Rahul20 (OP)
Newbie
Offline
Activity: 29
Merit: 0
|
|
October 22, 2017, 07:02:29 PM |
|
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.
|
|
|
|
|
|
|
|
In order to achieve higher forum ranks, you need both activity points and merit points.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
marjoree
Full Member
Offline
Activity: 193
Merit: 100
Presale is live!
|
|
October 22, 2017, 07:18:22 PM |
|
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
|
|
October 22, 2017, 11:02:07 PM |
|
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.
|
|
|
|
justbecauseok
Newbie
Offline
Activity: 2
Merit: 0
|
|
October 22, 2017, 11:06:31 PM |
|
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
|
|
October 22, 2017, 11:12:56 PM |
|
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
|
|
October 22, 2017, 11:19:03 PM |
|
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.
|
|
|
|
Anonylz
|
|
October 22, 2017, 11:20:26 PM |
|
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.
|
| . SECONDLIVE | | | │ | | | | | | │ | | | | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
|
|
|
richminded
|
|
October 22, 2017, 11:22:48 PM |
|
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
Offline
Activity: 3080
Merit: 1348
|
|
October 22, 2017, 11:27:01 PM |
|
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.
|
|
|
|
Hallmader
|
|
October 22, 2017, 11:27:37 PM |
|
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
|
|
October 22, 2017, 11:29:17 PM |
|
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
|
|
October 22, 2017, 11:29:58 PM |
|
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.
|
▄▄▄▀█▀▀▀█▀▄▄▄ ▀▀ █ █ ▀ █ █ █ ▄█▄ ▐▌ █▀▀▀▀▀▀█ █▀▀▀▀▀▀▀█ █ ▀█▀ █ █ █ █ █ █ ▄█▄ █▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█ █ █ ▐▌ ▀█▀ █▀▀▀▄ █ █ ▀▄▄▄█▄▄ █ █ ▀▀▀▄█▄▄▄█▄▀▀▀ | . CRYPTO CASINO FOR WEB 3.0 | | . ► | | | ▄▄▄█▀▀▀ ▄▄████▀████ ▄████████████ █▀▀ ▀█▄▄▄▄▄ █ ▄█████ █ ▄██████ ██▄ ▄███████ ████▄▄█▀▀▀██████ ████ ▀▀██ ███ █ ▀█ █ ▀▀▄▄ ▄▄▄█▀▀ ▀▀▀▄▄▄▄ | | . OWL GAMES | | | . Metamask WalletConnect Phantom | | | | ▄▄▄███ ███▄▄▄ ▄▄████▀▀▀▀ ▀▀▀▀████▄▄ ▄ ▀▀▀▄▄▀▀▀▀▀▀▀▀▀▄▄▀▀▀ ▄ ██▀ ▄▀▀ ▀▀▄ ▀██ ██▀ █ ▄ ▄█▄▀ ▄ █ ▀██ ██▀ █ ███▄▄███████▄▄███ █ ▀██ █ ▐█▀ ▀█▀ ▀█▌ █ ██▄ █ ▐█▌ ▄██ ▄██ ▐█▌ █ ▄██ ██▄ ████▄ ▄▄▄ ▄████ ▄██ ██▄ ▀█████████████████▀ ▄██ ▀ ▄▄▄▀▀█████████▀▀▄▄▄ ▀ ▀▀████▄▄▄▄ ▄▄▄▄████▀▀ ▀▀▀███ ███▀▀▀ | | . DICE SLOTS BACCARAT BLACKJACK | | . GAME SHOWS POKER ROULETTE CASUAL GAMES | | ▄███████████████████▄ ██▄▀▄█████████████████████▄▄ ███▀█████████████████████████ ████████████████████████████▌ █████████▄█▄████████████████ ███████▄█████▄█████████████▌ ███████▀█████▀█████████████ █████████▄█▄██████████████▌ ██████████████████████████ █████████████████▄███████▌ ████████████████▀▄▀██████ ▀███████████████████▄███▌ ▀▀▀▀█████▀ |
|
|
|
Wallytred
|
|
October 22, 2017, 11:35:43 PM |
|
Here you can check if Bitcoin legal or not in Your place of living. Hope it helps anybody to make right decisions.
|
|
|
|
chichan13
|
|
October 23, 2017, 03:58:22 PM |
|
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
|
|
October 23, 2017, 04:02:38 PM |
|
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.
|
|
|
|
Vendetta666
|
|
October 23, 2017, 04:04:25 PM |
|
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
|
|
|
|
Dudeperfect
|
|
October 23, 2017, 04:13:34 PM |
|
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
Jr. Member
Offline
Activity: 115
Merit: 2
|
|
October 23, 2017, 04:14:56 PM |
|
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
|
|
October 23, 2017, 04:35:04 PM |
|
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
|
|
October 23, 2017, 05:04:54 PM |
|
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.
|
|
|
|
cybersofts
Copper Member
Sr. Member
Offline
Activity: 658
Merit: 284
|
|
October 23, 2017, 08:33:07 PM |
|
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.
Believe so myself. Some countries don't allow the use of bitcoins and majority allows it. About 90% of the developed countries legalized the use of bitcoin while about 20% of the developing countries are trying to ban bitcoin because they don't fully understand the concept of bitcoin. Yet majority of the under-developed countries don't even know what is bitcoin, how it works or even how it operate. Bitcoin is endorsed by top economies of the world such as U.S and Japan - so what more people want ? the answer to your question might depend on your country on bitcoin legalization.
|
|
|
|
Zerosk
Member
Offline
Activity: 112
Merit: 10
|
|
October 23, 2017, 08:34:35 PM |
|
Bitcoin in some countries it is legal to even have a Company with a Bank Account with the sole purpose to trade bitcoins. It depends with the jurisdiction.
|
|
|
|
Creating N Action
|
|
October 24, 2017, 04:11:10 AM |
|
It is depends on how people work on it. We said that the bitcoin is illegal if we work on it with bad attitudes. For me bitcoin is legal because i believe on it and bitcoin will lead us to become rich and it is better to our future. Bitcoin is easier to withdraw and wallets are secured that's why we cash out our money in good way. Bitcoin legalization is also depends on our country because some countries it is illegal and not accepted.
|
|
|
|
bubblebit
|
|
October 24, 2017, 04:11:54 AM |
|
The legality of bitcoin depends on who you are, and what you’re doing with it.
And what country you’re in. Because ignorance of the law excuses no one as every state or country will not ask you what your doing with it even it is totally illegal in that part of the world. Those depend who your are thing, sounds political and influential people not following the law and get away 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.
I hope you mentioned that three categories, so that I can make any opinion with it.
|
|
|
|
Rishabh riyz
|
|
October 24, 2017, 08:20:34 AM |
|
According to me it is legal or not that depends on the country. The condition of bitcoins are different in different in nation's , Countries like Japan , USA or Philippines which are developed , the government donot any friction to crypto currencies. But the countries which are still under development like India , neither consider bitcoins legal nor illegal.
Though countries like china restrict Bitcoins , but the restrictions is on the transaction passing through banks , like people cannot convert their bitcoins into fiat. it is not that Bitcoins are illegal , they are just not referred by the government to the people .
|
|
|
|
ALT67890
|
|
October 24, 2017, 09:16:59 AM |
|
The legality of one investments can only be proven by an existing law that governs and implement regulation. This is not about someone making illegal things then turn out to be no law to be shown at court. That’s really very hard thing to do, like now many ICO scamming is happening but no or lot of them can’t be taken down or jailed because of lack in laws to pin them down.
|
|
|
|
TagaMungkahi
Full Member
Offline
Activity: 364
Merit: 118
Bounty Campaign Manager? --> https://goo.gl/YRVVt3
|
|
October 24, 2017, 09:17:23 AM |
|
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.
It depends on the country you are living. Bitcoin is legal as a currency because it was made as a currency but we are living on a society where there is a Government that exists to create laws and regulation for everyone's "SAFETY". Bitcoin as a currency is legal. Bitcoin as a currency to another country is dependent on the government. Activities with the usage of Bitcoin is legal depending on the Activity that you are doing.
|
|
|
|
olubams
|
|
October 24, 2017, 10:00:44 AM |
|
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.
I was hoping to read about the three categories with the relevant explanations as well but unfortunately I am not getting that part but the fact still remains that anywhere you are, you can still use bitcoin even in the United States where some service providers are not extending their services, there is still room to trade in bitcoin, earn it and convert it to cash, but the issue is on the encumbrances one will have to face in doing it the right way in that place compared to other parts of the world where a simple chat on a platform could make the cash land in your bank account in matter of minutes.
|
|
|
|
Aamir1
|
|
October 24, 2017, 10:27:56 AM |
|
It depends on your country, and the rules applied for it. If you live in a country where using Bitcoin is not yet too much established like in my case, so it is ofcourse legal because no one would even notice you are using something like this as there aren't any places to use them except on internet. But if you live in a country where Bitcoin has already gotten a bad reputation and is prohibited to be used by the government then it is illegal for you for sure. In some countries, people use their Bitcoins to buy small things outside like coffee or other things, so it is legal for them probably, and some countries are regulating Bitcoin like China did some time ago, so now maybe it is not legal to use Bitcoins in China after that.
|
|
|
|
ORCAf
|
|
October 24, 2017, 10:34:49 AM |
|
Legal or illegal. Well, it is neither. In most cases (vary depending on the country) it does not yet have a clear definition of what it is - is it a currency, is it a property, a commodity. Without a definition, laws cannot be issued as there is too much of 'grey area', so many aspects can be interpreted differently. So technically, it makes it legal, cuz nobody says it ain't. But there's a catch. Governments can use this 'grey area' to bite you in the ass. How? They can find many ways how, it's just whether they are interested in you or not. So if you're just a quiet casual dude, selling a bit of bitcoin from time to time, you should be good, for now at least. But if you want to go full in with crypto and you possess big sums - I'm not so sure it is wise to play on the 'not illegal' card. Remember, it is not illegal, but neither it is legal.
|
|
|
|
Dreamchaser21
|
|
October 24, 2017, 12:28:46 PM |
|
Bitcoin in some countries it is legal to even have a Company with a Bank Account with the sole purpose to trade bitcoins. It depends with the jurisdiction.
Well here in my place bitcoin is really acceptable and legal, we can easily use bitcoin to transact online, convert it into fiat and so on. Actually some exchanges are planning now to do business here, they are now complying requirements to the government so they can fully operate. Bitcoin is very open here.
|
|
|
|
traderethereum
|
|
October 24, 2017, 12:36:50 PM |
|
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.
i think there are many country that is not giving any statement or any information to their citizen about bitcoin and i think it will make bitcoin in the grey side. but the government maybe give warning to the citizen to use bitcoin for their own risk and if somehow they are loss their money because of bitcoin, they don't have to blame other people. as long as the government don't prohibit bitcoin, then i think we can still use bitcoin and so far, i think many people from different country still using bitcoin too.
|
|
|
|
Ingudum
Newbie
Offline
Activity: 8
Merit: 0
|
|
October 24, 2017, 01:54:24 PM |
|
It depends on the country you live. In some countries it is legal while in some it is neither legal nor illegal. If it is not illegal, then automatically it become legal
|
|
|
|
Frank0209
|
|
October 24, 2017, 05:38:06 PM |
|
Bitcoin is legal or not depend on the way you use and where are you living . For example if you use Bitcoin to purchase game or good it's legal but if you use it to buy drug, evade tax or for money laundering it's illegal and you'll have to go to jail if the police find you out. Beside Bitcoin is not legalized in almost countries all over the world but if you use Bitcoin in these countries it'll be fine but if you use Bitcoin in countries that Bitcoin banned it'll be big problem and you'll have a trip to jail for at least 6 months.
|
|
|
|
sindikat
|
|
October 24, 2017, 05:59:50 PM |
|
There are only a few countries in the world which once marked the bitcoin in the legislation. But the bulk of the country interprets the rules to use bitcoin for their own interest. This means that bitcoin is illegal everywhere. The recognition of bitcoin requires the government to take on some commitments. The government do not want. They will continue to take the strategy of waiting.
|
|
|
|
SvenBomvolen
|
|
October 24, 2017, 06:19:44 PM |
|
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.
What are those three categories of Bitcoin stakeholder? I didn't get this part. Bitcoin stays legal for now in every country. If it would me admitted as illegal we all, forum users, would know about it, it simply would be on the top of the news. So illegal is only the way you use it and nothing more.
|
|
|
|
virtfund
|
|
October 24, 2017, 11:32:07 PM |
|
Bitcoin is legal for me because I can buy Bitcoin, I can trade, I can invest in Bitcoin. If Biycoin was not legal, could I do this? Governments have not yet established legislation for Bitcoin, but Bitcoin has not been identified as illegal.
|
|
|
|
crzy
|
|
October 24, 2017, 11:43:13 PM |
|
Bitcoin is legal for me because I can buy Bitcoin, I can trade, I can invest in Bitcoin. If Biycoin was not legal, could I do this? Governments have not yet established legislation for Bitcoin, but Bitcoin has not been identified as illegal.
Well bitcoin is really decentralized and also bitcoin is legal in my place we can use it easily. I can easily invest on bitcoin and i believe bitcoin will become more legal in so many places in the future. Bitcoin really helps us to create good money that we can use for a brighter future.
|
|
|
|
Kingofbitcoin12345
|
|
October 25, 2017, 12:04:05 PM |
|
The legality of bitcoin depends on who you are, and what you’re doing with it.
That’s not what I think of,, the legality of bitcoin is determined of who you are and what you used it for.. This is more of what country you came from and what is the status that it is accepted by majority in a society you belong.. 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.
This categories might include: trader,, users and holder/investors.. I hope that is what your talking about.. And I’ll be just on two and haven’t been a trader myself..
|
|
|
|
bitcoinvamp
|
|
October 25, 2017, 02:52:11 PM |
|
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.
YES bitcoin is legal in most part of the world and of course it depends on who you are and what a person is doing with it. If a person tries to do money laundering then it will be illegal according to the government of the country.
|
|
|
|
lili song
|
|
October 25, 2017, 03:40:27 PM |
|
Yes Legal for some country. The powerful country for bitcoin in japan and seoul. But for some country band bitcoin because they can't control transactions in bitcoin.
|
|
|
|
sdas90
Member
Offline
Activity: 136
Merit: 10
|
|
October 25, 2017, 04:46:54 PM |
|
it is depend on every country but in my openion Bitcoin is legal. There are many countries that legalized Bitcoin. on the otherhand there are some countries that banned it. but I guess it is legal.as long as the government Bitcoin is considered legal in your country it is not legal. but really depends on a country's .
|
|
|
|
Lieldoryn
|
|
October 25, 2017, 06:26:05 PM |
|
Bitcoin is legal in any country. You can earn and keep your coins outside the laws of your state. To make purchases with bitcoin is not profitable and there are very few sentences so you can redeem your coins abroad, and send me the Bank account several legal ways. If a person wants he will always find a legal scheme for the use of bitcoin.
|
|
|
|
ballerin and giroud
Member
Offline
Activity: 868
Merit: 16
|
|
October 26, 2017, 08:01:12 AM |
|
Bitcoin legal by some country like, japan, croatia, France, luxemburg, England, Argentina, Finlandia, Sweden, Switzerland,and United States. There is mine catagories bitcoin a comvertible decentralized virtual currency. And there also legalized only as a pyment system such as bulgaria. The conclusion, is bitcoin legal? Yes, in some country have fully regulated it, or permitted it with certain restritions.
|
|
|
|
Emmami@758
Newbie
Offline
Activity: 42
Merit: 0
|
|
October 26, 2017, 10:25:46 AM |
|
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.
yes bit coin is legal but few country's mis using it. actually bit coin made in japan. here it is legal people also using for legally. but in some major country's they have to doing illegal business for that reason that country government banned by this bit coins. actually bit coin is a online digital currency it can not seen any one so for that reason most of the people using this one. it is more secure compare to paper currency.
|
|
|
|
artbtc
Member
Offline
Activity: 84
Merit: 10
Envion - Highest ROI crypto infrastructure
|
|
October 26, 2017, 10:32:50 AM |
|
Bitcoin legal by some country like, japan, croatia, France, luxemburg, England, Argentina, Finlandia, Sweden, Switzerland,and United States. There is mine catagories bitcoin a comvertible decentralized virtual currency. And there also legalized only as a pyment system such as bulgaria. The conclusion, is bitcoin legal? Yes, in some country have fully regulated it, or permitted it with certain restritions.
