Is Bitcoin Legal?

[shohelalam]

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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[passwordnow]

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?

[corroze]

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]

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]

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.

[Bezobraznike]

   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.

[Ccexicocartel]

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]

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.

[Coffee135]

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]

it is legal, but, some country gave the strict law to control it

[Rupok]

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]

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_]

Legal for the majority of countries.

[HarleyQuinn9876]

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]

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]

Bitcoin is legal but other people use it in illegal way

[AmXProX]

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]

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]

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]

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.