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Question: If this will be available
Legal - 37 (92.5%)
Ilegal - 3 (7.5%)
Total Voters: 40

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Author Topic: Legal bitcoin or illegal bitcoin  (Read 5981 times)
raymart0720
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July 29, 2017, 03:52:48 PM
#1

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

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August 02, 2017, 08:56:58 PM
#2

I suppose you meant and should rephrase your post as Bitcoin recognized as a currency or not. If it is recognized as any form of money one is liable for paying tax on that and you wanted a vote to know what others think. In my opinion, I would vote that Bitcoin better not be recognized as a currency or any form of asset by my government.

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August 02, 2017, 10:20:48 PM
#3

I suppose you meant and should rephrase your post as Bitcoin recognized as a currency or not. If it is recognized as any form of money one is liable for paying tax on that and you wanted a vote to know what others think. In my opinion, I would vote that Bitcoin better not be recognized as a currency or any form of asset by my government.
 

Might be that what he was trying to point out is that  if btc does not break any codes and protocols in the web.

It is legal but in someays it can be illegal depending on how someone advertises btc. But off course some issue is the identity. Some people might be using btc to fund things that can harm the anyone but in most cases in just gives opportunity to anyone smart enough in investing. I may have seen sites that was shut down on related to btc but that is for a different violation.

                                     
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August 03, 2017, 03:10:57 AM
#4

Of course legal and illegal bitcoin depends on how to use it, if anyone says that illegal bitcoin may be caused by people using bitcoin for crime transactions. But in general bitcoin is used for business purposes because bitcoin is very useful if we have knowledge about the use of bitcoin well.

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August 03, 2017, 03:16:17 AM
#5

if we talk about bitcoin its self, i recomended to be illegal, no people can interference bitcoin, no one can stop any transaction, and no one can ask tax for my money.
but if we talk about the transaction of bitcoin, i m sure no one interesting to support illegal activity like terorism etc.
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August 05, 2017, 08:32:11 AM
#6

I will say its legal cause I use it in every good form I can use my normal country's currency. Bitcoin is said or looked at as illegal because most people use it for illegal activities, but if we all use it for every legal reasons, then the illegal part will be looked out.

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August 06, 2017, 05:36:24 AM
#7

A lot of people who is trying to leverage the digital currency especially the bitcoin. Bitcoin is the mother of all digital currency and it is legal. It becomes illegal because of the people doing the PONZI scheme and they educate people by using the term BITCOIN. The only way for us to identify what is legal or not is to educate more ourselves and help educate other people to learn more about BITCOIN. BITCOIN is a breakthrough currency right now.
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August 06, 2017, 07:55:59 AM
#8

It all depends on the jurisdiction. Bitcoin in some countries is already quite legal, but not in others.
But the key point is that all the fiat currencies were initially tied to the state, where they are emitted. With crypto it is different. Therefore, crypto will never be legal everywhere.

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August 06, 2017, 11:50:30 AM
#9

bitcoin is a new invention and cryptography and digital currency. Some Body accept and some body could not accept because some country govt say bitcoin Illegal and bitcoin bad effect for his country and at the some time some country accept and legalize.. some country people can not use bitcoin because it's crime to use it.

So we can not 100% sure is it bitcoin legal or illegal .

We Still Hope bitcoin will legalize for every country .

Thank you

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August 07, 2017, 01:09:33 AM
#10

Bitcoin ofcourse is legal, but others use it in illegal ways...they use it to scam others like onpals.. After they collect a lot of money,they will run away and take the money of the crying investors..

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August 07, 2017, 02:55:44 AM
#11

Bitcoin is built with an innovative system as the first digital currency and has highest value in crypto market of course with the aim of improving the economy of each user, but in fact there are some users who deliberately exploit the weakness of bitcoin for various crimes, perhaps based on these things have Causing an unfavorable government response to bitcoin legality, but currently legal or illegal bitcoins, do not have a big impact on bitcoin progress as well as rising prices.

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August 07, 2017, 02:13:25 PM
#12

Bitcoin ofcourse is legal, but others use it in illegal ways...they use it to scam others like onpals.. After they collect a lot of money,they will run away and take the money of the crying investors..

The legality of Bitcoin depends on the jurisdiction. In countries such as Singapore, Australia, Japan and South Korea, the currency is 100% legal. However in certain countries such as Thailand and Iceland, it is illegal.

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August 13, 2017, 04:04:37 AM
#13

I have no specific problem here in my country regarding Bitcoin because our government is looking at is as like any foreign money so that exchange and wallet providers have to be registered as foreign remittance business. The government is taxing us per transaction just like foreign exchange but Bitcoin holders are not yet urged to declare their income out of their cryptocurrency holdings.

