Not Yet Legal But Not Banned

[iamTom123]

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. 

[1713862510]

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[darkangel11]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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.

[jpoker272727]

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]

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]

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]

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

[zeze18]

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.

[Maheshkumar_Hrangkhawl]

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.

[Yuhee]

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.

[enhu]

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.

[audaciousbeing]

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. 

This is actually true for most countries largely because calibre of people in the law making business dont even understand bitcoin itself for them to have a fruitful discussion on the matter and equally come with a position what they will rather do is to give delegated legislation to agencies of government in charge of securities who will in turn set up a body or hire a consultant to come with recommendations. However, that is never enough as the popularity of bitcoin increases on a daily basis. But for me, it high time my country came with a position on the right way to go.

[skarais]

Looks like it's about time the country that has many bitcoin users has rules about bitcoin. Surely this will benefit many parties both from government and bitcoin users.

[sana54210]

Something which is neither declared illegal or banned, by virtue is considered to be legal. I think by legal you meant to say
recognized.

Yes, in most countries, it is not recognized as a currency or as an asset or any form of money, but it is neither declared illegal nor is it banned. So, one who is dealing in bitcoins is doing something which is not officially recognized, but at the same time not officially illegal either.

[Drnice]

Bitcoin in most countries are not even looked at, cause in my country, the citizens says the struggle of getting Bitcoin is a lazy mans works, but going to offices getting paid at the end of the month, and things like that.

[iamTom123]

Something which is neither declared illegal or banned, by virtue is considered to be legal. I think by legal you meant to say
recognized. Yes, in most countries, it is not recognized as a currency or as an asset or any form of money, but it is neither declared illegal nor is it banned. So, one who is dealing in bitcoins is doing something which is not officially recognized, but at the same time not officially illegal either.

Yes, that is exactly what I have in mind when I say legal. There has to be a law or any official pronouncement from an office under the government stating their position and maybe also citing some provisions of the law which Bitcoin or cryptocurrency can fall under.

At any rate, Bitcoin is just a recent phenomenon and we could not expect that the traditional government which can act like a turtle at many times to look immediately at Bitcoin and come up with their legal position on the said matter. It is still needing some time just like any other innovations in the past. But I know we are getting to be there.

[Nameless27]

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. 

Thats for sure most of us is doing, enjoying it. But I will not agree for some point in avoiding taxes. In my heart I feel obligated to do it for not my own sake but for my country men and my country as a whole. Maybe most that knows me will say that it just me. Or I say I'm totally unpractical but living a legacy to your oneself by the end, you can told yourself, "You've done enough".

[iram1011]

Government of any country has only two options of either ignoring Bitcoin or legalizing it. Banning is certainly isn't a viable option. The reason being anything on internet isn't really easy to ban just like darkweb. It takes lots of government resource and time and thus isn't worthwhile. Also, government of any country can't afford to ban Bitcoin today when it's gaining important place in financial landscape. Thus, Bitcoin can be either legalized or not but can't be banned. Thus, it is ultimately legal in most of the countries and will stay the same. All what government can do is to reduce the dominance of bitcoin in market that is quite far from what situation is today.

[olubams]

Government of any country has only two options of either ignoring Bitcoin or legalizing it. Banning is certainly isn't a viable option. The reason being anything on internet isn't really easy to ban just like darkweb. It takes lots of government resource and time and thus isn't worthwhile. Also, government of any country can't afford to ban Bitcoin today when it's gaining important place in financial landscape. Thus, Bitcoin can be either legalized or not but can't be banned. Thus, it is ultimately legal in most of the countries and will stay the same. All what government can do is to reduce the dominance of bitcoin in market that is quite far from what situation is today.

I share in your point of view because at this time with the various breakthrough in technology where I could hide and browse the internet and it would show I am in Africa whereas I am in Europe. They would have no option than to come to the centre point which is regulation because trying to stop it will be a course of action with no end in sight  or any breakthrough at that.

[BitcoinNational]

Something which is neither declared illegal or banned, by virtue is considered to be legal. I think by legal you meant to say
recognized.

Yes, in most countries, it is not recognized as a currency or as an asset or any form of money, but it is neither declared illegal nor is it banned. So, one who is dealing in bitcoins is doing something which is not officially recognized, but at the same time not officially illegal either.

It don't think the situation will continue for many years. These are the two main behaviours for the moment. But they are understanding what they could earn from recognizing it.

[Xenoph0bia]

Something which is neither declared illegal or banned, by virtue is considered to be legal. I think by legal you meant to say
recognized.

Yes, in most countries, it is not recognized as a currency or as an asset or any form of money, but it is neither declared illegal nor is it banned. So, one who is dealing in bitcoins is doing something which is not officially recognized, but at the same time not officially illegal either.

It don't think the situation will continue for many years. These are the two main behaviours for the moment. But they are understanding what they could earn from recognizing it.

Agreed with you. As the bitcoins are gaining the popularity, there are more chances that government would take some steps in order to regulate the bitcoins.

[Bitware]

Whatever is not banned, is legal by default unless-and-until it is banned.

[yndye]

Looks like it's about time the country that has many bitcoin users has rules about bitcoin. Surely this will benefit many parties both from government and bitcoin users.

The government will either ban it thus making the transactions illegal or regulate it and make it officially legal but given that bitcoin is slowly getting popular and knowing that banning it would not be worth it since they know many people will still use it in some ways for the government not to catch them then the choice would be to make it legal and join the bitcoin bandwagon. They know that they cannot beat it that's why joining is the best option and to take advantage of it, they would tax the platform that would process the transactions and the platform would then pass the tax to its users thus the government also benefit from it. Legalizing it would also make the non-believers of crypto believe it and then it would be an additional demand to the coin and it may affect its price to go higher. So it would be a win-win situation for both parties.

[Kingofbitcoin12345]

Slowly started to be recognized by my own country and started to be studied to a next level on legalizing it because of the simultaneous declaration of leading country like Japan and other countries support on cryptocurrency and Blockchain technology.. Japan as one of the best and progressive country is a model for some countries and when they lead by example on how to handle bitcoin more countries will following those steps..

[doedz]

Bitcoin in most countries are not even looked at, cause in my country, the citizens says the struggle of getting Bitcoin is a lazy mans works, but going to offices getting paid at the end of the month, and things like that.

This hahaa sounds funny, you live in which country?
They just see that work must be done outdoors. Your job is like a housewife. and you are not angry because you get gold by sitting at home.
you can compare their income to the workers in full uniform. ha ha

[Arje17]

--- good to hear this.. Do you think they will banned all the cryptocurrency?? I'm a bit worry since I just invested on  RISE .. what do you think?

[Cindy1983]

The same with my country. Bitcoin is not banned but still not legalized so it's really hard to use Bitcoin to buy anything directly that why I still have to exchange Bitcoin into cash if I want to buy anything. Last month government in my country declared that they will legalize Bitcoin in 2019 but the lastest news I heard yesterday is totally different, they will never legalize Bitcoin in my country cause they can't control Bitcoin transaction so it can be reason for a lot of social evils.

[ALT67890]

It is more likely disadvantageous to us when the government will start regulating and implementing laws about bitcoin as it only means taxes and more rules to be followed. This current situation in my country about bitcoin is much better for me, the attention is less and because of that it is more likely the demand is much lower than other countries that's why transactions fees are still at low price.

[Pepe0888]

Well if bitcoin is non-taxable profit then I have to go for it, since it's not illegal and acknowledge thru out the globe as an internet- based income.

[Anfisman]

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. 

The same case also happen in my country, where bitcoin is still not legalized by the government, for some reason. but I am still grateful because at this time even though bitcoin has not been legalized, bitcoin circulation still allowed in my country, the government not close every digital currency activity like what happen in China. even recently the the authority of bank in my country has held a meeting and the bitcoin as the main discussion, but the result they still have not approved the bitcoin legalized in my country.

[Theb]

I don't think you get the whole concept of income tax and what can be counted as taxable income. Bitcoin earnings even though it does not have any legal standing in your country is taxable and you cannot avoid paying it. Even money earned from illegal things are deemed taxable, the problem here is they cannot tax it as they don't have the proper number of there earnings, the standard thing they do is to confiscate all the illegally earned money from it. What you are doing now might fall in the category of tax evasion.

[sadiaakhter25]

In Asia, People of almost all country are using Bitcoin without legal permission from their government because Bitcoin is money, and money is always used for legal or illegal purposes but in near future Bitcoin will be legal all over the world, I think.

[suvo05]

Bitcoin is not legal in the sense that the central bank does not recognised it as a medium of transactions, i.e it is not legalised as money. But as there is no rule against the use of bitcoin so it is legal as an asset. But as it's nature is decentralised so some people use it to hide tax and so some country are concern about it. I think we will see that every country start taxation on Bitcoin, soon .

[Arje17]

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 agree!! Let's just enjoy the freedom we have for now.. GO! cryptocurrency LOVER!! mine lots of coins as you can.. Bitcoin, ETH, ALTCOIN, RISE

[Kingofbitcoin12345]

In Asia, People of almost all country are using Bitcoin without legal permission from their government because Bitcoin is money, and money is always used for legal or illegal purposes but in near future Bitcoin will be legal all over the world, I think.

I think your wrong on that part "without legal permission",, not all because example Japan that is part of Asia obviously and they even passed a law permitting they're citizens to used or invest in bitcoin but with an existing rules and regulations to protect them.. So in short they were given permission by they're government and it is good to that country.. But don't misunderstood it,, I'm just pointing some wording for the purpose of helping you and others to be not confused on one post.. It can be good for this forum and for you,, if we do helped each other for a better community..

[cvan]

Every country will determine and rule how they categorize bitcoin or crypto. At the moment it's in such a grey area to really determine and the government is too behind to catch up. But then you have countries like Switzerland that are very forward with their tech.

[Gotottack]

I guess the phraseology "not yet legal but not banned" deserves consideration.

In our country, if it is not found to be illegal, it is legal for all intents and purposes. Thus, Bitcoin not being prohibited under our laws, it can legally exist for whatever purpose it may serve its users. However, the Central Bank issued issuances to caution the people about the proliferation of Bitcoins and how they are not being recognized in our jurisdiction. To date, there are still no laws prohibiting Bitcoin usage. The people are thus bound to tend for themselves should they embark on cryptocurrency usage.

[william8829]

Uncertainty can make you apprehensive about something.  Sometimes I feel apprehensive about cryptocurrency.  When I feel this way I take a break.  Usually very short.  Maybe half a day.  Then i continue my blockchain education.  

If you feel this way.  Its normal.  Tomorrow you will feel better.


edit: misspelling

[orions.belt19]

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

If the law to be enacted were to have a retroactive effect, then past actions such as possession and usage of bitcoin would be prosecuted.

Most jurisdictions do not specify and have yet to declare their legal stand on bitcoin. In the future perhaps, there will be stipulations made on the specifics for Bitcoin. Such as the situation in my country - since there are no laws that declare it as illegal, then the use of Bitcoin is not prohibited. They have not declared it as legal either, simply recognized by the central banking with a fair warning to the public for its usage.

[MiF]

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. 

Indeed, lets enjoy it while the government is blind about bitcoin happening in our countries because maybe bitcoin is not that popular in most nations like in our country our leaders are so busy in politics arguments both the administration and the opposition officials so we considered ourselves lucky enough while bitcoin here is ignored by our government.

[Lieldoryn]

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. 

Indeed, lets enjoy it while the government is blind about bitcoin happening in our countries because maybe bitcoin is not that popular in most nations like in our country our leaders are so busy in politics arguments both the administration and the opposition officials so we considered ourselves lucky enough while bitcoin here is ignored by our government.

Governments do not ignore bitcoin. Now they are looking for acceptable ways to collect taxes from users of the cryptocurrency and it does not allow the official circulation in the country. It's more like the calm before the storm. I recommend you to prepare for war with the government and not to believe that they can change something for the better.

[Argoo]

Legitimate bitcoin and other crypt | currency can only be if the state recognizes it as a means of payment and establishes certain rules for its circulation within the country. If the state for some time does not notice its circulation, this can not be recognized as equivalent to its recognition. In case of theft of the crypto currency, the state will not be able to protect your rights, since such rights will not be fixed by law. Therefore, not recognizing the country's crypto currency means a lack of protection in case of violation of your rights.

[bakerlisa510]

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.

but when? That is the question. It might take too long.

[FrayDigger]

What is the situation in America and Europe as a whole? Many countries simply ignore the use of crypto currency

[savushkinTA]

Not long left. Bitcoin will become legal eventually

[FrayDigger]

what is the situation in Bolivia?

[warrior333]

Legitimate bitcoin and other crypt | currency can only be if the state recognizes it as a means of payment and establishes certain rules for its circulation within the country. If the state for some time does not notice its circulation, this can not be recognized as equivalent to its recognition. In case of theft of the crypto currency, the state will not be able to protect your rights, since such rights will not be fixed by law. Therefore, not recognizing the country's crypto currency means a lack of protection in case of violation of your rights.

In any case, for the safety of their savings primarily responsible landlord. How will the state protect you from hackers or scams? You recognize the victim and all. You need it? Better to let the government sees bitcoin. You will save more on taxes. You want that government policies have turned the bitcoin into Fiat? I don't want to. The longer States will legalize bitcoin the better for us.

[kimochidesh]

Central Authorities are unable to find a suitable solution in order to regulate BITCOIN economy. "Not Legal but Not Banned" is a very dangerous statement as 1 negative news about banning or regulating can throw down its price from sky to floor within few hours. We already have seen 1 such example in last few days.

[denny27]

It's true that until now most of the country seems to still look difficult or can not determine and set the bitcoin can really legalized / not officially prohibited. Yeah right now in my country i can only enjoying this status that's not yet legal but not banned, while still being able to provide benefits and can push the financial side, i still keep trying to earn bitcoin as i can and it has been proven that bitcoin can give a very good role in life, and what am i doing i feel this doesn't harm to the country.

[glowing10]

Majority of the countries are still unable to figure it out whether it should be accepted or banned as they are trying to find out the alternate source if bitcoin cannot be accepted they are trying to see if they can introduce their own coin and then they may ban the other cypto currencies.

[Nameless27]

Majority of the countries are still unable to figure it out whether it should be accepted or banned as they are trying to find out the alternate source if bitcoin cannot be accepted they are trying to see if they can introduce their own coin and then they may ban the other cypto currencies.

Maybe because they don’t have a clue how to control it or how it should be handled. Even there is regulation that is happening now in other country, the government still not satisfied or having trouble to understand that bitcoin is not meant for them to be with, it is meant to be decentralized.

In due time the government or the bankers enthusiast/business groups will endorse a new coin that they want and be supported by them. They want bitcoin be gone for they’re own interest and profits.

[Miles123]

I don't hear that there is a country legalizing the bitcoin because every country is very busy with the people who are not following the laws. They could not determine if the bitcoin would be banned or accepted. But lets enjoy of earning money here as they not banned it so that we can have our financial needs.

[SixOfFive]

"not yet legal but not banned"...itself make it legal. What makes it illegal is the nature of activity/transaction made with BTC. Eg: If you buy drugs/weapons or activities like money laundering, tax evasion are illegal, no matter you make transaction for such activity with BTC or with official currency.

[alani123]

Bitcoin would only be illegal if it was banned. What you could say it has not earned yet is the recognition of governments and bodies of law over the world. This could make it appear more legitimate and stable in the eyes of potential investors and help the economy grow but bitcoin as a network can function without the approval of any government. That's all thanks to decentralization.

