Bitcoin Forum
November 21, 2017, 06:05:51 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 »  All
  Print  
Author Topic: Is Bitcoin Legal?  (Read 3102 times)
Rahul20
Jr. Member
*
Offline Offline

Activity: 40


View Profile
October 22, 2017, 07:02:29 PM
 #1

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.
1511287551
Hero Member
*
Offline Offline

Posts: 1511287551

View Profile Personal Message (Offline)

Ignore
1511287551
Reply with quote  #2

1511287551
Report to moderator
1511287551
Hero Member
*
Offline Offline

Posts: 1511287551

View Profile Personal Message (Offline)

Ignore
1511287551
Reply with quote  #2

1511287551
Report to moderator
1511287551
Hero Member
*
Offline Offline

Posts: 1511287551

View Profile Personal Message (Offline)

Ignore
1511287551
Reply with quote  #2

1511287551
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511287551
Hero Member
*
Offline Offline

Posts: 1511287551

View Profile Personal Message (Offline)

Ignore
1511287551
Reply with quote  #2

1511287551
Report to moderator
marjoree
Full Member
***
Offline Offline

Activity: 126


View Profile
October 22, 2017, 07:18:22 PM
 #2

It is legal. There are other countries who uses it already as their daily transaction purposes and in my country although not everyone knows about it but we have bitcoin atm here

JaredStein
Sr. Member
****
Offline Offline

Activity: 245



View Profile
October 22, 2017, 11:02:07 PM
 #3

Bitcoin is legal if you know what services and what tools to use on the network. If you use exchanges like Coinbase and you gave up a lot of personal information then Bitcoin may not be legal for you.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
justbecauseok
Newbie
*
Offline Offline

Activity: 2


View Profile
October 22, 2017, 11:06:31 PM
 #4

Depends on where you live right? So like here in the US it's fine I don't know of anywhere that makes it's use actually illegal. Maybe like North Korea? you'd have to have broken some oppressive law to even learn about bitcoin haha
seizetehday5
Member
**
Offline Offline

Activity: 69


View Profile
October 22, 2017, 11:12:56 PM
 #5

Bitcoin is always going to be legal in the eyes of those who believe in it. The only ones who see bitcoin as illegal are the corrupt governments who are trying to force their oppressive regime down the throats of their citizens

or governments who are living in 1990. Other than that if you have an internet connection bitcoin is legal.
negancoin
Full Member
***
Online Online

Activity: 140


Privacy Focused Blockchain Timestamping Office


View Profile
October 22, 2017, 11:19:03 PM
 #6

Depends on where you are from. If you are living in country where no law against bitcoin, then it's legal as simple as that.

▀▀█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ AMLT by Coinfirm ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▀▀
▬▬▬▬▬▬▬ The Token of Compliance ▬▬▬▬▬▬▬
▖▖▖▖▖▙▗▗▗ Facebook   ❱ ❱  Twitter   ❱ ❰  Telegram▖▖▖▟▗▗▗▗▗
Anonylz
Sr. Member
****
Offline Offline

Activity: 473



View Profile
October 22, 2017, 11:20:26 PM
 #7

Yes bitcoin is totally legal, only that there are no official ways to proove that if you withdraw your profits to your bank account, those funds are for bitcoin, because it happened to me.
Once i withdrew more than $3k to my bank account and i had a lot of questions from the bank and if i didnt clarify that i was going to go jail because of "money laundering"
but yes, bitcoin is totally legal, only that there are some issues about it.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
richminded
Full Member
***
Online Online

Activity: 182



View Profile
October 22, 2017, 11:22:48 PM
 #8

Some country say that bitcoin is illegal so it really depends and your location because here in my country we can easily use bitcoin. We can easily convert it into fiat money and also use bitcoin into some transaction online. But for me overall bitcoin is really not illegal because bitcoin will lead us to a better future and i know we are now heading their, day by day bitcoin will surely become more powerful soon.

AT101ET
Legendary
*
Online Online

Activity: 1442


Bitcoin & Litecoin


View Profile
October 22, 2017, 11:27:01 PM
 #9

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.

Is good legal? Owning gold, trading gold and mining gold all have different legalities. How much tax do you need to pay when buying the gold? What trading regulations are there on the markets? What are the legalities involved with mining on certain sites and the security offered to miners etc.
Bitcoin is legal. Trading Bitcoin is legal. Mining Bitcoin is legal. 
There may be different legal standings in terms of what can and can't be done with it and how much tax one needs to pay on any gains, but at the end of the day Bitcoin is legal. Whichever way you look at it.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█    
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌    
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌    
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌    
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀      
            ▀█▄         ▀█▄▄▄█▌▄█▀        
              ▀██▄▄       ▀▄▄██▀          
                 ▀▀████████▀▀             

Hallmader
Sr. Member
****
Offline Offline

Activity: 314



View Profile
October 22, 2017, 11:27:37 PM
 #10

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.

And what are these categories that you are talking about? Can you please post them here too so that we will also know them. As far as I know about bitcoin's legality, it is highly a case to case basis since we have different domestic laws in the world. Bitcoin may be legal in one country and illegal in another. It does not matter how you use it. Even legal tenders of any country is being used in illegal activities.