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August 14, 2017, 04:08:25 AM
#14

I've only earn BTCitcoin in a legal way, black hat is not my thing. And in our country bitcoin is not yet approve in law, but bitcoin users are open and no need to hide because the business community support it. We even have our local wallet provider that is connected our earning through banks and remittance centers.
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August 16, 2017, 02:05:19 AM
#15

I've only earn BTCitcoin in a legal way, black hat is not my thing. And in our country bitcoin is not yet approve in law, but bitcoin users are open and no need to hide because the business community support it. We even have our local wallet provider that is connected our earning through banks and remittance centers.

Yeah the local wallet is our way to earn our bitcoin through the real money, and its legal, because in any transaction there is a deduction, maybe in other country its not approve by law but we do not do anything wrong to say that it is illegal. So as long as we do it in a Good way and don't scam I think it's legal.

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August 18, 2017, 03:59:35 PM
#16

BITCOIN is Legal only.

But it is depend upon how you are going to utilize it. every thing has two sides. If good is that for sure Bad will be there also. We no need to panic our self till we use Bitcoin for legal tenders.

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August 19, 2017, 01:22:51 AM
#17

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie
There are some countries where Bitcoin is illegal. As I don't know your country. So, it would be tough to tell. You should add one more option in your poll of neither legal nor illegal. Majority of countries don't have any rule on Bitcoin. People can use it without any restrictions. But government or a country as whole doesn't accept it as a legal tender in that country.

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August 19, 2017, 01:34:46 AM
#18

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie
There are some countries where Bitcoin is illegal. As I don't know your country. So, it would be tough to tell. You should add one more option in your poll of neither legal nor illegal. Majority of countries don't have any rule on Bitcoin. People can use it without any restrictions. But government or a country as whole doesn't accept it as a legal tender in that country.

i am agree with you, still there is many country is not giving any statement about bitcoin and i think they are waiting for something so they can giving any clarification later. but i think in future, there will be many country will make bitcoin as legal so bitcoin will be free to use in their country. and for people which using bitcoin for illegal, i think the government will make some new rule for this so people can not abuse bitcoin for the illegal activity and if they are caught, they will go to jail.

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August 19, 2017, 09:54:08 PM
#19

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

Bitcoin is property, a governmental non consideration at the least and an actually currency at the most. I don't think bitcoin itself can be illegal or legal itself, unless you mean it's prohibited in said area, which is pretty rare. Coins can be tainted, or essentially associated with a known criminal activity. That would make them evidence and subject to confiscation; but the coins themselves are still legal property/tender/whatever. You also would have be Ken no crime if you can demonstrate how you obtained the coins.

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August 22, 2017, 08:23:07 AM
#20

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August 23, 2017, 01:40:22 AM
#21

I do not know, in some countries, the bitcoin becomes legal, and in some cases it becomes illegal. It may depend on its use, as many use illegal bitcoins, and many use them for public use.



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August 23, 2017, 04:51:43 AM
#22

I do not know, in some countries, the bitcoin becomes legal, and in some cases it becomes illegal. It may depend on its use, as many use illegal bitcoins, and many use them for public use.

Legalizing bitcoin in one country is not that much on impact for me. It only gives the government an options for taxation and regulations and even prone to corruption in the long run. It is better this way that most country is just ignoring bitcoin for now. But in due time I know it will eventually.
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August 23, 2017, 05:59:17 AM
#23

I'm sure some countries will ban it. But if my country bans it, I will probably tell them "What bitcoin? Oh I lost those in a boating accident!"  Grin
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August 23, 2017, 09:40:25 PM
#24

I want Bitcoin to be called a clean name, when I drink coffee with my children, I am quick to pay and dream of doing with Bitcoin, but it is very easy to use for illegal purposes, but that does not make it bad.



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Rainbot
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August 24, 2017, 07:28:56 AM
#25

For me, what we do here to collect, get, and store bitcoins is a legal job. Although bitcoin is not yet legal in my country, but the government in my country is not concerned about the existence of bitcoin, since bitcoin has been used in one of the territories in my country and it works well and there is no resistance from the state government and the local government.



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Carmen01
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August 24, 2017, 09:46:02 AM
#26

I've only earn BTCitcoin in a legal way, black hat is not my thing. And in our country bitcoin is not yet approve in law, but bitcoin users are open and no need to hide because the business community support it. We even have our local wallet provider that is connected our earning through banks and remittance centers.
i agree to your answer bitcoin here in philippines is legal but not so popular because they only know how to deposit and to exchange only but i think in the future bitcoin will become popular to people here in the philippines if they learn how to earn

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August 31, 2017, 12:58:25 PM
#27

In my opinion, Bitcoin should be legal, it can completely replace the FIAT. With the legal Bitcoin, we can go anywhere, buy anything do not need visa, do not need money cash. Very convenient to travel or trade. I firmly believe that Bitcoin will be the common currency of the world in the coming years.
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September 01, 2017, 01:26:10 PM
#28

