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Author Topic: Not Yet Legal But Not Banned  (Read 32001 times)
auliasilvana
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May 26, 2018, 06:35:40 AM
 #281

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.

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May 27, 2018, 01:44:49 AM
 #282

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

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May 27, 2018, 10:33:27 AM
 #283

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.
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May 27, 2018, 04:14:25 PM
 #284

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.

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May 31, 2018, 12:02:26 PM
 #285

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June 03, 2018, 08:12:54 AM
 #286

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
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June 03, 2018, 09:22:05 AM
 #287

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.

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VeronAncient
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June 03, 2018, 09:33:27 AM
 #288

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
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June 03, 2018, 12:52:13 PM
 #289

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
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June 04, 2018, 04:14:34 PM
 #290

It is in progress and become legally in all countries in the world.
SnowyPerson
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June 04, 2018, 11:26:11 PM
 #291

In my country, too, the parliament is constantly going to discuss the status of the crypto currency, but they can not forbid it either.
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June 05, 2018, 06:33:47 AM
 #292

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.
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June 05, 2018, 08:06:07 AM
 #293

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.

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Mydoan708
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June 05, 2018, 09:16:04 AM
 #294

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.
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June 06, 2018, 09:28:35 PM
 #295

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.
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June 08, 2018, 02:47:50 PM
 #296

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.
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June 08, 2018, 05:33:55 PM
 #297

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June 08, 2018, 08:54:35 PM
 #298

Well , i thnk it is legal, but not used in all country
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June 08, 2018, 09:26:12 PM
 #299

"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.

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June 09, 2018, 06:28:24 AM
 #300

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.

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