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Author Topic: Is Bitcoin legal worldwide?  (Read 1977 times)
livincoin
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November 15, 2017, 07:49:17 PM
 #61

It's funny - there's a lot of crypto exchange machines in Moscow, though government doesn't accept any "foreign" crypto currency yet, and the russian one still doesn't exist (they are trying to work it out, but are soooo slow with all the movements in that path)
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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November 15, 2017, 08:39:07 PM
 #62

The truth is countries did not create any principles about cryptocurrency because they do not think it is important think now

chadzscript
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November 16, 2017, 12:54:05 AM
 #63

i think no because there are some countries that bitcoin is banned from them because some of them said that bitcoin is scam so i think they are just protecting their people.
Ghanshyam1996
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November 16, 2017, 04:35:45 AM
 #64

Well, in many nations this is not legal but this currency may be beneficial to them too as it can converted in any other liquid form
zhuangxingyue1
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November 16, 2017, 06:29:29 AM
 #65

This depends on the region, but bitcoin is hard to be completely banned.
earnmoneyonl
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November 16, 2017, 06:39:42 AM
 #66

Bitcoin is not legal worldwide because for some reasons. The first it is new and people feel fear anything new and uncertain. Secondly, some governments will be unable to control money inflow and outflow. Because of this, many governments try to ban bitcoin transaction. Thirdly, the banking system does not like that. The bank will lose a huge amount of money if people prefer to use bitcoin rather than cash. I found out that highly corrupt countries will try to ban bitcoin or punish bitcoin's user.
JeremyIrid
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November 16, 2017, 12:25:17 PM
 #67

Well, from what I know in most countries the cryptocurrency is nor legal or illegal. Cryptocurrencies were around for just a few years and gouvernments don't have a good plan on how to treat it.
brenantot
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November 16, 2017, 01:00:07 PM
 #68

For now I don't no how to see now if bitcoin is ligal worldwide but I wish that someday we going to legalized and the government we will accept this bitcoin
Casey7
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November 16, 2017, 01:19:57 PM
 #69

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

No. Only japan as i know has been legalizing bitcoin. The other not yet.
FameBroker
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November 16, 2017, 01:22:18 PM
 #70

It depends, it is legal in some, illegal in others. This might help: https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp
Swinging Phallus
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November 16, 2017, 03:19:19 PM
 #71

It isn't legal worldwide, it's a shame BTC can't be accepted in many places. Remember when exchanging fiat didn't require an ID and a phone call to the president? Those were the good days - unfortunately exchanging BTC is complicated because the legal aspects are as well. Not to mention the insane amount of stolen credit cards used to purchase BTC back in the day. I was surprised to see how long circle was able to maintain their exchange.
icochick
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November 16, 2017, 06:31:38 PM
 #72

But BTC is accessible from all over -
its not widely accepted -- Funny story I saw it accepted in a coffee shop way back in like 2010 in Edmonton Canada -- Imagine what that latte would have been worth today if bought with BTC back in the day  Shocked
tera2206
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November 16, 2017, 08:13:09 PM
 #73

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

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Eloisa
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November 16, 2017, 09:14:34 PM
 #74

Regulations are weird in every way in some countries. Some allow to extent of exchange and some dont ..it really depends on the way for some authorities. They dont support yet they trade. They stop trading yet many coins came from the country. Always do this with caution
Man21
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November 17, 2017, 01:23:42 AM
 #75

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

Not all. In my country bitcoun is not legal.
sanyinchen
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November 17, 2017, 03:08:16 AM
 #76

No , I don’t think so , this coin’s feature is p2p and there is a capital risk for government . So the government want to forbid it and this is become true in China . They forbid exchange BTC in China at September and other country is doing the same thing . But there are still some ares support BTC , for example : Japan .

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SyGambler
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November 17, 2017, 06:01:54 AM
 #77

it's legal in some countries and people in some countries pay tax for their crypto
but in most of the world there is actually no real rules for bitcoin , in my country bitcoin isn't legal and isn't illegal the same time since here there are no rules for it
so some countries can be considered gray areas , where the government simply hasn't yet said anything about bitcoin
Pamelaher
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November 17, 2017, 01:15:32 PM
 #78

Some of the countries that feel the good presence of bitcoin their country makes it legal. but some of the countries are lost their mind because they do not know the benifits of this so they ban the bitcoin. but in my country is still pending if they want to legal this bitcoin. not all country is approved with this.
Majesty0109
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November 17, 2017, 03:38:53 PM
 #79

The legality of bitcoin depends on who you are, and what you’re doing with it.

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations
howardjms
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November 17, 2017, 05:28:39 PM
 #80

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?
It depends on regulation country in where you live. Each country has their own regulation about bitcoin. Few country already legally bitcoin as their payment, but many others doesnt yet. But they doesnt banned bitcoin it self.
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