Is Bitcoin legal worldwide?

[bkris]

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?

[KingKrypto]

The thing is, crypto currency is something new, countries and goverments (most of them) didn't have time to make laws for that. There is China, Russia etc which are giving laws to protect the customers ( for example ICOs are a big risk for investors ), but not to forbid the crypto.

[Jorosss]

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?

There are some country that does not allow bitcoin and they restricted it or banned
Check more info here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

[Sene90]

I won't say bitcoin is legal worldwide. In some countries, it is neither legal nor illegal. Please check whether bitcoin is legal in your country or not in order to avoid legal problems.

[skripsup]

No one can ban bitcoin. Government can ban trading and other actions with it, but not bitcoin itself or other currencies.

[annmarie]

Russia and China are well known for banning businesses operating in Bitcoin such as exchanges but to my knowledge no country as banned Bitcoin completely.

[kie]

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?

Bitcoin is not legally approved and not also illegal. There are many countries that already banned bitcoin, but there are lots of country who accept cryptocurrencies.

[rajsimran]

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 bitcoin is not legal worldwide.Many country don't accept bitcoin or any others courrency.But many country accept bitcoin nowdays.And many service or online shopping accept bitcoin Now.Also bitcoin have a great future and hope it will be accepted in worldwide.

[Chiggins]

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 I don’t think so there are a lot of places where bitcoin is legal while also there are a lot of places where people scare and hate bitcoin and also in some countries people love to invest in bitcoin but their government don’t allow them and that’s why they invest illegality which is not good, now I days I heard that JAPAN make bitcoin legal which make bitcoin price more grow up and now more people started to invest in bitcoin.

[quovadiz]

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?

Well the thing is - there's a lot of places its not NOT legal. Meaning there are a lot of places that don't have the framework to handle crypto-currencies due to the freshness of the industry and its impact.

As much as most countries will have (eventually) a policy regarding bitcoin and crypto-currencies, I highly doubt there will be a wide consensus of a direct ban.... Governments will be (and have already been) using their power to construct local frameworks on the taxing and trading of coins.

Yes you are right I am agree with that there are some countries where bitcoin is illegal and they banned bitcoin there while some countries like JAPAN, USA, CANADA these countries give more importance to bitcoin when they allowed bitcoin and that’s why I also impressed and now I am investing in bitcoin happily and safely.

[annango]

the majority countries Bitcoin is legal but any countries is banned bitcoin: Vietnam, Taiwan, Korea

[Dralarn]

Bitcoin isn't nearly legal as it should be, unfortunately. And the landscape is ever changing, one day it's legal somewhere and the other day it's illegal. The technology is still so new, that there aren't any laws that prevent or allow it, this has to evolve throughout the years and it might take some time. The first countries that will legalize Bitcoin and see the benefits that it provides, will hopefully be a good example for other countries to follow them, because it's a shame really. The blockchain provides such a fantastic way to do so many things much more effect, efficient and transparent that it would be a shame if we didn't implement it. It's a gift given to us by someone who had a spark of genius and has now spread throughout the globe. People will start using it more and more, and we'll see more countries putting laws and slowly, but steady legalizing Bitcoin in one way or another.

[Tyrantt]

it is legal in pretty much the whole world, there are a few countries that are having trouble but you can use it mostly anywhere. Altho you'd be using it online mostly so no need to worry about anything.

[waqarkahloon]

It is completly legal in some countries while illegal in others. Countries with good economy and advance technology infrastructure are accepting bitcoin as a new digital currency like Japan but other small backward countries with poor and bad infrastructure of advance technology are fearful to legalize it as they know nothing how it works

[MadCryptoKnight]

China, unfortunately, banned Bitcoin.  Many other countries haven't passed any real legislation about Bitcoin or any other cryptocurrency.  As its popularity grows I foresee more regulations for cryptocurrency and coins like Ripple, whose business model is to work with the establishment, will help the crypto market gain worldwide support and acceptance.

[Cryp2]

This issue is relatevely different from country to other , so you can't judge the legality of bitcoin through the entire world but from state to state

[deadthings]

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?

And yes, and no, it's new and not every state/ country has time to deal with writing the law, but there are also places where payment can involve breaking the law.

[BTCHakan]

It is not legal or legal in my country. Bitcoin is not yet regulated, there is no place in legislation.

[bkris]

Thank you, everyone, for your valuable opinions. So, in summary, i think it will be legal worldwide one day. There will be a day on which entire world will do the transaction using a single currency. 

[Seansky]

Thank you, everyone, for your valuable opinions. So, in summary, i think it will be legal worldwide one day. There will be a day on which entire world will do the transaction using a single currency.  

It is certain that bitcoin would be legal worldwide someday but it being used as a currency by all is just a pipe dream. Using cryptocurrency as a main currency all over the world is very unlikely to happen since it is hard to replace fiat completely. The governments all over the world will need to exert a lot of effort in order for citizens to use btc itself as main currency. Also, they would need to provide every citizens with electronic devices in order to use crypto currency, and doing this would be hard.