[senne]

Many countries have not imposed a ban on Bitcoin but still it is not regulated by federal laws. Moreover, everyday Bitcoin user base is increasing drastically and government are finding ways to regulate the cryptocurrency in such a way that there national currency does not losses its value. But the term “Not Yet Legal But not banned” creates a dilemma in the minds of crypto users because if at any time government finds Bitcoin to harm its economic conditions, it may impose a ban on Bitcoin. Furthermore, it is difficult to eradicate from the web which means people will still find ways to use Bitcoin if declared illegal but then it would be seen as a criminal offence in the eyes of government and also one of the possible reason behind this move could be, the decentralization of Bitcoin hence out of reach of government reach.

[entrepmind23]

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. 

It would be hard for the government to classify bitcoin if it not yet regulated so let us take advantage of the situation and not include it in the income tax. I know that being a citizen, I have an obligation to pay and report whatever income I earned but then I would see other people who are earning as well but not reporting to their earnings especially those that are working online so I am tempted as well not to report my earnings as well. I am still paying tax but in different category but in terms of bitcoin earnings, I am not reporting it as well because of its legal standing of "not yet legal but not banned status".

In my country, bitcoin users are increasing so the government sooner or later may see it as an opportunity to earn more thus implementing rules to the local base platforms and I have no problem with that knowing that what I pay is spend for the benefit of the people.

[Lieldoryn]

To power had nothing to do with bitcoin needs people to use for purchases of goods and coins not exchanged them for Fiat. For this you need to price a transaction for the purchase of any goods was minimal. This is not happening. The miners do not want to lose revenue. Without trade we are all a target for the government.

[Arkham Knight]

Those who will try to ban crypto will also unban it sooner that the massive adoption happen. Small countires are just too afraid to accept bitcoin for now and monitoring progressive countries before they make a move.

[nazzzzz]

Like you say government try to be in middle so they wait till suitable time when some people loss trust in bitcoin and Destroy it

they can’t Destroy bitcoin if mant trust in it   

[Gameroid]

Like you say government try to be in middle so they wait till suitable time when some people loss trust in bitcoin and Destroy it

they can’t Destroy bitcoin if mant trust in it   

Yes in my country government has not yet decided anything about bitcoin. Government has not legalized but not also banned bitcoin for any kind of involvement like investment, trading or using bitcoin in the local or international markets. I am sure that in my country the government will legalize bitcoin in the near future because no government will want to windup business of their people.

[Arkann]

Yes, indeed, now we are at the stage when bitcoin and other crypto currency have not yet been recognized by the majority of states as a legal tender to pay taxes on this basis. However, on the other hand, the methods of state regulation that will inevitably follow after such non-recognition do not yet apply to the crypto currency. Therefore, the Crypto-currency is not entirely legal, but it is not regulated by the states for paying taxes, that is, the default status of a certain freedom now exists, which in the future may not be.

[pearlmen]

Its a matter of time before government will get their direction and I see it to be moving in the direction or regulation cum legalization as against the other option which talks about banning. Bitcoin has proven to be a wonderful project that happens once in many years and government argument as it relates to the illegality surrounding bitcoin is also solid. Which mean there is need to have a meeting point which I fee its what governments of several countries will be currently involved in.

[Proton2233]

Its a matter of time before government will get their direction and I see it to be moving in the direction or regulation cum legalization as against the other option which talks about banning. Bitcoin has proven to be a wonderful project that happens once in many years and government argument as it relates to the illegality surrounding bitcoin is also solid. Which mean there is need to have a meeting point which I fee its what governments of several countries will be currently involved in.

I will tell you more. Projects like bitcoin was never. It came as a surprise to the governments and so they are confused. They don't know how to deal with this phenomenon. Any action that a government can take against cryptocurrency will have no effect except for the fact that the country EN masse will begin to leave the investment. I think that the uncertainty in this matter will be long and the only danger for bitcoin is an internal contradiction.

[Gloria_16]

"First and foremost is the possibility of money laundering obtained by criminal means, tax evasion and funding terrorism and, of course, the distribution of fraud schemes, the victims of which can become ordinary citizens," — said the head of state. What do you think about the President's statement??

[Lancusters]

"First and foremost is the possibility of money laundering obtained by criminal means, tax evasion and funding terrorism and, of course, the distribution of fraud schemes, the victims of which can become ordinary citizens," — said the head of state. What do you think about the President's statement??

I can say about "Who shouts the loudest stop thief? The thief himself". The President knows how he does it and why he thinks that so do all. If he said that before the advent of bitcoin in the country was not crooks and terrorists, people received only the honest money and it was not necessary to launder money. Then his words would make sense. Now the fight against bitcoin is only an attempt to maintain control over people.

[katinko]

I do not think government will legalized bitcoin because they not getting involve inside the crypto world and they only do is to avoid some illegal things like scamming and other which against the law. Correct that even it is not totally legal and not banned in my country i just keep on collecting bitcoin and enjoying it.

[Marucya]

Indeed, the yet not legitimate, but not forbidden Bitcoin has, as it were, the greatest degree of freedom that will last until states are determined with the degree of its regulation. Regulation of circulation in a civilized society of crypto-currency can not be avoided. However, such a framework and the forthcoming rules of walking should be optimal and wise.

[mrcash02]

This is the best status we can have to enjoy Bitcoin maximum as possible. And I risk saying if the countries stay with low adoption, nothing so very well advertised, no big businesses adopting it we are safe to continue as we are now. What makes the regulations come is the fact that there is someone or some people making much profit avoiding taxes that would go to the government's pockets. That is an advantage to have low adoption on our countries, it doesn't bring attention to Bitcoin from nasty sectors and individuals.

[Xanxus024]

Yeah not yet legal but not banned. We must enjoy what the bitcoin does to us especially those  people who already earn it. when it comes to legality i think any other countries legalize it they should be going to have a tax or interest for bitcoin every time using it.One of the country banned bitcoin is Chinese government. well for me china has so many investor so the investor willing to invest when it comes to bitcoin so the government alarm that their country money was weaken.

[qwertyup23]

Yeah not yet legal but not banned. We must enjoy what the bitcoin does to us especially do's people who allready earn it. when it comes to legality i think any other countries legalize it they should be going to have a tax for bitcoin every time using it.One of the country banned bitcoin is Chinese government. well for me china has so many investor so the investor willing to invest when it comes to bitcoin so the government alarm that their country money was weaken.

The current status of bitcoin being not legal but not banned is the best status that we must maximize and not take for granted. No one really knows what will happen in the future especially when it comes to the legalization of the transactions. Due to its decentralized nature, government from each respective countries are having a hard time regulating its transactions under the dark web, which is the perfect avenue in order to buy illegal stuff. These are the things that we take for granted and personally, I suggest that we need to utilize bitcoin until its last drop, to prepare ourselves to unexpected announcements in the future.

[Qartersa]

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. 

True. Let us make the most out of Bitcoins while the governments still find a hard time coping up with revolutionary cryptocurrencies. Thing is, they know these cryptocurrencies exist; they just cannot cope up with something as big as this. And also, it cannot be denied that these help their economies reach its full potential considering their lack of attention to it. They are in the state of ambivalence, perhaps. 

[ALT67890]

As a bitcoin user in my own country, I will call our status as an open country with cryptocurrency. Highlighted that we do have so much services and options on buying and selling using bitcoin. So many and so widespread but still our government has not even bothered to make or legislate a bill to protect the investors. It is not legal but absolutely not illegal standing.

[btc-facebook]

This is exactly happen on my government as well as they forbid us to not use bitcoin for transaction but I still can own bitcoin without being fear getting jail. The main reason that my government stil not legalized bitcoin because bitcoin is criminal money and our country are against terrorist & corruptor.

[Emmami@758]

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. 

in my country most of the people using bit coin for buying and selling different different goods. actually they all are doing this tasks legally. no my government given to us permission using of bit coin. if suppose we make a misuse i mean we had to use it illegally then it may banned. otherwise it is not blocked. in my country we are using bit coin but it is not banned up to now.

[bitcoinvamp]

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. 

Yes this is exactly the case it is not legal in my country(of what i think ) but not even banned . But i don't think that paying taxes does not include . when we do a transaction and convert it into country currency the tax amount is paid.

[Palmerson]

This is exactly happen on my government as well as they forbid us to not use bitcoin for transaction but I still can own bitcoin without being fear getting jail. The main reason that my government stil not legalized bitcoin because bitcoin is criminal money and our country are against terrorist & corruptor.

If you are using bitcoin for illegal activities it is easy to track. Governments lie. They are accustomed to the fact that they do not need to do anything. Banks are sistematizirovat and provide them with account information. With bitcoin this is not happening. But this does not mean that it is impossible to find a person by transactions. The anonymity of bitcoin is a strong exaggeration.

[MoonJeina]

The current status of bitcoin in several countries is "not defined " whereas in few countries bitcoin is "legal " and in some it is "illegal".
Till we don't have a clear idea about the "legality" of bitcoin in our respective countries there is no fear in continuing using it . I hope it gets legalized in every country.

[Aamir1]

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. 

Exactly. In my country, too, the status of Bitcoin is exactly what you said, "not yet legal but not banned." because the government is not yet noticing it and that is only because there aren't a lot of consumers of Bitcoin in my country which makes it not-noticeable for someone far away from the things like e-earning and all. So we, the bitcoin users in the country, are probably enjoying the current status that we have of bitcoin here, and not sure if for how long it will last until we enter another phase where the status might get changed. That will be when more people will start knowing about bitcoin and using it and then maybe the government will be concerned about it too.

[ORCAf]

This 'not legal, but not yet banned' status won't be there for long, especially since more and more money is being thrown into crypto-market. The regulations will come whether we want it or not, therefore, I believe it would be wise to be involved when forming those regulations. We don't want a bunch of government peeps who have little to no idea about cryptocurrencies take control over it.

[Rooster101]

For many of the countries where bitcoin is not yet recognized, it is perhaps difficult for them to legalize a virtual currency they can not control. Others are resulted to regulating bitcoin transactions and their crypto exchanges. Here in my country, the central bank issued a regulatory guidelines for bitcoin exchanges but did not endorse any virtual currency as a currency to be used by its people.

[Lieldoryn]

This 'not legal, but not yet banned' status won't be there for long, especially since more and more money is being thrown into crypto-market. The regulations will come whether we want it or not, therefore, I believe it would be wise to be involved when forming those regulations. We don't want a bunch of government peeps who have little to no idea about cryptocurrencies take control over it.

Why do you think that we must own hands to dig my own grave? As soon as the government will be able to regulate cryptocurrency it will not bring anything good. I'm sure of it. Therefore, the longer the state will have the opportunity to influence the cryptocurrency market the more opportunities we will have.

[migolmigol]

In the case of my country. Knowing my government, I think time will come that they will feel on making some regulations for Bitcoin. They may not ban it, but they can impose tax or specific declaration and filing of Bitcoin income from related activities such as mining or trading. However, just recently the government or some politicians in my country said that they would support Bitcoin. It has been active in our country but this time, the government has now noticed the development and the potential contribution of Bitcoin in the economy and the country as a whole.

[lili song]

The current status of bitcoin in several countries is "not defined " whereas in few countries bitcoin is "legal " and in some it is "illegal".
Till we don't have a clear idea about the "legality" of bitcoin in our respective countries there is no fear in continuing using it . I hope it gets legalized in every country.

My country already aware of bitcoin and they decide to forbid my people to use bitcoin as main transaction.
Luckily my government still not make any policy yet against bitcoin so I can still use bitcoin without breaking any law and without paying any tax of course !

[greeklogos]

The current status of bitcoin in several countries is "not defined " whereas in few countries bitcoin is "legal " and in some it is "illegal".
Till we don't have a clear idea about the "legality" of bitcoin in our respective countries there is no fear in continuing using it . I hope it gets legalized in every country.

My country already aware of bitcoin and they decide to forbid my people to use bitcoin as main transaction.
Luckily my government still not make any policy yet against bitcoin so I can still use bitcoin without breaking any law and without paying any tax of course !

Where are you from?
I am from Serbia and I suppose our politics will follow the same way about bitcoin. But for now I didn't even here any concrete position of our government towards bitcoin and crypto generally. Meanwhile we have two bitcoin ATMs in the capital and there are a lot of people who use bitcoin.

[Lancusters]

The current status of bitcoin in several countries is "not defined " whereas in few countries bitcoin is "legal " and in some it is "illegal".
Till we don't have a clear idea about the "legality" of bitcoin in our respective countries there is no fear in continuing using it . I hope it gets legalized in every country.

My country already aware of bitcoin and they decide to forbid my people to use bitcoin as main transaction.
Luckily my government still not make any policy yet against bitcoin so I can still use bitcoin without breaking any law and without paying any tax of course !

Where are you from?
I am from Serbia and I suppose our politics will follow the same way about bitcoin. But for now I didn't even here any concrete position of our government towards bitcoin and crypto generally. Meanwhile we have two bitcoin ATMs in the capital and there are a lot of people who use bitcoin.

I think that Serbia will go the way of Russia. There has long been a government under the control of the Russians. I was in Serbia and I really love this country. There are very friendly people. The governments of different countries United by one goal. They fear the spread of bitcoin. They are not ready to govern the country in the uncontrolled mode of the financial system. Even if it helps to attract investments to the country.

[leonair]

It is not Banned because it is legal to use, for the mean time maybe. Governments of each countries in the world are not yet fully aware of what is the potential of cryptocurrencies as a future online digital currencies and that is a big problem for them because they will soon regulate it to their very own citizens without knowing the full details of it, so I think the Governments must build and create a specific department for cryptocurrencies to be study and monitor because this is the next big thing of the future and it is inevitable.

[Marucya]

Yes, the period of the "wild" crypto-currency, when it was not yet recognized by the states, and at the same time was not banned or restricted in circulation, seems to pass. Now, almost the majority of countries are studying crypto currency to determine its status and methods of its possible regulation. Such regulation, as a rule, includes the establishment of taxes on profits from operations with crypto currency. Crypto-currency, thus, enters a new stage of its development.

[mariaana]

It has pass the banking law in order to withdraw money from the bank...then it is legal.  However, the government can make regulations or laws in order to ban the bitcoin system.  Like considering it as a means of money laundering or as a means of terrorist funding.  But the way I see, the strict regulation on bitcoin membership can protect the system and can help a lot of individuals to spread equality of wealth among men.

[roddy5]

If your government did not classified bitcoin as illegal then by default
it should be legal as long as you are not using the coin on illegal activities.
Some countries already declared bitcoin use as illegal.

[Domenc]

In many countries , still there is no specified law regarding the use of bitcoin . This makes it not legal but also not illegal or banned .
Governments are very well introduced with the concept of bitcoin but they are still confused whether it will integrate or degrade their economy . That is the main reason why there are still no specified regulations for the use of bitcoin in many countries .  So it will be good to say use it till it doesn't get banned in your country .
No one can take an action against you in this scenario.

[dunfida]

It has pass the banking law in order to withdraw money from the bank...then it is legal.  However, the government can make regulations or laws in order to ban the bitcoin system.  Like considering it as a means of money laundering or as a means of terrorist funding.  But the way I see, the strict regulation on bitcoin membership can protect the system and can help a lot of individuals to spread equality of wealth among men.

Bitcoin can really give the opportunity for people to earn money but saying on the equality then I don't think so that this thing would happen on bitcoin. Considering that coins are not distributed well and just like on fiat money there are people who are always on the top which accumulates some good amounts of bitcoin which means equality is nearly impossible and talking on legality it has not been considered yet by most government globally but already making the attention around it. If they would decide to ban then we cant do anything but rest assured it cant really stop bitcoin completely.

[Gozie51]

It has pass the banking law in order to withdraw money from the bank...then it is legal.  However, the government can make regulations or laws in order to ban the bitcoin system.  Like considering it as a means of money laundering or as a means of terrorist funding.  But the way I see, the strict regulation on bitcoin membership can protect the system and can help a lot of individuals to spread equality of wealth among men.

