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Author Topic: Is Bitcoin Legal?  (Read 2878 times)
TheKeyLongThumbI
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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.

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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.

   
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yingfeng
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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

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Zabercoin
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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.
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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
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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.

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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.

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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.

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November 11, 2017, 06:52:46 AM

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

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

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

The legality of bitcoin depends on who you are, and what you池e 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

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

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

The legality of bitcoin depends on who you are, and what you池e 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

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

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

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

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

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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