Legalizing bitcoin is not any of my problem but the need to study by one government. As long as I believe that what I do is not associated with criminal activity I'm safe. I don't need to wait for a law to tell me what I do is right or wrong. What matter is what you believe in, what matters is what is right and what matters is my family that I've supported through this.
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September 02, 2017, 01:40:33 AM
#29

Bitcoin is legal or illegal, I do not know. yes may depend on the consideration of its users. Some people recognize Bitcoin entirely as a currency, some only consider it a financial instrument, and some allow it with special warnings, and some also provide legal status by default because there are absolutely no rules made about Bitcoin. Although most of them still enjoy the benefits of bitcoin decentralization, the attitude of government or regulatory bodies against it. remains an important influence, especially for its future sustainability.
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September 02, 2017, 04:31:04 AM
#30

I think if bitcoin has clear legality it will certainly allow faster bitcoin development because of government support for bitcoin advancement.
But so far it does not become an obstacle to the development of bitcoin of course with the passage of time either the popularity or the legality of bitcoin will be realized.

   
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September 02, 2017, 05:57:05 AM
#31

bitcoin gives people such a good impact. so, there's no reason to make bitcoin illegal in my country. Well, although I know, there are still some people who use it for their own benefit, and do illegal transactions, but nowadays, bitcoin has more good effects than bad ones. so, of course it's legal.

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September 03, 2017, 09:44:46 AM
#32

Every thing has a negative or positive effect. As of where we drive them as our wish.  Bitcoin is now most important currency online platform. So there is no reason to mark illegal Bitcoin. It has so more good effect than a bad idea.
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September 06, 2017, 10:26:17 AM
#33

I think that it dependences on how you use them, but i don't find any harm Grin
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September 06, 2017, 10:55:45 AM
#34

illegal because it is global and not depend on $
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September 06, 2017, 11:10:26 AM
#35

 to be  honest it is depend on the way you see
if you government it is illegal

normal person is legal
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September 06, 2017, 11:14:48 AM
#36

It depends on the country. Some goverment have adopted legislation that makes Bitcoin illegal. In some parts, Bitcoin is legal.
But most of the countries haven't take any action for the bitcoin.

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September 06, 2017, 12:20:06 PM
#37

I think that most countries will in a near future create legislation on bitcoins. I believe it will be perhaps related to the amount of importance they gain in their economics and their necessity to control the transactions and taxs, mostly when people exchange bitcoins for the using currency and do businesses with it.
In counties where many companies accept BTC as a payment method, governments will definitely have the necessity to legislate.
As to being legal or illegal, just like it happens now with all existent currencies, it depends on whether they are used to legal or illegal transactions and operations. The problem with BTC, I think, is that they are more difficult to track by the authorities, thus of course legislating will always try to reinforce this control.   
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September 17, 2017, 02:49:38 AM
#38

It depends on the country. Some goverment have adopted legislation that makes Bitcoin illegal. In some parts, Bitcoin is legal.
But most of the countries haven't take any action for the bitcoin.

That's right. It depends on where you are residing if bitcoin is illegal or not. Many people doesn't know bitcoin yet and their government is not yet alerted by the growing community of crypto users in their country thus it doesn't make it legal or illegal but in the context that it is not yet declared illegal in your country means it is presumably legal and if you observe that bitcoin is use freely in your country then it would be good for you.

There are countries that declared bitcoin illegal because they are worried their countrymen would make crypto as a means of doing something illegal like selling drugs, firearms or supporting terrorism and some media outlets reiterate in their viewers that bitcoin is use by people doing something illegal. There are countries that declared the legality of bitcoin and collect taxes to people that have income from it.



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September 17, 2017, 05:51:41 AM
#39

It will still be a long time before there are major regulations relating to bitcoin. Even the US has auctioned off bitcoin from silk road many times. I do however see judges and cops have a sort of bias against cryptocurrencies, as if they just assume it is used for drugs or something.

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September 17, 2017, 05:58:23 AM
#40

Buying and selling bitcoin is illegal or so is what I read. Nothing was said against earning bitcoin.

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September 17, 2017, 10:59:00 AM
#41

It should be legal bitcoin because it is more trusting it if it is legal and does not take into account that it is the choice. The bitcoin image will be beautiful if it is legal and it is connected to the government. If bitcoin becomes illegal, no one really trusts it. And it is important that bitcoin be legal.

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September 17, 2017, 01:50:05 PM
#42

Definately Bitcoin is legal of my views and there are many countries declared it is legal but on the other hand its true many countries announced Bitcoin is illegal it is absolutely shitty decision i think.

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September 18, 2017, 01:39:15 PM
#43

Although i vote legal Bitcoin and everybody voted legal Bitcoin.But its also right many countries announced Bitcoin is illegal specially such as asia country is big example.

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September 18, 2017, 06:23:50 PM
#44

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie


I'm just new here in bitcoin, it was referred by my friend. as far as I know, bitcoin is legal and it's not violating any law.