I'd rather say that Bitcoin is legal everywhere unless a country specifies that it is illegal on its territory. Since Bitcoin is a digital, decentralized currency, no government controls it, so no government can declare it illegal everywhere. Any government declarations and laws related to Bitcoin will apply only in the territory of each government.
|
|
|
|
Flor1982
|
|
October 26, 2017, 10:45:00 AM |
|
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.
It is Legal but it will depend upon the country that you belong because some countries declared it illegal. If the legality will depends upon how we use it then we should also consider that fiat are already use for a crime by the bad elements like money is the root of all evil. If money is a currency so bitcoin is a currency too that can also be use in illegal activities and that is why a certain nation must regulate it to avoid misuse.
|
|
|
|
Pasabm
Member
Offline
Activity: 94
Merit: 10
|
|
October 26, 2017, 04:58:02 PM |
|
Many countries claim that bitcoin is legal and some are illegal. If in my country illegal but so far not explained in detail why Bitcoin is prohibited to be a legitimate payment instrument.Even one of the banks in my country stated that bitcoin is considered to have a high risk, and if depending on who you are and what you do on bitcoin it is an option and has its own risks.
|
|
|
|
python13
Newbie
Offline
Activity: 10
Merit: 0
|
|
October 26, 2017, 06:24:37 PM |
|
If it's not forbidden - you can use it, but if it's not legalized it means you cannot protect your rights in case of fraud or theft
|
|
|
|
ahsanhabibcx
Newbie
Offline
Activity: 2
Merit: 0
|
|
October 26, 2017, 07:19:23 PM |
|
I think It’s legal or illegal depends on from where you earn it and where you going to spend it. If you believe or other than that if you have an internet connection bitcoin is legal.
|
|
|
|
lepricoin
Full Member
Offline
Activity: 673
Merit: 112
umachit.fund
|
|
October 26, 2017, 08:03:34 PM |
|
For different countries, differently ... if bitcoin is not the exact name in the country, it does not mean that it is illegal. Now the government is developing documents capable of doing this.
|
|
|
|
kimochidesh
|
|
October 26, 2017, 09:14:32 PM |
|
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.
First of all, it depends upon the law of your country. In my country, staus of BTC is that IT IS NOT ILLEGAL. So that means its legal. Most of the countries around the world are not able to take a firm stand for BTC. So their status is also NOT ILLEGAL.
|
|
|
|
Geemy
Member
Offline
Activity: 350
Merit: 15
|
|
October 26, 2017, 10:47:53 PM |
|
it's depends where are you from ? , some countries say welcome , and some countries say no .
|
|
|
|
soham
|
|
October 26, 2017, 10:59:45 PM |
|
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.
The legality of bitcoin actually depends on where you are along with what you do with it. It depends on the country specific legislation to determine whether bitcoin is legal in your country or not. Then the question comes, what you do with it. My personal thinking is, till the time your government doesn't give a damn about bitcoin, you are in good shape. The moment your government starts showing interest in bitcoin, you will be placed on the top of a wall. You will either be accepted, or be denied/banned. I am not in complete understanding on the categories you have mentioned here, can you please elaborate?
|
|
|
|
EEEian
|
|
October 27, 2017, 08:05:20 AM |
|
For maximum countries Bitcoin is legal i think.Because all country government not officially announced Bitcoin is legal even some few asia countries government officially announced Bitcoin is illegal such as Bangladesh is big example.
|
|
|
|
csilla
Newbie
Offline
Activity: 24
Merit: 0
|
|
October 27, 2017, 10:52:43 AM |
|
It´s legal generally. There are some exceptions depending on the country.
|
|
|
|
Granxis
|
|
October 27, 2017, 11:07:29 AM |
|
The legality of Bitcoin depends on the purpose of use, but most importantly, it is legalized by the countries.
|
| | | . .Duelbits. | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | TRY OUR
NEW UNIQUE GAMES! | | . ..DICE... | ███████████████████████████████ ███▀▀ ▀▀███ ███ ▄▄▄▄ ▄▄▄▄ ███ ███ ██████ ██████ ███ ███ ▀████▀ ▀████▀ ███ ███ ███ ███ ███ ███ ███ ███ ▄████▄ ▄████▄ ███ ███ ██████ ██████ ███ ███ ▀▀▀▀ ▀▀▀▀ ███ ███▄▄ ▄▄███ ███████████████████████████████ | . .MINES. | ███████████████████████████████ ████████████████████████▄▀▄████ ██████████████▀▄▄▄▀█████▄▀▄████ ████████████▀ █████▄▀████ █████ ██████████ █████▄▀▀▄██████ ███████▀ ▀████████████ █████▀ ▀██████████ █████ ██████████ ████▌ ▐█████████ █████ ██████████ ██████▄ ▄███████████ ████████▄▄ ▄▄█████████████ ███████████████████████████████ | . .PLINKO. | ███████████████████████████████ █████████▀▀▀ ▀▀▀█████████ ██████▀ ▄▄███ ███ ▀██████ █████ ▄▀▀ █████ ████ ▀ ████ ███ ███ ███ ███ ███ ███ ████ ████ █████ █████ ██████▄ ▄██████ █████████▄▄▄ ▄▄▄█████████ ███████████████████████████████ | 10,000x MULTIPLIER | │ | NEARLY UP TO .50%. REWARDS | | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
Rooster101
|
|
October 27, 2017, 01:10:10 PM |
|
If there is a law that legalized the use of bitcoin then we can consider it legal. Some countries issues regulations to some operators of cryptocurrency exchanges in their area but does not intend to endorse any virtual currency including the bitcoin. When a country did not ban the use of bitcoin as a virtual currency the it is safe to use but it is does not mean it has a legality because in order to become legal, there must be a law that legalizes it.
|
|
|
|
iyan33
|
|
October 27, 2017, 02:40:00 PM |
|
maybe if the current bitcoin not yet have a clear legality of various countries in but I believe someday bitcoin will be able to achieve everything, for me as long as there is no prohibition on the use of bitcoin in my country of course this keep me going to do activity in bitcoin
|
|
|
|
Kingofbitcoin12345
|
|
October 28, 2017, 09:12:12 AM |
|
It´s legal generally. There are some exceptions depending on the country.
Yes agree with that.. Most countries even without the proper legal law passed on by the lawmakers themselves we can assume that those countries are open for bitcoin transactions and uses it accordingly.. That’s the best of it because this is a freedom investment and to make sure that we deserve this freedom,, we should be responsible enough to just do what is right..
|
|
|
|
shohelalam
|
|
October 28, 2017, 10:49:59 AM |
|
If we Thinks Logically about Bitcoin Then its Legal. we have to see which ways we use bitcoin and where we use bitcoin and also depend where we live. If we use bitcoin legal ways that time its legal.
Now The World accept bitcoin for everywhere , Like Transaction, Shopping, Business, Investment, Exchange Plastform, So many banks accepted and also accepted Merchant.
So If we do everything and its use able for our real life.. That's mean we can tell bitcoin is legal.
|
|
|
|
passwordnow
|
|
October 28, 2017, 01:51:12 PM |
|
The legality of bitcoin depends on who you are, and what you’re doing with it.
No as legality is declared by the state on where are you residing. If they so that bitcoin is legal, then the citizens have to consider it legal. And if the government will tell that bitcoin is illegal, then citizens should flee from bitcoin because they might face criminal offense for supporting 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.
What are these three main categories of bitcoin stakeholder?
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
corroze
|
|
October 29, 2017, 06:20:51 AM |
|
I think if the use of bitcoin can be done for various financial transactions either for payment transactions or business transactions certainly can be categorized in bitcoin is legal although functionally but not legally of course, because as far as I know no country declares the legalization of bitcoin as the eye official money in the country.
|
|
|
|
warrior333
|
|
October 29, 2017, 12:32:06 PM |
|
I think if the use of bitcoin can be done for various financial transactions either for payment transactions or business transactions certainly can be categorized in bitcoin is legal although functionally but not legally of course, because as far as I know no country declares the legalization of bitcoin as the eye official money in the country.
In your post you describe the ideal conditions for the development of bitcoin. Now we do not see. Bitcoin supports Fiat. This is reflected in the fact that for the transactions, we will have to exchange bitcoin for Fiat. This makes it easier for the state to exercise control over the circulation of bitcoin. States will never accept the bitcoin currency.
|
|
|
|
TheDarkVoice
Newbie
Offline
Activity: 23
Merit: 0
|
|
October 30, 2017, 06:29:36 PM |
|
For sure! As it is not written in the law, trading bitcoins is exactly like buying gold from someone close to you. As it is not considered money.
|
|
|
|
|
Ccexicocartel
|
|
October 31, 2017, 12:41:50 AM |
|
A good amount of countries have a good grasp of what they're thinking. But countries like the US create such a grey area to navigate.
|
|
|
|
ipanks
|
|
October 31, 2017, 12:47:05 AM |
|
some of country in the world accepting bitcoin to be used by their citizen and people is not worried about anything but in the other country, bitcoin is prohibited and not allow for their citizen. many of us is wanting bitcoin to be legal so there are no fear from the people when they use bitcoin for many things. i am not to know about the legality of bitcoin an until there is no statement from government why they are rejected bitcoin in their country, i will still use bitcoin for what i want to do.
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
Coffee135
|
|
November 01, 2017, 01:39:54 PM |
|
some of country in the world accepting bitcoin to be used by their citizen and people is not worried about anything but in the other country, bitcoin is prohibited and not allow for their citizen. many of us is wanting bitcoin to be legal so there are no fear from the people when they use bitcoin for many things. i am not to know about the legality of bitcoin an until there is no statement from government why they are rejected bitcoin in their country, i will still use bitcoin for what i want to do.
For me it does not matter what he thinks about bitcoin to my government. After I believed bitcoin I really can't stop. May they accept any limitations. I'm not going to do them. In my eyes the government has lost its legitimacy. They had a chance to have the respect but they didn't. Now this authority have won a bitcoin and they have no chance in the competition.
|
|
|
|
highcoins
Newbie
Offline
Activity: 6
Merit: 0
|
|
November 01, 2017, 05:54:29 PM |
|
it is legal, but, some country gave the strict law to control it
|
|
|
|
Rupok
|
|
November 03, 2017, 05:47:42 PM |
|
There are also many countries in which Bitcoin is not yet legal in the countries, Asia is one of the continents, but in some countries, Bitcoin is valid.
|
|
|
|
Proton2233
|
|
November 03, 2017, 06:36:18 PM |
|
It seems to me that the question of legality of bitcoin each person has to decide for himself. Very few States have imposed a direct ban on the use of bitcoin. It is a totalitarian state, and there the people themselves should decide for themselves questions of power. They don't vote against their dictators and therefore support their opinions. In the free world the power belongs to the people. No ban can stop me.
|
|
|
|
TheRomanLegion_
Member
Offline
Activity: 74
Merit: 11
|
|
November 03, 2017, 08:42:49 PM |
|
Legal for the majority of countries.
|
|
|
|
HarleyQuinn9876
|
|
November 04, 2017, 12:43:59 AM |
|
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
This depends on the regulations of each country. In my opinion, bitcoin is completely legal. Some countries recognize bitcoin, bitcoin is legal in countries like Japan, USA ... some countries do not recognize bitcoin even ban it
|
|
|
|
entrepmind23
|
|
November 04, 2017, 02:12:30 AM |
|
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.
It depends on where you are residing as well. Even if you are a citizen of a country where bitcoin is legal but you are currently living in a country where bitcoin is illegal then you should follow their rules. There are many countries nowadays who are making moves to make bitcoin and cryptocurrency in general legal but there are those who are firm with their belief that bitcoin is illegal because these can be use in doing illegal things but if you think about it, anything can be use in illegal way whether it is fiat or digital currency as long as it can be use as payment option. For those country who did not declare bitcoin as illegal but do not regulate it yet then I assumed bitcoin is still considered legal.
|
|
|
|
julzxc
Newbie
Offline
Activity: 3
Merit: 0
|
|
November 04, 2017, 04:27:05 AM |
|
Bitcoin is legal but other people use it in illegal way
|
|
|
|
AmXProX
|
|
November 04, 2017, 04:44:25 AM |
|
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.
It depends on where you are residing as well. Even if you are a citizen of a country where bitcoin is legal but you are currently living in a country where bitcoin is illegal then you should follow their rules. There are many countries nowadays who are making moves to make bitcoin and cryptocurrency in general legal but there are those who are firm with their belief that bitcoin is illegal because these can be use in doing illegal things but if you think about it, anything can be use in illegal way whether it is fiat or digital currency as long as it can be use as payment option. For those country who did not declare bitcoin as illegal but do not regulate it yet then I assumed bitcoin is still considered legal. By default bitcoin use is legal unless your government declared it as illegal. Several countries has a law declaring possession or trading of the coin as illegal in their country. On my opinion there is nothing wrong with bitcoin, it just so happened that is being used by people in some illegal trades specially on money laundering activities.
|
|
|
|
denny27
Full Member
Offline
Activity: 546
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
|
|
November 04, 2017, 06:28:19 AM |
|
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.
yes indeed if seen in general is like that, depending on who we are and what we do on bitcoin that we have. Bitcoin itself is not bad to use and indeed it should can be legal, it depends on who uses it, whether people who think criminally or people who actually use bitcoin from the good side without any things that smell negative on using. But yeah anyway from so many people, of course there are still people who are negative thoughts on using bitcoin and from all the governments of the country there are still who thinking that bitcoin is dangerous when used against certain things. So bitcoin hasn't really been legal in all governments on each countries, there are still many considerations about it.
|
|
|
|
Disconnecting
|
|
November 04, 2017, 06:28:27 AM |
|
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.
It depends on where you are residing as well. Even if you are a citizen of a country where bitcoin is legal but you are currently living in a country where bitcoin is illegal then you should follow their rules. There are many countries nowadays who are making moves to make bitcoin and cryptocurrency in general legal but there are those who are firm with their belief that bitcoin is illegal because these can be use in doing illegal things but if you think about it, anything can be use in illegal way whether it is fiat or digital currency as long as it can be use as payment option. For those country who did not declare bitcoin as illegal but do not regulate it yet then I assumed bitcoin is still considered legal. By default bitcoin use is legal unless your government declared it as illegal. Several countries has a law declaring possession or trading of the coin as illegal in their country. On my opinion there is nothing wrong with bitcoin, it just so happened that is being used by people in some illegal trades specially on money laundering activities. We have the same quedtion that bothering in my mind. Is bitcoin legal? Because bitcoin is one of the easiest way of earning money but it is a little bit nervous if it is a illegal or a scam.
|
|
|
|
Granxis
|
|
November 04, 2017, 09:49:25 AM |
|
It seems to me that the question of legality of bitcoin each person has to decide for himself. Very few States have imposed a direct ban on the use of bitcoin. It is a totalitarian state, and there the people themselves should decide for themselves questions of power. They don't vote against their dictators and therefore support their opinions. In the free world the power belongs to the people. No ban can stop me.
