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Author Topic: Is Bitcoin Legal?  (Read 3996 times)
Rahul20
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October 22, 2017, 07:02:29 PM
 #1

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

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.
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October 22, 2017, 07:18:22 PM
 #2

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

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October 22, 2017, 11:02:07 PM
 #3

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



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justbecauseok
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October 22, 2017, 11:06:31 PM
 #4

Depends on where you live right? So like here in the US it's fine I don't know of anywhere that makes it's use actually illegal. Maybe like North Korea? you'd have to have broken some oppressive law to even learn about bitcoin haha
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October 22, 2017, 11:12:56 PM
 #5

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

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

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October 22, 2017, 11:19:03 PM
 #6

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

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October 22, 2017, 11:20:26 PM
 #7

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

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October 22, 2017, 11:22:48 PM
 #8

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

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October 22, 2017, 11:27:01 PM
 #9

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

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.

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

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October 22, 2017, 11:27:37 PM
 #10

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

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.

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

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October 22, 2017, 11:29:17 PM
 #11

Yes it's legal or in other words it's not illegal either. I haven't heard of any country which has made any law declaring bitcoin as illegal so yes it's legal but yes if you convert it to fiat and the amount of money you make in the process is huge then maybe you have to give the government authorities details regarding where this money comes from. But again the procedure might be different in various different countries.
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October 22, 2017, 11:29:58 PM
 #12

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

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October 22, 2017, 11:35:43 PM
 #13

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

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October 23, 2017, 03:58:22 PM
 #14

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

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.


For me bitcoin is legal because if it is not legal, why some of us see ads that is telling about bitcoin ? For example is when there is a game of a basketball sometimes you can see the ads that telling about Bitcoin. It is legal also because we let others know about it because if it is illegal we did not let anyone to know about it because we can accuse us a penalty.
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October 23, 2017, 04:02:38 PM
 #15

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


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October 23, 2017, 04:04:25 PM
 #16

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

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October 23, 2017, 04:13:34 PM
 #17

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

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October 23, 2017, 04:14:56 PM
 #18

One interesting thing to note about Bitcoin

There is laws that exist within bitcoin also.

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

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

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

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

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


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October 23, 2017, 04:35:04 PM
 #19

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

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October 23, 2017, 05:04:54 PM
 #20

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

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

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October 23, 2017, 08:33:07 PM
 #21

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.

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October 23, 2017, 08:34:35 PM
 #22

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.

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October 24, 2017, 04:11:10 AM
 #23

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.

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October 24, 2017, 04:11:54 AM
 #24

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.

Quote
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.
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October 24, 2017, 08:20:34 AM
 #25

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 .

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October 24, 2017, 09:16:59 AM
 #26

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.
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October 24, 2017, 09:17:23 AM
 #27

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.

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October 24, 2017, 10:00:44 AM
 #28

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.

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October 24, 2017, 10:27:56 AM
 #29

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.

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October 24, 2017, 10:34:49 AM
 #30

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.

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October 24, 2017, 12:28:46 PM
 #31

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.

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October 24, 2017, 12:36:50 PM
 #32

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.

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October 24, 2017, 01:54:24 PM
 #33

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  Grin
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October 24, 2017, 05:38:06 PM
 #34

Bitcoin is legal or not depend on the way you use and where are you living Cheesy. 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.
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October 24, 2017, 05:59:50 PM
 #35

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.

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October 24, 2017, 06:19:44 PM
 #36

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.
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October 24, 2017, 11:32:07 PM
 #37

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.

                                                                               
                                                                               
                                                                               
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October 24, 2017, 11:43:13 PM
 #38

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. 

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October 25, 2017, 12:04:05 PM
 #39

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..

Quote
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..

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October 25, 2017, 02:52:11 PM
 #40

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.
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October 25, 2017, 03:40:27 PM
 #41

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.

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October 25, 2017, 04:46:54 PM
 #42

 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 .

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October 25, 2017, 06:26:05 PM
 #43

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.
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October 26, 2017, 08:01:12 AM
 #44

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.

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October 26, 2017, 10:25:46 AM
 #45

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.
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October 26, 2017, 10:32:50 AM
 #46

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.

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October 26, 2017, 10:45:00 AM
 #47

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.

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October 26, 2017, 04:58:02 PM
 #48

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.
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October 26, 2017, 06:24:37 PM
 #49

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
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October 26, 2017, 07:19:23 PM
 #50

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.
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October 26, 2017, 08:03:34 PM
 #51

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.

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October 26, 2017, 09:14:32 PM
 #52

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.
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October 26, 2017, 10:47:53 PM
 #53

it's depends where are you from ? , some countries say welcome , and some countries say no .

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October 26, 2017, 10:59:45 PM
 #54

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?

   
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October 27, 2017, 08:05:20 AM
 #55

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.

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October 27, 2017, 10:52:43 AM
 #56

It´s legal generally. There are some exceptions depending on the country.
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October 27, 2017, 11:07:29 AM
 #57

The legality of Bitcoin depends on the purpose of use, but most importantly, it is legalized by the countries.



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October 27, 2017, 01:10:10 PM
 #58

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.

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October 27, 2017, 02:40:00 PM
 #59

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

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October 28, 2017, 09:12:12 AM
 #60

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..

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October 28, 2017, 10:49:59 AM
 #61

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.  

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October 28, 2017, 01:51:12 PM
 #62

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?

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October 29, 2017, 06:20:51 AM
 #63

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.

,



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October 29, 2017, 12:32:06 PM
 #64

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.