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September 18, 2017, 11:29:08 PM
#45

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

bitcoin is not illegal unless your using it wrong and doing it on illegal things like buying drugs or arms/guns on the darknet or deepweb, but its just fine and safe if your gonna use it only in buying things online and paying someone online or offline although there are still country that restricts using bitcoin. and i dont agree with you that it should be put tax on bitcoin because the transaction fees is high enough and it is just like the tax in bitcoin.

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September 20, 2017, 04:23:32 AM
#46

in my country bitcoin is not yet legal but the command does not prohibit its people using bitcoin. just give a warning to be careful in every bitcoin transaction.

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September 22, 2017, 02:37:05 AM
#47

All of us wants to be safe so we'll choose legal. Bitcoin will be illegal if you buy or sell someting illegal (drugs, marijuana, guns) but you can choose your own path you want to do with bitcoin. Bitcoin is legal.

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September 23, 2017, 03:28:44 PM
#48

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the concurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.

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September 29, 2017, 06:14:57 PM
#49

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

We know that in some country bitcoin is illegal and some country legalize bitcoin as their alternative currency. I don't why bitcoin is illegal in some country in asia maybe because crypto currency is a big threat to national banks and local banks that's why they banned bitcoin. But for me, as long as you know that you earn your bitcoin in a good way or by working with it I think there no problem with that as long as you exchange it to a legal exchange site to convert it to real money.
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October 01, 2017, 09:03:18 AM
#50

This week was a message from the head of the IMF that cryptocurrencies do not pose a threat to the banking system. I don't agree with him. If the popularity of bitcoin will continue to grow this may become a problem. But I think that the reason for the ban of bitcoin is that the government is afraid of free citizens. Bitcoin banned only in authoritarian countries.

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October 01, 2017, 10:16:58 AM
#51

I think it's a mess like a soup now. it is pointless to argue that it is legal and illegal anymore. Because when it is used properly for its purpose it will prove to be legal.



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October 03, 2017, 01:15:20 AM
#52

Individual states will not be able to ignore the circulation of the country's crypto currency for a long time, because of the increasing demand for it and its value, it has an impact on the country's economy. Therefore, each state will be faced with the choice or prohibit the circulation of the crypto currency, or recognize it as a legal tender, settling its circulation and charging a certain tax on the income from its activities. Obviously, recognition of the crypto currency is better than its prohibition. Although the prohibition of crypto currency will not mean that it will cease to use. By its prohibition, the state can only drive the crypto currency into the shadow turnover and partially move its circulation to other countries. Seeing this, governments choose the option of regulating it than a useless ban.

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October 03, 2017, 02:57:01 AM
#53

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie
I think bitcoin is legal way to earn money even all state not declairing that bitcoin is already regulated by the law. Here in my country bitcoin is not yet fully adopted but our local bitcoin wallet requiring government id before using thier services and also it was regulated by amla. That is why i think this is a legal currency which a potential to make poor to be rich in the future and it helps the economy of one country will be great as their current economy.
But i am hoping that bitcoin would be government regulated amd to be declaire that this currency will be included in all payment method in all stores here in our country.

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October 03, 2017, 03:38:10 AM
#54

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

bitcoin is legal unless your using it the wrong way like buying illegal thing ( drugs, guns, etc. )  and i dont think bitcoin would become a currency or will replace the fiat money because its so much hasel like waiting for transaction time to be procesed while buying something on the mall and not all people have a knowledge to use it because bitcoin is too complex  and hard to understand if your not into technology. we are eager to earn it because its easy to earn it online and rates are much higher that it could give you hope to become a rich man someday.

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October 03, 2017, 07:55:49 AM
#55

I want the legal bitcoin in the world. Because of what, Bitcoin deserves to be a role model of virtual money in this world. and the concept of bitcoin is very easy to learn and familiar in everyday life.  Smiley

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October 03, 2017, 09:13:28 AM
#56

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

Legality of bitcoin will depend of nations judgement not by us. If fiat money can be use on laundering to purchase drugs and arms then money will be considered an illegal too because that is your opinion. Bitcoin or any other currencies together with fiat are meant to be use in purchasing it will depend on how we use them either for the good or for the bad it will depend on the user so dont be close minded that bitcoin currency is already an illegal thing.

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October 03, 2017, 10:16:43 AM
#57

In many countries BTC is illegal, in orher countries the governments have not decided yet whether it is possible to use coins, but at the same time close your eyes to the fact that people are already using them
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October 03, 2017, 10:37:10 AM
#58

Once in our life had a bitcoin it was not just the currency. It is a completely different ideology. I think that people have not realized. Most people look at bitcoin through the lens of Fiat. If we wait for government approval to use bitcoin we will never get the right to solve their problems themselves. We need to unite and not to look to the government.