Countries with totalitarian regimes are more afraid of Bitcoin, because they are afraid of missing tax and money because of the pressure on their people.
|
| | | . .Duelbits. | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | TRY OUR
NEW UNIQUE GAMES! | | . ..DICE... | ███████████████████████████████ ███▀▀ ▀▀███ ███ ▄▄▄▄ ▄▄▄▄ ███ ███ ██████ ██████ ███ ███ ▀████▀ ▀████▀ ███ ███ ███ ███ ███ ███ ███ ███ ▄████▄ ▄████▄ ███ ███ ██████ ██████ ███ ███ ▀▀▀▀ ▀▀▀▀ ███ ███▄▄ ▄▄███ ███████████████████████████████ | . .MINES. | ███████████████████████████████ ████████████████████████▄▀▄████ ██████████████▀▄▄▄▀█████▄▀▄████ ████████████▀ █████▄▀████ █████ ██████████ █████▄▀▀▄██████ ███████▀ ▀████████████ █████▀ ▀██████████ █████ ██████████ ████▌ ▐█████████ █████ ██████████ ██████▄ ▄███████████ ████████▄▄ ▄▄█████████████ ███████████████████████████████ | . .PLINKO. | ███████████████████████████████ █████████▀▀▀ ▀▀▀█████████ ██████▀ ▄▄███ ███ ▀██████ █████ ▄▀▀ █████ ████ ▀ ████ ███ ███ ███ ███ ███ ███ ████ ████ █████ █████ ██████▄ ▄██████ █████████▄▄▄ ▄▄▄█████████ ███████████████████████████████ | 10,000x MULTIPLIER | │ | NEARLY UP TO .50%. REWARDS | | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
liseff3
|
|
November 05, 2017, 01:56:05 AM |
|
No, Bitcoin is Illegal. Because, bitcoin isn`t issued by the authority of the agency concerned, such as the central bank. In fact, bitcoin had problems because of the absence of clear rules. "Until now the government is still studying it,"
But my hope, Bitcoin is considered legal. Because, Bitcoin has many benefits and help the economy of the people especially the unemployed, Bitcoin much educate, especially in terms of trade and investment.
|
|
|
|
Rajamuda
|
|
November 05, 2017, 08:34:07 AM |
|
Indeed, if viewed in general or general rules that is on government regulations such as laws, bitcoin it's still illegal.. which's still not really in the supervision of all governments (under goverment arrangements) from various countries. From most governments there are still many who trying and learning deep about bitcoin and blockchain. But I'm sure there will be more and more countries that will following the countries that has legalized bitcoin as time goes on, because bitcoin can provide many benefits for comunity and helping the economy of the community.
|
|
|
|
kafiddrhman
|
|
November 05, 2017, 09:20:47 AM |
|
indeed if we look from the legal point of view about the legality of bitcoin is certainly illegal but it returns to the regulation and government policy on bitcoin legality in the country, because each country certainly has different rules about the policy of bitcoin. But if you look in terms of benefits arising from bitcoin of course we all hope someday bitcoin will get legality in accordance with its function
|
|
|
|
DannaWonder
|
|
November 07, 2017, 12:36:31 AM |
|
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.
As long as you are not in the country where bitcoin was declared as illegal then it is legal. There are only few countries who identified the use and possession of the coin as illegal and most countries don't have any stand about the coin until now, some countries are looking for a way to regulate the coin and starting to accept it.
|
|
|
|
crzy
|
|
November 07, 2017, 04:32:57 AM |
|
indeed if we look from the legal point of view about the legality of bitcoin is certainly illegal but it returns to the regulation and government policy on bitcoin legality in the country, because each country certainly has different rules about the policy of bitcoin. But if you look in terms of benefits arising from bitcoin of course we all hope someday bitcoin will get legality in accordance with its function
Yeah really depends on your location, some place in this world still not accepting bitcoin. Time will surely come that bitcoin will become more legal around the world and small people like us will surely enjoy the benefits of this great technology.
|
|
|
|
D2R2
Jr. Member
Offline
Activity: 54
Merit: 10
|
|
November 07, 2017, 07:08:52 AM |
|
depends on the country, for example, in Russia, Putin signed a decree on the legalization of the Crypto-currency in 2018
|
|
|
|
ridhonofri23
Member
Offline
Activity: 61
Merit: 10
|
|
November 07, 2017, 11:57:29 AM |
|
sure, I have received the money from this clear and bitcoin lega it'sl real
|
|
|
|
Proton2233
|
|
November 07, 2017, 12:02:23 PM |
|
depends on the country, for example, in Russia, Putin signed a decree on the legalization of the Crypto-currency in 2018
Are you sure about that? Probably you live in Russia. For me it is strange when people do not know their own legislation. Russia will never legalize bitcoin. Why do you need to legalize it? You that bad now? I hope that it will not be soon and we will be able to enjoy their freedom. I used to rely on their strength and I don't need the approval of the state for my work.
|
|
|
|
HiringYou
|
|
November 07, 2017, 08:13:28 PM |
|
The legality of Bitcoin depends upon two factors.First factor is the way in which we use it. For example some people use it as a mode of payment in drug dealings, ammunition dealings etc which makes the use of Bitcoin illegal. Other factor is the country in which we live beacuse Bitcoin is still not accepted as a mode of payment in many countries.For example,in China use of Bitcoin is illegal. In some countries like U.S.A, Canada ,Japan etc Bictoin is legal.So legality of Bitcoin depends upon our way to use it and on the rules and regulations of the country in which we live.
|
|
|
|
qwertyup23
|
|
November 08, 2017, 11:51:04 AM |
|
indeed if we look from the legal point of view about the legality of bitcoin is certainly illegal but it returns to the regulation and government policy on bitcoin legality in the country, because each country certainly has different rules about the policy of bitcoin. But if you look in terms of benefits arising from bitcoin of course we all hope someday bitcoin will get legality in accordance with its function
Yeah really depends on your location, some place in this world still not accepting bitcoin. Time will surely come that bitcoin will become more legal around the world and small people like us will surely enjoy the benefits of this great technology. Every country has their own specific agenda, rules, and regulations regarding a certain provision. A country in Asia may legalize bitcoin, while a country in Europe may not. It really depends on their current state whether they are willing to embrace the implications of bitcoin by allowing its utilization. Like you guys said, other countries accept it as an alternative payment, while some prohibit it due to being a contribution to their drug-related problems or crime rates. Personally, I think that bitcoin should be legalize in every country, regardless of its implications, since the opportunities it provide really support the ones who are under average in terms of income.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Klausi
Sr. Member
Offline
Activity: 536
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
|
|
November 08, 2017, 04:46:18 PM |
|
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.
The legality of bitcoin will truly depend upon the users. If the users will use bitcoin in illegal activities such as laundering, smuggling, guns and drugs then the reputation of bitcoin will be at stake because it will make some countries to think twice of they will adopt and declare bitcoin is legal or not. Therefore the users should use bitcoin for good like to make their lives financially stable in which to use the bitcoin in honorable spending so that the government will see only the good things and will not in doubt to legalize it.
|
|
|
|
kimpena
|
|
November 09, 2017, 04:48:24 AM |
|
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.
In our country, bitcoin is legal. It is being discuss in media therefore government knows that countrymen are using it. Even our main bank declared that bitcoin is legal. We are free to use bitcoin in our daily transactions, but as of now, we only have limited use of it. Because there are still stores who do not know or do not accept bitcoin as payment. Maybe if it gets more popular in our country, many stores will be engaged in accepting bitcoin as payment.
|
|
|
|
zulkarnaen
|
|
November 09, 2017, 08:21:51 AM |
|
Of course over time bitcoin will become increasingly recognized and used by all levels of society, then this will affect development of bitcoin in future increases. and responding to your opinion about use of bitcoin that isn't yet fully utilized by your local community, I think it's a matter of time and of course need to get support from local government to help socialize bitcoin to be better known to everyone and they can benefit from Bitcoin is very large.
|
|
|
|
warrior333
|
|
November 09, 2017, 10:56:49 AM |
|
Of course over time bitcoin will become increasingly recognized and used by all levels of society, then this will affect development of bitcoin in future increases. and responding to your opinion about use of bitcoin that isn't yet fully utilized by your local community, I think it's a matter of time and of course need to get support from local government to help socialize bitcoin to be better known to everyone and they can benefit from Bitcoin is very large.
Lol!!! Why do you support the government? I have the impression that you were little and used to ask permission from parents in order to do something. Governments should be at the service of citizens. We have to dictate terms. I don't need permission. Bitcoin is the mechanism which allows us to put pressure on the government and to enforce our terms and conditions.
|
|
|
|
Carrody
Newbie
Offline
Activity: 34
Merit: 0
|
|
November 09, 2017, 01:19:29 PM |
|
So many thing we can buy nowdays with bitcoin, maybe not legal, but powerful
|
|
|
|
sukamasoto
Legendary
Offline
Activity: 1148
Merit: 1006
Black Panther
|
|
November 09, 2017, 08:08:06 PM |
|
Of course over time bitcoin will become increasingly recognized and used by all levels of society, then this will affect development of bitcoin in future increases. and responding to your opinion about use of bitcoin that isn't yet fully utilized by your local community, I think it's a matter of time and of course need to get support from local government to help socialize bitcoin to be better known to everyone and they can benefit from Bitcoin is very large.
Lol!!! Why do you support the government? I have the impression that you were little and used to ask permission from parents in order to do something. Governments should be at the service of citizens. We have to dictate terms. I don't need permission. Bitcoin is the mechanism which allows us to put pressure on the government and to enforce our terms and conditions. If government support bitcoin, it may consider as legal currency but it will broke decentralized paradigm because government can control bitcoin Overall both parties must understand each other so they still can use bitcoin for future transaction and more advance their policy against bitcoin
|
|
|
|
katinko
|
|
November 09, 2017, 09:47:22 PM |
|
Of course over time bitcoin will become increasingly recognized and used by all levels of society, then this will affect development of bitcoin in future increases. and responding to your opinion about use of bitcoin that isn't yet fully utilized by your local community, I think it's a matter of time and of course need to get support from local government to help socialize bitcoin to be better known to everyone and they can benefit from Bitcoin is very large.
Lol!!! Why do you support the government? I have the impression that you were little and used to ask permission from parents in order to do something. Governments should be at the service of citizens. We have to dictate terms. I don't need permission. Bitcoin is the mechanism which allows us to put pressure on the government and to enforce our terms and conditions. If government support bitcoin, it may consider as legal currency but it will broke decentralized paradigm because government can control bitcoin Overall both parties must understand each other so they still can use bitcoin for future transaction and more advance their policy against bitcoin Here in my country we do not say that bitcoin or decentralized currency is legal until our government announce that they will adopt bitcoin as part of institutional currency but we have freedom to used this currency we can make deposit and withdrawal using financial institution and other remittance centers that is why i feel like its legal currency because we can easily used it anywhere.
|
|
|
|
FRJ
Member
Offline
Activity: 280
Merit: 15
The Worlds Most Advanced Distributed Computer
|
|
November 10, 2017, 04:15:44 AM |
|
Bitcoin is not legal.But bitcoin does so many good to us.It is powerful.a few number of countries has given legality to bitcoin.But still a huge number of countries are not willing to give legality to bitcoin.
|
|
|
|
TheKeyLongThumbI
|
|
November 10, 2017, 06:29:02 AM |
|
Bitcoin is legal and here in my country, we can exchange our btc freely to fiat whenever we want to. They aren't strict towards the use of it but I know someday they will regulate. There are few other countries that banned btc and most of them are very poor countries.
|
|
|
|
zeze18
|
|
November 10, 2017, 04:37:24 PM |
|
Bitcoin is legal and here in my country, we can exchange our btc freely to fiat whenever we want to. They aren't strict towards the use of it but I know someday they will regulate. There are few other countries that banned btc and most of them are very poor countries.
I just want to respond to your view of a poor country that prohibits the use of bitcoin, I think the legality and ban of bitcoin isn't dependent on economic status of the country, but of course it depends on their government policy in making regulations about circulation of digital currency, because in fact many developed countries in Europe are banning the use of bitcoin and I think bitcoin in your country is legally functional but not for its legality, because if the bitcoin legality in your country is legal, there will be government regulations regarding rights and obligations of bitcoin users.
|
|
|
|
yingfeng
|
|
November 10, 2017, 05:02:59 PM |
|
Sure its, most of countries using it , I think only china and little more banned bitcoin but after all its legal
|
|
|
|
Zabercoin
Copper Member
Member
Offline
Activity: 126
Merit: 10
|
|
November 10, 2017, 05:39:11 PM |
|
Bitcoin is not prohibited, except for some individual countries. Logically, it is legal, especially now it is beginning to be introduced into large companies.
|
|
|
|
Thiptiout
Newbie
Offline
Activity: 32
Merit: 0
|
|
November 10, 2017, 06:58:21 PM |
|
like you say if you use bitcoin for legal things bitcoin will be legal but when you hide ID people use money for dark think so that bitcoin became illegal
|
|
|
|
supandi wiharja
Full Member
Offline
Activity: 420
Merit: 101
Earn crypto for being contacted
|
|
November 10, 2017, 07:59:05 PM |
|
In some countries, bitcoin is legal, and in some countries it is still illegal. I think it depends on government policy in a country. Because in my country the existence of bitcoin is still illegal, the government forbids its citizens to use bitcoin as a legitimate payment. Perhaps there are still many considerations from the government to legalize bitcoin in his country. I personally hope the government in my country as soon as possible to legalize bitcoin, because i think the existence of bitcoin can prosper many people.
|
|
|
|
Miles123
|
|
November 11, 2017, 04:03:14 AM |
|
It depends on your country if they legalize the bitcoin. Here in my country, we can exchange our bitcoin with no paying tax because it's not known here. Many people asking how did I get it or where did it come from. There is no regulation here about bitcoin and governments are not strict about using bitcoin.
|
|
|
|
ehrz22
|
|
November 11, 2017, 04:53:57 AM |
|
Bitcoin is still not legalized by our country but we can use it freely, we can trade it with our local currency. The only thing I dont like is the high fees for converting it. But all in all Im so thankful that it is accepted in our country.
|
|
|
|
BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
|
|
November 11, 2017, 09:55:59 AM |
|
Bitcoin is still not legalized by our country but we can use it freely, we can trade it with our local currency. The only thing I dont like is the high fees for converting it. But all in all Im so thankful that it is accepted in our country.
That has nothing to do with the government in your country. It's up to the services to choose a fee that allows them to [1] make profit, and [2] not be high enough to bother their users too much. I have even seen people talk about Bitcoin's network fees as being the fault of the government. No matter how much people dislike governments and their behavior, Bitcoin's higher network fees are not their fault, lol.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
Saveplus
|
|
November 11, 2017, 10:07:09 AM |
|
In my country bitcoin is already legal but government doesn't impose law on it that is why all people in our country are free to earn and used bitcoin but we can not still used bitcoin in offline transaction it is pure online transaction even supermarkets and MALL does not accepts bitcoin for payment.
|
|
|
|
pecson134
Sr. Member
Offline
Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
|
|
November 12, 2017, 12:06:23 PM |
|
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.