Bitcoin can really give the opportunity for people to earn money but saying on the equality then I don't think so that this thing would happen on bitcoin. Considering that coins are not distributed well and just like on fiat money there are people who are always on the top which accumulates some good amounts of bitcoin which means equality is nearly impossible and talking on legality it has not been considered yet by most government globally but already making the attention around it. If they would decide to ban then we cant do anything but rest assured it cant really stop bitcoin completely.

I also want to join my voice to say that equality in the society is a mirage. Early philosophers had since advocated for such society to no avail. The most powerful of all advocator at the time was Karl Marx. He envisaged an egalitarian society and contradicting himself by also propounding - superstructure as the step to success in the society. He would have known that "all fingers are not equal ". Thus, access to opportunities differs and just like some have the knowledge of bitcoin, others don't

Therefore, making a legal statement on bitcoin would affect some class of people.

[genolica]

make use of the advantages as early as possible. legalization of bitcoin is nearly possible because several central banks approved circulars

[coin_1122]

make use of the advantages as early as possible. legalization of bitcoin is nearly possible because several central banks approved circulars

Only people who understand the vision Satoshi can easily identify potential in Bitcoin, because government are not banning the Bitcoin only because they see the technology have improved a lot with Bitcoin Blockchain. So very soon government's will follow to legalize Bitcoin in some more countries.

[Irvinn]

The status of bitcoin, when it is not yet regulated by the state, however is not prohibited by it, is really good from the point of view of the absence of taxes on profits from transactions involving it. However, in this case, the state does not provide protection for such activities, since the status of bitcoin is not defined and state bodies can not clearly define what it is.

[RedX]

This is what really descibes bitcoin's status right because it's not just a simple technology that they can ban if they want to because blockchain tech has a great potential to help struggling economies. I hope this could go more longer because I know that once they legalize it, expect that they will find a way to tax it.

[Twentyonepaylots]

it only means that, it is still under development in that certain country, or the government is still studying if bitcoin will bring benefits to the economy of that said country, so it only just stands on neutral ground.

[RoadToBTC]

Reasons why run the gamut, from fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin's image. The list, in general, is not much above ten, but that is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the countri's Central Banking system, some are banned by the nation's government, and in many countries the Central Bank and national government act as one and the same.

[katiecbell]

The status of bitcoin, when it is not yet regulated by the state, however is not prohibited by it, is really good from the point of view of the absence of taxes on profits from transactions involving it. However, in this case, the state does not provide protection for such activities, since the status of bitcoin is not defined and state bodies can not clearly define what it is.

This is a good step that counties do not want to accept it for the official use but it is also not depriving their mass from such a good chance and is not blocking their way, they know it very well that it is helping the citizens to over come their poverty and cope with their unemployment, so to raise their living standard. The more people becoming financially stable the more condition of a country becomes strong,  they fear of the fact that by accepting bitcoin their own currency will be pushed down that is why they do not own it

[genolica]

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

true, you just have to be careful and fair in maximizing cryptocurrencies.

[Carmen01]

Yes and its legal here in our country and not banned by the government this past few weeks only we have a news in t.v that bitcoin is authorized in some investments tools but the reporter of the news say that bitcoin is not good digital money i think he say that because he dont know a lot here in bitcoin.I also like that reporter because i experience a lot of scam when im newbie in bitcoin 

[franco123]

I agree. I actually am confused also with the regulation of Bitcoin in my country. The government seemed to pay less attention to it for now and just allowing transactions and mining of Bitcoin continue. But last time, a report was released saying that our government here is starting to support Bitcoin saying that it is actually contributing in the progress of the economy. With that good news, I think Bitcoin will just continue to be as it is and banning it is not an option for the government of our country.

[Cryptoahead]

For every illegal thing, there is a law. If BTC is illegal, then there should be a law against it, and if there is no such type of law then it is legal. If BTC is legal then there will be no need to ban it.

[MCVXYZ]

According to Civil law,if there is no regulations for some relations it is not prohibited,despite this,there is a reference that,if some relations is not prohibited,but if there are General norms,they can use this general norms if  there would be ground of this.but i have never heard about this precendente in crypto sphere,because as i know monitoring on ecommerce is not easy.your question depends  on where do you live and what regulations have your goverment.this sphere is new for legal system and they don’ know how to regulate it yet,they are thinking about.despite this you  must  be careful about this situation

[xiboothrezi]

make use of the advantages as early as possible. legalization of bitcoin is nearly possible because several central banks approved circulars

Only people who understand the vision Satoshi can easily identify potential in Bitcoin, because government are not banning the Bitcoin only because they see the technology have improved a lot with Bitcoin Blockchain. So very soon government's will follow to legalize Bitcoin in some more countries.

well, almost everyone hopes bitcoin can be accepted and legalized in the country. Currently, I am grateful that bitcoin is not banned in my country, although the government is warning that bitcoin users be careful because the state is not responsible for any kind of losses due to bitcoin.

[Agostosmori]

make use of the advantages as early as possible. legalization of bitcoin is nearly possible because several central banks approved circulars

Only people who understand the vision Satoshi can easily identify potential in Bitcoin, because government are not banning the Bitcoin only because they see the technology have improved a lot with Bitcoin Blockchain. So very soon government's will follow to legalize Bitcoin in some more countries.

well, almost everyone hopes bitcoin can be accepted and legalized in the country. Currently, I am grateful that bitcoin is not banned in my country, although the government is warning that bitcoin users be careful because the state is not responsible for any kind of losses due to bitcoin.

Yes most of the countries are not banning the coin but are just trying to give some regulations on it's use. The governments are just trying to protect their citizens from possible loss on investing in bitcoin.

[btc-facebook]

make use of the advantages as early as possible. legalization of bitcoin is nearly possible because several central banks approved circulars

Only people who understand the vision Satoshi can easily identify potential in Bitcoin, because government are not banning the Bitcoin only because they see the technology have improved a lot with Bitcoin Blockchain. So very soon government's will follow to legalize Bitcoin in some more countries.

well, almost everyone hopes bitcoin can be accepted and legalized in the country. Currently, I am grateful that bitcoin is not banned in my country, although the government is warning that bitcoin users be careful because the state is not responsible for any kind of losses due to bitcoin.

Yes most of the countries are not banning the coin but are just trying to give some regulations on it's use. The governments are just trying to protect their citizens from possible loss on investing in bitcoin.

It's reasonable , just take a look on China when they decide to forbid ICO and bitcoin usage , a month ago.
My government also not make any regulation yet but I can still use bitcoin with own risk

[SamsungBitcoin]

make use of the advantages as early as possible. legalization of bitcoin is nearly possible because several central banks approved circulars

Only people who understand the vision Satoshi can easily identify potential in Bitcoin, because government are not banning the Bitcoin only because they see the technology have improved a lot with Bitcoin Blockchain. So very soon government's will follow to legalize Bitcoin in some more countries.

well, almost everyone hopes bitcoin can be accepted and legalized in the country. Currently, I am grateful that bitcoin is not banned in my country, although the government is warning that bitcoin users be careful because the state is not responsible for any kind of losses due to bitcoin.

Yes most of the countries are not banning the coin but are just trying to give some regulations on it's use. The governments are just trying to protect their citizens from possible loss on investing in bitcoin.

It's reasonable , just take a look on China when they decide to forbid ICO and bitcoin usage , a month ago.
My government also not make any regulation yet but I can still use bitcoin with own risk

Bitcoin has a good benefits brings to all people, here in my country bitcoin has a positive feedback by our government they are supporting bitcoin that is why we are freely to used and earn with bitcoin. But in other country bitcoin was already banned because they think bitcoin will ruined their country without any deeper analysis or research what is the uses of bitcoin.

yes me also i am hoping that bitcoin would be adopted in all country because it will helps to increase its value and make the life of bitcoin much stronger just having more investors the demand will continue to increase and it will reflect in the value.

[BlasterS]

Well it is true in some countries since they not consider bitcoin but not yet banned upon its operations. 
Generally the company of bitcoin is a legal company since it was comply in the laws of the uNited States of America, therefore all operations they have a legal and safe.  So you are rest assured that your money is in the good hands.

[Doltorom]

Well it is true in some countries since they not consider bitcoin but not yet banned upon its operations. 
Generally the company of bitcoin is a legal company since it was comply in the laws of the uNited States of America, therefore all operations they have a legal and safe.  So you are rest assured that your money is in the good hands.

I am very confident if my money is in the right hand because not only me that beinvesatai millions of citizens around the world the same as me. the currency "BITCOIN" is very easy to store without having to make a safe at home

[ibunk221293]

in indonesia today bitcoin still not legal as currency for sale and purchase transactions, but hopes in the future bitcoin able to become digital currency used by society in transaction

[bajigur894784]

Well ... the fact are like that.
but if Bitcoin's popularity goes up further, There is likely, the law about bitcoin will set in the next few years.there will be more countries governing it, though it seems that some countries are considering banning it.

[Seeker#9]

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. 

Same here in my country, there still no law legalizing bitcoin nor making it illegal. I've been using bitcoin for more three years now and several aready banned the bitcoin and other cryptocurrencies. Our government's central bank imposed some regulations on some bitcoin exchanges to protect the people using it. But I doubt if the government will allow a decentralized currency to be legalize here. The present central bank laws applies only to any currency that can be controlled and not the decentralized virtual currencies. I think amending that central bank laws will not also easy and many present officials might not even consider it.

[Ompyon]

Because in my country respect for human rights and upholds the value of tolerance, therefore the use of bitcoin is not prohibited, provided that it does not violate any applicable law

[boboyboi]

bitcoin is not legal in our country. He also does not have band. Just reminded to always use the money from crypto or bitcoin. so you'r right lets enjoy bitcoin.

[Aikidoka]

In my country, bitcoin is used in a free way because it is neither legal nor illegal. There is no such a law that says mining/holding/using bitcoin is illegal. And honestly, I want it to remain this way because I do want to continue to use it without feeling guilty or regret.

Plus, people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.

[Rajamuda]

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. 

Not only that, we must keep the good name of bitcoin until the longer it will be more memorable well for the country's governments where we live.
Although still free of taxes, I think it's good if we try to pay taxes combined it with other income from us, I'm personally combined it with my business income at home.
Anyhow what would happen to the country if the citizen avoid the taxes, it will have a bad impact on the country.

[dokie987]

As a bitcoin user in my own country, I will call our status as an open country with cryptocurrency. Highlighted that we do have so much services and options on buying and selling using bitcoin. So many and so widespread but still our government has not even bothered to make or legislate a bill to protect the investors. It is not legal but absolutely not illegal standing.

same with my country also do not banned the bitcoin and other crypto currencies, but the government itself makes a warning to bitcoin users to be careful from scammers.

[enhu]

If governments not seeing the blockchain technology isn't being used by banks like the rest of us hating XRP, I guess there won't be legalization and proof that it is indeed safe to use the technology and that government can tax investors. To me it doesn't matter what XRP do but if they've proven themselves for the banks to be used then I guess the government can also approved the rest of the blockchain tokens and that includes btc.

[Abubakaradam]

If governments not seeing the blockchain technology isn't being used by banks like the rest of us hating XRP, I guess there won't be legalization and proof that it is indeed safe to use the technology and that government can tax investors. To me it doesn't matter what XRP do but if they've proven themselves for the banks to be used then I guess the government can also approved the rest of the blockchain tokens and that includes btc.

In my country the public interest to invest in bitcoin increases with the rise of the digital currency price. If there is a gain in the sale / purchase transaction or bitcoin investment, it is taxable income, according to the self assessment system, the taxpayer shall report the income in the annual tax return and pay the tax. and it does not matter to me.

[Guapongbadoy]

In the case of bitcoin no country would actually ban bitcoin. The main reason there is no such law declared to be an acceptable reasonable to ban bitcoin, also aside from bitcoin there are many online business that the government has no power to declare it illegal so it is continuously operating with free from taxes same with bitcoin. The only reason I that the bitcoin will be banned by the government a certain country is when the economy is falling. Bitcoin now is just a threat to the economy but an apple of the eye of the country that wants to control bitcoin because it could make their nation rich.

[Glydel1999]

One thing funny about bitcoin in other country they not legalize bitcoin but they not also banned. I know they are interested in bitcoin but they are still holding back because they have no gouts.

[Tapyaks72]

One thing funny about bitcoin in other country they not legalize bitcoin but they not also banned. I know they are interested in bitcoin but they are still holding back because they have no gouts.

The central bank of our country is very optimistic to provide some policies that would protect users from criminal activities like terrorism activities and the likes. the policies should only implies to Bitcoin exchange provider where you can exchange BTC to our Local  fiat currency. one of those is our electronic wallet that will change BTC  To fiat currency has a limitation to  certain amount you can withdraw in certain period. but if you can provide some documents like a bank transaction and any business permits to support your capacity to earn a bigger amount of BTC your limits also increase to a certain level.

[Zadicar]

One thing funny about bitcoin in other country they not legalize bitcoin but they not also banned. I know they are interested in bitcoin but they are still holding back because they have no gouts.

The central bank of our country is very optimistic to provide some policies that would protect users from criminal activities like terrorism activities and the likes. the policies should only implies to Bitcoin exchange provider where you can exchange BTC to our Local  fiat currency. one of those is our electronic wallet that will change BTC  To fiat currency has a limitation to  certain amount you can withdraw in certain period. but if you can provide some documents like a bank transaction and any business permits to support your capacity to earn a bigger amount of BTC your limits also increase to a certain level.

But the risk of being tax increase would be there and I bet we do have the same service which we are using since they are really implying more strict rules towards it unlike on previous years where bitcoin is still new to the country there only just an ordinary adaptation until comes to a point on where it got to their attention on the cash flow being transacted between local fiat and bitcoin itself.

[rhamzter]

Bitcoin and other crypto currencies are not yet legal but not banned, because they followed the rules and regulations of each country. They know the good and bad things that possible to happen, they can't abused their power as decentralize industry. Crypto currencies are the world where they are free and where they can do the things what they want to have.

[Siopao]

Countries are still figuring out their stand about the existence of cryptocurrency in their respective place. Some other have already declared a total ban for cryptos, while others are taking baby steps for it. Maybe theynsee a potential fornusing crypto but on the other hand quite hesitant thay it may harm the economy. Good thing is that (for countries who doesn't ban it) we still can use it even if it's not yet legalized.

[dokie987]

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. 

In my country, bitcoin is being realized. It is not ban not illegal but our National Bank just warned us not to trust any pyramiding bitcoin for this may result to scamming.

[sukamasoto]

...
In my country, bitcoin is being realized. It is not ban not illegal but our National Bank just warned us not to trust any pyramiding bitcoin for this may result to scamming.

With hacking incident and malware that require bitcoin ransom, I think it's become more difficult for my government to legalize bitcoin.
It's reasonable things and logic but I think they will change the regulation about bitcoin so only time will tell when will it happen.
Bitcoin is unique and it has unique way to impress people's interest

[Falgorn]

Crypto currency can be considered illegal in the country in the event that laws are passed that prohibit its circulation. If such laws are not adopted by the highest legislative body, then everything that is not forbidden is allowed.

[GideonGono]

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 agreed though lets just enjoy that it's "not yet legal but not banned" , but there are many countries that banned the bitcoin such as, france , china , korea and also the india , and many countries on the asia is still illegal , for the people who are in the asia still waiting to implement or to be legalize the bitcoin. And on the other hand I think sooner or later it would be the currency of our world though , many of government and also the medias are disagree on implementing bitcoin because of the one reason and that's the bad image of bitcoin that it can be used on the illegal stuffs but such as the money right or the currency that we are using , so why they not legal it? , because of the lack of knowledge through bitcoin.