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October 03, 2017, 11:10:25 AM
#59

nevermind) people who want use coins will do this and maybe it will be very difficult but anybody' ll be cunning
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October 03, 2017, 11:22:43 AM
#60

On the one hand i do not want bitcoin to be legal in my country, on the other hand i want bitcoin to be legal because its prise will rise

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October 04, 2017, 12:42:10 PM
#61

What means "illegal"? It means that it forbidden to trading on exchanges registered elsewhere or conducting an ICO being a Bangladesh citizen nor buying tokens of such ICOs, buying tokens of foreign ICOs?
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October 04, 2017, 04:03:51 PM
#62

It is interesting that the question of the legality of bitcoins is only interested in people in developed countries. In third countries is not such a problem. Those authoritarian country in which there is a legislative ban on the use of bitcoin I am not considering. In third countries people used to survive in difficult situations and therefore are easily able to hide their income. It is important for them to be able to income and hide it from the States no problem.

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October 05, 2017, 08:47:20 AM
#63

it is Depend on your see if you government it is illegal because it is out control normal bank system  others will see it is legal

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October 05, 2017, 11:19:30 AM
#64

The law stated that those action with no corresponding law against it is not illegal.. Means if the government will not issue or passed a law to legalized bitcoin means that doing it is not illegal because it can only be recognized as illegal if there痴 a law against it.. So complicated that痴 why it is more important just to ask a friend who is in law school or a lawyer to have more clarification..

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October 07, 2017, 07:27:27 AM
#65

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

actually bit coin came in 2009. most of the people don't no about that coin. but now it has more demand. if who had bit coins their was rich. actually few people buying bitcoins legally and some persons are buying illegally. so government may pass rules bit coins declare official in the country then            all the cheaters coming outside. if i have to take bit coins definitely it is legal.
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October 07, 2017, 07:36:28 AM
#66

In my opinion Definitely Bitcoin is legal,there are many countries declared it is legal. I think it will be legal  each and every country. Bitcoin is a digital currency that's why we can buy easily  anything and transaction. but locally it is difficult for us. finally i want to say that it should have done for legal.

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October 07, 2017, 08:21:28 AM
#67

The title of this thread is quite off because there are no legal nor illegal Bitcoins to speak of based on the question on hand. What is being asked here is about your use of Bicoins - as to whether it is for a legal or illegal cause - and not as to the legality or illegality of Bitcoins per se.

Nonetheless, granting we have the same understanding as to your question, I think nobody here will ever speak about their use of Bitcoins should it be for illegal causes. Otherwise, they will be investigated by authorities through this thread, thereby putting at risk the very cause of this community.

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October 07, 2017, 09:09:00 PM
#68

Bitcoin Legality is a hot and interested topic now a days. In my country it is not illegal yet....so no worries.
Its legality depend upon the country stand you live in. Countries like Bangladesh, Thailand etc..bitcoin transaction is totally illegal; no matters for what reason you are using it.
For other countries, say like japan, If you use bitcoin for prohibited activities like money-laundering, buying drugs etc...in that case the activity is illegal not Bitcoin.


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October 09, 2017, 07:25:56 AM
#69

because of the anonymous nature of its ownership. One of the negative effects is, the number of illegal trade of goods online without being able to diendus by the police.
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October 09, 2017, 07:48:31 AM
#70

Countless firms now talk of taking bitcoins as payment, including Richard Branson, Bitcoin ATMs have mushroomed since the first launched in Vancouver, Canada, in November 2013,  bitcoin痴 limited supply and freedom from human interference are powerful assets. They have transformed what was an interesting intellectual experiment into a living economy.  Read the full article here :  https://www.coindesk.com/regulation-help-bitcoin/
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October 09, 2017, 08:28:22 AM
#71

Bitcoin Legality is a hot and interested topic now a days. In my country it is not illegal yet....so no worries.
Its legality depend upon the country stand you live in. Countries like Bangladesh, Thailand etc..bitcoin transaction is totally illegal; no matters for what reason you are using it.
For other countries, say like japan, If you use bitcoin for prohibited activities like money-laundering, buying drugs etc...in that case the activity is illegal not Bitcoin.
If you live in Thailand there is no problem to earn bitcoins online to buy anything or to exchange them for dollars and send then to Thailand. This will entail additional costs but it will not be a violation of the law. Simple bans bitcoin cannot be stopped.



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October 09, 2017, 10:12:36 AM
#72

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

Bitcoin is not itself illegal, but what makes it prohibited from other countries is its composition being decentralized. Due to this, people are taking advantage of it by using it as the main medium of exchange under the dark web for illegal transactions. There are quite a number of countries who ban the usage of bitcoin because there were reported to be numerous cases of it on their country. The bad part is that, this creates a stigma on the reputation of bitcoin, thus decreasing the chances of attracting new investors and users thinking that bitcoin is illegal.

