02, 2017, 04:08:33 AM
 #19

Legalisation doesn't bother me, since I don't have to pay taxes.

Surprising. BTW, are you saying that you don't want to pay any taxes (although you are obliged to do so), or are you saying that there is no tax on profits from Bitcoin sale in your country? I hope that it is the latter case.

Well if it were in my country too i'd rather use btc because for many years our country been one of the most corrupted government (My mates from Philippines will agree to this) even with the tax of 32% nothing is happening and only the same families are becoming richer and richer.  AT least now, there are some changes in the government in which may in time bring us out of the list of of corrupts. So for me btc is yet the closest thing to at least having an ease of life in our country.

                                     
                                    ▄██
                                  ▄████
                                ▄██████
                              ▄████████
                            ▄██████████
                          ▄████████████
                        ▄██████████████
                      ▄████████████████
                    ▄██████████████████
                  ▄████████████████████
                ▄██████████████████████
▄███████████▀ ▄████████████████████████
██████████▀ ▄█████████████████████████▀
████████▀
██████▀
████▀
██▀


=
PARETO 

██
 █
██
 █
██
 █
  The first Peer to Peer Financial Content 
& Information Marketplace

██
 █
██
 █
██
 █
  Pre-Sale is now Live,
         with a 39% bonus!       

██
 █
██
 █
██
 █
              WHITEPAPER             
TELEGRAM ■■ FACEBOOK ■■ TWITTER ■■ LINKEDIN
     MEDIUM ■■ YOUTUBE ■■ GITHUB ■■ BOUNTY
enhu
Legendary
*
Offline Offline

Activity: 1036



View Profile
August 02, 2017, 04:25:59 AM
 #20


SEC is coming as they are trying to regulate BTC and those crowdsales that comes out every day. Through this I think the ETF will soon be approved too but this is in US. Things may follow once this becomes very legal in US and I guess the prediction of BTC becoming worth more then 5K may come as early as possibly.

                  ▄▄▄▄▄▀▀▀▀▄▄▄
              ▄▄█∞══$&P▀▀▀▀▀▀▀▀█▀▀▀▄▄▄
           ▄██⌐^"'               "═▄═,▀▀▄
       ▄▀▄█▀                        `ⁿ▀▄\▀▄
     ▄▄²█▀                              ▀▀▄▀
    █▀▄█                                   ██▄
   █▄▀╛       ▄███▄  ███████▀ ██  ▐█▌       ▄█▄
  ▐▌,▀       ██▌ ▐██    ██    ██  ██         █▌█
  █╓-        ██▌ ▐█▀    ██    ██ ▐█▌         ▐▐ █
 ▐█▌         ██▌        ██    ██ ██           ▌⌐▌▌
 U█           ███       ██    ████▌           ▐▌▌▐
╟▐▐            ▀██      ██    ████▌            █▌█
█▐▐▌             ██▄    ██    ██▀██            ██
▐▐ ▀             ▐██    ██    ██ ██▌          ,█▌
 ▀▄▌▌        ▄█  ▐██    ██    ██ ▐██         ,▀█
  ▀▓ ⌐       ██▄ ▐██    ██    ██  ██▌       ╓`▀▌
   ╙█▀        ▀███▀     ██    ██   ██      ƒ▄▀█
     ██▄                                  █▀ █
      ▀▀█▄                              ▄█ ▄▀
       ╙▄▀▄▀π,                       ,▄█▀▀▀
         '═▌▄"▄"═             ,.∞═$██▀
             ▀▀▀▀▄▄▄▄▄▄▄▄▀▀▀▀▀▀▀▄▄▀▀
                    ▀▀▀▀▀▀▀▀▀▀▀▀▀
STACK









1
●● TelegramTwitter ●●
Facebook ●●● Discord





Pages: [1] 2 3 4 5 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!