[mharz]

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 agreed though lets just enjoy that it's "not yet legal but not banned" , but there are many countries that banned the bitcoin such as, france , china , korea and also the india , and many countries on the asia is still illegal , for the people who are in the asia still waiting to implement or to be legalize the bitcoin. And on the other hand I think sooner or later it would be the currency of our world though , many of government and also the medias are disagree on implementing bitcoin because of the one reason and that's the bad image of bitcoin that it can be used on the illegal stuffs but such as the money right or the currency that we are using , so why they not legal it? , because of the lack of knowledge through bitcoin.

It is true that Cryptocurrencies are not yet legal but not banned, because this digital currencies were always followed to the rules and regulations of each country. Moreover there are no latest update regarding banning of bitcoin and other crypto currencies in France and India, but in China their door was still closed for the digital currencies. Otherwise South Korea was no longer prohibited the bitcoin and other crypto currencies, as per last update crypto currency trading was not totally ban in their county. See the link below that the finance minister of South Korea was not ban Cryptocurrencies.

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-latest-updates-south-korea-trading-ban-finance-minister-cryptocurrency-a8186831.html

[Mainman08]

Bitcoin becomes illegal if one country pass a law that prohibits the use of bitcoins or getting involved in cryptrocurrency. I am glad that our country is not making a move to make bitcoin illegal.

[Gozie51]

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.

Yes, I see that is what the world is waiting for. Some countries are waiting for some highly industrialised countries to make a moving statement on the legality of bitcoin. Some countries can't just move out of the colonized mentality and work differently on their own despite how highly tech they themselves are! We wait and see how it is playing out.

[Larsius]

But you can not buy 20 million yachts and expect no one to ask you where this money came from.
You have different taxes for different things.

[Lanatsa]

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 agreed though lets just enjoy that it's "not yet legal but not banned" , but there are many countries that banned the bitcoin such as, france , china , korea and also the india , and many countries on the asia is still illegal , for the people who are in the asia still waiting to implement or to be legalize the bitcoin. And on the other hand I think sooner or later it would be the currency of our world though , many of government and also the medias are disagree on implementing bitcoin because of the one reason and that's the bad image of bitcoin that it can be used on the illegal stuffs but such as the money right or the currency that we are using , so why they not legal it? , because of the lack of knowledge through bitcoin.

It is true that Cryptocurrencies are not yet legal but not banned, because this digital currencies were always followed to the rules and regulations of each country. Moreover there are no latest update regarding banning of bitcoin and other crypto currencies in France and India, but in China their door was still closed for the digital currencies. Otherwise South Korea was no longer prohibited the bitcoin and other crypto currencies, as per last update crypto currency trading was not totally ban in their county. See the link below that the finance minister of South Korea was not ban Cryptocurrencies.

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-latest-updates-south-korea-trading-ban-finance-minister-cryptocurrency-a8186831.html

Theres no major rule actually that we are trying to follow on here when it comes to bitcoin.The thing here is that every country has its own perspective and has its own rules it either they would decide if bitcoin do able to violate their rules or not but most of the time we do see on neutral side which they cant decide either they would adopt it or not.They cant decide up yet and for sure they are thinking on its advantages and disadvantages If they do decide to engage with it.

[qwerty12]

That's right, I totally agree with that.
Bitcoin and other cryptocurrencies are new technological innovations that have not been fully implemented into the legal framework in many countries around the world. There are many legal aspects of Bitcoin and cryptocurrency that need to be considered.

[superjeyy]

This is the perfect way to describe the current state of Bitcoin here in our country: not yet legal but not banned. However, there has been some news circulating around that our central bank is initiating the usage and acceptance of cryptocurrency for transactions in the near future. Knowing how my country works, there is still a chance that this won't push through and a part of me wants that to happen. I do want my country to develop and show progression when it comes to innovative ventures but based from my experiences and how the government is ran here, there would be a high chance that the cryptocurrency would pave way to the worsening of corruption. People of power here are very hungry and I am sure that they wouldn't let cryptocurrency live at peace especially since it's very profitable. I think that if Bitcoin was legalized, the taxation would be extreme but it wouldn't be worth it since we don't even know where our taxes go here. The "not yet legal but not banned" state is a pretty good state to be in right now. Maybe when the government starts to not be selfish then we can consider the involvement of cryptocurrency in our country.

[svendoto23]

Some governments and facilitators on market are being skeptical on how to regulate the cryptocurrency on their own country because they don't really see how it can help or even affect their countries economy on this bitcoin and cryptocurrency hype.

[Ghondronk]

At a glance, bitcoin is a promising investment ground. Finally, many who flocked to buy bitcoin for sale again when the price is soaring.

Because it does not have a central server and no regulation is regulated, bitcoin transactions can be done at will. Of course as long as you have a bitcoin virtual account or wallet. No taxes will be charged to us, like when transactions through a particular financial institution.

[btrice7]

"Not Yet Legal But Not Banned" I think it will always be like this and this is good for crypto and for us..

[Budugbass]

For me personally i just thought as long as it's not really prohibited completely in my country, which obviously i will take utilize of that opportunity to gain some profits. But it's not mean aiming to avoid a taxes, i just feel.. i'm already feel benefited by bitcoin, and this is a good opportunity to be taken.

[elisabetheva]

Almost all countries do this kind of thing "Not Yet Legal But Not Banned", but admittedly it will also have its own difficulties by making new rules, but there is also a loss that the tax value that should be taken can not be done.
indeed very confusing for something like this, I just enjoy this.

[MetalBall]

They are being hesitant because they don't know what and how can Bitcoin and Altcoins can do to the future of their economy so they are just being careful, It can be helpful or hurt the current economy so they are just standing by and thinking on how they approach this new kind of technology.

[stomachgrowls]

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 agreed though lets just enjoy that it's "not yet legal but not banned" , but there are many countries that banned the bitcoin such as, france , china , korea and also the india , and many countries on the asia is still illegal , for the people who are in the asia still waiting to implement or to be legalize the bitcoin. And on the other hand I think sooner or later it would be the currency of our world though , many of government and also the medias are disagree on implementing bitcoin because of the one reason and that's the bad image of bitcoin that it can be used on the illegal stuffs but such as the money right or the currency that we are using , so why they not legal it? , because of the lack of knowledge through bitcoin.

It is true that Cryptocurrencies are not yet legal but not banned, because this digital currencies were always followed to the rules and regulations of each country. Moreover there are no latest update regarding banning of bitcoin and other crypto currencies in France and India, but in China their door was still closed for the digital currencies. Otherwise South Korea was no longer prohibited the bitcoin and other crypto currencies, as per last update crypto currency trading was not totally ban in their county. See the link below that the finance minister of South Korea was not ban Cryptocurrencies.

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-latest-updates-south-korea-trading-ban-finance-minister-cryptocurrency-a8186831.html

Theres no major rule actually that we are trying to follow on here when it comes to bitcoin.The thing here is that every country has its own perspective and has its own rules it either they would decide if bitcoin do able to violate their rules or not but most of the time we do see on neutral side which they cant decide either they would adopt it or not.They cant decide up yet and for sure they are thinking on its advantages and disadvantages If they do decide to engage with it.

I have the same thoughts regarding with this which is actually true on where even we do see countries who do ban and regulate bitcoin there still some parts of the world still undecided either they would accept or will go the same path with countries who do ban it.If the place is welcoming new innovations the possibilities or higher chance of bitcoin to be regulated is there.We cant fast paced the time on what we do want for bitcoin yet each country do have thier own jurisdiction.

[smhome354]

Sometimes it is better if the government will not interfere with investment vehicles. This avoid taxes that investors will endure. But the cons if an investment is not regulated is that it is harder to recover if the investment turned out to be a scam.

[preelee04]

Yes, i agree with this. This is the gteat way to describe the current state of bitcoin here in our country: not yet legal but not banned.

[really01]

I think Bitcoin and the other coin are really only recognized when its associated with real applications. and have a better tax defining tool.

[JC btc]

I think Bitcoin and the other coin are really only recognized when its associated with real applications. and have a better tax defining tool.

Just like here in our country wherein it is already widely acceptable by most people despite the negative media surrounds it although it is not yet totally legal and there is no law regulating on it yet but at least it is not banned and can do anytime and anywhere without any thinking that you are doing wrong.

[zmkriel]

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.

Very well said. Many of us who is connected to bitcoin felt safe for having a decentralized currency and not being controlled by the government but unfortunately if the government will take part of it, we cannot do anything but just to accept with what kind of laws their going provide with crypto currencies. All we can do is to hope that it is not too much for us to handle.

[Sony.UK]

This is the perfect way to describe the current state of Bitcoin here in our country: not yet legal but not banned. However, there has been some news circulating around that our central bank is initiating the usage and acceptance of cryptocurrency for transactions in the near future. Knowing how my country works, there is still a chance that this won't push through and a part of me wants that to happen. I do want my country to develop and show progression when it comes to innovative ventures but based from my experiences and how the government is ran here, there would be a high chance that the cryptocurrency would pave way to the worsening of corruption. People of power here are very hungry and I am sure that they wouldn't let cryptocurrency live at peace especially since it's very profitable. I think that if Bitcoin was legalized, the taxation would be extreme but it wouldn't be worth it since we don't even know where our taxes go here. The "not yet legal but not banned" state is a pretty good state to be in right now. Maybe when the government starts to not be selfish then we can consider the involvement of cryptocurrency in our country.

This statement opts to my country as well. Crypto is not yet legal but not banned. We have traders and crypto users around but they are let free as of now. But recently few were caught to pay tax to their crypto earnings.

We now Hera good news on launching new crypto coins.  This is the sign of allowing crypto in the country.

[Zabrielle]

Right, its “not legal but not banned” in my country. They said  Bitcoin has been banned in an Asian counties, i guess not all Asian countries. Im from Asian countries but i dont heard any problem with Bitcoin in my country so far. Its the best desrciption of the status of bitcoin in my country. And i think the governement is working on its legalities, studying the right way to exercise the taxes on bitcoin and other cryptocurrencies.

[onebtcforlife]

Right, its “not legal but not banned” in my country. They said  Bitcoin has been banned in an Asian counties, i guess not all Asian countries. Im from Asian countries but i dont heard any problem with Bitcoin in my country so far. Its the best desrciption of the status of bitcoin in my country. And i think the governement is working on its legalities, studying the right way to exercise the taxes on bitcoin and other cryptocurrencies.

Media and people are misleading us because there are many major countries not banned the Bitcoin but people are propagating the negative news about the Bitcoin has banned in Asia. Not only in Asian even in my country "not legal not banned". Our country is waiting for other government because our government will follow according to the rules of the US.

[LordDisick]

It is more likely disadvantageous to us when the government will start regulating and implementing laws about bitcoin as it only means taxes and more rules to be followed. This current situation in my country about bitcoin is much better for me, the attention is less and because of that it is more likely the demand is much lower than other countries that's why transactions fees are still at low price.

I'm not sure if we have the same country since our government is currently not paying much attention on Bitcoin right now. I will be sad once they dig much on bitcoin and decided to implement laws about it because I know for sure taxes and declaration of income (bitcoin income) will be regulated. The essence of bitcoin as decentralize will be out of the picture anymore.

[DAVETUN]

Thou not legal presently and not banned in most countries,Bitcoin is still in it acceptance stage,every new  technology always takes sometime before it is been accepted globally,sure overtime the phase will be out.

[Rustamm]

In most countries, the crypto currency is still in the so-called gray zone, when it is not recognized by the state, but is not prohibited by it. This is the time when there are no normative acts that would regulate circulation of the crypto currency and would establish taxes on profits for its use. In this, as we see, there are both positive and negative aspects.

[Virtual miner]

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

Yep I have seen many people confusing *regulation* with *legality* . But that's not true. Regulation must not be confused with legal status of the Bitcoin. There are many countries who have not given any status to Crypto currencies like Bitcoin. So we can not entirely conclude that Bitcoin is illegal in those very countries. The position of Bitcoin is in a blur zone I would say (in most of the countries). So yea why not go with this status only; not yet legal but not banned.

[Yara1]

there is no pronouncement from any country declaring bitcoin ilegal neither is there any that have legalise it but some countries that are thinking of taxing bitcoin are indirectly legalising it

[cryptbit.man]

I think it's gonna go either way. Either it has to be heavily regulated, taxed and therefore fully legal. Or it's going to be sooner or later banned because not being able to regulate it. I think sooner or later almost any country will start attempting the regulation. This free for all situation will not be allowed to last forever.

[whitecaramel1]

"Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with. " that's the whole thing in the future..

[Yzhel]

"Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with. " that's the whole thing in the future..

We have to understand them because it is really hard to regulate this kind of virtual currency as we are not yet familiar with this, and they will be having a hard time in regulating it especially imposing tax because they don't have enough basis, so understand and wait what important is they are not banning the sites of crypto related concerns.

[Bagaji]

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. 

Well payment of tax from crypto currency investment and earning is currently on going in some part of the world particularly countries that accept crypto currency as a means of payment for goods and services.

[dogandogru]

In India also, Status is NOT illegal..But not banned.
Govt of India has formed a committee to review the crypto-currencies use and its effect on Countries Economy. Soon the report will be submitted to Indian govt. and then only any firm decision can be taken on crypto-currency legal status.

[smith136]

there is no pronouncement from any country declaring bitcoin ilegal neither is there any that have legalise it but some countries that are thinking of taxing bitcoin are indirectly legalising it

Better research about this one because there are countries that ban the trade of bitcoin and other cryptocurrencies because of its financial threat to their economy as it could disrupt a lot of business and i think these countries can't adopt the new system easily that's why they are banning cryptocurrency.

[8Habits]

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.

I completely agree and the law will only be working backward if it is favorable to the accuse - well at least in my country.

[galaxing]

ya untuk status sekarang "belum legal tapi tidak dilarang" ...
Harapan saya besok atau lusa, pemerintah bisa melegalisasi bitcoin dan mendukungnya agar lebih maksimal. Meski saya harus membayar pajak, saya rasa tidak masalah, asalkan pemerintah bisa memperbaiki tatanannya, dan memberantasnya. penjahat ... jadi pengguna bitcooin lebih nyaman lagi.

[KorakPawon]

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.

some countries take stern action by the government can start by closing the local exchange-exchange. Local investors generally prefer local exchange, for the business of buying and selling cryptocurrency. The advantage of local exchange is the ease of making deposits or withdrawals through local banks.

[Palmholder]

   Same here, government does nothing to regulate or ban it, except of negative representation it to public by TV. State actually plans to release regulation law, but delays it several times. Current situation is suitable for us average people.
   But other counties behave different. According to Vietnamese law person may be jailed and fined by $9000 for accepting or offer bitcoin as a paiment. South Korea prohibited anonimous bitcoin transactions while Japan recognized it as a currency. So a lot of things happens here in Asia at regulation field

[elena_rose19]

Same applies here in my country, it's not yet legal and good thing it's not banned. However the central bank is starting to recognize businesses that is engaged in cryptocurrency, enforcing them to make their business known for it. I think years from now, central bank will implement legalities when it comes to cryptocurrency as it is going mainstream.

[gucci belt]

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. 

Yes, I agree. We recommend that we enjoy this time. We should all be grateful for all this. Because Bitcoin in my country does not yet have legal status but is not prohibited in any case except for transaction use. With earnings that can be said to be very large but no party collects taxes. This is a grace to be grateful for.

[futureofeth]

That is the actual situation we are facing still, governments are not taking any action on banning and yet it is not legal. It will take some time for them to make legal because it needs lot of documentation in order to get legalize because Bitcoin is not restricted to one country.

[armandoz]

Yes that is true! even not yet legal but many people silent patronizing Bitcoin campaign because it is really helpfull to all of us even the government that agains don't know how to decide. it help also the economy grow. so how can stop if this help all of us.