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October 30, 2017, 06:29:36 PM
 #65

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.
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October 30, 2017, 09:48:41 PM
 #66

   Short search on google led me to few excellent places:
-https://99bitcoins.com/is-bitcoin-legal-status-by-countries/?gclid=Cj0KCQjwm9vPBRCQARIsABAIQYehksDXyu7G0T8EUcyAAZedgDJ2xJvBUMYiTrDjvn3WgWVcxLEVPJ0aAoo_EALw_wcB
   Here you can check where bitcoin is legal and illegal. I chose this place cause here
there is nice picture, it is a map of the world and green are places where bitcoin is
legal, red are illegal and yellow are countries that have some restrictions and laws.
Grey colors are for countries that still do not have any announcements about bitcoin,
in this countries there is no law about bitcoin so people can use it freely.

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October 31, 2017, 12:41:50 AM
 #67

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.
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October 31, 2017, 12:47:05 AM
 #68

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.

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November 01, 2017, 01:39:54 PM
 #69

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.

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November 01, 2017, 05:54:29 PM
 #70

it is legal, but, some country gave the strict law to control it
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November 03, 2017, 05:47:42 PM
 #71

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.

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November 03, 2017, 06:36:18 PM
 #72

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.

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November 03, 2017, 08:42:49 PM
 #73

Legal for the majority of countries.
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November 04, 2017, 12:43:59 AM
 #74

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

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November 04, 2017, 02:12:30 AM
 #75

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.


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November 04, 2017, 04:27:05 AM
 #76

Bitcoin is legal but other people use it in illegal way Undecided
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November 04, 2017, 04:44:25 AM
 #77

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.

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November 04, 2017, 06:28:19 AM
 #78

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.

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November 04, 2017, 06:28:27 AM
 #79

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

There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.

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.

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November 04, 2017, 09:49:25 AM
 #80

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.



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November 04, 2017, 10:24:01 AM
 #81

Well if I would base on my country then I must say that it is legal. Generally why would it be even be banned in the first place. It is still a currency that is used to make transactions in businesses. However if such activities in a country were mostly recorded as illegal trading or illegal uses, then a country might have reason to ban it.

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November 05, 2017, 01:56:05 AM
 #82

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.

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November 05, 2017, 08:34:07 AM
 #83

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.

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November 05, 2017, 09:20:47 AM
 #84

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

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November 07, 2017, 12:36:31 AM
 #85

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.

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November 07, 2017, 04:32:57 AM
 #86

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.

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November 07, 2017, 07:08:52 AM
 #87

depends on the country, for example, in Russia, Putin signed a decree on the legalization of the Crypto-currency in 2018
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November 07, 2017, 11:57:29 AM
 #88

sure, I have received the money from this clear and bitcoin lega
it'sl real

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November 07, 2017, 12:02:23 PM
 #89

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.

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November 07, 2017, 08:13:28 PM
 #90

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.

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November 08, 2017, 11:51:04 AM
 #91

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.














 

 

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November 08, 2017, 04:46:18 PM
 #92

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.


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November 09, 2017, 04:48:24 AM
 #93

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.

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November 09, 2017, 08:21:51 AM
 #94

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.
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November 09, 2017, 10:56:49 AM
 #95

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.


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November 09, 2017, 01:19:29 PM
 #96

So many thing we can buy nowdays with bitcoin, maybe not legal, but powerful
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November 09, 2017, 08:08:06 PM
 #97

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


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November 09, 2017, 09:47:22 PM
 #98

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.

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November 10, 2017, 04:15:44 AM
 #99

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.

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November 10, 2017, 06:29:02 AM
 #100

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.

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November 10, 2017, 04:37:24 PM
 #101

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.

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November 10, 2017, 05:02:59 PM
 #102

Sure its, most of countries using it , I think only china and little more banned bitcoin but after all its legal


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November 10, 2017, 05:39:11 PM
 #103

Bitcoin is not prohibited, except for some individual countries. Logically, it is legal, especially now it is beginning to be introduced into large companies.

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November 10, 2017, 06:58:21 PM
 #104

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
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November 10, 2017, 07:59:05 PM
 #105

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.

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November 11, 2017, 04:03:14 AM
 #106

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.

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November 11, 2017, 04:53:57 AM
 #107

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.

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November 11, 2017, 06:52:46 AM
 #108

Yes its legal because were here i think if the country not authorized bitcoin as a digital money its their problem from not having a conveniece tools in life.Bitcoin brings so good in economy like the financial of any person or the transaction here in different ways so not knowing bitcoin or not recognized it is a bad things for them

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November 11, 2017, 09:55:59 AM
 #109

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.

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November 11, 2017, 10:07:09 AM
 #110

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.
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November 12, 2017, 12:06:23 PM
 #111

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.


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November 12, 2017, 03:48:14 PM
 #112

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.

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November 13, 2017, 01:37:00 AM
 #113

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. 

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November 13, 2017, 02:28:09 AM
 #114

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?
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November 13, 2017, 02:45:47 AM
 #115

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.

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November 13, 2017, 04:51:49 AM
 #116

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.

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November 14, 2017, 04:58:06 AM
 #117

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.

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November 14, 2017, 07:15:14 AM
 #118

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.

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November 14, 2017, 08:24:33 AM
 #119

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.

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November 18, 2017, 05:20:10 AM
 #120

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.
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November 18, 2017, 03:16:29 PM
 #121

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.

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November 19, 2017, 03:56:57 AM
 #122

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 .
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November 19, 2017, 08:08:04 AM
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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.
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November 20, 2017, 11:01:00 AM
 #124

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

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November 20, 2017, 06:39:45 PM
 #125

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

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