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Author Topic: Not Yet Legal But Not Banned  (Read 8502 times)
Gozie51
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November 06, 2017, 02:09:47 AM
 #101

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.

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November 06, 2017, 11:05:53 PM
 #102

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

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November 07, 2017, 06:20:39 AM
 #103

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.

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November 09, 2017, 02:00:49 AM
 #104

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.

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November 13, 2017, 06:54:56 AM
 #105

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.
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November 13, 2017, 11:29:51 AM
 #106

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.

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RoadToBTC
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November 15, 2017, 09:35:45 AM
 #107

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.
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November 19, 2017, 07:19:19 AM
 #108

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
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November 22, 2017, 08:59:19 AM
 #109

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.

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November 22, 2017, 10:46:35 AM
 #110

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 

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November 22, 2017, 09:40:34 PM
 #111

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.

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November 23, 2017, 11:19:26 AM
 #112

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.
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November 26, 2017, 11:02:46 AM
 #113

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

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November 26, 2017, 02:02:46 PM
 #114

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.

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Agostosmori
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November 27, 2017, 02:29:22 AM
 #115

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.

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November 27, 2017, 05:26:42 AM
 #116

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
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November 27, 2017, 07:11:08 AM
 #117

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.
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January 21, 2018, 04:23:49 PM
 #118

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.

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January 21, 2018, 04:32:41 PM
 #119

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
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January 21, 2018, 04:44:30 PM
 #120

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
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