[futureofeth]

That is what everyone is kept silent because governments are not taking any action towards baning and they are not legalising. Government don't have many options how to legalise the bitcoin and what are the rules they need to consider and how can the economic growth will increase if they legalise the Bitcoin.

[mann1983]

many countries bitcoin is not legal but in those they are still not banned so they can do trading.

[ACVinegar]

Bitcoin is not yet legal due to lack of document for the legalization. But it was not banned because this coin are always followed to the terms and condition of respective country, aside on that they also followed the rules and regulation of each country. However this coin now is banned into some countries because some of them were scared that in the future it will become their greatest competitors.

[Edraket31]

Bitcoin is not yet legal due to lack of document for the legalization. But it was not banned because this coin are always followed to the terms and condition of respective country, aside on that they also followed the rules and regulation of each country. However this coin now is banned into some countries because some of them were scared that in the future it will become their greatest competitors.

It took time and must have full of understanding when we are talking about bitcoin legalization, it is not important how much interest they will imposed on it for as long as they have enough data that can support those regulations, so it would be fare and just for those who are working for cryptocurrency.

[Rustamm]

The situation, when the crypto currency is not yet recognized and not regulated by the state, really has its positive aspects, since at that time there is still no taxation on the profit from operations with the crypto currency. In the future, simultaneously with the solution of the issue of legalization of the crypto currency, the issue of taxation will be handled in parallel. Each state will have its own rules for collecting taxes, but all states will consider this issue. The time will come and we will all continue to pay taxes on profits in the crypto currency.

[tambok]

The situation, when the crypto currency is not yet recognized and not regulated by the state, really has its positive aspects, since at that time there is still no taxation on the profit from operations with the crypto currency. In the future, simultaneously with the solution of the issue of legalization of the crypto currency, the issue of taxation will be handled in parallel. Each state will have its own rules for collecting taxes, but all states will consider this issue. The time will come and we will all continue to pay taxes on profits in the crypto currency.

Exactly! since we are not yet obliged to pay for a tax then we should be happy because we don't evading tax as of the moment, because if we do have tax then it could be an added burden in our life, so just enjoy the fruit of what you have right now and  let us just wait for further announcement.

[arthur25]

Bitcoin is recognized by the country but not totally legal in one country. It is also depends on what country for some country made btc as legal. Legalization of cryptocurrency in the country is another way of accepting the facts that change will come in with cryptocurrency era inside the country.

[sundul]

I'm also a little bit surprised, though Bitcoin has not been legalized in many countries Bitcoin is not banned in those countries. Yes for example in my own country. Bitcoin status is still not legal but it is still allowed to use Bitcoin as an investment asset but not allowed as a transaction tool. The government may actually want to legalize Bitcoin, but many factors are considered.

[8Habits]

Bitcoin is recognized by the country but not totally legal in one country. It is also depends on what country for some country made btc as legal. Legalization of cryptocurrency in the country is another way of accepting the facts that change will come in with cryptocurrency era inside the country.

Right legalizing the use of bitcoin is a good signal how awesome bitcoin concept is with regards to investing and uses for utility (where are not yet there though in terms of using bitcoin for utility). However, I think bitcoin is alright even without legalizing and recognizing it because it is really a revolutionary invention to free from the control of the government and third-party financial institutions like the banks.

[futureofeth]

Bitcoin is recognized by only a few countries but fully not legalized by them. There are huge changes in coming days bitcoin maybe legal tender in most of the countries.

[Mamoot]

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. 

yes I agree with you, as long as not prohibited yes just enjoy it, while lucky for us.

[gogrowglow]

One country cannot legalized nor illegalized cryptocurrency simply because the government don't have control of it, it is decentralized.  They cannot banned it also because they have now way to do it.  For now let us just enjoy the benefits of Bitcoin and not paying any tax for it.

[jaocoincrypto18]

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.  

Indeed, that we should not miss this opportunity that we could earn much Bitcoin without tax because sooner or later if the government will regulate it, for sure our profit will reduce due to taxation. Here in my country in which Bitcoin is also is not legal but not ban that we earned a lot because our government right now is very busy of their political careers in which they don't mind about the existence of Bitcoin in our country and that is very fine for us for now.  

[paresh nakar]

government of india crypto-currency is legal but bitcoin is banned the problem is financial advisers in many of third world nations behind bitcoin.

[beej]

That is the actual situation we are facing still, governments are not taking any action on banning and yet it is not legal. It will take some time for them to make legal because it needs lot of documentation in order to get legalize because Bitcoin is not restricted to one country.

It's the same in my country, though there isn't much progress and updates with the
government's position and take on bitcoins and other cryptocurrencies. They're not
banning it, in fact there's utilization and applications that caters to it like remittances
and a convenient way to buy, convert and cash out on bitcoins. Though service fees
vary with amounts, but it's here and people use and benefit from it. Maybe the
government is just too busy attending matters more important or just waiting for
something that might trigger it to act and impose some form of regulatory law or
legislative process.

[Granxis]

Bitcoin is recognized by only a few countries but fully not legalized by them. There are huge changes in coming days bitcoin maybe legal tender in most of the countries.

Bitcoin will harm countries with economic worries, and countries with liberal economic policies will benefit economically. Money is like water, always has fluidity.

[butcherme]

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. 

Same thing in our country, bitcoin is not really widely accepted, but it is not banned. We can actually freely use our bitcoin and convert it to fiat via bank or remittance services. Crypto has caught our central banks attention and now they are starting to regulate it but in a good way.

[Btc_1856]

Bitcoin is recognized by only a few countries but fully not legalized by them. There are huge changes in coming days bitcoin maybe legal tender in most of the countries.

Bitcoin will harm countries with economic worries, and countries with liberal economic policies will benefit economically. Money is like water, always has fluidity.

Bitcoin will not harm the country, it is improving the technology behind the Bitcoin. If they don't accept Bitcoin as legal tender then why governments are using the technology behind it, government don't want to benefit the people by making money. Really dirty politics.

[DeadCoin]

Bitcoin is recognized by only a few countries but fully not legalized by them. There are huge changes in coming days bitcoin maybe legal tender in most of the countries.

Bitcoin will harm countries with economic worries, and countries with liberal economic policies will benefit economically. Money is like water, always has fluidity.

Bitcoin will not harm the country, it is improving the technology behind the Bitcoin. If they don't accept Bitcoin as legal tender then why governments are using the technology behind it, government don't want to benefit the people by making money. Really dirty politics.

There are lot more countries which are not yet legalized bitcoin but not banned. I live in a country with the same situation. At times, it irritates a citizen being in a country. Too many rumor news on banning which is later confirmed that these news are not true.  I wish bitcoin and other crypto currencies should be legalized around the world and everyone should benefit out of it.

[Tengcreneng]

Just like in my country. In my country Bitcoin is not yet legalized but if still use it as an investment asset is still allowed. Prohibited only as a transaction tool. But I am still very grateful if Bitcoin is still allowed in my country although its use is still limited.

[8Habits]

Just like in my country. In my country Bitcoin is not yet legalized but if still use it as an investment asset is still allowed. Prohibited only as a transaction tool. But I am still very grateful if Bitcoin is still allowed in my country although its use is still limited.

To be honest, I don't really care if it is legal or illegal in my country as long as I can have all the access to use and transact it anywhere online. The only issue with declaring it illegal is the incapability of users to access and use it in their country.

[icecube45]

Yes this is happening in my country where bitcoin is not yet legal but not banned, my country's government allows using bitcoin but with caution. It is difficult to regulate bitcoin because bitcoin is so independent, it will take time for the government to study bitcoin. But sooner or later bitcoin will most likely be used and the government will legalize bitcoin.

[SaShiRaJaVu]

To be honest, I don't really care if it is legal or illegal in my country as long as I can have all the access to use and transact it anywhere online. The only issue with declaring it illegal is the incapability of users to access and use it in their country.

No country could ban the entire network, but to purchase bitcoin you need to invest fiat currency and if the government bans using fiat currency to purchase the coins, then it will be difficult and to counter that we need more front end business where we are able to purchase things and make use of the coin either way, hope we will have a healthy market in the future.

[Snaic]

Yes, this year more and more countries will consider issues of legalization of the crypto currency, and along with this, along with its taxation. Therefore, the absence of a certain status of bitcoin and other crypto-currencies simultaneously means the absence of taxation. Therefore, in the future, we will be able to recall this golden time, when we could freely perform any actions with the crypto currency, without fear that this action will be taxed.

[ahiaba.john@yahoo.com]

So far my home country is not against the uses or transacting with bitcoin and so  it remain legal in my country. Some countries in the world may have said many things against bitcoin but all these is temporary because they would all joint to accept it sooner or later.

[cotton ball]

So far my home country is not against the uses or transacting with bitcoin and so  it remain legal in my country. Some countries in the world may have said many things against bitcoin but all these is temporary because they would all joint to accept it sooner or later.

the state does not prohibit because it is very aware of the potential of this technology will reduce the level of transactions and reduction systems that can streamline the state budget. I strongly believe that even the countries that have banned the bitcoin frontally in the end are the first countries to finally issue crypto rules

they forbid because they can not block the crypto that goes in very quickly and have not been able to regulate it, they are too scared that they decided to strictly and even seem to close the way first until all the wisdom is ready for use.

[Edraket31]

So far my home country is not against the uses or transacting with bitcoin and so  it remain legal in my country. Some countries in the world may have said many things against bitcoin but all these is temporary because they would all joint to accept it sooner or later.

the state does not prohibit because it is very aware of the potential of this technology will reduce the level of transactions and reduction systems that can streamline the state budget. I strongly believe that even the countries that have banned the bitcoin frontally in the end are the first countries to finally issue crypto rules

they forbid because they can not block the crypto that goes in very quickly and have not been able to regulate it, they are too scared that they decided to strictly and even seem to close the way first until all the wisdom is ready for use.

Actually here in our country too after all deliberations in the senate and in the central bank they finally found the opportunity in cryptocurrency that is why they insist to teach bitcoin and trading in the market so it would be a great help in our country.

[Jon lang]

As of the moment, I, too, am enjoying the privilege of living in a country where bitcoin is not yet legal but also not banned. It is not also being regulated and no taxes to be paid. It is nice because we have nothing to worry about. Although, the government especially the finance sector of the country such as the banks are getting worried especially that as bitcoin becomes popular, it is also being targeted and is being used and associated with scammers and scamming.

[DeadCoin]

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. 

Right. This is time to nourish the journey with crypto currencies ,especially bitcoin. I live where it not yet announced to be legal or illegal. But recently the major authority announced its entities not to deal with cryto which is really annoying. When authority do not really understand what crypto is, it really makes us to see how bad and behind the authority is when their citizens are so far ahead with the current generation's move. Country should be lead by an educated, there were changes would occur.

[quality.crypto]

As a crypto lover, I won't bother about whether it is legal or not legal. In future bitcoin is going to be legal tender in many countries, so investment is always good to search and find different possibilities about the crypto.

[8Habits]

To be honest, I don't really care if it is legal or illegal in my country as long as I can have all the access to use and transact it anywhere online. The only issue with declaring it illegal is the incapability of users to access and use it in their country.

No country could ban the entire network, but to purchase bitcoin you need to invest fiat currency and if the government bans using fiat currency to purchase the coins, then it will be difficult and to counter that we need more front end business where we are able to purchase things and make use of the coin either way, hope we will have a healthy market in the future.

Yeah, I agree with you that government can directly go the route where it prohibits the buying, selling, and conversion of any crypto coins to a fiat. That time, it will be very troublesome as you live each day wondering how you are going to get away with that and how you are going to encash or how you are going to buy for a bitcoin.

[King Koy]

For me it is also fine that the situation of bitcoin in our country is not yet legalize but not yet illegal at the Same time, the situation is something that can not consider as bad but something good. Meaning the government sees the importance of cryptocurrency on how it's helping the community and this stands as the big reason to put it into consideration. So now I am rejoicing the present success of bitcoin in our country.

[angaper]

I think the current status of indefinition has been very beneficial for us up to now, but it is evident that this will not remain forever like this and very soon we will see a more intensive regulation.

But everything seems to indicate that despite this regulatory trend, there will still be enough space for anonymity and decentralization in the cryptouniverse, which can mean a more harmonious coexistence between government authorities and crypto-enthusiasts.

[Btc_1856]

I think the current status of indefinition has been very beneficial for us up to now, but it is evident that this will not remain forever like this and very soon we will see a more intensive regulation.

But everything seems to indicate that despite this regulatory trend, there will still be enough space for anonymity and decentralization in the crypto universe, which can mean a more harmonious coexistence between government authorities and crypto-enthusiasts.

Yes, it is possible to regulate but government closely watching what are the measures they are going to. As of now, it is not legalised but still, there are possible chance to make most but they will announce about the Bitcoin what government thinking.

[cryptojac17]

I think the current status of indefinition has been very beneficial for us up to now, but it is evident that this will not remain forever like this and very soon we will see a more intensive regulation.

But everything seems to indicate that despite this regulatory trend, there will still be enough space for anonymity and decentralization in the crypto universe, which can mean a more harmonious coexistence between government authorities and crypto-enthusiasts.

Yes, it is possible to regulate but government closely watching what are the measures they are going to. As of now, it is not legalised but still, there are possible chance to make most but they will announce about the Bitcoin what government thinking.

Ina democratic country were  there's a free inter price people are free to do business as long it is not being use in criminals activities, but  they will  just put measures to insure the welfare of their citizens.

[Argoo]

In countries where the circulation of the crypto currency is not regulated and taxation is not established on it, we sometimes have a lot of freedom of action and lack of taxation, despite the fact that sometimes it is very difficult to protect its rights to the crypto currency due to the lack of its regulation in the country. However, lack of control, including taxation, gives many advantages. Well, if in the future regulation will be very loyal, such as in Germany or Japan, but if such, as now in Poland, then there is a lot of additional problems. Therefore, it is really necessary to enjoy the time while the crypto currency in the country of your residence is not yet settled. In the future, because everything can be.

[KorakPawon]

which I know, for some countries that allow bitcoin to enter as a legitimate means of payment in their country, but for a country that does banning it, it usually really prohibits bitcoin as a means of payment, but does not forbid to invest. but I also do not know whether the future is precisely the state that prohibits can allow bitcoin as a means of payment or not.

[bitcoindian]

See government don't have full control over the technology that's why they are in a dilemma whether to legalize or ban them. Until they take the decision we are free to trade the cryptocurrency without any problem, but my government are showing some interest towards cryptocurrency.

[Grossmann Jr.]

Post was created in July, but situation haven't changed much since. We still have poor regulation and uncertainty, hope things will be better at the end of the year

[raiazam]

Some countries like Pakistan and India still public is not aware either Bitcoin are legal or illegal.
which I know, for some countries that allow bitcoin to enter as a legitimate means of payment in their country, but for a country that does banning it, it usually really prohibits bitcoin as a means of payment, but does not forbid to invest. but I also do not know whether the future is precisely the state that prohibits can allow bitcoin as a means of payment or not.

[PropertyClub]

Right now everyone's talking about the ICO scams and potential SEC crackdown in the US, but there are also other important questions for example if the SEC considers all tokens to be securities wouldn't it technically be illegal for any token holder to sell their tokens/coins to another person. I'm not too sure of the answer, but I know that investors in startups that are not publicly traded cannot typically resell their stock (or would have to jump through many hoops to do so). This is why regulating crypto and alt coins is going to prove very tricky.

[Germanltd]

It seems that Europe has more loyalty to crypto-currency and equats them to simple payment instruments, unlike the USA which take it as a property to be paid huge taxes for.