Bitcoin would naturally be in a legal basis. The problem lies with the person who would utilize bitcoins. So if bitcoins was use in dubious deals then that is the time it can be use in illegal means. Also, every country had their own standpoint on how they view bitcoins.
|
|
|
|
Glydel1999
|
|
November 12, 2017, 03:48:14 PM |
|
Bitcoin is not legally valid because it helps the poor in the unemployed to give him a look even at home. they can earn a great deal with bitcoin. so it will not be illegal because it helps people.
|
|
|
|
Owl129
Member
Offline
Activity: 203
Merit: 10
|
|
November 13, 2017, 01:37:00 AM |
|
I think bitcoin is legal here in our country since all of my friends here use bitcoin years ago and they earn a lot without any issue. I think legality depends in your country and how a person look at the bitcoin.
|
|
|
|
staringbright
Newbie
Offline
Activity: 35
Merit: 0
|
|
November 13, 2017, 02:28:09 AM |
|
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.
where can we actually find out the original rules and regulations related to bitcoin use?
|
|
|
|
traderethereum
|
|
November 13, 2017, 02:45:47 AM |
|
there is still only few country that makes bitcoin legal and the rest of the country is not give their statement about bitcoin and it makes bitcoin is in the grey side. people can use bitcoin but for their own risk and they need to take their responsibility if they decide to use bitcoin and not being disappointed if somehow, bitcoin is make them lose their money. but if there is more country that makes bitcoin legal, then i think people will be attracted to bitcoin world and they will use bitcon and finally bitcoin itself will become globally.
|
|
|
|
Twentyonepaylots
|
|
November 13, 2017, 04:51:49 AM |
|
bitcoin is either legal or illegal, just like real money you can use it legally like buying clothes,food, kitchen supplies, appliances etc. but also you can use it illegally like buying drugs, the same concept applies to bitcoin because it is the user who will define its legality or illegality.
|
|
|
|
kaizerblitz
|
|
November 14, 2017, 04:58:06 AM |
|
Bitcoin is legal it's depends what for you are using to if you buy drugs or weapon in deepweb of illegal transaction. They are legal ways to use bitcoin.
|
|
|
|
labs0918
Member
Offline
Activity: 205
Merit: 10
|
|
November 14, 2017, 07:15:14 AM |
|
Yes its legal because many countries use it too. But depending on what you are doing with it and what is your location . Maybe it is illegal if you have given some of your personal information Because legal bitcoin does'nt need to ask your personal informations.
|
|
|
|
Habakkuk77
Member
Offline
Activity: 112
Merit: 10
|
|
November 14, 2017, 08:24:33 AM |
|
Some countries don't allow bitcoin to be legal and they banned it but others also make it legal and they adopt it. But for me bitcoin legal, they just consider it as illegal because it has no connection with governments and banks. They think that it is just scam. They are afraid that it might affect their power and authority. They don't and support it.
|
[
|
|
|
Protected101
|
|
November 18, 2017, 05:20:10 AM |
|
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.
Yes it is legal because there are some countries who legalize bitcoin they used it all of their payment methods and legalizing its kind of currency in their country it was japan who legalized it.Many country now who wants to implement bitcoin because of its high technology can give and help many people financially.
|
|
|
|
MoonJeina
Sr. Member
Offline
Activity: 652
Merit: 250
Make winning bets on sports with Sportsbet.io!
|
|
November 18, 2017, 03:16:29 PM |
|
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.
Yes , if your country allows you for it the ehy not . Bitcoi's legality changes from place to place and that is why it cannot be said where it can be legal and where it cannot be legal . Moreover , it also highly depends on how you use it , if you have like less than 8 bitcoin , then no one would raise eyebrows but f you have more then that then allegations can be made against you in context to money laundring or darweb.
|
|
|
|
GOT7
|
|
November 19, 2017, 03:56:57 AM |
|
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Some countries have explicitly allowed its uses and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. But as per current news and articles most of the country taking interest in bitcoin. The European Central Bank classifies bitcoin as a convertible decentralized virtual currency. Hope for the best happen with cryptocurrency .
|
|
|
|
Prinox2
Member
Offline
Activity: 182
Merit: 10
|
|
November 19, 2017, 08:08:04 AM |
|
Even when some countries are still accepting bitcoin's legality, bitcoin is being adopted by other numerous countries as a legal-tender for the exchange of goods and services.
|
|
|
|
hispout
|
|
November 20, 2017, 11:01:00 AM |
|
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.
Bitcoin would naturally be in a legal basis. The problem lies with the person who would utilize bitcoins. So if bitcoins was use in dubious deals then that is the time it can be use in illegal means. Also, every country had their own standpoint on how they view bitcoins. Surely, it depends on the mentality of a person who is using bitcoin, if he uses it positively then it can bring many revolutionary changes in the society but if he uses it negatively then in spite of blaming the technology we should blame our own mass. Even in those countries crimes are common where bitcoin is ban, it is not due to bitcoin it is due to the mentality of mass, so governments should educate the mass rather than banning bitcoin
|
|
|
|
liquidX3
Member
Offline
Activity: 224
Merit: 22
|
|
November 20, 2017, 06:39:45 PM |
|
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.
In most countries bitcoin does not have status legally. For example in my country i can use bitcoin but it costs nothing
|
|
|
|
eCrypto
Newbie
Offline
Activity: 39
Merit: 0
|
|
November 21, 2017, 10:04:00 PM |
|
Yes
|
|
|
|
Carmen01
Full Member
Offline
Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
|
|
November 21, 2017, 10:24:34 PM |
|
Its legal that why were here.They authorized bitcoin so we can do post here like the services here in different ways.We can think of scam but the legalization of bitcoin is already happening because we can access this forum.I think you ask legal because the money here is digital yes bitcoin is legal and its continue to grow day by day
|
|
|
|
janah
Member
Offline
Activity: 98
Merit: 10
|
|
November 22, 2017, 12:48:35 PM |
|
To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies
|
|
|
|
Steve991
Newbie
Offline
Activity: 2
Merit: 0
|
|
November 22, 2017, 01:10:40 PM |
|
@Rahul.. But it surely depends on which country you are trading in.. right?
|
|
|
|
Steve991
Newbie
Offline
Activity: 2
Merit: 0
|
|
November 22, 2017, 01:25:30 PM |
|
f course bitcoin is legal because bicoin was like a company place be producing money for some people
Was it really a company? I mean a registered company you trying to say? And for whom were they making money and how? I am so confused
|
|
|
|
play
|
|
November 22, 2017, 01:28:08 PM |
|
Its legal but some people using it in illegal way like buying drugs and weapons. but not sure anyway
|
|
|
|
Lang09
|
|
November 22, 2017, 02:35:09 PM |
|
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.
You're right, that Bitcoin's legitimacy really depends on what we do. If you are using the BTC incorrectly, it becomes illegal in the human eye, But if you use Bitcoin in the right way, you will definitely be in the Cryptocurrency industry.
|
|
|
|
turtoro
|
|
November 22, 2017, 02:39:54 PM |
|
Legality is declared by the state on where are you residing. If they so that bitcoin is legal, then the citizens have to consider it legal. And if the government will tell that bitcoin is illegal, then citizens should flee from bitcoin because they might face criminal offense for supporting it.
|
|
|
|
ramayor
Member
Offline
Activity: 102
Merit: 15
|
|
November 22, 2017, 03:24:25 PM |
|
It is really understandable that people will question about the legality of bitcoin. The relationship between Bitcoin and the law really depends on how the digital currency is being used and who used it. Example legal activity in bitcoin is when you use it to purchase well-natured goods and services. However, those who mine bitcoins and trade them for traditional currency or operate exchanges on which bitcoins are bought and sold are labeled “money transmitters” and could be subject to special laws that govern that type of activity.
|
|
|
|
M_Haris
Member
Offline
Activity: 87
Merit: 10
Cisco Certified Network Professional
|
|
November 22, 2017, 03:30:06 PM |
|
It is just like the fiat currency, it depends on how you use it and for what purpose you use it. Every fiat and concurrency is/are legal till the business or transaction(s) associated with it is/are legal.
|
|
|
|
|
coinstalker23
|
|
December 12, 2017, 08:49:27 AM |
|
It depends on where and what you are going to do or your business do. Selling illegal firearms and illegal drugs through bitcoin are remained illegal wherever you are in the world. Some Asian countries make it legal but some make it illegal.
|
|
|
|
muddychowder
Newbie
Offline
Activity: 9
Merit: 0
|
|
January 11, 2018, 03:39:32 AM |
|
Bitcoin is legal anywhere. As long as you still can purchase and process your Bitcoin for investment or traded, you can still consider it legal and unregulated.
|
|
|
|
rosebrand
|
|
January 11, 2018, 05:30:03 AM |
|
of course legal, sometimes I wonder people are too busy with this problem, for those who do not like bitcoin will always issue arguments arguments against bitcoin, do not worry about it, most importantly we use bitcoin in a good way
|
|
|
|
rhamzter
|
|
January 11, 2018, 10:22:51 AM |
|
Until now bitcoin are not totally legal but it is also not illegal, maybe it was lack of paper who supports to the legality of this crypto in each nation. But I was not lose hope that someday this coin will accept by the government of each country to the whole world. Because digital currencies is more easier to used compared in any other money or currency that circulate in the whole world.
|
|
|
|
Fantina
Newbie
Offline
Activity: 238
Merit: 0
|
|
January 13, 2018, 05:24:37 PM |
|
здpaвcтвyйтe paccкaжитe пpo пpaвoвыe пepcпeктивы в poccийcкoй фeдepaции? чтo бyдeт пoлce пpинятия зaкoнa пo мaйнингy?BTCBTCBTC
|
|
|
|
Lanatsa
|
|
January 13, 2018, 06:19:47 PM |
|
Until now bitcoin are not totally legal but it is also not illegal, maybe it was lack of paper who supports to the legality of this crypto in each nation. But I was not lose hope that someday this coin will accept by the government of each country to the whole world. Because digital currencies is more easier to used compared in any other money or currency that circulate in the whole world.
I don't know if any country would agree with that since Bitcoin is being made to fight the centralized system of the government. Exchanges now are supported by the banks and government and a lot of these exchanges are asking for personal information of the users. It will affect the anonymity of every users since the government is making a move to let everyone to know their identity because Bitcoin is so mainstream in ponzi scheme and scams.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██ ▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀ ▄▄███░░░░░░░░░░░░░░███▄▄ ▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀ ▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄ █░▄▄▄██████▄▄▄░█ █░▀▀████████▀▀░█ █░█▀▄▄▄▄▄▄▄▄██░█ █░█▀████████░█ █░█░██████░█ ▀▄▀▄███▀▄▀ ▄▀▄▀▄▄▄▄▀▄▀▄ ██▀░░░░░░░░▀██ | | | | | | | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄██████▀████░███▄▀██▄ ███░█████████▀██░████░███ ███░████░█▄████▀░████░███ ███░████░███▄████████░███ ▀██▄▀███░█████▄█████▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP FAZE CLAN SSC NAPOLI | | |
|
|
|
BubblySheep
Newbie
Offline
Activity: 30
Merit: 0
|
|
January 13, 2018, 06:21:06 PM |
|
Bitcoin is unregulated, but govts can have it banned from businesses in that way, businesses cannot accept Bitcoin as payment.
|
|
|
|
Phamthuy1960
Newbie
Offline
Activity: 1
Merit: 0
|
|
January 14, 2018, 03:40:31 AM |
|
Bitcoin is legal if you know what services and what tools to use on the network
Yes or NO
|
|
|
|
elramsy
Newbie
Offline
Activity: 98
Merit: 0
|
|
January 14, 2018, 07:02:37 AM |
|
Though the regulatory bodies are seriously worried about bitcoin because of the high volatility index it has possessed in the last few years since it was implemented into the digital world as a digital coin for transaction, also been confirmed that some people use it as an alternative money laundering technics. Nevertheless, bitcoin is very much legal irrespective of your location and the regulatory bodies involved. In US bitcoin is properly regulated.
|
|
|
|
IvyAguas
Jr. Member
Offline
Activity: 69
Merit: 2
|
|
January 16, 2018, 12:21:08 AM |
|
It depends on where you are and how you use it.. in terms of where you are you should know if bitcoin was legal in your country. Usage of bitCoin it is really up to you if you will use it on legal matters
|
|
|
|
jundel
Member
Offline
Activity: 314
Merit: 10
|
|
January 16, 2018, 12:49:29 AM |
|
Bitcoin is naturally legal. For me, it become illegal if used as a method to fund any crime. It is kind of hard to emagine how to identify specific people here and how to locate them if the authority want to catch some.
|
|
|
|
samcrypto
Sr. Member
Offline
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
|
|
January 16, 2018, 01:38:30 AM |
|
Bitcoin is unregulated, but govts can have it banned from businesses in that way, businesses cannot accept Bitcoin as payment.
Depends on your place, in my place people can easily use bitcoin and also some businesses already accepting it. I think in the right time bitcoin will be accepted in so many countries and people will enjoy the benefit of it. Its legal here and hope this thing will happen in the future.
|
|
|
|
CryptoMoonDevil
Jr. Member
Offline
Activity: 61
Merit: 1
|
|
January 16, 2018, 06:20:39 AM |
|
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.
It also depends on which country you live in. China and France are creating quite the stir with their wanting to ban Bitcoin and crackdown on other cryptocurrencies.
|
DeepOnion ⚡ Anonymous & Untraceable Cryptocurrency ⚡ Join DeepOnion Airdrop NOW! ⚡ (https://deeponion.org/apply.php?ref=1363163)
|
|
|
GideonGono
|
|
March 04, 2018, 12:12:27 PM |
|
Well its legal though for some countries , but still there is some countries that still not implementing bitcoin. They see bitcoin as a threat on their economy. Until now bitcoin is still ilegal on some part of asia.
|
|
|
|
XCANA
|
|
March 04, 2018, 04:19:36 PM |
|
The legality of Bitcoin and other crypto currency depends on who you ask and from which country the person who you asked live. That is the only condition or way in which you will get to know as to whether Bitcoin is legal or illegal.
|
|
|
|
cryptohunterSL
Newbie
Offline
Activity: 53
Merit: 0
|
|
March 06, 2018, 09:01:17 PM |
|
Very few countries have gone as far as to declare bitcoin illegal. That does not, however, mean that bitcoin is "legal tender" - so far, only Japan has gone as far as to give bitcoin that designation. However, just because something isn't legal tender, does not mean that it cannot be used for payment - it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.
|
|
|
|
santafewarrior1980
Jr. Member
Offline
Activity: 179
Merit: 1
|
|
March 06, 2018, 10:11:08 PM |
|
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.
Not all countries legalize bitcoin that is why until now bitcoin transaction is not regulated by the government.
|
█ █ █████████ BITGOALS █████████ █ █ SPORT TOKEN PROTOCOL: REWARDS FOR SPORT ACTIVITIES https://bitgoals.com
|
|
|
valintino7
Newbie
Offline
Activity: 210
Merit: 0
|
|
March 07, 2018, 07:41:10 AM |
|
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.
If in my country Bitcoin is not yet legalized, but the Government in my country still allow its citizens to have Bitcoin and only prohibit it to be used as a transaction tool. So Bitcoin is still legit in my country.
|
|
|
|
leonora galvan
Member
Offline
Activity: 182
Merit: 10
|
|
March 07, 2018, 01:53:43 PM |
|
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.
yes...it is based in our category that if our government will agree for bitcoin then that's the time that bitcoin will become legal,and all of us we must support bitcoin for good.there are so many people who trust bitcoin and we have to tell them to trust bitcoin and we have to support it.
|
|
|
|
hacekd
Member
Offline
Activity: 294
Merit: 12
|
|
March 07, 2018, 02:08:19 PM |
|
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.
Every day, Bitcoin respondents in the world are also actively using or checking their Bitcoin (52.9 percent). Very few rarely check his Bitcoin (18.8 percent). Although quite a few believe and use Bitcoin, this currency has not gained recognition and permission from other countries. If Bitcoin gets permission, an estimated 88.8 percent of respondents will buy more Bitcoin
|
|
|
|
mdzakkia
Newbie
Offline
Activity: 9
Merit: 0
|
|
March 07, 2018, 02:19:34 PM |
|
each country say that bitcoin is illegal for transaction, but they ignore if bitcoin use for investation
|
|
|
|
BUK2016
|
|
March 07, 2018, 03:03:24 PM |
|
The question of whether bitcoin is legal or not legal depends on who ask and the country you are trying to refer the issue of legality to , and that is the way will get the answer whether bitcoin is legal or illegal.
|
|
|
|
burner2014
|
|
March 07, 2018, 03:05:06 PM |
|
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.
If in my country Bitcoin is not yet legalized, but the Government in my country still allow its citizens to have Bitcoin and only prohibit it to be used as a transaction tool. So Bitcoin is still legit in my country. Here it is considered legal because there is no regulation stating that it is illegal, so we are free to do what we want for as long as we are not fooling people to do investment in it, or to make an investment scam because we do have law regulated for the protection of everyone especially investors.
|
|
|
|
jhongzjhong
Full Member
Offline
Activity: 798
Merit: 109
https://bmy.guide
|
|
March 07, 2018, 03:18:37 PM |
|
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.