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October 09, 2017, 10:45:56 AM
#73

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

Bitcoin is not itself illegal, but what makes it prohibited from other countries is its composition being decentralized. Due to this, people are taking advantage of it by using it as the main medium of exchange under the dark web for illegal transactions. There are quite a number of countries who ban the usage of bitcoin because there were reported to be numerous cases of it on their country. The bad part is that, this creates a stigma on the reputation of bitcoin, thus decreasing the chances of attracting new investors and users thinking that bitcoin is illegal.
It seems to me that money laundering using bitcoin in fact it happens much less frequently than is the case with Fiat. The reason for the spread of such rumors and prohibitions quite different. Governments control their citizens through Fiat. At any moment they can devalue money and blame a dissatisfied power. Monitor people whose income is not dependent on the government is much more difficult. This is the main reason why governments ban bitcoin.

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October 22, 2017, 11:35:31 PM
#74

It really just depends on which country you live in. Some are very lenient and/or indifferent while others will jail you.

Hopefully soon those countries become more progressive
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October 23, 2017, 02:13:58 PM
#75

In some countries it is allowed to transact and buy bitcoints but there are countries that fight it like Island, Bolivia, Kyrgyzstan, Ecuador ...
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October 23, 2017, 02:49:46 PM
#76

Bitcoin is legal, if it was not legal, we could not buy Bitcoin now, we can buy Bitcoin in various ways and this proves to be legal. If the tax is arranged, we pay taxes. If the illegal part is money laundering, money laundering has been done in a lot of ways since ancient times. It is very bad to pay the crime bills with Bitcoin, but the crime bills   are paid in paper money for a long time. Paper money is illegal in this way of thinking. Bitcoin is not itself illegal.

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October 24, 2017, 03:43:53 AM
#77

Basically, Bitcoin is a way to transfer money from one user to another without the need of mediator and I don't think there is any illegal activity in trading and exchanging money. But further, the ans to this question is purely based upon user to user point of view and also the country where they live. Many countries have regulated Bitcoin, due to which the users in those countries consider it as legal activity but where it is illegal or still under regulations, there people are in a dilemma state that Bitcoin is a legal activity or not.

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October 24, 2017, 05:21:13 AM
#78

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

actually bit coin is made for legal business only. so most of the people doing legal business and transferring they money in to bit coin format. in this process they have to earning some more money. so bit coin not only taking legal business doing people but also taking illegal business people. actually they earning millions of money in they illegal business so in bit coin investment doing both legal and illegal business people.
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October 24, 2017, 05:34:23 AM
#79

Unfortunately bitcoin still consider as illegal currency so our people still can't use it for transaction.
But I still able to own bitcoin without being fear getting into jail because the policy still not legalized yet.


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October 27, 2017, 09:56:36 AM
#80

If maximum countries government officially declared Bitcoin is legal so i think BTC is fully legal digital currency.Only some few country banned Bitcoin but it's dosen't matter and it not bad effect for BTC.

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October 27, 2017, 11:05:55 AM
#81

I have always used Bitcoin in legal ways, and in my next life I will legally use Bitcoin. My plan thats all.



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October 29, 2017, 12:02:18 PM
#82

I use bitcoin legally and I'm usually purchase stuff in online shop and invest the rest since bitcoin show a promising progress

Every month I keep focus for invest , because I'm really sure that bitcoin will increase up to 5x from current value on next 4 years !



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October 29, 2017, 01:56:37 PM
#83

I use legal bitcoin. I usually by stuff in online store and invest bitcoin.
This year I focus for invest first, because I really sure this year bitcoin price up fast. So this time I do invest!
I think that in your case you need to use the term speculation. Investing is not suitable for bitcoin. And that's not good. We do not see the real price of bitcoin. At any time traders can withdraw their capital and the price will crash down. What will happen if the entire capital will be invested now in segwit2x?

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October 29, 2017, 05:31:01 PM
#84

Its announced in my region that bitcoin is legal. I've been in this forum even before this announcement came in. I felt, its legal earning bitcoin. Earning bitcoin is going develop individuals and slowly the region. Wish everyone starts with normal trasactions with bitcoin as soon as possible.

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October 30, 2017, 02:24:58 PM
#85

I don't see anything illegal with bitcoin. Most illegal transactions are not made online. This is Fiat. Cash can't be traced. You can find online and if you want to find the final recipient. The problem is that after cashing the traces are lost. The government can't monitor all transactions and therefore accused the bitcoin in what he does. This is part of the company to discredit bitcoin.

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October 31, 2017, 04:44:29 AM
#86

I will say its legal cause I use it in every good form I can use my normal country's currency. Bitcoin is said or looked at as illegal because most people use it for illegal activities, but if we all use it for every legal reasons, then the illegal part will be looked out.