[BTCeminjas]

That is like what happens in my country today, "Not Yet Legal But Not Banned". On the one hand, bitcoin is considered not a valid currency, on the other hand there is also room that the use of Bitcoin or other digital currency is the responsibility of each, respectively.
Sometimes there are concerns in my head, but I try to enjoy everything now. I try to enjoy the legality of bitcoin that is still unclear here.

Same thought as here also in my country not legal in my government but not banned besides they recognized bitcoin as a part of currency here that may pay bills as a real currency. Meanwhile, they also warn us to avoid being a scam on those scammers who wanted bitcoin.
In that case, we much enjoy here using bitcoin without any laws to follow.

[Suharti12]

It is true that you say we must take full advantage of the crypto assets we have, and I think it is very difficult if the government forbids crypto, and I think banks also benefit from the exchange of crypto money to fiat.

[Rustamm]

Yes, it seems that soon we will remember with nostalgia the time when we exchanged crypto currency at exchanges and other exchangers without providing our identification data and did not pay any tax due to the absence of such mandatory requirements in the country. Everything goes to the fact that the legalization of the crypto currency in the countries will bring us such side effects that are not very pleasant. So really, for the time being we can enjoy the time when the crypto currency is not yet legalized in our country.

[abelmon66]

It is true that bitcoin is not yet legal but not prohibited, I think governments and banks can earn income from bitcoin transactions into fiat or vice versa, and the government can also get taxes from the crypto market.

[gogrowglow]

Yes this is true, in my country our government had not yet given a second look on Bitcoin.  They knew it exists but they just ignore it.  It is not  yet legal but they did not banned it.  We cannot guess what the future of Bitcoin will be but with this past changing technology eventually the government will notice the usefulness and the large income  they can generate from the the user of Bitcoin.  They will find a way to legallize and taxed it or they will ban it. 

[semarmesem195]

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 have the same problem with you where the country still considers illegal bitcoin but bitcoin usage is free. I don't know exactly what the government thinks of bitcoin, but i predict the possibility of one of them (government) also using bitcoin, only i have no real proof for that.
The reason i have these predictions is because,
1. Every day bitcoin transaction process in my country (especially my region) exceeds 20x transactions every day, it is also only done by me and my colleagues.
2. There is one area that uses bitcoin as a means of payment in everyday life such as hotels, malls, tourist attractions, etc.

Maybe it's all not enough to legalize bitcoin.

[imsotiredofmoviereboots]

There's no confirmation that it is legal in my country but the response of government in crpyto is very positive despite of investment scams around it which makes me very sure that it will not be banned here in us.

[8Habits]

There's no confirmation that it is legal in my country but the response of government in crpyto is very positive despite of investment scams around it which makes me very sure that it will not be banned here in us.

Good for you mate.
For me though, whether my government will going to make cryptocurrency legal or not, I will really not care because bitcoin is a revolutionary invention with regards to finances.

[darkedelf]

I think, it is still under development in that certain country, or the government is still studying if bitcoin will bring benefits to the economy of that said country, so it only just stands on neutral ground.

[futureofeth]

It is true that bitcoin is not yet legal but not prohibited, I think governments and banks can earn income from bitcoin transactions into fiat or vice versa, and the government can also get taxes from the crypto market.

Yes, it is possible at the end of the day we people should convert our cryptocurrency to fiat currency only so the government can easily trace out the transaction and they can collect taxes from the people who are trading the cryptocurrency same as with forex and share market etc.

[CoachCarter]

Every country and different government agencies differs on how they approach bitcoin and altcoins in their respective country others says that this cryptocurrency thing can devastate their economy and doesnt really know what possibility cryptocurrency can do in their respective country.

[palvinta]

Yes, that is Bitcoin. Not legal yet not banned. This is the same as my country does. In my country Bitcoin is not yet legalized but to use Bitcoin as an investment asset is still allowed. It's just banned as a means of the transaction directly. But it does not matter, the important thing I am still allowed to have Bitcoin.

[quanghoa7911]

That is also fair. If you look deeply into this problem, you will find that bicoins bring more economic value when all countries are not legally unified for bitcoin and other crypto.

[klavyemaus52]

Bitcoin is between legal and illegal and its dont have any rules in state in my Country because its hard to understand

[blodelf1]

it is still under development in that certain country, or the government is still studying if bitcoin will bring benefits to the economy of that said country, so it only just stands on neutral ground.

[renz0]

Just recently that I heard about bitcoin from my friend. The first thing or question that comes in my mind is if it's legal or not. So I did a research about it and found out that it is already accepted here in our country not yet legalize but it's not also banned. That's one of the reason why I'm here in this forum to grab this opportunity for investment like what other people did.

[paresh nakar]

I am from India Indian Finance Minister Arun jetly has declared that bitcoin is not illegal in INDIA, You can bear your own risk if you want to hold it so totally responsibilities is your to buy bitcoin.

[reddolphin]

people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.

[portatifx]

I think it has pass the banking law in order to withdraw money from the bank...then it is legal.  However, the government can make regulations or laws in order to ban the bitcoin system.

[siti25]

In addition to being synonymous with illegal activities, cryptocurrency also has not shown a stable character. Soaring and then slumping drastically, then slowly rising again. Only the desperate and ready to lose alone who dare to plunge in the realm of cryptocurrency that is on the wind today.

[VeronAncient]

yes, this is happening in today's digital currency. who knows when digital money will be legalized by the government. sooner or later the government will use this technology to develop its economy. I expect the government to make quicker decisions about digital currencies.

[CryptoMoar]

this is the case in digital currencies in all countries. there is no prohibition to use and utilize digital currency to support our financial activities. but we are not given legal certainty and rules about the use of digital currency. so it is very vulnerable to abuse.

[sheenshane]

this is the case in digital currencies in all countries. there is no prohibition to use and utilize digital currency to support our financial activities. but we are not given legal certainty and rules about the use of digital currency. so it is very vulnerable to abuse.

An abuser is always there they wait for a perfect time, just like what here our country bitcoin not declared as illegal but it is not legal here.
There are many people adopting bitcoin and some are an abuser recently we have here our country the biggest scam by the pyramiding group who took a money worth of billion in our currency rate.
Just like this activity if government afraid on that they maybe they take an action on bitcoin, banning or prohibited to used people here.

[cetald]

For people from poor countries, cryptocurrencies are a way to get rich quick.
For people from rich countries - to the above, you can add a way to avoid taxation.

[8Habits]

For people from poor countries, cryptocurrencies are a way to get rich quick.
For people from rich countries - to the above, you can add a way to avoid taxation.

Precisely! Nice point there mate!
With bitcoin, we can already let go of third party interference to our money. There is no need for the government to monitor and tax our hard earned money. Although taxation is very necessary for a nation to thrive, the thought of not having forcibly taxed and only pay some indirect taxes through buying goods and services in the market is quite cool.

[enaj_05]

 Indeed, Everyone in this world needs money. They did everything that they can to earn for a living. Some of those people made some mistakes in life or shall i say commit a sin in order to live in this world, in other words they broke some rules. Most of them are what we called "scammer". They didn't think of what will happen to their victims. Many scammers are spreading online. They will promise you a good life but in the end it is their life will be good and not yours. In bitcoin, rest assured that YOU will have a better life. They are not yet legal but not banned. Let's just open our mind and eyes for us to see what is good and what is wrong. There were already lots of testimonies on how their lives improved because of bitcoin. You'll just have to trust and rest assured you will not regret it
.

[TianaStam]

people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.

Where are you from and what it has with you if people around you do not know about bitcoin? The global situation about crypto is the most important here and as we can see bitcoin wins more and more harts and spreading over the world with pretty fast speed. The only thing you need to care about is what kind of laws your government will accept towards bitcoin and it's regulation. While the government doesn't interested in crypto you can feel free and do with your coins whatever you wish

[8Habits]

people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.

Where are you from and what it has with you if people around you do not know about bitcoin? The global situation about crypto is the most important here and as we can see bitcoin wins more and more harts and spreading over the world with pretty fast speed. The only thing you need to care about is what kind of laws your government will accept towards bitcoin and it's regulation. While the government doesn't interested in crypto you can feel free and do with your coins whatever you wish

Yeah, I also don't care whether or not my community will be interested in bitcoin as long as I can use it globally for investment and soon for utility use. But it will be more good if my community will going to use it because it will be more convenient for us and bitcoin will thrive even more.

[Woolles890]

Yes, this is Bitcoin in my country. Not legalized but not prohibited by the Government. Actually prohibited but only forbidden to conduct transactions directly with Bitcoin. If online transactions seem to still be allowed. And for short-term or long-term investment assets are still allowed. So at least I can still use Bitcoin in my own country.

[ersmny1]

I think it is still under development in that certain country, or the government is still studying if bitcoin will bring benefits to the economy of that said country, so it only just stands on neutral ground.

[pareshnakar]

Indian government says if you buy bitcoin its your own risk.

[gabmen]

people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.

Where are you from and what it has with you if people around you do not know about bitcoin? The global situation about crypto is the most important here and as we can see bitcoin wins more and more harts and spreading over the world with pretty fast speed. The only thing you need to care about is what kind of laws your government will accept towards bitcoin and it's regulation. While the government doesn't interested in crypto you can feel free and do with your coins whatever you wish

Yeah, I also don't care whether or not my community will be interested in bitcoin as long as I can use it globally for investment and soon for utility use. But it will be more good if my community will going to use it because it will be more convenient for us and bitcoin will thrive even more.

Well we all are aware that btc's value will soar beyond the moon if it get's legalized by major economic countries and it will take thr crypto market with it. We can't do anything to make that happen though so yeah i'm focusing as well on my personal crypto journey

[MCVXYZ]

For people from poor countries, cryptocurrencies are a way to get rich quick.
For people from rich countries - to the above, you can add a way to avoid taxation.

I agree with you partly because there are too many complex issues,For example people's knowledge in X country,It may not be as simple as you said,also it would be better to say ,,Cryptocurrencies are new chances to get rich''.Anyway there are too many issues which need very distinctive approaches.So your interpretation is very nice but not as simple in real economy,when there are too many legal barriers from legislative bodies its so hard to talk about luxurious life,in additional problems related to trust,etc..So I just want to say that cases in different countries are individual,therefore very hard to predict something related to this.anyway I agree with you that bitcoin and other cryptocurrencies are the golden opportunities.

[whitecaramel1]

in indonesia today bitcoin still not legal as currency for sale and purchase transactions, but hopes in the future bitcoin able to become digital currency used by society in transaction

[marielbeckham]

"not yet legal but not banned" is seen in the majority of countries.

[goldenplak]

ı think personally i just thought as long as it's not really prohibited completely in my country, which obviously i will take utilize of that opportunity to gain some profits. But it's not mean aiming to avoid a taxes, i just feel.. i'm already feel benefited by bitcoin, and this is a good opportunity to be taken.

[ecnesa101]

In my opinion bitcoin would only be illegal if it was banned but in my country people abuse using bitcoin . I think last April 2018 there's a big bitcoin scam who using their knowledge to scam people..

[Luminous-Nova]

Not yet legal in everywhere and even banned in some important countries, whats the future of bitcoin in these countries ?!

[Flyne d Coin Digger]

They have one problem to solve like no one declared that Bitcoin as their own, we only know about Nakamoto , but no one knows if he is still around so I think government has the hard time thinking how can they or able to monitor BTC when imposing tax and as we know that BTC does not have stable price within a day so tax computation needs to adjust also... But anyway thats their problem as you say enjoy the moment!!! Cheers.

[Hamphser]

people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.

Where are you from and what it has with you if people around you do not know about bitcoin? The global situation about crypto is the most important here and as we can see bitcoin wins more and more harts and spreading over the world with pretty fast speed. The only thing you need to care about is what kind of laws your government will accept towards bitcoin and it's regulation. While the government doesn't interested in crypto you can feel free and do with your coins whatever you wish

Yeah, I also don't care whether or not my community will be interested in bitcoin as long as I can use it globally for investment and soon for utility use. But it will be more good if my community will going to use it because it will be more convenient for us and bitcoin will thrive even more.

Acceptance of crypto on where we do reside would always be great since we can able to gain the benefit of it even though we do need to comply such taxation. Normal to think of  when its regulated then there would be always tax involve which i do prefer it rather than on a total ban and once theres such blockage its quite hassle to make transactions specially on conversion of crypto to our own local fiat itself.

[maarx]

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 live in a country with the same situation here.  It's not yet legalized or announced  as illegal. Heard news from government authorities that there will a crypto coin launched vet soon along with other business personality launching his own crypto currency. He is working towards it with a team formed by his own son who is well familiar with blockchain. Hope the currency by business per5comes in effect by start of next year. Way to go. 

[bbjay]

Any how it is we are already enjoying bitcoin ranging from holding for and a price increment to bitcoin trading. My home country do same, not yet  legal but not banned and we shall continue to enjoy this pending when my country legalize the uses of bitcoin to encourage local transaction using bitcoin.

[CryptoMoar]

yes. this is happening right now in the digital currency. all countries still have not issued a rule about bitcoin and altcoin but they do not forbid us to use. but this will cause problems if bitcoin is used for illegal actions if the government does not make rules and there are no rules that control for bitcoin users.

[Eleven86]

yes. this is happening right now in the digital currency. all countries still have not issued a rule about bitcoin and altcoin but they do not forbid us to use. but this will cause problems if bitcoin is used for illegal actions if the government does not make rules and there are no rules that control for bitcoin users.

This news is common in the crypto world right now. Many bitcoin investors are now get confused due to this news. In my country bitcoin is neither legal nor banned. Just the government announced to close the account of the person who done transactions made through bitcoin. But there is no official announcement coming that cryptocurrency is banned. So people use bitcoin and so many local bitcoin exchanges are working and ttransactions are made through it.

[8Habits]

yes. this is happening right now in the digital currency. all countries still have not issued a rule about bitcoin and altcoin but they do not forbid us to use. but this will cause problems if bitcoin is used for illegal actions if the government does not make rules and there are no rules that control for bitcoin users.

Well for me, I really don't care if the government will not regulate bitcoin as it was really originally invented to be independent of third parties like government and banks.

with regards to using it for illegal means, it really depends on the user because it still also happens all the time even with fiat.

[jerix]

Yes, I agree with your title. Not legal yet not banned. This is what the Government is doing to its citizens about the use of Bitcoin. Bitcoin is not yet legalized and even I am sure in my country Bitcoin will never be legalized. But as long as I can still use Bitcoin it does not matter to me. Most importantly I can still use Bitcoin as an investment asset or even a transaction tool.

[alex_gr_cc]

The legality of the cryptocurrency in each individual country depends on many factors:
- the central bank and the financial system of the country;
- well-being of citizens of the country;
- the way of filling the country's budget;
- relations with G20 countries;
and other factors.

[dongosquad]

yes. this is happening right now in the digital currency. all countries still have not issued a rule about bitcoin and altcoin but they do not forbid us to use. but this will cause problems if bitcoin is used for illegal actions if the government does not make rules and there are no rules that control for bitcoin users.

Yes, most governments only prohibit the use of cryptocurrency for certain things, for example as a means of payment, as in my country. But if used as a commodity or investment is not prohibited. It's all to provide protection to the state and its people from harm that could damage economic stability.

[Argoo]

Now most states have not yet decided on the status of the Crypto-currency, and this time can indeed be used freely for various operations with crypto-alaite, including because these operations are not taxed yet. This time is very convenient in comparison with what conditions for circulation for crypto currency can be determined after the legalization of the crypto currency. This is particularly true of countries where further restrictions on crypto currency will be introduced.

[pheonyx]

The not yet legal and not yet illegal situation of bitcoin globally is a good sign for the future that this will surely be the use in the future. I believe it is not declared illegal because many are observing on it on how the world will be better with cryptos.