If in my country Bitcoin is not yet legalized, but the Government in my country still allow its citizens to have Bitcoin and only prohibit it to be used as a transaction tool. So Bitcoin is still legit in my country. Here it is considered legal because there is no regulation stating that it is illegal, so we are free to do what we want for as long as we are not fooling people to do investment in it, or to make an investment scam because we do have law regulated for the protection of everyone especially investors. The same as here, since our country recognized bitcoin from our Central Bank as one of a currency payment and making a transaction as a virtual money we all concluded that bitcoin is not illegal here besides many people now embracing bitcoin because of the asset of bitcoin being profitable when you invested. But fooling people was really prohibited here and have a punishment when you are being caught and have strong evidence on you and that is part of cybercrime law and money laundering.
|
|
|
|
cryptohunterSL
Newbie
Offline
Activity: 53
Merit: 0
|
|
March 07, 2018, 04:12:02 PM |
|
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.
|
|
|
|
Ahiaba
|
|
March 08, 2018, 09:42:26 PM |
|
Bitcoin and crypto currency in general is legal in some country and illegal in some other countries. So all depends on the country you are trying to refer the issues of whether is legal to, although the numbers of country that accept crypto currency as a legal tender is insignificant.
|
|
|
|
Edraket31
|
|
March 09, 2018, 04:58:38 PM |
|
Bitcoin and crypto currency in general is legal in some country and illegal in some other countries. So all depends on the country you are trying to refer the issues of whether is legal to, although the numbers of country that accept crypto currency as a legal tender is insignificant.
It is considered legal to some countries because there is tax regulated on it, but also a lot of countries are banning it due to different reasons some just like China does not want this thing because they planned to have their own which they want Chinese to invest at and not in bitcoin, some still thinks that it was just a scam.
|
|
|
|
cherry yu
Full Member
Offline
Activity: 284
Merit: 100
Vertex.Market, the World's First ICO Aftermarket
|
|
March 11, 2018, 01:53:34 PM |
|
some country yes, but mostly not. its depends on what country you live because in every country has different ways on how they accept bitcoin. number of countries dont make bitcoin as legal but they are open minded about cryptocurrency. they dont banned bitcoin as long it will not use in a crime.
|
|
|
|
titu5
Newbie
Offline
Activity: 6
Merit: 0
|
|
March 11, 2018, 01:58:01 PM |
|
bitcoin is legal in major countries.
|
|
|
|
vanslyien
Newbie
Offline
Activity: 70
Merit: 0
|
|
March 11, 2018, 02:17:38 PM |
|
Bitcoin is legal. Here in philippines, the central bank do not endorse cryptocurrencies such as bitcoin, yet they regulate cryptocurrency when used for financial services. Businesses are allowed to do virtual currency exchange provided that they will follow the guidelines set forth by the central bank of the philippines. These guidelines was enforced to manage the risk involved with cryptocurrencies.
|
|
|
|
Fantastic33
Member
Offline
Activity: 308
Merit: 12
|
|
March 11, 2018, 02:39:43 PM |
|
Yes it is legal, however, some government doesnt allow crypto exchanges in their country. There are some countries who already banned cryptos because of the financial risk that it can cause to its holders and users because they believe that these cryptos can be used on illegal activities. Every country have their own regulations when it comes to crypto use and exchange.
|
|
|
|
Elsonbol
|
|
April 16, 2018, 12:23:12 PM |
|
bitcoin is of interest to law enforcement agencies, tax authorities and also legal department of the country, all of them try to understand how the cryptocurrency fits into the existing legislative framework. the legality of bitcoin of activity will depend on the one who you are, where do you live, and that, what are you doing with bitcoin.
|
|
|
|
chichibano
Newbie
Offline
Activity: 15
Merit: 0
|
|
April 16, 2018, 01:07:45 PM |
|
Bitcoin is legal but some other people do something to make it illegal.
|
|
|
|
NavishaKhairin
Newbie
Offline
Activity: 121
Merit: 0
|
|
April 16, 2018, 04:58:41 PM |
|
Bitcoin is legal but some other people do something to make it illegal.
yess, recently Bitcoin in my country is legalkan, but some others could have done something to make it illegal. suppose in a cheating and fast way
|
|
|
|
onrise
|
|
April 16, 2018, 05:57:40 PM |
|
bitcoin is legal in major countries.
In major countries bitcoin is still in the dilemma stage as their is no clear guidelines being stated if they have banned it or accepted it. They still are figuring out if should be allowing it completely or should bring under some regulation so that they can control to an extent.
|
|
|
|
███████████████████████████ ███████████████████████████ ████████▀ ▀████████ ███████ ███████ ███████ ███████ ██████▀ ▀██████ █████▄ ▄██▄ ▄█████ ██████████▀▀███████████████ ████▀▄██▀ ▀ ▀██▀██▄▀████ ████ ▀ ▀ ████ █████▄▄ ▄███▄ ▄▄█████ ███████████████████████████ ███████████████████████████ | CHIPS | | | | | ! | ▄▄▀▀▀█████████▄▄ ██▄███████████████ █▄████████████████ ██████████████████ ▄█▀▀▀██████████████▄ █▄▄██████████████████ ▀█████▀██████▀ ▄▀███▀ ▄███ ▀▀███▀ ▄▀▄███▄ ███████████▀▄██████ ▄█████████████████▄ ▀█████████████████▀ ▀██████ ▄ ████▀▀ ▄▄██████ ███ ██████▄▄ | $100,000 EVENT | ! | | The Ultimate Crypto Casino 9 CRYPTOCURRENCIES | | | | ▄█████████████▄ ▄▄▄ █████████████████ █████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀███▀ ▄███████████████████▄ ▄ ███▀ ▀███ █ ███ ▐██▌ ███ ▐██▌ ███ █ ███ ▐██▌ ███ ▐██▌ ███ ▀▀▀ ███▄ ▄███ ▀███████████████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ███████████▀▀▀███ ███████████▄▄▄███ ▀███████████████▀ | │ │ │ | | | | | | ▄███████████▄ ██ █████████ ██ █████████ █████▀ ▀█████ █████▄ ████ ▄█▄ ████ ██████ ████ ▀█▀ ████ ██████ █████▄ ▄█████ ██████ █████████ ██ ██████ █████████ ██ ██████ ▀███████████▀ ██████ ▄▄▄▄▄▄███████ █████████████ ▀███████████▀ | │ │ │ | | | | | | | │ │ │ | |
|
|
|
sheenshane
Legendary
Offline
Activity: 2408
Merit: 1215
Cashback 15%
|
|
April 16, 2018, 08:16:37 PM |
|
bitcoin is legal in major countries.
In major countries bitcoin is still in the dilemma stage as their is no clear guidelines being stated if they have banned it or accepted it. They still are figuring out if should be allowing it completely or should bring under some regulation so that they can control to an extent. Agreed with you mate just like here our country they did not put any law regarding cryptocurrencies besides they are recognized bitcoin as a kind of payments method that using blockchain technology. And they warn people just be aware that it is may lead to a possible scam. So, not all countries are the same policy regarding bitcoin.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
ronealdenila
Copper Member
Jr. Member
Offline
Activity: 191
Merit: 1
Telegram Username: @Webn_BountyManager
|
|
April 17, 2018, 04:46:19 AM |
|
Well for me its really legal. Because according to the U.S. Treasury Department’s Financial Crimes Enforcement Network, as of 2013, using bitcoin to purchase well-natured goods and services is not illegal. However, those who mine bitcoins and trade them for traditional currency or operate exchanges on which bitcoins are being transmitted by money and could be a subject to special laws that govern that type of action. Bitcoin is the future fellas
|
Offers affordable and well-managed Bounty Campaign
|
|
|
lira01
Newbie
Offline
Activity: 23
Merit: 0
|
|
April 17, 2018, 06:46:34 AM |
|
Yes, It is
|
|
|
|
MLBBPLG
Newbie
Offline
Activity: 154
Merit: 0
|
|
April 17, 2018, 01:18:39 PM |
|
for people who have jumped into bitcoin means he already think bitcoin is legal If we talk about the country they live in, does their country bother the bitcoin for them?
|
|
|
|
Meysa_richa
Member
Offline
Activity: 458
Merit: 10
|
|
April 22, 2018, 12:08:43 PM |
|
For now only the Japanese government is legalizing bitcoin, and broadly speaking bitcoin is not really a matter of legal status or not, but every country has its own opinion about bitcoin.
|
|
|
|
Suharti12
Member
Offline
Activity: 350
Merit: 10
|
|
April 22, 2018, 12:28:36 PM |
|
To date only Japanese countries have legalized bitcoin, and in my country have not legalized yet, and I expect bitcoin to be legal in every country.
|
|
|
|
C. Bergmann
|
|
April 22, 2018, 04:33:01 PM |
|
Still there are some countries that aren't implementing bitcoins , such as my state which is philippines still the government are debating and setting up some regulation on implementing bitcoin , well us filipinos are looking forward to be legalize bitcoin , sooner or later though , can't wait.
|
| Gabro | | ███ ███ ███ ███ ███ ███ ███ ███ ███ ███ ███ ███ | | | | ███ ███ ███ ███ ███ ███ ███ ███ ███ ███ ███ ███ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ WHITEPAPER ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ TOKEN SALES ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ |
|
|
|
Vektrum
Member
Offline
Activity: 420
Merit: 14
|
|
April 28, 2018, 05:16:11 PM |
|
We can assume that if bitcoin is not banned in your country of residence, then it is legitimate. In most countries there is a rule fixed in civil codes that if a transaction is not directly prohibited, then it is legal, that is, there is a presumption of legitimacy of transactions. From this it follows that if bitcoin and other crypto currency are not yet legalized in your country, they should be considered void.
|
|
|
|
paresh nakar
Newbie
Offline
Activity: 21
Merit: 0
|
|
April 28, 2018, 06:40:39 PM |
|
The bitcoin is legal but some countries government are not prove that they said if you own it is your risk but i thought bitcoin is legal.
|
|
|
|
qwerty12
Jr. Member
Offline
Activity: 313
Merit: 1
|
|
April 28, 2018, 07:42:01 PM |
|
Is bitcoin legal? I think this question has a different answer. because the legality of bitcoin differs in every country.
Bitcoin is legal, of course, but in a country that has fully regulated bitcoin and received bitcoin. but, bitcoin can also be illegal in a country that has banned bitcoin.
|
|
|
|
hotimbineh
|
|
April 28, 2018, 10:18:14 PM |
|
Is bitcoin legal? I think this question has a different answer. because the legality of bitcoin differs in every country.
Bitcoin is legal, of course, but in a country that has fully regulated bitcoin and received bitcoin. but, bitcoin can also be illegal in a country that has banned bitcoin.
you are right, because ligal or illegal depending on each country as we know in this world there are three categories of state law for bitcoin 1, ligal for countries receiving bitcoin 2, illegal for a country that forbids bitcoin 3, neutral for countries that do not prohibit bitcoin transactions and the government does not regulate all bitcoin issues
|
|
|
|
renz0
Newbie
Offline
Activity: 140
Merit: 0
|
|
April 29, 2018, 07:59:23 AM |
|
Here in our country, bitcoin and cryptocurrencies are already exposed in the news and television which only shows that this thing is already legal.Legally accepted but not under the jurisdiction of the government because it is not yet regulated.I am saying that it's legal since we can easily convert our fiat money from a wallet into BTC anytime and vice versa as long as we have the internet connection.
|
|
|
|
imsotiredofmoviereboots
|
|
April 30, 2018, 08:54:42 AM |
|
It's legal here in my country and I strongly believe that it will stay at that way. Our government just warn us about scams involving it and be aware of anything that is highly suspected as a form of fraud.
|
|
|
|
Midesiz
Member
Offline
Activity: 378
Merit: 20
|
|
April 30, 2018, 12:33:20 PM |
|
I don't know bitcoin legal is. But I am sure bitcoin is not illegal. Bitcoin is in gray area. İt is not in the white or black area.
|
|
|
|
Maxxbill
Copper Member
Newbie
Offline
Activity: 85
Merit: 0
|
|
April 30, 2018, 12:39:14 PM |
|
The Central Bank of Jordan prohibits banks, currency exchanges, financial companies, and payment service companies from dealing in bitcoins or other digital currencies. While it warned the public of risks of bitcoins, and that they are not legal tender, bitcoins are still accepted by small businesses and merchants.
|
|
|
|
Tigorss
Member
Offline
Activity: 308
Merit: 10
|
|
April 30, 2018, 01:38:05 PM |
|
in some countries is legal for bitcoin and there are some countries as well that are not yet legalized bitcoin or even will not legalize bitcoin, in some countries that still not legal still there are citizens who use bitcoin. indeed bitcoin has spread almost to the world.
|
|
|
|
Ricardo_Garcia
Newbie
Offline
Activity: 3
Merit: 0
|
|
April 30, 2018, 03:23:46 PM |
|
I believe that if it is legal
|
|
|
|
david_019
Member
Offline
Activity: 256
Merit: 10
|
|
April 30, 2018, 05:06:24 PM |
|
Is bitcoin legal? I think this question has a different answer. because the legality of bitcoin differs in every country.
Bitcoin is legal, of course, but in a country that has fully regulated bitcoin and received bitcoin. but, bitcoin can also be illegal in a country that has banned bitcoin.
you are right, because ligal or illegal depending on each country as we know in this world there are three categories of state law for bitcoin 1, ligal for countries receiving bitcoin 2, illegal for a country that forbids bitcoin 3, neutral for countries that do not prohibit bitcoin transactions and the government does not regulate all bitcoin issues If btc is illegal in a country maybe because the government is just paranoid of the traditional system, a die hard fanatic of old or maybe because government think that bitcoin is a threat in their economy or even to their corrupt practices since bitcoin is decentralized. And if it is legal government knows how to manage the potential of btc to their country. And if it is not legal or illegal that means that hibernate just watch for every possibility.
|
|
|
|
pareshnakar
Jr. Member
Offline
Activity: 266
Merit: 1
|
|
May 03, 2018, 07:38:14 AM |
|
I thought is legal but some are country says its your own risk to buy profit and loss its depend on you.
|
MEXC Português | Trade Anywhere with the MEXC App █▄▄▄▄▄▄▄▄▄▄▄▄ MEXC.com ▄▄▄▄▄▄▄▄▄▄▄▄█
|
|
|
ricebit7
Newbie
Offline
Activity: 101
Merit: 0
|
|
May 04, 2018, 09:11:44 AM |
|
I think It’s legal or illegal depends on from where you earn it and where you going to spend it. If you believe or other than that if you have an internet connection bitcoin is legal.
|
|
|
|
ariaalex
Newbie
Offline
Activity: 196
Merit: 0
|
|
May 05, 2018, 09:16:28 PM |
|
yes its legal..but its depend on you where you live..some countries banned bitcoin..if you use it for buy good product..its legal...but if you use it for bad things..its illigal.
|
|
|
|
cryptorocket84
Newbie
Offline
Activity: 104
Merit: 0
|
|
May 07, 2018, 06:25:59 AM |
|
The legality of anything bitcoin as a case study is dependent on the persons using it, To my own opinion i think it is legal reasons because most countries use it for the purpose of transaction. It's just like when some will say a countries currency is illegal and the people living in that country still use it for the exchange of goods and services.
|
|
|
|
Cepot
Member
Offline
Activity: 243
Merit: 10
|
|
May 07, 2018, 01:18:52 PM |
|
I think bitcoin is still illegal, because there is no official legality from governments around the world, but legal or illegal is not important to me the most important...
|
|
|
|
DeadCoin
Sr. Member
Offline
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
|
|
May 07, 2018, 06:39:51 PM Last edit: May 07, 2018, 07:04:29 PM by DeadCoin |
|
Why should a currency be considered as legal or illegal. It depends on one who uses it. If any currency is used black money then obviously it’s not an legal move from the individual. It’s not that the currency is illegal. Its categorized as illegal as the authority who owns local currency do not want any other currency to lead and cause its local currency gain low value. This is completely a competition. As long as the currency supports my life, I would support it.
|
|
|
|
nebuch
Member
Offline
Activity: 588
Merit: 11
|
|
May 08, 2018, 03:13:42 PM |
|
Who you are and what your doing with it is not the basis to make bitcoin legal. It is more about what the majority gain rather self interest and self family centered. One or two or even 10 families aren't the reason to make bitcoin legal in the society. It is all about the people's choice whether they accept or not bitcoin or maybe crypto in their areas of responsibility. I do believeed government who already decided to make crypto legal in their area was the more advantages for the people than disadvantages.
|
|
|
|
Eleven86
Member
Offline
Activity: 364
Merit: 10
|
|
May 08, 2018, 08:58:34 PM |
|
It depends upon the country you resides. Some countries banned bitcoin because people use bitcoin for legal purpose and at the same for illegal purpose.
|
|
|
|
DeadCoin
Sr. Member
Offline
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
|
|
May 08, 2018, 11:39:51 PM |
|
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.
