Is Bitcoin Legal?

[CryFr]

In Russia, bitcoin is not prohibited, and therefore legal.
There is a recent court case where bitcoin has been recognized as a property (but not money, not currency).
The tax service explained the procedure for taxation of transactions with bitcoins.
Legalization implies the permission of what was previously prohibited. For example, the legalization of drugs, the legalization of prostitution, the legalization of weapons, etc.
But in Russia there was no law prohibiting the possession and circulation of bitcoins.
Although, of course it is impossible to pay in the cryptocurrency wages, taxes, penalties, etc.
It is possible that the underdevelopment of cryptocurrencies is not a sign of the backwardness of the Russian state, but proof of the imperfection of cryptocurrencies. Proof that the blockchain and cryptocurrency is overrated technology.

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[hacekd]

If for my country Bitcoin not yet legal. But do not know if in your country Bitcoin legal or not I do not understand. But I hope Bitcoin can be legal throughout the country in order to more easily use Bitcoin freely.

Bitcoin currencies are not listed in the banking system and are not related to the government. The characteristics of bitcoin which have no ownership rights turned out to be tempting also for those involved in illegal activities such as money laundering, arms purchases, even ransom data hacking. There are still many who make legal or non-legal adjustments because each country has its own policies.

[Carrelmae10]

..many years have pass since Bitcoin was introduce..many things happen on that days..but still the existence of Bitcoin is remarkable every year..Bitcoin gives a very big impact on the universe..through getting involve in this coin,many have change their lives..from poor becoming rich..from middle class family to becoming high class..etc..we cannot lie that Bitcoin gives us the oppurtunity to become whealthy..thus,,getting involve on this gives people and the goverment the demand on what bitcoin really gives to us..on such,,some countries banned bitcoin because they are using it in a wrong way,others treat it as threat especially the banks fir they are affraid to lost clients...etc..to sime it up,,Bitcoin change our lives..

[Aurora Castro]

Check out this cool interactive map covering Bitcoin legal status globally. I don't think I have seen something like this anywhere.

What the future holds for the world where utmost people’s and companies’ interests clash daily, the time will only show.

You’re welcome to a full and comprehensive guide to the legal status of Bitcoin throughout the world with a unique interactive
map providing access to a visual history of cryptocurrency regulation.

Excellent map Surely in the future there will be more people, companies and countries that accept bitcoin, since this crypto will be the solution to everything we need and need.

[CryFr]

The map was posted in 2015. The information could be out of date.
The link is a similar map from the Russian edition of "Kommersant". Although it is also not too new, as the situation is constantly changing.
https://www.kommersant.ru/doc/3498021
Red - cryptocurrency Transactions is prohibited.
Yellow-the State is wary of cryptocurrencies, some restrictions have been introduced, but citizens are not persecuted for their use.
Green-Cryptocurrencies have an official status (goods, financial assets, means of payment, etc.), there is a state control of the market, or their use is not limited to the authorities.

[belimblink]

Well, although the legality of Bitcoin is still a debate, but I think, Bitcoin will be legal.

[Girlsbit]

Bitcoin is legal in those countries where it understands its true meaning.

[cityboy6836]

peoples are the only one who are making it legal and govenments are the one who are making it illigal because it can put a full stop on their curruption. on such,,some countries banned bitcoin because they are using it in a wrong way,others treat it as threat especially the banks fir they are affraid to lost clients.

[Patient_Zero]

It depends on a person how he views the bitcoin?? If its profitable for himself he will definitely support it any say yes its legal but if he doesn't acquire the knowledge of bitcoin then he would say thats its illegal and bitcoin doesn't need any views from anyone.

bitcoin is only an alternative currency, commonly called a digital payment tool like a weapon depending on who is holding it and depending on what purpose it uses, it is commonly called illegal if the one who uses it is not entitled, but it can be called legal if the one who has the right or the party The authorities, the case is the same as bitcoin depending on who is using it and for what purpose it is used, if it is a money laundering tool it is clearly illegal but if it is only to make payments in the sale and purchase it seems legitimate.

[jhongzjhong]

Lol my country looks green but im pretty sure government doesnt know what btc is. If they knew it would be dark red:)

Majority of the government don't know what is cryptocurrency or virtual currency and how it's works. What is the impact of Bitcoin over the world. I'm lucky because in my country accepted bitcoin. Bitcoin more used illegally in dark and deep web. BTC is not legalize in every country i mean all countries not friendly with BTC.

I don't know if they don't know what bitcoin is, as of now bitcoin is very popular and I think they already know the characteristics of bitcoin that might be useful and helpful to us an individual. Bitcoin is not having a law in our country they did not declare it is legal but they didn't also announce it is illegal. To cut a long story short, we are lucky that we freely use bitcoin here.

[genuin]

peoples are the only one who are making it legal and govenments are the one who are making it illigal because it can put a full stop on their curruption. on such,,some countries banned bitcoin because they are using it in a wrong way,others treat it as threat especially the banks fir they are affraid to lost clients.

Bitcoin is banned because people use the wrong way? even every currency in the country is used a lot in a way that is not good but still it is not prohibited. Your reason is not logical man. Please differentiate before you issue a statement.

[1NV3ST0NM3]

Well Well there's no day on the forum without having seen such a thread discussing about the legality issue of the bitcoin. It is quite clear now that the legality of the bitcoin is a controversial issue and as a matter of fact is a subjective criteria.  It varies from country to country and their acceptance to the bitcoin differs in various countries. So the question of legality of bitcoin is vague.

Better go through this article:
https://www.newsbtc.com/is-bitcoin-legal/

[Mozdalifa17]

Bitcoin legalization will come with new gernation who completely use bitcoin at every thing in life even to buy a cup of coffee. Until then the war will contious from big centralization banks againest cryptocurrency in general no worries relax and hold for long run only.

[bitcoingamer8]

is bitcoin legal in USA?

[TheLoser]

Bitcoin is a new digital currency. In those countries where the value of blockchain technology is understood, bitcoin is actively used and it is not prohibited, in others on the contrary, bitcoin is under strict government control.

[Yurkov]

Bitcoin is a new digital currency. In those countries where the value of blockchain technology is understood, bitcoin is actively used and it is not prohibited, in others on the contrary, bitcoin is under strict government control.

But for me it won't last forever, big changes will come when bitcoin will finally be mined (I mean whole amount of it) and price will become more stable, than lots of countries will finally change their attitude to it.

[East2011]

If we are still using it and we are not prohibited by our government to use it. It mean it is still legal. Bitcoin will become legal if the governments will pass a law that makes bitcoin as illegal.

[NEERAJ ANAND]

Yes, it is legal in some parts of the world and many more countries are ready to go towards legalizing bitcoin in their countries. It will take time and we will see it legalese in many more countries in the next 2 years.

[gregory04ui]

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