Adbitco
Sr. Member
****
Offline Offline

Activity: 308



View Profile
October 22, 2017, 11:29:17 PM
 #11

Yes it's legal or in other words it's not illegal either. I haven't heard of any country which has made any law declaring bitcoin as illegal so yes it's legal but yes if you convert it to fiat and the amount of money you make in the process is huge then maybe you have to give the government authorities details regarding where this money comes from. But again the procedure might be different in various different countries.
Sadlife
Sr. Member
****
Offline Offline

Activity: 322


Why so serious?


View Profile
October 22, 2017, 11:29:58 PM
 #12

I guess this depends on the user holding/using bitcoin if you decide to buy drugs using bitcoin this it will become illegal and also bitcoins legality denpends on your location or what country your at cause in some countries bitcoin is accepted and considered as a payment method others ban it cause it might be dangerous for their fiat systems. In short bitcoin can be illegal/legal depending on the stakeholder and the country your at.

Wallytred
Full Member
***
Offline Offline

Activity: 150


View Profile
October 22, 2017, 11:35:43 PM
 #13

Here you can check if Bitcoin legal or not in Your place of living. Hope it helps anybody to make right decisions. Wink
chichan13
Full Member
***
Offline Offline

Activity: 182



View Profile
October 23, 2017, 03:58:22 PM
 #14

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.


For me bitcoin is legal because if it is not legal, why some of us see ads that is telling about bitcoin ? For example is when there is a game of a basketball sometimes you can see the ads that telling about Bitcoin. It is legal also because we let others know about it because if it is illegal we did not let anyone to know about it because we can accuse us a penalty.
erickkyut
Hero Member
*****
Offline Offline

Activity: 546



View Profile
October 23, 2017, 04:02:38 PM
 #15

It depends on the country where you are living. There are countries that legalized Bitcoin and there are also some countries that banned it. For me, it depends on your purpose. If your purpose in using Bitcoin is for investments, I guess it is legal but if you are using it to hide your identity because you are involve in some crime, that will fall under illegal.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█     
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌     
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌     
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌     
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀       
            ▀█▄         ▀█▄▄▄█▌▄█▀         
              ▀██▄▄       ▀▄▄██▀           
                 ▀▀████████▀▀             

Vendetta666
Member
**
Offline Offline

Activity: 82


View Profile
October 23, 2017, 04:04:25 PM
 #16

Bitcoins are legal here in our country we are free to use it. But in other countries it is illegal that it affects the banks and think of countries opposed to bitcoins is an opponent that must be completed immediately. Bitcoins are a good inventor of today. So we should appreciate it

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ●     UTRUST // The FUTURE of Online Payments     ●  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬      whitepaper     facebook     twitter     slack       ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Main-ICO | Coming soon...
Dudeperfect
Hero Member
*****
Online Online

Activity: 672

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile WWW
October 23, 2017, 04:13:34 PM
 #17

At this stage using Bitcoin is legal in most of the countries as far as the user is following the laws of the governments. In most of the cases, it is associated with the disclosure of the earnings and sources of the funds, paying appropriate taxes for the earned/acquired amount and NOT using the funds for illegal activities such as trading drugs/weapons (without having such licence). There are no restrictions on using Bitcoins in any country (except - North Korea).

Exister
Newbie
*
Offline Offline

Activity: 28


View Profile
October 23, 2017, 04:14:56 PM
 #18

One interesting thing to note about Bitcoin

There is laws that exist within bitcoin also.

Bitcoin protocol defines laws of its operation and those are enforced by the security of the bitcoin network.

Its doen with physics and mathematics using computers and the internet. so the system has become placed beyond the jurisdiction of any government.

Future development on the Bitcoin protocol can lead to forks, but also there is development on the inevitable off chain bitcoin networks.

as long as these are designed to be decentralized bitcoin will continue to function as intended but there is always the possibility for the authoritarian tentacles to wind their way around your throat so that it may squeeze the life out of you.

Even though bitcoin itself is illegal or legal depending on jurisdiction. its likely that in the future laws will require bitcoin holders to keep their bitcoin in a certain type of address that indicates your compliance and consent to the network to be subjected to certain draconian policies. unless you have permission to do otherwise.


jc89
Sr. Member
****
Offline Offline

Activity: 252


View Profile
October 23, 2017, 04:35:04 PM
 #19

Bitcoin is considered legal as long as the government in your country is not declaring it illegal to use. The legality of btc really depends on a country's lawmakers. And of course how the people in that country use it will have a bearing in the acceptance and legality of it. So if in case btc is being abused and used in illegal activities such as drug trafficking and money laundering it will leave no option for the government to order banning of btc and declare its use as illegal.
bitcoinisbest
Sr. Member
****
Offline Offline

Activity: 462


https://gexcrypto.io


View Profile
October 23, 2017, 05:04:54 PM
 #20

Bitcoin is legal if you know what services and what tools to use on the network. If you use exchanges like Coinbase and you gave up a lot of personal information then Bitcoin may not be legal for you.

Each country has their own rules and regulations and you will either need to provide which country you belong to or need to check your govt stand on btc. Some countries have banned btc in their country and few have accepted it. Majorly most countries have undecided yet related to such currencies.

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
Pages: [1] 2 3 4 5 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!