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Question: If this will be available
Legal - 58 (93.5%)
Ilegal - 4 (6.5%)
Total Voters: 62

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Author Topic: Legal bitcoin or illegal bitcoin  (Read 6519 times)
liseff3
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November 07, 2017, 11:41:41 PM
 #101

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
 #102

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
 #103

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
 #104

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
 #105

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
 #106

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
 #107

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
 #108

Link
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November 16, 2017, 02:44:46 AM
 #109

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
 #110

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
 #111

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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harbin55
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December 07, 2017, 03:42:35 PM
 #112

Ofcourse the legal bitcoin. Legal bitcoin gives you assurance that your investment is in the good hands and free from hackers. Aside from that it is better to do since they have authority by the government to operate.




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December 08, 2017, 05:50:38 AM
 #113

Bitcoin is legal to the person who uses it for good things in right way, it will be illegal if it is being used in illegal transactions such as buying any prohibited things in the dark web and deepweb, that's why there's so many people who get busted by FBI, and also a reason why sometimes bitcoin's identity is ruin.

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December 08, 2017, 11:38:18 AM
 #114

There are some reasons why we want it legal or illegal,for being legal we can easy encourage and spreadout bitcoin worldwide but the government imposed tax on it make a rule in bitcoin.And it depends in the user if he used it on legal or illegal things but we dont want to happen that in bitcoin to be in dirty hands.We always want in legal so no matter what happen we just follow the rule for our safety.
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December 08, 2017, 03:14:16 PM
 #115

Bitcoin is legal along with other cryptocurrencies. They are just unregulated/decentralized and free from government/banking control and intervention. The only time it can become illegal is when people attempt to use it for illicit behaviours. For the most part though, the government is happy with the tax benefits they gain of off people when they cash out and pay standard trading/investment taxes.
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December 08, 2017, 03:33:13 PM
 #116

Ofcourse the legal bitcoin. Legal bitcoin gives you assurance that your investment is in the good hands and free from hackers. Aside from that it is better to do since they have authority by the government to operate.

The issue of legality depends upon how we use a currency, if we use for transactions among other users there is no illegal stuff but if we buy drugs and practice activities that are illegal and can cause harm to other then it may be treated as illegal. But, why to blame Bitcoin alone for any illegal activities as there are many more currencies out there which are also used for illegal activities. Just because of some users are using Bitcoin in the illegal activities one cannot state whole crypto currency as illegal.

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December 08, 2017, 09:31:08 PM
 #117

According to legal doctrine Everything which is not forbidden is allowed,this means that we can do everything within the law. it is an opportunity to do  anything that does not harm others and goverment.so we can organize  our bitcoins within good faith.In my opinion,In a tax case, it can be arranged based on general norms if legislative body has no special norms about it,because its a kind of  private law relations.but its also expensive  and hard to control transactions in this situation,so such issues depend on  the political will of the state and its depend on where do you live.

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December 16, 2017, 09:13:20 AM
 #118

As what I see and I know, the company of bitcoin is a legal entity which has a power and right to operate supported by the authorization of the government and law. All requirements needed to have authorization has been complied by the bitcoin to have juridical personality.

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December 16, 2017, 02:37:54 PM
 #119

I see the legality of bitcoin is still "unclear", because today, many policymakers in the world know about digital currencies like Bitcoin, but many of them have not made laws or legal rules about digital currencies because of the complexity of digital currencies such as This bitcoin.

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December 16, 2017, 04:51:08 PM
 #120

Ofcourse the legal bitcoin. Legal bitcoin gives you assurance that your investment is in the good hands and free from hackers. Aside from that it is better to do since they have authority by the government to operate.

The issue of legality depends upon how we use a currency, if we use for transactions among other users there is no illegal stuff but if we buy drugs and practice activities that are illegal and can cause harm to other then it may be treated as illegal. But, why to blame Bitcoin alone for any illegal activities as there are many more currencies out there which are also used for illegal activities. Just because of some users are using Bitcoin in the illegal activities one cannot state whole crypto currency as illegal.
The main reason why? Because it is really be hard to be tracked when transaction are being made on bitcoin form unlike on fiat which government can really possible to trace up which cant really be done on bitcoin itself.This is why they do really prohibit on using or even adopting it because they know the risk but not only that regarding criminality but also on taxation.Adoption would really be decided on a certain place depending on how they would see it and bitcoin do really have positive and negative side it depends on which thing they would really consider.


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