Bitcoin being legal or illegal depends on the jurisdiction in a particular Country. Bitcoin in some countries is already legalized, on the other hand is not but the key point is that all the fiat currencies were initially tied to the state, where they are emitted. With crypto it is different. Therefore, crypto will never be legal everywhere I think. It would be great if everything is legalized wherein people can move freely.

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October 31, 2017, 06:51:25 AM
#87

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

This will depend on the country where you belong because some countries declared it legal, some are not and some are neutral like in our country in which bitcoin was not declared legal but not ban so we are enjoying a free bitcoin tax at the moment. But I strongly support the regulation of bitcoin so that the government can track the transactions in order for bitcoin will not be use in crime.

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October 31, 2017, 06:52:46 AM
#88


legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

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October 31, 2017, 07:01:03 AM
#89


legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

I agree, but let's admit, we know that there are lot of people using bitcoin in illegal way. That is why they are earning big amount of bitcoins.
However, most of us are using bitcoin in a legal way. Like me, I just earn it and withdraw it. Sometimes I buy altcoins. There is no difference if bitcoin will be illegal or legal in our countries. We can still use it.

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October 31, 2017, 07:52:17 AM
#90

Bitcoin seems legal, but altcoins can't say. There is more to it.
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October 31, 2017, 09:45:01 AM
#91


legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.
Everyone is talking about what bitcoin is used for illegal arms trafficking. Can you specifically show an example of what someone who bought bitcoins for guns? This is fake which is distributed by the government to discriminate against bitcoin. Governments are afraid of losing power over the people. That's the whole reason.

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October 31, 2017, 11:24:48 AM
#92

It depends on how you used it because bitcoin is just an asset just like a fiat it really doesn't have a value if no one really don't use it. Well, if I will be the one to choose if what is the option I'll prefer to used it in legal way so that it doesn't have a hassle because if it will be used in illegal way it will lead to just more complications. I don't have a problem if it will be taxed if it becomes legal because if the tax also be used in progress of country or on the regulation of bitcoin then  that would be a good one.
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October 31, 2017, 12:21:39 PM
#93

It depends on how you used it because bitcoin is just an asset just like a fiat it really doesn't have a value if no one really don't use it. Well, if I will be the one to choose if what is the option I'll prefer to used it in legal way so that it doesn't have a hassle because if it will be used in illegal way it will lead to just more complications. I don't have a problem if it will be taxed if it becomes legal because if the tax also be used in progress of country or on the regulation of bitcoin then  that would be a good one.
I am against the fact that people have to pay tax to the state for the use of cryptocurrencies. The state has done nothing for the development of this industry. Moreover, they only hinder its development. I would not mind instead of taxes to make a contribution of any startup is essential for all of humanity but I have to be sure that the money will not be stolen. Taxes should be voluntary. For example why should I Finance the war if the government itself decided to start it?

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October 31, 2017, 12:23:09 PM
#94


legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

I agree, but let's admit, we know that there are lot of people using bitcoin in illegal way. That is why they are earning big amount of bitcoins.
However, most of us are using bitcoin in a legal way. Like me, I just earn it and withdraw it. Sometimes I buy altcoins. There is no difference if bitcoin will be illegal or legal in our countries. We can still use it.
Correct that some people used bitcoin to scam people that is why the image of this currency will be getting worst to other people who did not know what is the real bitcoin. Bitcoin is legal and never been illegal because there is no illegal currency even it is centralized or decentralize currency but there are only few countries banned bitcoin because they seen bitcoin as threat in their financial institution.

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October 31, 2017, 02:08:09 PM
#95

It's wrong to blame the currency in illegal activities. The car can also be a murder weapon but we know that the car is not to blame. All the fault lies on the driver. If a person breaks the law he does it with the use of bitcoin and Fiat at the same time. Nobody proposes to ban the Fiat. Need not to blame bitcoin. we need to demand from law enforcement agencies to perform well their work.

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October 31, 2017, 02:30:52 PM
#96

It's wrong to blame the currency in illegal activities. The car can also be a murder weapon but we know that the car is not to blame. All the fault lies on the driver. If a person breaks the law he does it with the use of bitcoin and Fiat at the same time. Nobody proposes to ban the Fiat. Need not to blame bitcoin. we need to demand from law enforcement agencies to perform well their work.
Absolutely, but we all know how the government is looking to tarnish Bitcoin's reputation in an attempt to discourage usage by regular people. It's clear that governments understand that Bitcoin poses a threat to their economy.

But at the same time, I am quite sure that they also realize that there isn't a convenient way of getting rid of Bitcoin. Direct result of this form of weakness is that governments come up with all kinds of regulations.

I don't see regulations as a bad thing, because at the end of the day, we can't just expect governments to sit back and look at how Bitcoin is taking over. I see it as a mid-way solution to somewhat "please" all parties.