[dark1234]

a neutral attitude in some countries about bitcoin and crypto is the most widely applied in parts of Asia and it's still showing them still researching and reviewing bitcoin in the future and I hope with the development of the times and the development of bitcoin transactions that are more advanced and secure will be stout countries receive bitcoin

[Hannahanto]

In my country bitcoin is not yet legal but not banned. This is the good sign for future. Because not banned means still government thinks about the bitcoin legalization. No one cannot the bitcoin growth. In future the world is fully used only cryptocurrency. Due to its growth it will dominate the local fiat. Because of its tremendous growth and more benefits now itself people started to use bitcoin for their transactions. So in future it should be accepted by all countries.

[Magic Sarap]

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. 

Because bitcoin are admirable currencies and benificial yet it has a high possibility that make it legal because government can't banned it because they still thinking about the legalization.

[cryptorocket84]

Yes it is not yet legal and not Banned. Bitcoin will be legalized if a big country like United States of America or United Nation makes a pronouncement on legalizing Bitcoin as a new and safe currency that can be used offline and on line, believe me you every Country will legalize Bitcoin in the future, but since it is not affecting our business and we don't pay tax, i think we should enjoy it for now.

[maarx]

Yes as far as there are so many discussions and contradictions is going on about whether the bitcoin is legal or banned. In so many countries it is neither legal nor banned. People are getting confused whether it is going to be legal or banned. Due to this reason people are not ready to invest or hold the bitcoin. At the same time many countries now accepted bitcoin as legal in their country and some banned in other countries. I belive it not going to banned because if it is accept the economic growth of countries would be tremendous.

[Lang09]

Same here, government does nothing to regulate or ban it, except of negative representation it to public by TV. State actually plans to release regulation law, but delays it several times. Current situation is suitable for us average people, but other counties behave different.

[sheenshane]

Yes as far as there are so many discussions and contradictions is going on about whether the bitcoin is legal or banned. In so many countries it is neither legal nor banned. People are getting confused whether it is going to be legal or banned. Due to this reason people are not ready to invest or hold the bitcoin. At the same time many countries now accepted bitcoin as legal in their country and some banned in other countries. I belive it not going to banned because if it is accept the economic growth of countries would be tremendous.

Not all countries are the same perception of bitcoin, some countries are embracing and some are also refusing bitcoin due to many reasons they have. So, lucky those countries that their government not taking actions on cryptocurrency, they did not declare illegal but is not yet legal. That case really happened here our country besides our government was recognized bitcoin as a part of currency that pays bills.
So, we are lucky enough here unlike other countries.

[Farahtenan]

Yes, this is done in my country. Bitcoin is not legal yet is not prohibited. Surely this makes me happy because I can still use Bitcoin without having to pay taxes. It should be like this moment enjoyed only. We never know the future Bitcoin will be like. And while Bitcoin is still there and still use, I am very grateful.

[Jimbo Abu]

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. 

yes it's not legal yet but it will not be baned because even though any bitcoin is banned, bitcoin is not a bit of a bitcoin because bitcoin knows how long it will take many more to believe in bitcoin.

[auliasilvana]

Yes, it is true that Bitcoin is not yet legal but its use is not prohibited. It is a good idea to enjoy this kind of Bitcoin status. Surely we can get a greater profit because it is still protected from taxes. I would prefer if the status of Bitcoin like this.

[dark1234]

Yes, it is true that Bitcoin is not yet legal but its use is not prohibited. It is a good idea to enjoy this kind of Bitcoin status. Surely we can get a greater profit because it is still protected from taxes. I would prefer if the status of Bitcoin like this.

enjoy the benefits of transactions that are not yet legal but not prohibited boitcoin is our best opportunity in investing bitcoin or crypto / ICO because as long as still not legal we are still free from tax

[LegendzX]

The not yet legal but not banned at the same time of bitcoin and any crypto currencies that circulating in a country is a good thing. Aside in making profit from it without paying taxes which makes us more happy, this can be a way to become a legal currency because the government is letting crypto to exist on their respective country. This means that they have a chance to see the greatest purpose of crypto currency. I have a feeling that someday fiat and crypto will exist together but at the end only one will remain and I choose crypto to stay rather than fiat.

[Levious]

I think Bitcoin is a product of the legal edge. In some countries that prohibit ICOs, although they do not support Bitcoin, they have no way of how to limit Bitcoin transactions. Because Bitcoin is anonymous, but the law is about exquisite evidence, it is difficult to accurately determine who is the holder of Bitcoin.

[Cryptocoin_x]

If most effective you are a newbie and feature recently began trying to find the usage of the cryptocurrencies then you definitely would possibly have encounter the phrase, Bitcoin plenty everywhere. Being the oldest and most trustable cryptocurrency, many enterprise and those [https://www.crypto-coin-x.com/cryptocurrency-exchanges/coss/189]coss coin exchange.
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But, maintain on! There are many other cryptocurrency too, available for distinctive modes of offerings and when there are alternatives to be had, why now not have a short survey of all of the options.


Who knows what cryptocurrency can prove to be useful for you?

[boblets243]

Yes, it is true that Bitcoin is not yet legal but its use is not prohibited. It is a good idea to enjoy this kind of Bitcoin status. Surely we can get a greater profit because it is still protected from taxes. I would prefer if the status of Bitcoin like this.

Savor the moment will the status is still hanging. Earnings are still maximized in this  case. Bitcoin has been a good helping hand to all of our expenses. However, if regulations will be implemented, let us focus that fraud cases will be minimized. Instead of focusing the negative impact on our earnings.

[barabarian1]

Yes, it is true. maybe two or three years later the regulations on crypto will be announced in every country. given the current digital currency users are increasing and new coins every month increases, so it is necessary law to regulate and control the circumstances, in order to avoid abuse of digital coins.

[VeronAncient]

we just enjoy this status. most importantly, we can still use bitcoin and still be able to trade coins without being banned by anyone. but this problem must be quickly overcome as the number of coins and coins users increases each day. so it requires more real rules.

[Mukarram Tariq]

The majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.


Legal status of bitcoin
  "Cermissive" (it's legal to use bitcoin)
  "Contentious" (some restrictions on legal usage of bitcoin)
  "Contentious" (interpretation of old laws, but bitcoin isn't prohibited directly)
  "Hostile" (full or partial prohibition)

[labhsikh123]

It is in progress and become legally in all countries in the world.

[SnowyPerson]

In my country, too, the parliament is constantly going to discuss the status of the crypto currency, but they can not forbid it either.

[TheKeyLongThumbI]

If they are very reluctant to ban then then they are going to legalize most likely. The countries or governement who has banned crypto quickly did not give time to study blockchain because if they did then they will surely legalize it.

[EdenHazard]

If they are very reluctant to ban then then they are going to legalize most likely. The countries or governement who has banned crypto quickly did not give time to study blockchain because if they did then they will surely legalize it.

I guess the government will be smarter than you think, they will review before issuing a decision to ban bitcoin and cryptocurrency as a whole. The government will know the impact of receiving or prohibiting bitcoin. But what is clear is that if the government sees cryptocurrency from two sides not only the negative side, it is proper for the government to make a regulation to accept the bitcoin and cryptocurrency as a whole. Not for the payment system but as a place of trading or a place of legal investment is better.

[Mydoan708]

I think no government can strictly prohibit bitcoin, no one can know I own bitcoin unless I say it. But they can check the transactions when I transfer bitcoin into cash for use. .
and when the country banned, but other countries backed up, only sooner or later, all nations will support. I think governments now want to hoard a certain amount of bitcoin.

[Fasunathan]

Same here, government does nothing to regulate or ban it, except of negative representation it to public by TV. State actually plans to release regulation law, but delays it several times. Current situation is suitable for us average people, but other counties behave different.

In my country right now regulations really takes place particular on local exchange site who handled digital currency to fiat exchange mode. This idea prior registration on each and every user needs to have its legit kyc, because its a part on how traceable their customer is. Some crimes related to scams could be tracked through transactions history. So the legality will be more possible in an exact time, because regulations started to be more defined.

[8Habits]

Same here, government does nothing to regulate or ban it, except of negative representation it to public by TV. State actually plans to release regulation law, but delays it several times. Current situation is suitable for us average people, but other counties behave different.

In my country right now regulations really takes place particular on local exchange site who handled digital currency to fiat exchange mode. This idea prior registration on each and every user needs to have its legit kyc, because its a part on how traceable their customer is. Some crimes related to scams could be tracked through transactions history. So the legality will be more possible in an exact time, because regulations started to be more defined.

Well, that is really a good move there on your regulating body. This is to safeguard and ensure that frauds will get caught in the future. However, what I am really against to is that when the regulations tend to go further deep where it seems that holding bitcoin is already like holding it in banks where there will always be a third party that is watching over your money.

[Bodj1997]

The GYM Rewards project consists of an entire solution to support getting paid for exercising. From the Blockchain that supports Proof of Exercise to the GYM Rewards Exchange for gymnasiums and other partners to come and exchange GYM Tokens. There is no need to wait for exchanges to support GYM and there is no need to take the risk of getting stuck with useless tokens.

[dalookaj]

Well , i thnk it is legal, but not used in all country

[zahed]

"Not Yet Legal But Not Banned" that means it's called neutral position.It's definitely positive point for those people who used crypto currencies.Neutral means BTC transaction is legal i think.

[Faeton]

Yes, the uncertain status of the crypto currency is sometimes better than its regulation. This primarily concerns the anonymity of trading and the commission of any transactions and taxation of this type of activity. Regulation of the crypto currency means not only the determination of its status, but also establishes a set of rules and restrictions that must be respected by all citizens. Uncertain, gray status, therefore, sometimes it is better than full certainty.

[guffie]

Bitcoin is not yet legal but the use of Bitcoin is not prohibited. But if in my country Bitcoin is only prohibited if used as a transaction tool. The rest can still use and have Bitcoin.

[bizarro]

you are right, it is two in one, double shot for us, we can work with bitcoin in any way and don't worry about the status in the country

[saadat6868]

it is only for now, but i think in near future governments can do something curious for Bitcoin, but how about other coins, the has small popularity i don't know

[East2011]

Like here in our country bitcoin is not recognize by our government. But our government had no plan in banning bitcoin here in our country.

[jaocoincrypto18]

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. 

Indeed but i think there are only few fortunate countries that not legal but not ban status so i guess the people should not miss the opportunity of earning Bitcoin without tax as the current progress shows that many countries are now regulating and legalized Bitcoin but only few of them imposing free of Bitcoin tax like Japan, France and Germany. Soon our country will formally regulating Bitcoin and we will just hope that they will impose no tax or less tax too so that many will be encourage to join this investment.

[jonaire99]

Same status here in my country, the central did not approve the use of bitcoin or any virtual coins as one of the legal tender. It only approved the bitcoin to be use in remittance. The central bank also reports that they might to draft a regulation to protect the bitcoin users and investors from any scams or illegal trades.

[Chachacoin17]

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. 

Indeed but i think there are only few fortunate countries that not legal but not ban status so i guess the people should not miss the opportunity of earning Bitcoin without tax as the current progress shows that many countries are now regulating and legalized Bitcoin but only few of them imposing free of Bitcoin tax like Japan, France and Germany. Soon our country will formally regulating Bitcoin and we will just hope that they will impose no tax or less tax too so that many will be encourage to join this investment.

As for me, bitcoin tax isn't appropriate for decentralized currency because it has not been regulated into maximum tolerance. If those countries you mentioned was having bitcoin tax, I guess that's part of their bitcoin regulations though people has invested to digital currency will definitely gaining confidence towards taxation and possible ignoring of ban speculations.

[lokanot0]

If there is no law saying its illegal then it is legal. What Bitcoin is missing out in most countries is the regulation of it. Therefore, if it can be regularize, it can be use for payment transaction, and can be taxed.

[8Habits]

If there is no law saying its illegal then it is legal. What Bitcoin is missing out in most countries is the regulation of it. Therefore, if it can be regularize, it can be use for payment transaction, and can be taxed.

you are right. there should be a law expressly written that using bitcoin is illegal otherwise, using bitcoin is really a legal one. It is a good thing that it will be regulated by the government but not the whole part of bitcoin because it will defeat its purpose of financial independence.

[KorakPawon]

I guess so, enjoying the moment for a while can be a good thing to do now since we don't have any idea when bitcoin would be legalize that means we will have something to do with taxes, or else, it would be banned that means we can't explore and invest on crypto. Let see the probability that will come and happen later on.

[CoinPocket]

 Curently we can face some countries totally baned crypto, other ones just started to talk about issues related to bitcoin legalization, Ico's ans prepare some law drafts. Anyway I suppose that soon or later most of the countries will establish legal framework for bitcoin and cryptocurrencies in general.

[Pattart]

"Not Yet Legal But Not Banned" that means it's called neutral position.It's definitely positive point for those people who used crypto currencies.Neutral means BTC transaction is legal i think.

Like in my country, the government in my country does not give any information to legalize or prohibit it. they just say that be careful
with investing in virtual money and all responsibilities are given to each person, so there is no prohibition here..

[chickenado]

"Not Yet Legal But Not Banned" that means it's called neutral position.It's definitely positive point for those people who used crypto currencies.Neutral means BTC transaction is legal i think.

Like in my country, the government in my country does not give any information to legalize or prohibit it. they just say that be careful
with investing in virtual money and all responsibilities are given to each person, so there is no prohibition here..

As long as you're doing legit to your local transactions, specially on local exchange on a certain country it's not a big deal to prohibit or legalize cryptocurrency. Because, like as what my country did towards local exchange it was already been affiliated with bank transaction and this is really a good business which will bring better impact to the country's economy.

[Flor1982]

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. 

Agree, we should enjoy this benefits and should not waste this opportunity of earning Bitcoin without tax while  our countries are very busy of making draft of the regulation or our government were very busy of discussing of their stand of Bitcoin legality as once they will decide the future  of Bitcoin then we might end of regretting it as we have wasted many chances of earning Bitcoin freely.

[basyang]

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. 

Indeed. I am agree with you, Let's enjoy the not yet legal but not banned status in some countries. For sure Government having a hard time to think and to research about crypto. If bitcoin will be legal it will have a taxes because it is entering in the legalization of one country and many process will going through. However, until we are free to used it legal or not lets enjoy it because many things happened in the future.

[1BTC EQUALS 1CAR]

Yes not yet legal because some countries are scared of the fact that it is unregulated. But some just ban it all the way because their country has always the history of closing new ideas and possibilities.

[knightmairesaint]

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. 

Indeed, Let's really enjoy the " not yet legal but not banned" status if your country did not stop us to used bitcoin and other cryptocurrency. Let we say in the future we really have many changes, in when it comes to technology there are more creation and discovery we will have in the future. Possible sooner we are using bitcoin legally but it depends on the government if they wanted to legalized it in their country but other country is starting to adapt it. As of now, i know Government thinking or discussing to do something about it because some of them are also believe to bitcoin but we need to going through a legal process.

As long as the government did not against to bitcoin just continue on what you are doing because it can really help you and it can also advertise so many ICO project to attract the investors.

[brr22]

Let's decide what we want, or sit on the ass and at home and then look for the guilty, or do something, guys? it's time to decide. (

[West0813]

Lets enjoy this moment. My country is always telling us that always takecare about investing in cryptocurrencies. But even if they always remind to take care. My government is not making any moves in banning cryptos.

[jhongzjhong]

Lets enjoy this moment. My country is always telling us that always takecare about investing in cryptocurrencies. But even if they always remind to take care. My government is not making any moves in banning cryptos.

Sound likes what also happen here in our country we are so lucky that even our government recognized Bitcoin as a part of currency that we might be used in having the transaction like paying bills. Besides, they warn people to be careful about this cryptocurrency that possible to be scammed or fraud by the others since it is very common to use in scams. Indeed, government didn't put any regulations on this.

[Mhd-Bobbi]

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. 

