Why do they keep saying bitcoin is illegal?

[TanClan98]

Why do they say bitcoin is illegall? I mean I read topics about bitcointalk.org is illegal?
Please do inlighten me.

[DaMut]

indeed some of them think about it that way,
or they are afraid to get busted by the goverment because of it.
Bitcoin is like your assets,which mean you need to pay the taxes for every assets that you own.
but the goverment obviously can not track our Bitcoin because they can not,
Bitcoin known as an anonymity assets
that is why some people thought,using Bitcoin was like doing something illegal because we do not need to pay the taxes.

in my opinion,you should not worry about what people said because it's safe for now,
and plus i don't like the taxes,they will rob your money for their own using 'taxes'.
as long as you do not tell them about how much do you have,i think it's nothing to worry about

[pooya87]

who are "they" and what country they are talking about?

bitcoin is illegal in a handful of countries. you can see them here (the list is mostly accurate): https://coin.dance/poli#legalitybycountry

but in the rest of the world (190 countries) bitcoin is legal. so when "they" talk about bitcoin being illegal there are 3 possibilities:
- they are talking about one of those countries above
- they are idiots who don't know what they are talking about and just repeat something like a parrot
- they want to spread FUD to cause panic and help manipulate the price so that they can buy bitcoin at a cheaper price. (it was $500 profit on each coin if you bought bitcoin in the recent FUD dip)

[HabBear]

Because "they" don't know what they're talking about. "They" haven't broken free of the monetary system they live in. "They" don't understand Bitcoin.

It's so funny how people assume the worst about something new.

Why would governments want to make Bitcoin illegal? Most governments, or the financial systems by which they are run, are making a killing owning bitcoin.

[mk4]

Can you link us to those "topics" saying that bitcoin is illegal? I don't know what forum you're visiting since I haven't read similar posts in a while.

but the goverment obviously can not track our Bitcoin because they can not,
Bitcoin known as an anonymity assets

Government entities can possibly track your bitcoin if they wanted, especially if you're using bitcoin services such as Coinbase or even simply when purchasing something legal or illegal online. Bitcoin isn't totally anonymous, it's only anonymous to a certain extent. That's one of the small downsides of the blockchain being public.

[Ragi2355]

Its not illegal but you have to be aware how to use bitcoin with a legal manner.

[sabbathhawk]

It depends from a country where you are located. In some countries bitcoin is fully legalized like Japan, South Korea. In other fully banned like Venezuela, North Korea. In most countries status of bitcoin is unidentified. Should central banks consider bitcoin as currency, money, store of value, fake money, tokens....etc.? The more time flows the more bitcoin becomes mainstream and more adopted. And it is more difficult to make it illegal. It will not become illegal in western countries in my opinion. But governments will force to show it, pay taxes and explain where did you get it... until it become anonymous))

[WildWestRider]

Because "they" don't know what they're talking about. "They" haven't broken free of the monetary system they live in. "They" don't understand Bitcoin.

It's so funny how people assume the worst about something new.

Why would governments want to make Bitcoin illegal? Most governments, or the financial systems by which they are run, are making a killing owning bitcoin.

Not to mention, "they" don't want their current currency to be overrun and allow us to gain control of our own!

[Hach]

Some countries banned bitcoin for their reasons or without reason. This a list:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

[Zocadas]

Wondering, how would ban work in practise and what would be the consequences if bitcoin holders would be caught.

[TanClan98]

who are "they" and what country they are talking about?

bitcoin is illegal in a handful of countries. you can see them here (the list is mostly accurate): https://coin.dance/poli#legalitybycountry

but in the rest of the world (190 countries) bitcoin is legal. so when "they" talk about bitcoin being illegal there are 3 possibilities:
- they are talking about one of those countries above
- they are idiots who don't know what they are talking about and just repeat something like a parrot
- they want to spread FUD to cause panic and help manipulate the price so that they can buy bitcoin at a cheaper price. (it was $500 profit on each coin if you bought bitcoin in the recent FUD dip)

"They" from different forums so no exact country. Plus Iforgot which country they are talking about.

[ericson]

Ya bro they keep that because they dont know it yet but if they do know how great bitcoin industry is theyll be speechless it is called false accusations  they could be a lawsuit but bitcoin doesnt care coz they are already  millionares

[Kakmakr]

It is definitely not illegal in my country. I buy lunch with it and I pay my parking fees with Bitcoin. I buy goods and services at several online websites. < Overstock.com >

The people who are saying this, do not want Bitcoin to succeed. Do you live in a country where Bitcoin is banned? < Bangladesh, Bolivia, Ecuador & Kyrgyzstan >

I am so lucky that I live in a country with a open mind that allow for people to communicate freely and where Bitcoin is allowed to thrive!

[celjc]

Because they don't have one 

[BitMaxz]

There are countries are bitcoin is illegal but not all countries are treat bitcoin as illegal.. here in my country bitcoin is not illegal an we can buy bitcoins anytime also in other country like like brazil and 100+ store in paris, and japan was legalized bitcoin and you can use bitcoin as payment to buy something in their store if you are living in that place.. there are country that bitcoin is illegal..
If you are read some blog post or here in forum maybe who made a thread bitcoin is illegal in their country.

[CoinSpeculator]

they are talking like this who late investor and missed to early investment to bitcoin.
we all know bitcoin is legal and legit.

[Keep Calm]

I think there's no border about legality. Because if government prohibit it, we still working normal on exchange. And who know? maybe "government" also trading it too  

[aer0]

Legality is different from right or wrong.

[Keep Calm]

Today there's nothing right 100% and wrong 100%, I think everything related to business is a half, maybe grey.

[escapefrom3dom]

Why do they say bitcoin is illegall? I mean I read topics about bitcointalk.org is illegal?
Please do inlighten me.

they call everything illegal that they can't control or/and inhibit.

more freedom to us means more problems for 'em.