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October 31, 2017, 05:05:56 PM
#97

Bitcoin seems legal, but altcoins can't say. There is more to it.
Altcoins are also legal if there are no laws on certain place where you are living. Bitcoin is real legal and the people that are taking the advantage of it's anonymity are the ones who are using it for their illegal activities and that's why some other countries government treats it as an illegal currency. And for raymart0720's question about why we are eager to earn more bitcoin is because the price is increasing and we don't want to miss that moment earning great profit.

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November 02, 2017, 06:15:15 AM
#98

Over the top of country bitcoin is legal. Some small businesses and merchants bitcoin are still accepted.
However, other countries bitcoin is illegal. They think there's a risk that it could be used to fund crime or illicit terrorist activity.
another reason is that it can be a route to circumvent capital controls. .
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November 02, 2017, 07:13:47 AM
#99

the legality of bitcoin differs in every country because of their governmental factors that have a role to legality, and of course they have certain reasons about bitcoin legalization, although while bitcoin transactions in my country are still illegal but have no restrictions on their use, they are still given the freedom to do various transactions with using bitcoin.

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November 02, 2017, 10:48:29 PM

I suppose you meant and should rephrase your post as Bitcoin recognized as a currency or not
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November 07, 2017, 11:41:41 PM

In my country, there is no clear regulation of bitcoin status, legal or illegal?.
The government in my country doesn`t forbid its citizens to have bitcoins, they just assert "if any problem with bitcoin, its own consequence". However, if any bitcoin adopters they will take firm action in accordance with applicable law.

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November 08, 2017, 12:30:28 AM

I first feel the necessity to inform you that every country has its own laws and whether or not bitcoin is illegal in your country depends on that laws. Even if bitcoin is illegal in your country, please do not consider it as a serious thing like drugs because in some countries you can get executed if catched with a certain amount of it, while I have never heard that the possible illegal use of bitcoin could lead to an execution?

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November 08, 2017, 06:49:08 AM

Bitcoins are ceratinly not illegal in my country, quite the opposite, some merchs accept Bitcoins as a payment, and I hope there will be many more in the future! Smiley
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November 08, 2017, 08:06:54 AM

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie
Bitcoin has not be expressly written as illegal anywhere around the world. Most of the countries dont even have any law governing it. No taxes too. But my country(India) is planning to bring its very own crypto currency which might even be regulated by government. So I dont think they are quite much against the bitcoin technology.

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November 09, 2017, 03:33:44 PM

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

My take is that, as per our country, Bitcoins are not illegal because there is no law saying it is illegal. Nor is there any law saying any transactions involving Bitcoins are illegal. Hence, it is legal to us for all intents and purposes.

As regards your second question, I do not think that taxing Bitcoins is the necessary effect of it being a legal tender because just like any currency that is backed up by central banks, you do not tax the money per se but the income you derive from it. To put emphasis, it is the income that you tax and not the currency. 

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November 12, 2017, 07:01:26 PM

Here in my country its already authorized and we have exchanger in our own money and its register in government here because if they not do that its like hiding to someone so its legal here and they not hide to anyone.I think bitcoin is money so we really need to register this in government because it can help us

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November 12, 2017, 09:09:01 PM

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie
i voted legale yes good luck for this

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November 12, 2017, 09:24:51 PM

Link
you have the link ?

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November 16, 2017, 02:44:46 AM

It's legal here in our country while some other countries made it illegal. And why are you scared about the marijuana or other drugs? Are you going to buy it using btc in the darknet? Only buyers should be scared about that issue and not those who don't.

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November 16, 2017, 02:57:12 AM

Well, depending where you live and how Bitcoin's progress walks the laws can surely say to have a Bitcoin is the same than having marijuana on your pocket... But the law can even say that to have candies on your pocket is the same than marijuana... And we know it's ridiculous. And I would say it's ridiculous too to treat Bitcoin like drugs, but it can happen if your country's command wish.

The important is to have the conscience about what is right and what is wrong by yourself and not just because a random law say it to you.

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November 16, 2017, 07:31:01 AM

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie
If for buying or to have a marijuana or other drugs's prohibited, of course this includes illegal activity and not worth to do. Although it's not known, it's a criminal act that is clearly inappropriate for a good citizen for the country. It should never to doing it, that tarnishing the good name of bitcoin (virtual money).

Yes of course, it will be set up to pay taxes or obligations to be paid to the government.
In general, I think not everyone who wants to earn virtual money than real money, there are still many people out there who haven't really knowing yet the virtual money because not close to the internet connection till to be not concerned with whatever's growing and profitable in the internet world.
Well for those of us who are already close to virtual money (Bitcoin in particular), it seems appropriate if it's more eager to earn virtual money ie bitcoin. There is no need to explain anymore I guess, Bitcoin (virtual money) has many advantages as well as many benefits that we can get from various ways that can be to do (exclude criminality) that can compete with the real money, even more easier to gain many profits without must go out from house.

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