Its not legal or illegal in my country. They have not yet announced anything on this, but the RBI authority has informed all the exchanged not deal with any crypto currencies transactions. They have given 3 months’ time to eradicate the current deals with crypto currencies. But many including the exchanges have filed a case against RBI and now its under progress. Hope, the exchanges win the battle and crypto gets accepted by the government.
|
|
|
|
senin
|
|
May 09, 2018, 03:58:14 AM |
|
Bitcoin should be considered legal in any country until it is banned. As a general rule, every person can engage in all types of entrepreneurial activities until such activities are officially recognized as illegal, that is, there is a presumption of legitimacy of transactions. In any case, so says the legislation of my country. Since in my country the legislature has not yet considered the bill on the crypto currency, the activity with it should be considered legitimate.
|
|
|
|
jerix
Newbie
Offline
Activity: 168
Merit: 0
|
|
May 09, 2018, 07:23:40 AM |
|
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 cannot be said legal at all. Because I live in a country that has not legalized Bitcoin and is still very limited to use Bitcoin. But at least though I still use Bitcoin, the Government does not punish me and I'm safe to use Bitcoin all this time.
|
|
|
|
marielbeckham
Newbie
Offline
Activity: 185
Merit: 0
|
|
May 09, 2018, 09:28:18 AM |
|
I guess it is connected directly with the country you live in.
|
|
|
|
iNewman125
Newbie
Offline
Activity: 2
Merit: 0
|
|
May 10, 2018, 04:56:05 AM |
|
I guess it is connected directly with the country you live in.
In Russia this not so popular, but legal and profit)
|
|
|
|
ipanks
|
|
May 10, 2018, 07:18:17 AM |
|
we know that after G20 summit, 15 country gives their statement about bitcoin is legal and the rest of that country is restricted or abstain. I think soon, there will be many countries that will give a statement about bitcoin is legal so people can use bitcoin without worry and they can earn money from bitcoin like we did.
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
auliasilvana
Jr. Member
Offline
Activity: 196
Merit: 1
EndChain - Complete Logistical Solution
|
|
May 11, 2018, 09:28:31 AM |
|
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.
I consider Bitcoin legal and do not cause big problems if I use Bitcoin in terms of work and my investment assets. But the Government in my country has not yet authorized Bitcoin but it is still allowed to use Bitcoin although not free. As long as I do with Bitcoin are positive things that bring good impact, I will continue to use and maintain Bitcoin in my life.
|
EndChain - Complete logistical solution for all markets and supply chains ICO Start: Dec 1, 2018 (https://endchain.io/)
|
|
|
nguyenminh72
Newbie
Offline
Activity: 10
Merit: 0
|
|
May 11, 2018, 09:43:54 AM |
|
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
|
|
|
|
btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
|
|
May 11, 2018, 02:57:05 PM |
|
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
Unfortunately my government still against with bitcoin but I'm still able use bitcoin with my own risk. It's reasonable since my government are afraid with bitcoin value especially when dollar getting advance and push down my fiat value !
|
|
|
|
mobireal
Jr. Member
Offline
Activity: 182
Merit: 2
|
|
May 11, 2018, 05:38:31 PM |
|
For me its legal.. I don't no why some country take it as an illegal project
|
|
|
|
alon_alon
Jr. Member
Offline
Activity: 196
Merit: 1
|
|
May 12, 2018, 04:05:23 AM |
|
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.
Bitcoin is legal to me but not to my country. The government still considers Bitcoin illegal and has not yet legalized it. I do not know how long the Government wants to consider Bitcoin legal and free to use in my country. I always use Bitcoin in a positive way. But I always hope that soon the Government will legalize Bitcoin.
|
|
|
|
Beldon
Member
Offline
Activity: 378
Merit: 10
|
|
May 12, 2018, 06:49:20 AM |
|
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.
Legal in what way was it? If for investment assets of course Bitcoin legal but if for tool Bitcoin transaction not yet legal in my country. The government in my country does not want it if people use Bitcoin as their transaction tool. Because the Government does not want if its citizens more switch to Bitcoin than the currency of the country.
|
|
|
|
dongosquad
|
|
May 12, 2018, 05:24:13 PM |
|
~~
Legal in what way was it? If for investment assets of course Bitcoin legal but if for tool Bitcoin transaction not yet legal in my country. The government in my country does not want it if people use Bitcoin as their transaction tool. Because the Government does not want if its citizens more switch to Bitcoin than the currency of the country. Each country has its own policies. So, some are legalized and some are not. It must be more specific, whether for investment or commodity or as a means of payment. It needs to be well understood.
|
|
|
|
Kambal2000
|
|
May 12, 2018, 06:29:29 PM |
|
~~
Legal in what way was it? If for investment assets of course Bitcoin legal but if for tool Bitcoin transaction not yet legal in my country. The government in my country does not want it if people use Bitcoin as their transaction tool. Because the Government does not want if its citizens more switch to Bitcoin than the currency of the country. Each country has its own policies. So, some are legalized and some are not. It must be more specific, whether for investment or commodity or as a means of payment. It needs to be well understood. It depends on the country since a lot of countries accepts bitcoin and a lot also banned it a lot still not sure since they are allowing their people for this but they don't want to tolerate while they are still in the process of evaluating it, so if that is the case in your country just continue to contribute to the btc community so that the government could see the good outcome.
|
|
|
|
DeadCoin
Sr. Member
Offline
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
|
|
May 15, 2018, 07:39:57 PM |
|
Bitcoin legality is depends upon the country which you resides. Because in some countries bitcoin annouced as legal. At the same time some countries banned the bitcoin in their country. In my country bitcoin os neither legal nor illegal. But people bitcoin for their basic needs. It would give life to many people. We yse it bitcoin for legal purpose then there is no issues. Same time if we use it for illegal means it should be consider as illegal. If government accepts bitcoin it will gain more profit.
|
|
|
|
BTCeminjas
Member
Offline
Activity: 322
Merit: 23
|
|
May 15, 2018, 08:45:40 PM |
|
Bitcoin legality is depends upon the country which you resides. Because in some countries bitcoin annouced as legal. At the same time some countries banned the bitcoin in their country. In my country bitcoin os neither legal nor illegal. But people bitcoin for their basic needs. It would give life to many people. We yse it bitcoin for legal purpose then there is no issues. Same time if we use it for illegal means it should be consider as illegal. If government accepts bitcoin it will gain more profit.
You could not consider as all are using it for legal purposes, there are some people who did not use bitcoin for legal that the reason some countries are keep refusing bitcoin they afraid of this for illegal activities. Well, here in my country we are still lucky bitcoin is not illegal but not declare as a legal, government is neutrality of bitcoin because they know that there are many people who got benefits on the state of the country. Besides here bitcoin was recognized as a part of currency that pays bills.
|
|
|
|
labhsikh123
Newbie
Offline
Activity: 126
Merit: 0
|
|
May 16, 2018, 07:29:35 AM |
|
It is legal mostly countries and transactions is held with bitcoin.
|
|
|
|
cryptorocket84
Newbie
Offline
Activity: 104
Merit: 0
|
|
May 16, 2018, 03:26:49 PM |
|
The legality of Bitcoin depends on the country in question. In China it is illegal while in some countries it is legal. Bitcoin, in my country it is not illegal. The only hitches Bitcoin face is that most populace do not know about it.
|
|
|
|
Magic Sarap
Member
Offline
Activity: 350
Merit: 14
|
|
May 16, 2018, 05:30:00 PM |
|
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.
If your country accept so you can surely say that bitcoin is legal but just only to your country! If one country don't accept it you surely say that it's illegal!
|
|
|
|
chara78
Newbie
Offline
Activity: 46
Merit: 0
|
|
May 18, 2018, 10:18:37 PM |
|
in some countries there are already legalized Bitcoin as payment transactions, but there are some countries also that have not legalized Bitcoin. Hopefully the future of Bitcoin can be recognized in all countries and be used as a legal means of payment.
|
|
|
|
maarx
|
|
May 19, 2018, 05:23:06 PM |
|
It depends upon the country which you resides. In india it is neither legal nor illegal. People here are using bitcoin and local exchanges done transactions. People earn through bitcoin, if it is used for legal then there is no problem. Government is in neutral stage, it is not announced as completely illegal. At the same some countries accept bitcoin, this would make a change to other countries also in future.
|
|
|
|
Sensus.Network
Newbie
Offline
Activity: 14
Merit: 0
|
|
May 21, 2018, 05:36:03 AM |
|
It depends upon your jurisdiction , state and center laws .
|
|
|
|
xyxyrizcah
Newbie
Offline
Activity: 39
Merit: 0
|
|
May 21, 2018, 01:50:45 PM |
|
I think bitcoin is legal because it is very good for economics
|
|
|
|
Blondy12
|
|
May 21, 2018, 02:10:10 PM |
|
It depends on what country you are belong with mate. There are countries that banned or made bitcoin as illegal. So if you belong in those countries then you are prohibited to use bitcoin or still you can but just be careful not to be caught. I live in a country where bitcoin is not an issue and we also have a local wallet in which we able to convert our btc unto cash in just a second. Though the establishment that accepts btc is not that plenty yet but it will be in the near future i guess.
|
|
|
|
Farahtenan
Member
Offline
Activity: 420
Merit: 10
|
|
May 23, 2018, 07:04:59 AM |
|
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.
Bitcoin has not been legalized in my country but I still use Bitcoin as my investment asset. In my country Bitcoin is only prohibited as a transaction tool. I also use Bitcoin for positive things and do not harm any side.
|
|
|
|
iNewman125
Newbie
Offline
Activity: 2
Merit: 0
|
|
May 23, 2018, 07:39:58 AM |
|
I think bitcoin is legal because it is very good for economics
First off all, we can make money by yourself and this is very profit.
|
|
|
|
LegendzX
Newbie
Offline
Activity: 62
Merit: 0
|
|
May 23, 2018, 11:06:30 AM |
|
In some bitcoin is illegal, in some it is not, and in some other countries it is neither legal nor illegal.
|
|
|
|
ashley_49
Newbie
Offline
Activity: 154
Merit: 0
|
|
May 23, 2018, 11:18:04 PM |
|
It depends on where you are from.If you are from a country where no law against bitcoin then it's legal.
|
|
|
|
ruthbabe
|
|
May 24, 2018, 12:40:03 AM Last edit: July 05, 2018, 04:15:04 PM by ruthbabe |
|
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.
Yes. But its legality or the use of bitcoin varies from country to country, and it depends on the laws passed by the government of each country.
|
|
|
|
Ivandvanko
Newbie
Offline
Activity: 46
Merit: 0
|
|
May 24, 2018, 01:36:54 AM |
|
in many countries bitcoin and crypto currency are not prohibited, except for some countries. but so far the majority is in our favor. what is the use of prohibiting progress.
|
|
|
|
Carrelmae10
Member
Offline
Activity: 588
Merit: 10
|
|
May 24, 2018, 05:07:32 AM |
|
...as far as i know,,bitcoin is legal..many countries uses bitcoin as mode payment..bitcoin is anywhere..maybe the legality of bitcoin will going to depend on how you use it..some countries declare it as illegal because people use it in illegal and worst transactions..
|
|
|
|
Sandeep24
Newbie
Offline
Activity: 140
Merit: 0
|
|
May 24, 2018, 06:15:53 AM |
|
Ofcourse it is legal. Bitcoin is a legal tender in several countries.
|
|
|
|
Slipknot79
|
|
May 24, 2018, 08:12:50 AM |
|
Yes, Bitcoin is legal is certain countries in fact it is legal in most countries around the world that I am certain in the future all countries will legalize bitcoin because of it's over powering force to the economy
|
|
|
|
jonaire99
Member
Offline
Activity: 588
Merit: 11
|
|
June 27, 2018, 04:36:07 AM |
|
In some bitcoin is illegal, in some it is not, and in some other countries it is neither legal nor illegal.
Some countries' central banks approved the use of bitcoin for remittance purposes because it is faster and more convenience to use. But they did not still approved any cryptocurrency to be use as a mode of payment. This is maybe their own first step in legalizing cryptocurrencies because they are still wary of bitcoin possible effects on their local economy.
|
|
|
|
The best one
Newbie
Offline
Activity: 168
Merit: 0
|
|
June 27, 2018, 05:36:30 AM |
|
I think as my knowledge, Bitcoin has not been declared illegal in most countries. Although there are some countries such as Argentina and Russia that some countries prohibit foreign currency. Other countries are such as Thailand restrict certain currency entity entities such as Bitcoin exchange. Some policy makers are from various countries are making steps to provide individuals and businesses with regulation on how to integrate this new technology with the rules of the formal financial system. For example, the Financial Crimes Enforcement Network (Fin CEN), a bureau at the US Treasury Department, publishes a freelance guide on how the governments handle certain virtual currency-related activities. if we know clearly please see in https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country thank you.
|
|
|
|
Greenkarki
Member
Offline
Activity: 420
Merit: 19
|
|
June 27, 2018, 09:25:59 AM |
|
Bitcoin is neither legal nor illegal or banned, it depends upon the country which you resides. In my country it is neither legal but nt banned. Just RBI in our country ask to stop the account of the person who deals with the bitcoin transaction. But traders are done bitcoin trading in our country. So still it is legal. Many countries now accept bitcoin as legal.a
|
|
|
|
ahiaba.john@yahoo.com
Member
Offline
Activity: 365
Merit: 10
|
|
June 27, 2018, 09:45:00 AM |
|
I do not agree with that "the legality of bitcoin depend on who you are". Bitcoin legality depend on each nation's laws but not on any individual. Bitcoin is greater than any individual no matter who the person is. And therefore the legality do not depend the individual whether good or bad, intelligent or not intelligent, rich or poor and so on.
|
|
|
|
jaocoincrypto18
|
|
June 28, 2018, 01:51:24 AM |
|
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.
I think the legality will not depend on us like if we will use it in legal and illegal activities but it will fully depend of the nation or the government as the lead rule on how the Bitcoin will be use. If the government will declare it legal then of course regulation will be strictly to be implemented to prevent us of using it illegally. If the government will declared it illegal then for sure no one can use it either in legal and illegal means.
|
|
|
|
Aleh777
|
|
June 28, 2018, 11:29:45 AM |
|
The legality of bitcoin depends upon the country which you resides. Because so many countries now announced bitcoin as illegal. At the same time some countries accepted bitcoin as legal. Few countries allowed to use bitcoin with some limitations they put some rules to use bitcoin. Due to its massive growth and popularity soon all the countries accept bitcoin as legal in future.
|
|
|
|
Firefox07
|
|
June 28, 2018, 01:37:54 PM |
|
I don't know what is the status of bitcoin here in our country. Our government is not telling us if bitcoin is illehal or not. But other countries are making bitcoin legal in their place.
|
|
|
|
florapez777
Newbie
Offline
Activity: 48
Merit: 0
|
|
June 28, 2018, 03:13:17 PM |
|
It is as much legal as USD is legal. USD was biggest scam at all, but nobody seems to care about it. And now they call BTC scam, which doesn't print more BTC like USD does.
|
|
|
|
ahmadbhatti
Newbie
Offline
Activity: 28
Merit: 0
|
|
July 04, 2018, 02:15:44 PM |
|
Bitcoin is legal. There is many countries use Bitcoin as legal currency
|
|
|
|
billknight
Jr. Member
Offline
Activity: 197
Merit: 1
|
|
July 04, 2018, 08:57:45 PM |
|
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.