Actually what happens if the use of bitcoin is not official, I see almost all countries that use bitcoin, but they continue to use it even though their state government does not approve it.

In essence, even if it's not prohibited, just enjoy it if bitcoin can produce and meet your needs.

If we wait for a request to be approved by the government, it will take a very long time, because there is no legal basis for the law of bitcoin currency.

I think it's back to ourselves to take an attitude in using bitcoin.

[Ozero]

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. 

Smart decision. Together with the legalization of cryptocurrency, as a rule, the income tax comes from its use. Therefore, the undefined status of cryptocurrency means so far and the absence of taxation. However, in this case it is necessary to act at your own risk and risk with almost no state support.

[budakjawa]

the government has not been able to make regulations about this. they also do not want to take steps that they have not fully mastered because they contain a high element of accountability, eventually bitcoin falls into the gray zone where they are not recognized, but still allowed.

You are right about taxes, and the best is we can still trade bitcoin with nominal purchases that are still affordable. Conditions will be much different when all countries regulate bitcoin and make volume + prices higher.

[LeetPoolsOP]

Lets enjoy this moment. My country is always telling us that always takecare about investing in cryptocurrencies. But even if they always remind to take care. My government is not making any moves in banning cryptos.

Because they invest in it by themselves. I am sure that all the leaders of countries who are against cryptocurrency have a little bit of bitcoin in the portfolio..
maybe they have Blockfolin on the cellphone also

[ningrumxxi]

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. 

maybe there are still many countries that have not fully understood the crypto currency, because most countries are still afraid that the crypto currency will turn off their original currency, and many banking financial services will be affected negatively if crypto is legalized in their country, because it will there are many business people who will leave bank services in carrying out their buying and selling transactions,

[primejia]

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.

   
Re: Not Yet Legal But Not Banned
July 03, 2017, 11:16:58 PM
Reply with quote  #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.

[Zalura]

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

but the status of bitcoin is not something that violates the law so it is indeed a bit unique, the perpetrators of buying and selling bitcoin are very numerous and will continue to grow but the status in their respective countries is still not official, because there are still many countries that do not yet recognize can happen because the bitcoin currency has an online system so it is very difficult to ban.

[seggardinggins]

are you from the same country as me? because my country still hasn't made a definite decision about the existence of crypto. as you say maybe my country's government is still hesitant and hasn't found the best way to deal with Bitcoin but they also feel sorry if they decide to ban cypto because crypto can be very useful if used correctly. so until now I have also tried to take advantage of this situation as well as possible because it is possible for my country's government to ban crypto at any time.

[KorakPawon]

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

Seriously? Don't you know what the consequences of being legal? One of the consequences is tax, you have to pay tax. So, how could you be OK with legalization but has nothing to do with tax? I guess you need to read a lot more.

[Harlot]

Laughed hard that I thought OP is making sense on his post and then he will say

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. 

Even without regulation in your country you still have to pay taxes. Income tax in general covers all even if it is illegal that is why drug cartels are laundering money in a form of "legit" businesses in order for them to be able to spend their illegal money. BTC might be neither legal or illegal in your country but you still have a duty to pay taxes even if there are still no laws covering about it. You might be earning through trading and mining but they are still covered by your taxes through capital gains and income tax respectively, there is no special tax for BTC as you already have one.

[Capt00]

Laughed hard that I thought OP is making sense on his post and then he will say

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. 

Even without regulation in your country you still have to pay taxes. Income tax in general covers all even if it is illegal that is why drug cartels are laundering money in a form of "legit" businesses in order for them to be able to spend their illegal money. BTC might be neither legal or illegal in your country but you still have a duty to pay taxes even if there are still no laws covering about it. You might be earning through trading and mining but they are still covered by your taxes through capital gains and income tax respectively, there is no special tax for BTC as you already have one.

That is different here in our country, yes, not yet legal but not banned. Our government did not take any laws regarding Bitcoin and other cryptocurrencies, luckily we are freely used here even without paying tax to them. We enjoyed using anytime and we can pay tax when we buy goods from the earning of crypto. Well, that scenario depends upon where you living and if ever there is a law, then, you must obey the law.

[Harlot]

~snip~

That is different here in our country, yes, not yet legal but not banned. Our government did not take any laws regarding Bitcoin and other cryptocurrencies, luckily we are freely used here even without paying tax to them. We enjoyed using anytime and we can pay tax when we buy goods from the earning of crypto. Well, that scenario depends upon where you living and if ever there is a law, then, you must obey the law.

Don't make a fool out of yourself, If Bitcoin is tax free in your country then all of the businesses will only accept Bitcoin by now in your country in order for them not to have any kind of tax obligations whatsoever. There is no such thing as tax exemption because you are earning Bitcoin, no matter what currency you are earning may it be fiat or cryptocurrencies you still have tax obligations for your country. There is no country dumb enough to tax exempt one kind of currency as it will be a loophole in their tax system. Please you need to know something about taxes to even be in this conversation.

[KrishaBitcoin]

Our country is also in neutral stand regarding Bitcoin earning and sometimes i wish that its should be in this condition forever so that we could enjoy free of tax for more and just forget all about security issues but sooner or later it will become more popular here and the next will be regulation therefore i encourage my friends to join this investments as soon as possible while we are still enjoying free of Bitcoin tax.

[coldplay3r30]

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.

Bitcoin status for some traders is always being blamed, but as long as bitcoin doesn't violate the law we don't need to be bothered, business people don't need to worry as long as the business can make us profitable and can be a source of income for us, then move forward while there is a chance, if our money is stolen we are indeed difficult to report to the authorities, but the case of bitcoin theft is very small, there is a case of fraud using bitcoin as a tool of evil is not theft.

[KorakPawon]

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.

yes maybe that is the reason why until now bitcoin does not have legality, but even so especially in the area that I stop even though there is no legality but I have not heard of any bitcoin users being tackled by the government all but safe means that means there is no special ban bitcoin digital money, if that is the case we must be prepared if one day bitcoi is banned because there is no legality because it might happen ...

[senin]

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. 

Of course, in the absence of regulation of cryptocurrency, there are advantages and disadvantages. The lack of regulation of cryptocurrency activity means the absence of its legal status and legal protection in the state, however, the lack of rules established for its circulation within the state and of course, the absence of taxation on the cryptocurrency. However, the process of considering the issue of legalization of cryptocurrency by the state is inevitable in any case. In the meantime, you can really work with cryptocurrency without its legal status and earn a good profit, as long as there are no income taxes in this type of activity.

[DavidNiva]

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.

there is no law anywhere that says bitcoin violates the law, because basically bitcoin is only money that has no form, how it can violate the law, what happens is that bitcoin abusers buy something that is in violation of the law, so it all depends on its use, not bitcoin the problem, but the user has a problem.

[aryatrals]

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. 

Bitcoin status is very different from each country,  because the financial system is different and the laws are not the same, but indeed bitcoin is not a prohibited item, so the status still does not violate the law,  so bitcoin traders can trade freely,  but if they transfer money to the State this origin is usually problematic, because the government will examine the flow of funds,  but it can still be overcome.

[Rooster101]

Lets enjoy this moment. My country is always telling us that always takecare about investing in cryptocurrencies. But even if they always remind to take care. My government is not making any moves in banning cryptos.

Same here, my government also reminds its citizens to take necessary steps before investing in cryptocurrencies because it is very risky and some scammers are also using it. The central bank here is permitting the operation of local crypto exchanges but they have to apply for licenses first. Financial technologies and other blockchain companies are also welcome to set up their business here but the government  is yet to legalize bitcoin.

[Siren]

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. 

In our region we have the same status of government in which theres no banning but not legal also though there are some warning from the Central Banks on how to engaged with cryptocurrency,but you are right we must enjoy this status instead many things ca be done by this before the finak action of each governments

[iMark]

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.

there is no law anywhere that says bitcoin violates the law, because basically bitcoin is only money that has no form, how it can violate the law, what happens is that bitcoin abusers buy something that is in violation of the law, so it all depends on its use, not bitcoin the problem, but the user has a problem.

You can say that but in my opinion every country lives in a rule, there is nothing that is not regulated in state law, and if something foreign comes like bitcoin, then there are no rules regarding that? so that the response and legal clarity is needed, as long as there are no regulations, then you are free to use it

[imstillthebest]

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.

there is no law anywhere that says bitcoin violates the law, because basically bitcoin is only money that has no form, how it can violate the law, what happens is that bitcoin abusers buy something that is in violation of the law, so it all depends on its use, not bitcoin the problem, but the user has a problem.

You can say that but in my opinion every country lives in a rule, there is nothing that is not regulated in state law, and if something foreign comes like bitcoin, then there are no rules regarding that? so that the response and legal clarity is needed, as long as there are no regulations, then you are free to use it

yes . some country restrict , ban cryptos but some did not   .  that depends on the ruler of your country because they have the power to issue a new rule or law  .  if im not mistaken there is an act about creating new currencies and  it its actually against the law  . you can be fined or jailed  if ever the authorities caught you . so be careful while using a crypto in public  .

[BLAST2MARS]

As long as your government just let you transact bitcoin and altcoin then  there's a greater chance it is going to be legal.  And also if businesses and exchanges is becoming a booming business in crypto then you don't have to worry. Because in my country, they does not really mind crypto and take it seriously but they have released numerous responses that they want to study blockchain.

[bitcoinisbest]

Their are countries which are still in dilemma as to make it legal or ban it because their are many advantages and few risk factors as well which the government think and due to which they are trying to figure out the way how can it be more better and help the economy to grow.

[sijonru]

Our country is also in neutral stand regarding Bitcoin earning and sometimes i wish that its should be in this condition forever so that we could enjoy free of tax for more and just forget all about security issues but sooner or later it will become more popular here and the next will be regulation therefore i encourage my friends to join this investments as soon as possible while we are still enjoying free of Bitcoin tax.

In theory, it is very easy to explain, but in reality it is very difficult to apply equally in all countries, because the problems of one country with another are different.
Therefore, many countries are taking a middle course, which is not legalizing but not prohibiting, meaning that the risk is borne alone, because the regulation on bitcoin does not exist.

[Hiru941126]

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.

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.

[idham29]

As long as your government just let you transact bitcoin and altcoin then  there's a greater chance it is going to be legal.  And also if businesses and exchanges is becoming a booming business in crypto then you don't have to worry. Because in my country, they does not really mind crypto and take it seriously but they have released numerous responses that they want to study blockchain.

In many countries bitcoin is prohibited, but in other countries it is not prohibited. That greatly affects the bitcoin owner's mentality because living in a country that prohibits bitcoin, means using bitcoin will oppose state regulations.
In my country, bitcoin is not prohibited as an investment, but may not be used as a payment instrument because it is not considered a legitimate currency by the state.

[goaldigger]

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. 

My country has this unique cryptocurrency status which is the "legal but not paying taxes". Crypto is widely spread in the country and is also recognized by the Central Bank but until now i dont see any regulations comming from the Bureau of Internal Revenue on how to file taxes for it. I am also enjoying the benefit of it for now.

[CryptoBry]

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. 

My country has this unique cryptocurrency status which is the "legal but not paying taxes". Crypto is widely spread in the country and is also recognized by the Central Bank but until now i dont see any regulations comming from the Bureau of Internal Revenue on how to file taxes for it. I am also enjoying the benefit of it for now.

Well, that is something we have to thanked for. There are many countries in which tax collection system is designed not to be over strict and burdensome with the people. Unlike many advanced countries where tracking can be flawless, some countries are still behind (or maybe have chosen not to upgrade yet their existing platform) so most likely what you voluntarily declare can be the basis of what you might pay. Now, in the case of the Philippines we have to remember that we have the law which dictates that we have to declare any income we realized for the previous year and certainly that includes income from cryptocurrency activities. In the end, we can declare it...or we might not.

[lepbagong]

It is true that many countries, especially developing countries, have not been able to keep up with the rapid development that has arisen like crypto. but in my country the government already knows and because there are no regulations that can regulate it quickly it happens to be the same as what you told. there is clearly a prohibition against being able to be used as a legitimate transaction in any form, but it does not prohibit if we want to exchange it for fiat. developments will continue to run someday there must be regulations that govern it because surely the tax that can be absorbed is quite good.

[Falgorn]

We can work in such a gray indefinite status, but it cannot develop a cryptocurrency under uncertainty conditions. In order for the infrastructure to use cryptocurrency to develop precisely as a means of payment, it necessarily needs to be legalized by its state. Therefore, the period of time when the cryptocurrency is not yet legalized, but it is not prohibited, will not be long.

[ene1980]

Their are countries which are still in dilemma as to make it legal or ban it because their are many advantages and few risk factors as well which the government think and due to which they are trying to figure out the way how can it be more better and help the economy to grow.

The best option any government can do is to make it legal and monitor the flow of money and not to drive the market underground and if that happens then there is no way the government can have any control over any transactions, either all the countries have to come to a conclusion that the entire market has to disappear, if not if one country bans and the other allows them, then there is no way you can stop the market.

[Questat]

We can work in such a gray indefinite status, but it cannot develop a cryptocurrency under uncertainty conditions. In order for the infrastructure to use cryptocurrency to develop precisely as a means of payment, it necessarily needs to be legalized by its state. Therefore, the period of time when the cryptocurrency is not yet legalized, but it is not prohibited, will not be long.

Indeed it needs to be legalize as whether we like it or not, in the end if it goes bigger, the government will still mind it for their interest to protect people and at the same time get their share of the pie. Crypto started to get more regulation and that means more strict rules but we have no choice but to follow.
Regulation is for all or for the benefit of all, so we trust the government to create one for us and believe they are doing it for all of us.

[imstillthebest]

I am not afraid of KYC but I am concerned about the security of user information, it can be used illegally for many different purposes, adversely affecting users.

That's what you should be afraid of. You won't know if a project that you follow ends in a scam, unless you know that and you definitely avoid it. I just can't understand when there is a project that requires KYC from each participant and then he gets paid with a litle amount of money like $ 5 $ 10 or $ 30 because that is not reasonable. You really sacrifice to your anonymity for small money even though you can get the money with an easy way through trading or other means.

if its from a bounty and airdrops then we all must think twice before we decide to do a kyc or not because most bounties and airdrops are risky as they dont have much any reputation yet from the public but when it comes to exchanges  , gambling sites and other simillar platforms its easier to identify thier credibility  . the said amount above  ( the 30 usd  ) is i think reasonable to some to risk identity because he badly need the cash but we shouldnt follow that desperate move if you still have the ability to eat at least two or one times a day and besides there are still jobs that are less risky in exchange for some cash ,

[yohananaomi]

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.

there is no law anywhere that says bitcoin violates the law, because basically bitcoin is only money that has no form, how it can violate the law, what happens is that bitcoin abusers buy something that is in violation of the law, so it all depends on its use, not bitcoin the problem, but the user has a problem.

in fact there are several criteria about the law against bitcoin, some do not allow bitcoin at all, some do not allow bitcoin to be used as a legitimate transaction but do not prohibit exchange. but it's already the country that accepts bitcoin. but with the development of technological civilization, bitcoin by itself will be accepted.

[onrise]

This is very dangerous situation where their is no clear idea as if government or regulators are allowing it or has banned it. Because in such technicalities if government decide to ban they can out a lot of stress on consumers or investors holding the coins.

[joshy23]

This is very dangerous situation where their is no clear idea as if government or regulators are allowing it or has banned it. Because in such technicalities if government decide to ban they can out a lot of stress on consumers or investors holding the coins.

Ons big question that still needed to be define or find a good alternatives, if government will start adopting and allow this industry to co-exist with their
jurisdictions investors around will follow and also start to trust the chain but in the other side if they will ban this market then trust coming the place will
be n questions and it will be hard for the majority to invest in.