My opinion: Bitcoin is legal. Because bitcoin is just a kind of virtual currency used to pay for items on the internet. The government has mistakenly thought about bitcoin when thinking that bitcoin was used by terrorists
|
|
|
|
yurekaa
|
|
July 05, 2018, 04:35:20 AM |
|
It is true. legal or not bitcoin depends on the user and the owner. if we use according to the rules of trade law in our own country then all activities involving bitcoin will not violate the law and will not be prohibited. so let's use bitcoin or altcoin wisely without abusing it.
|
|
|
|
ifyc2
Newbie
Offline
Activity: 9
Merit: 0
|
|
July 05, 2018, 08:45:12 AM |
|
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
|
|
|
|
Slipknot79
|
|
July 05, 2018, 09:29:33 AM |
|
Bitcoin is a legal crypto currency depending on which country its being used. Some countries have their own rules
|
|
|
|
argus312
Jr. Member
Offline
Activity: 168
Merit: 1
|
|
July 05, 2018, 10:34:47 AM |
|
If you take into account that bitkoin is not prohibited by law and does not conduct any illegal turnover, then it is legal!
|
|
|
|
ruthbabe
|
|
July 05, 2018, 04:25:43 PM |
|
~snip 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.
What are those categories, OP? Anyways, going to your subject, "Is Bitcoin Legal?" Yes, it is. And I think it depends on where you are or where you live, and what you wish to do with it. Currently, there are around 70 countries and territories in the world where the status of Bitcoin is legal, although it's not regarded as currency. http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
|
|
|
|
chadrs
Newbie
Offline
Activity: 20
Merit: 0
|
|
July 07, 2018, 10:00:00 AM |
|
it is legal... but illegal in some countries because of people uses it for money laundering and other fraudful act.
|
|
|
|
bajigur894784
Member
Offline
Activity: 350
Merit: 10
|
|
July 07, 2018, 04:46:36 PM |
|
If it speaks of legality, it refers to the rules of every country, because although some states have declared bitcoin is legal, Bitcoin has not been declared legal in most countries. there are some countries that strictly prohibit this cryptocurrency.
|
|
|
|
Ricardo123
Newbie
Offline
Activity: 5
Merit: 0
|
|
July 07, 2018, 05:04:44 PM |
|
aqui no Brasil a briga contro bancários esta apenas no começo, mais o bitcoin e universal e não tem como parar esse maravilhosa moeda.
|
|
|
|
traderethereum
|
|
July 08, 2018, 09:33:50 AM |
|
I think bitcoin is not legal in all country and bitcoin still in the grey area which means there is no clear statement from the government about bitcoin and they are not makes something for people that still used bitcoin in their daily life. maybe in the future, we can see about the legality of bitcoin and I hope in that time, bitcoin will legal in all country so we can use bitcoin with free and we can still continue to search the opportunity to make money. meanwhile, we still have a chance to make money right now and it is better that we can use this chance.
|
|
|
|
evescrypto
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 09, 2018, 05:42:58 PM |
|
It has been officially declared legal in some countries and the others just don't care due to lack of knowledge on how it works. Usually, for those countries who don't have enough knowledge about bitcoins, most of the time the people just automatically think that it's a scam without even bothering to read about it - which is kind of funny.
|
|
|
|
Hannahanto
|
|
July 10, 2018, 03:14:10 AM |
|
It purely based on the country which you live. Now so many countries accepted bitcoin as legal. Many countries allowed people to use bitcoin for purchase. Some countries allowed their people to use bitcoin with some limitations. But at the same time many countries announced bitcoin as illegal. Hope all the countries will accept bitcoin as legal in future. In my country bitcoin is legal government put some rules to traders only not for people.
|
|
|
|
rosymadaan7
Newbie
Offline
Activity: 16
Merit: 0
|
|
July 10, 2018, 05:43:22 AM |
|
Yes bitcoin may be legal , if anybody use it in legalWay. If we pay taxes on our income from bitcoin that will be legal. If anybody did not pays taxes than income from whichever thing will be illegal.
|
|
|
|
jaocoincrypto18
|
|
July 10, 2018, 05:57:41 AM |
|
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.
If fiat currency can be use by anyone by bad and good people then same with the Bitcoin currency in which it can be use by both good and bad people and both in legal and illegal acrivities too.The same currencies for spending with only the appearance is the difference but the good thing for Bitcoin is it can be regulated so that it can only be use in legal means. I just don't understand what are these 3 categories that are you talking about?
|
|
|
|
XFlowZion
|
|
July 10, 2018, 06:28:51 AM |
|
In some place it's legal but in some it is not. Some countries don't have a clear view on bitcoin and cryptocurrencies like here in my country. Bu I think my government has a positive insight on it so I don't worry once they start to focus on addressing bitcoin.
|
|
|
|
tony kurniawan
Newbie
Offline
Activity: 151
Merit: 0
|
|
July 12, 2018, 02:25:48 PM |
|
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.
Depending on which country you live, if your country prohibits bitcoin then bitcoin becomes illegal and if your country receives bitcoin then it becomes legal.
|
|
|
|
Firefox07
|
|
July 13, 2018, 12:53:46 PM |
|
In some countries bitcoin is legal. But some countries starts the war against bitcoin. They don't want bitcoin at all. And they don't want their people yo engaged in bitcoin. Because they think that bitcoin is just a bubble.
|
|
|
|
igor3366
Newbie
Offline
Activity: 1
Merit: 0
|
|
July 14, 2018, 12:10:48 AM |
|
BTC Not yet In the coming years everything will be regulated and legal
|
|
|
|
smiledeveloper
Newbie
Offline
Activity: 42
Merit: 0
|
|
July 14, 2018, 04:49:53 AM |
|
Look, Legality of Bitcoin depend on where are you living. If your Country legalized bitcoin then it's legal otherwise illegal.There are so many countries who legally uses bitcoin. it already as their daily transaction purposes. Believe me I'm telling you that bitcoin have a bright future over the universe as bitcoin is our future money.
|
|
|
|
Goozzi
Jr. Member
Offline
Activity: 154
Merit: 1
|
|
July 15, 2018, 05:13:52 PM |
|
Of course it's legal. Like any other type of activity, it can be used for good deeds and not. It's not recognized as legal, those to whom it is uncomfortable. It's like "fighting terrorism") If you understand what I mean))) They all agreed, we just need to pretend that someone is struggling with something to continue to master the state budget.
|
|
|
|
Initscri
|
|
July 15, 2018, 07:33:58 PM |
|
Mostly depends on the country, but generally it's legal.
What's illegal is using it for illegal means, such as money laundering, etc. Just follow the rules/regulations of your country.
Obviously, when using Bitcoin, you have to be a bit more careful (aka watching the news, etc) than when using fiat, as fiat is generally more socially accepted.
|
---------------------------------- Web Developer. PM for details. ----------------------------------
|
|
|
KorakPawon
Member
Offline
Activity: 350
Merit: 11
|
|
July 19, 2018, 11:52:21 AM |
|
from the information I read it turns out there are some countries that have legalized bitcoin and use bitcoin as a digital currency, one of which is the United States although the user has not so much new about 25%, most of them use bitcoin for onlen shopping and some are using it to pay lectures and other transactions. maybe sooner or later other countries will follow.
|
|
|
|
gayletot
Member
Offline
Activity: 323
Merit: 10
|
|
July 20, 2018, 07:27:21 AM |
|
yes the bitcoin is legal there are still a few countries that they have not yet entered the crypto currency like china, but there are other countries that have gradually received the crypto-like korea. I have not seen any badcoin or cryptocurrency badly.
|
|
|
|
KorakPawon
Member
Offline
Activity: 350
Merit: 11
|
|
August 12, 2018, 03:10:04 PM |
|
bitcoin is legal depending on you, where your country lives, because there are some countries that accept bitcoin there are also those who reject bitcoin. some countries have already received bitcoin, bitcoin users can use bitcoin for payments such as online payments etc. but for countries that have not yet received it may also have their own reasons because different countries are different in thought and also different policies.
|
|
|
|
Rockernewf
Newbie
Offline
Activity: 26
Merit: 0
|
|
August 13, 2018, 04:59:23 PM |
|
Bitcoin is legal and should be legas, just like any other currency in the world.
|
|
|
|
fanji
|
|
August 15, 2018, 04:06:35 AM |
|
There are several countries that strongly prohibit bitcoin because the law is unclear, for example Indonesia is my country that is not very supportive of the development of crypto digital (bitcoin) currencies in my country if there is someone who transacts such as buying and selling homes using digital currency bitcoin will be punished I said this was not a lie because it had happened in Bali. because the Indonesian state only allows its citizens to buy houses with rupiah, the rupiah is the Indonesian currency.
|
|
|
|
sheenshane
Legendary
Offline
Activity: 2408
Merit: 1215
Cashback 15%
|
|
August 15, 2018, 04:26:17 AM |
|
There are several countries that strongly prohibit bitcoin because the law is unclear, for example Indonesia is my country that is not very supportive of the development of crypto digital (bitcoin) currencies in my country if there is someone who transacts such as buying and selling homes using digital currency bitcoin will be punished I said this was not a lie because it had happened in Bali. because the Indonesian state only allows its citizens to buy houses with rupiah, the rupiah is the Indonesian currency.
I think Indonesia is not that worst in punishment even though I'm not in that country but I heard I already that they strict on cryptocurrency. Well, as of now this bitcoin (digital money) is not clearly legal to the country, also in my country bitcoin is not stated to our government that it is illegal but they did not prohibit us to use it even there is no implementing law that it is legal. In this case, each country has a different perspective on bitcoin (cryptocurrency) on how they adopt it into their society.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
Cukfuk
Newbie
Offline
Activity: 38
Merit: 0
|
|
August 15, 2018, 06:49:08 AM |
|
What is not forbidden is allowed.
|
|
|
|
coldplay3r30
Newbie
Offline
Activity: 75
Merit: 0
|
|
August 15, 2018, 09:31:19 AM Last edit: September 15, 2018, 04:10:12 PM by coldplay3r30 |
|
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
bitcoin is legal, I think it happens not in all countries because maybe only those who agree that bitcoin can be used as a legitimate medium of exchange, but it doesn't seem to happen in a country that has not approved bitcoin as a medium of exchange but allows its citizens to own but only as an investation or assets. because there are still many countries whose financial systems are still traditional. But for a more modern exchange media, it might still wait for the next ten years.
|
|
|
|
fargoway
Newbie
Offline
Activity: 164
Merit: 0
|
|
August 15, 2018, 09:33:41 AM |
|
No, it is not legal (in most countries). But not in a bad sense of this word. Government doesn't want to accept it and that's the only reason why it is illegal. Moreover, Bitcoin was created to be "illegal", uncontrolled and decentralized.
|
|
|
|
genuin
|
|
August 15, 2018, 01:01:16 PM |
|
Mostly depends on the country, but generally it's legal.
What's illegal is using it for illegal means, such as money laundering, etc. Just follow the rules/regulations of your country.
Obviously, when using Bitcoin, you have to be a bit more careful (aka watching the news, etc) than when using fiat, as fiat is generally more socially accepted.
generally legal can you mention which countries legalize bitcoin? I think bitcoin still has a lot of studies to be done by each country. You say, in general, legal bitcoin means that 2/3 countries must recognize that bitcoin is legal. Can you prove it? If you can't, then be careful in speaking
|
|
|
|
satana_igor666
Newbie
Offline
Activity: 112
Merit: 0
|
|
August 15, 2018, 02:07:48 PM |
|
Many countries are afraid to accept it as a currency, since popularity can grow beyond their control.
|
|
|
|
Yusuf_Jay
Jr. Member
Offline
Activity: 37
Merit: 10
|
|
August 15, 2018, 11:08:20 PM |
|
Well, to my knowledge, Bitcoin is declared illegal in some countries, but it is also legal in the country that has received it. Broadly speaking, I think the legality of bitcoin depends on the law that applies in one country, if in one country bitcoin is accepted and legal, but sometimes it is illegal in other countries.
|
|
|
|
Aramazdi
Newbie
Offline
Activity: 71
Merit: 0
|
|
August 16, 2018, 12:33:33 AM Last edit: September 14, 2018, 10:10:57 AM by Aramazdi |
|
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.
it seems not that simple, but there are still many countries that prohibit the circulation of bitcoin but allow citizens to have bitcoin, and the government recognizes in the form of assets. because the government wants to apply taxes to their owners, so the problem can be more complicated. may want to protect the value of its currency, but on the other hand the government wants to get income from the owners of bitcoin. So I think the bitcoin currency is legal.
|
|
|
|
dinhtoan
Newbie
Offline
Activity: 5
Merit: 0
|
|
August 17, 2018, 04:20:12 AM |
|
Bitcoin còn tùy thuộc vào vùng và quốc gia! Một số quốc gia cấm triệt để Bitcoin!
|
|
|
|
saaux
Jr. Member
Offline
Activity: 252
Merit: 1
|
|
August 17, 2018, 04:34:34 AM |
|
This is certainly the first entry in the currencies. and it has not violated any law. this is a cryptocurrency project. so it's legally legal. there are only countries that have not yet received it.
|
▄▀▀▀▀▀▀▄ PLATIO ▄▀▀▀▀▀▀▄ █ Smart Banking Ecosystem █ ▀▄▄▄▀[https://platio.io]▀▄▄▄▀
|
|
|
gayletot
Member
Offline
Activity: 323
Merit: 10
|
|
August 17, 2018, 04:53:18 AM |
|
legit bitcoin. and it's not illegal it's part of the crypto. and it is just the basis of people's investment. it is only used for money reserves. because if it is btc it can be used in several bills payment fees.
|
|
|
|
Altf4
Member
Offline
Activity: 322
Merit: 10
|
|
August 18, 2018, 09:42:35 AM |
|
Bitcoin in the digital world or in the cryptoworld in which it is circulating is legal but in the outside world there are many countries that do not recognized it so it is illegal, but some countries are adopting cryptocurrency then it us now legit, so far not all countries in the world are not convinced by bitcoin and cryptocurrency.
|
|
|
|
vessing
|
|
August 18, 2018, 01:54:50 PM |
|
The legality of Bitcoin is a contentious issue for law enforcement and law enforcement, as they are targeted at the digital currency in an attempt to control its use. Bitcoin is still at the initial stage of development, and many legal bodies are trying to resolve the crypto currency, not to mention the adoption of laws around it.
|
|
|
|
KenChanYu
|
|
August 18, 2018, 11:47:02 PM |
|
The legality of Bitcoin is a contentious issue for law enforcement and law enforcement, as they are targeted at the digital currency in an attempt to control its use. Bitcoin is still at the initial stage of development, and many legal bodies are trying to resolve the crypto currency, not to mention the adoption of laws around it.
It remains a confidential thing about it and we really don't know how the law enforcement could control bitcoin's legality. The initial development is our future towards price to gain at better value, and for now there's no certain approved rules that bitcoin was totally covered of. Nor legal nor illegal, bitcoin is always a decentralized body which was separated from centralized fiat currency.
|
|
|
|
jenongs
Newbie
Offline
Activity: 28
Merit: 0
|
|
August 19, 2018, 06:50:36 AM |
|
bitcoin's legality depends on the work system itself, basically from what category we will choose in each category has its own legal legality.
|
|
|
|
Girlsbit
Newbie
Offline
Activity: 108
Merit: 0
|
|
August 19, 2018, 07:16:43 AM |
|
And how can they decide whether bitcoin is legal or not. They did not create it, they do not regulate it and do not influence it in any way.
|
|
|
|
lupeto
Newbie
Offline
Activity: 12
Merit: 0
|
|
August 19, 2018, 08:09:07 AM |
|
Yes, the legality of bitcoin depends on who you are, what you do with it. and also where you are bearsal, because even though bitcoin has been declared legal in some countries, but, some countries openly prohibit it and make bitcoin illegal.
|
|
|
|
Aramazdi
Newbie
Offline
Activity: 71
Merit: 0
|
|
August 21, 2018, 03:20:58 AM Last edit: September 14, 2018, 10:11:53 AM by Aramazdi |
|
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
in our country bitcoin is still prohibited from being used directly, but the public is still allowed to own but the government considers it as a deposit and not as a medium of direct exchange indeed the government is a difficult choice to prohibit or allow, because there are still many criminals who have the potential to use digital currency to store or transact directly, because government technology cannot support or supervise digital money transfers.
|
|
|
|
canej
|
|
August 28, 2018, 11:51:44 AM |
|
Everything depends on the country. In some countries, crypto-currencies are legalized, somewhere prohibited. However, there are countries that have not yet legislated their attitude to crypto-currencies.
|
|
|
|
Sayma83
Member
Offline
Activity: 322
Merit: 12
Iqcash
|
|
September 01, 2018, 02:33:03 AM |
|
I think bitcoin legal.many others country bitcoin accept.they think bitcoin best coin & bitcoin all world charging.because my government bitcoin not accept & my country bitcoin illegal.I hope Hurry up cryptocurrency will be my country legal.bitcoin online income way.so I think my government bitcoin can be validated.
|
|
|
|
Saveplus
|
|
September 02, 2018, 04:35:30 AM |
|
For me bitcoin legal,but it is based in the country of how they treat it and if they support it as a digital currency.The only why they say its not legal because it was decentralization no government can ruled it out but definitely its not illegal for everybody.
|
|
|
|
Girlsbit
Newbie
Offline
Activity: 108
Merit: 0
|
|
September 02, 2018, 11:53:40 AM |
|
Now I can not say that bitcoin is a legitimate currency, although in some countries it is legitimate.
|
|
|
|
btcdevil
Legendary
Offline
Activity: 1302
Merit: 1027
|
|
September 02, 2018, 12:15:05 PM |
|
In my country Bitcoin is Illegal and usage is not allowed but then also it can be used as investment option and the users is whole responsible for what ever problem comes in dealing with it. So we can only convert to fiat currency and use it.
|
|
|
|
Kris34
Newbie
Offline
Activity: 100
Merit: 0
|
|
September 02, 2018, 12:17:01 PM |
|
And why it is not legal. Why such thoughts. Many countries have legalized bitcoin. And gradually other countries come to this.
|
|
|
|
yamete kudasai
Member
Offline
Activity: 226
Merit: 26
|
|
September 02, 2018, 03:29:05 PM |
|
Depends on where you are from . If you are living in country where no law against bitcoin then it is free to use bitcoin if its not then don't access it .
|
|
|
|
myCworld
Newbie
Offline
Activity: 4
Merit: 0
|
|
September 02, 2018, 05:15:44 PM |
|
I don't see a reason why BTC wouldn't be legal as it is only another way of payment. Don't you agree?
|
|
|
|
kerremy
Newbie
Offline
Activity: 31
Merit: 0
|
|
September 02, 2018, 06:40:25 PM |
|
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.
Yeah, the question surrounding the relationship between Bitcoin and the law really depends on how the digital currency is being used. Depending on where and how you utilize bitcoin, it is important to remain up-to-date on the latest regulations concerning the digital currency. As laws change across borders, governing bodies and, increasingly, as the platform gains popularity, questions about bitcoin’s legality will continue to be raised.
|
|
|
|
romarry
Newbie
Offline
Activity: 27
Merit: 0
|
|
September 03, 2018, 07:26:01 AM |
|
Well, the legality of Bitcoin is different in several countries in the world. Also, at present, many policymakers in the world have known about digital currencies like Bitcoin, but many of them have not made legal rules regarding it.
|
|
|
|
brr22
Member
Offline
Activity: 504
Merit: 13
|
|
October 24, 2018, 04:33:49 PM |
|
The further I read the news, the more I think it is considered legitimate, and the guys do not care how it goes, no matter how it is said.
|
|
|
|
Bardadym
Member
Offline
Activity: 420
Merit: 11
|
|
October 24, 2018, 05:55:57 PM |
|
I wonder how can prohibit bitcoin? And why haven't they done it a long time ago? Because bitcoin has not died already 99%, when will the ETF tell me?
|
|
|
|
Tanya12356
|
|
October 26, 2018, 05:29:22 PM |
|
And how can they decide whether bitcoin is legal or not. They did not create it, they do not regulate it and do not influence it in any way.
So I do not understand how this can be explained if bitcoin is decolletization.
|
|
|
|
roadwell890
Member
Offline
Activity: 490
Merit: 11
|
|
October 26, 2018, 08:33:13 PM |
|
bitcoin is legal if its use is still in the crypto business area, while waiting for the government's momentum to implement it officially. there is nothing wrong if it is not used for illegal things. Trading between crypto does not require binding special standards and is still within reasonable limits because there are no official regulations.
|
|
|
|
Wong Kalong
Member
Offline
Activity: 377
Merit: 10
|
|
October 27, 2018, 03:40:55 AM |
|
Bitcoin is considered legal for developing countries and applies bitcoin as a means of payment, but there are still many who have not been able to accept bitcoin and this can hinder the public from following the free market.
|
|
|
|
basyang
|
|
October 29, 2018, 08:42:39 PM |
|
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.
It seems to me that, Bitcoin legality is depend on the country. There has a country that Bitcoin is officially legal and they used it as a mode of payment, there are also a country who banned it officially and there is also a neutral between Bitcoin is not yet legal but you can used it. You are right about it depends on who you are using it and when you are using it. You will define the usage of Bitcoin.
|
|
|
|
btcmegastar
Member
Offline
Activity: 700
Merit: 12
|
|
October 30, 2018, 07:36:05 AM |
|
Bitcoin is not yet legal in many countries due to many factors because the government are not showing interest towards the bitcoin but showing interest towards blockchain. In order to get legal we have to wait for some more days because SEC is taking very huge steps whether to legalise the Bitcoin or not.
|
|
|
|
Bizard
Copper Member
Newbie
Offline
Activity: 180
Merit: 0
|
|
November 01, 2018, 04:57:55 PM |
|
In my country, I live in Russia while it is possible to use it absolutely legally, even there are bitcoin exchanges on the streets, but there are still very few of them and they do not enjoy success among the population, while our authorities seem to be loyal to this.
|
|
|
|
shendy
Full Member
Offline
Activity: 602
Merit: 100
https://i.imgur.com/BBmstUL.jpg
|
|
November 05, 2018, 03:39:17 AM |
|
Indeed, many countries legalize bitcoin, but there are still many who also cannot accept bitcoin, this depends on each country. So not all countries can legalize bitcoin, there are still many who will review bitcoin.
|
|
|
|
Argoo
Full Member
Offline
Activity: 2268
Merit: 225
#SWGT PRE-SALE IS LIVE
|
|
November 05, 2018, 06:12:02 AM |
|
Bitcoin will always be legal, if there are no special regulatory acts of the state prohibiting its circulation. Practically in all countries in which Roman private law is taken as the basis of law, it is stated that it is allowed to engage in all types of business activities that are not directly prohibited by law or do not contradict generally accepted business conditions. For example, in my country, the cryptocurrency is not yet regulated, but it freely goes on the territory of the state.
|
|
|
|
sambel90129
Newbie
Offline
Activity: 82
Merit: 0
|
|
November 06, 2018, 02:26:53 AM |
|
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.
bitcoin is only an alternative currency that is very safe and very transparent because it adopts the blocokchain technology which makes it very easy to monitor its movements, of course things like this are very feared by criminals, especially corruptors, so they pressure the government to reject bitcoin because they are afraid of being detected if you put their money in bitcoin. is bitcoin legal? depending on which country we live in.
|
|
|
|
creeps
|
|
November 06, 2018, 10:52:37 PM |
|
Indeed, many countries legalize bitcoin, but there are still many who also cannot accept bitcoin, this depends on each country. So not all countries can legalize bitcoin, there are still many who will review bitcoin.
There still a resistance in some countries to adopt bicoin and make it legal, maybe they still feel the threat right now and they still have not made a final decision regarding on this. I believe we are on the way to that situation where almost all countries make bitcoin legal. Know the status of cryptocurrency on your place, don’t be scared as long as you are doing right and if its ban on your place, you can travel to use bitcoin where it is being used as a legal one.
|
|
|
|
Tapyaks72
Member
Offline
Activity: 490
Merit: 28
|
|
November 07, 2018, 01:50:11 PM |
|
Indeed, many countries legalize bitcoin, but there are still many who also cannot accept bitcoin, this depends on each country. So not all countries can legalize bitcoin, there are still many who will review bitcoin.
There still a resistance in some countries to adopt bicoin and make it legal, maybe they still feel the threat right now and they still have not made a final decision regarding on this. I believe we are on the way to that situation where almost all countries make bitcoin legal. Know the status of cryptocurrency on your place, don’t be scared as long as you are doing right and if its ban on your place, you can travel to use bitcoin where it is being used as a legal one. In terms of legality, China at last declared bitcoin as a legal proprietary virtual currencies, so even China as all known for opposing bitcoin find it to be legal, and having bitcoin holding is now legal in China. So there is possibility that some countries will do.
|
|
|
|
coldplay3r30
Newbie
Offline
Activity: 75
Merit: 0
|
|
November 08, 2018, 01:34:14 AM |
|
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.
It really depends on which country we are domiciled, if in a country that rejects bitcoin it is clear that bitcoin is illegal because the state applies illegal status, but on the contrary if we are in a country that supports and legalizes bitcoin then the status of bitcoin becomes legal or official, but what is certain is bitcoin only a digital currency which certainly does not violate the law.
|
|
|
|
Gotottack
|
|
November 08, 2018, 04:21:00 AM |
|
Well, true enough, Bitcoin's legality or illegality is jurisdictional worldwide. It really depends on the State laws and local laws, in general. But just to correct some of the views and opinions here, Bitcoin is not illegal when the national laws are silent about it. It only means they sort of allow it through acquiescence because lawmakers may be at odds or undecided for the time being. But just be cautious because there are times the government issues Issuances or AOs to immediately address pressing concerns like this kind.
|
|
|
|
Tanya12356
|
|
November 10, 2018, 04:14:43 PM |
|
Indeed, many countries legalize bitcoin, but there are still many who also cannot accept bitcoin, this depends on each country. So not all countries can legalize bitcoin, there are still many who will review bitcoin.
Everything goes to this. To the full legalization of Bitcoin. Bitcoin is becoming more and more full-fledged cryptocurrency.
|
|
|
|
ningrumxxi
Newbie
Offline
Activity: 80
Merit: 0
|
|
November 15, 2018, 01:44:31 AM |
|
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
in any country I think bitcoin is not against the law, because the true nature of bitcoin is only a digital currency, if in your country bitcoin has become a medium of exchange that can be used in stores to buy goods, things like that don't happen in our country, the government firmly forbid bitcoin to be used as a transaction tool, but unique things happen in our country the government does not prohibit the ownership of bitcoin but only prohibits bitcoin to be used to pay for goods, so in our country bitcoin is only considered as an asset whose ownership will be taxed , a funny thing ...
|
|
|
|
Cupomi
Newbie
Offline
Activity: 81
Merit: 0
|
|
November 15, 2018, 02:27:06 AM |
|
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.
bitcoin is only a digital currency, of course it does not violate the law, so the status of bitcoin in all countries is legal because the internet world has no national borders so bitcoin can be accessed in all countries in the world, if there is one country that only accepts bitcoin just use it, there are countries that recognize bitcoin as a legitimate payment tool but there are also those who reject the use of bitcoin to be used as a payment tool, so we can be sure that bitcoin is the future currency ...
|
|
|
|
Baimovic
|
|
November 18, 2018, 08:39:30 AM |
|
depending on where Bitcoin is, if it is in Japan and Korea, then it is legal, but in my country Bitcoin is still not legalized but also not prohibited which is important is not to be used to pay anything. In my country, Bitcoin is not prohibited and a blockchain association has been formed.
|
|
|
|
Zalura
Newbie
Offline
Activity: 73
Merit: 0
|
|
November 22, 2018, 01:21:24 AM |
|
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.
many governments in the world apply status that is still confusing, many countries prohibit bitcoin users from buying and selling goods with bitcoin but the state recognizes bitcoin as an asset, there are countries that actually ban bitcoin in their countries, but what happens is that people buy bitcoin and there are still many examples of problems faced by bitcoin, but the most important is that bitcoin is a currency that does not violate the law, which violates the law, people who commit crimes by using bitcoin as a means of evil.
|
|
|
|
seggardinggins
|
|
November 24, 2018, 06:47:10 PM |
|
depending on where Bitcoin is, if it is in Japan and Korea, then it is legal, but in my country Bitcoin is still not legalized but also not prohibited which is important is not to be used to pay anything. In my country, Bitcoin is not prohibited and a blockchain association has been formed.
yes, there are a number of countries that have already integrated Bitcoin so that Bitcoin holders can freely hold it without fear of anything except the destruction of Bitcoin. but it is unfortunate that for now only a handful of countries legalize Bitcoin so that Bitcoin has not been able to grow rapidly, especially there are some countries that ban Bitcoin.
|
|
|
|
Patient_Zero
Jr. Member
Offline
Activity: 84
Merit: 1
|
|
November 29, 2018, 01:31:35 AM |
|
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
indeed for some countries legalizing bitcoin, because the state applies legal status, very different from some countries that have not applied legal status, this can not be easy for bitcoin owners in a country like this, so the status of Bitcoin is not the same in every country, but most importantly Bitcoin is a currency, so the currency does not violate the law, I think that's just the benchmark for bitcoin owners in countries that don't support bitcoin.
|
|
|
|
ningrumxxi
Newbie
Offline
Activity: 80
Merit: 0
|
|
December 01, 2018, 03:55:38 AM |
|
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
the fact of bitcoin is legal, because based on the available evidence there are indeed many countries that facilitate bitcoin users, there are one or two countries that reject bitcoin as a legitimate currency, but they still recognize it as an asset, the government does not have strong reasons to reject bitcoin bitcoin is only money, which of course does not conflict with any law.
|
|
|
|
Cryptobiter
Copper Member
Newbie
Offline
Activity: 28
Merit: 0
|
|
December 03, 2018, 10:31:50 AM |
|
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 citizes
|
|
|
|
davidcryptoexpert
Newbie
Offline
Activity: 3
Merit: 0
|
|
December 03, 2018, 01:35:06 PM |
|
Most of the countries has started adopting the crypto slowly which is a great news, no one wants to be slow on technology development. Just out of the fear of loosing economy. its going on a slower pace. Hope for all good in future.
|
|
|
|
Patient_Zero
Jr. Member
Offline
Activity: 84
Merit: 1
|
|
December 04, 2018, 12:05:37 AM |
|
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.
there is no country that sets bitcoin as an illegal item, the legal status that states that does not support bitcoin is limited to prohibiting the use of bitcoin to be used as a payment tool, so basically bitcoin can still be traded even though it is categorized as an asset.
|
|
|
|
sambel90129
Newbie
Offline
Activity: 82
Merit: 0
|
|
December 05, 2018, 01:03:24 AM |
|
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.
there is no bitcoin that regulates, no one can block and this is very safe, so this is very safe money, this is only digital money, obviously there is nothing wrong with bitcoin, someone who can be wrong is someone who uses bitcoin for purposes that really breaking the law, so legally the currency is never wrong, the wrong is the currency users, many countries refuse, but they cannot apply the law against bitcoin.
|
|
|
|
|