Bitcoin legitimate or illegal?

[NyLymZbl]

Bitcoin is not illegal. That's how people use the bitcoin. So many countries do not allow the use of bitcoins because they use it in the wrong way.

[Solosmart]

I hope it will never be illegal because then all my bitcoins i made will be for nothing. I hope that i can continue investing in bitcoin.
Because bitcoin is the reason i don't have money problems. so i pray every time.

[Eraldo Coil]

Bitcoin is a legitimate form of currency. There are countries that accept bitcoin. Bitcoin helps people in a lot of ways that is why it is important for most of us. But there are countries that do some rules and regulations about bitcoin and there are also leaders that make bitcoin illegal in their countries.

[bajingluncat]

Bitcoin in some countries is considered illegal as a currency because it does not include a country's currency criteria, but this bitcoin is one of the most promising investment commodities if we can take advantage of the best opportunities and risks.

[googs84]

Bitcoins legal status is different in each country. Bitcoin is a autonomous cryptocurrency. Its peer to peer exchange is based on the mutual trust and understanding among its users and miners. Where & when to use bitcoin is solely in the hand of its owner no one can control it. Some countries like UK,USA, Australia are planning to regulate bitcoin currency . They are claiming that bitcoin has increased serious criminal activities like terror funding, drug and gun trafficking in their country. It if quiet difficult to track bitcoin user. One can transfer fund to anyone without help of any third party assistance. This making bitcoin popular in criminal activities.

[MD Nur Hossain]

This question is very common because a lot of times this question is repeat i think.Bitcoin is legal for many countries i know.But only few countries ban Bitcoin.Majority of the countries fully support Bitcoin that's why i treat this is absolutely legitimate.

[Jose21]

Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?

It is legitimate I think because it offers job to everyone and gives money in exchange as their payments or salary. It can help people to earn money and survive their everyday lives. It can help people in changing their visions in life. It is legitimate because it brings good to people.

[hype]

bitcoin in other country is legit they used bitcoin for paying bills, shopping etc. they used bitcoin for buying anything.
but some other country did not accept bitcoin and no tax so they think its illegal.

[Rana590]

bitcoin in other country is legit they used bitcoin for paying bills, shopping etc. they used bitcoin for buying anything.
but some other country did not accept bitcoin and no tax so they think its illegal.

It is different for different countries. Some county accept Bitcoin as legal currency and people use it without​hesitation. But some county don't allow it as legal currency. It doesn't depend on the government.

[jyotianand01]

Bitcoin legitimacy depends on each countries own laws. Every country has its own rulings regarding bitcoins but in many countries neither it is banned nor legal. That means you can do transact any deal on your own risk and you cannot claim your losses anywhere.

[preikaler]

bitcoin in other country is legit they used bitcoin for paying bills, shopping etc. they used bitcoin for buying anything.
but some other country did not accept bitcoin and no tax so they think its illegal.

It is different for different countries. Some county accept Bitcoin as legal currency and people use it without​hesitation. But some county don't allow it as legal currency. It doesn't depend on the government.

Indeed we must follow our government regulations. In my country bitcoin still not legitimate and that means illegal. the government bans the use of bitcoin as a transaction for several reasons, perhaps each country has a different policy

[Brama Jasa]

Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?

the presence of bitcoin would have a negative and positive effect. This is one of the negative effects of bitcoin, it happens because all ranges can create their own wallet without using valid data, such as passports or identities. wherever there is a crime of the real world or the world of the internet, easy easy will be no regulation about the owner of the bitcoin wallet so that it can overcome the crime that happened

[ranggawulung]

Bitcoin is not subject to the laws of countries. Some countries are trying to regulate it, others are still ligating. But bitcoin will not manage to manage, because the system is decentralized.

[learner 7]

Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?

the presence of bitcoin would have a negative and positive effect. This is one of the negative effects of bitcoin, it happens because all ranges can create their own wallet without using valid data, such as passports or identities. wherever there is a crime of the real world or the world of the internet, easy easy will be no regulation about the owner of the bitcoin wallet so that it can overcome the crime that happened

Absolutely everything in this world can have a positive and negative effect. As if before the bitcoin, the world was perfect and there was neither crime nor other crimes, and with the advent of bitcoin, problems began.

[jbarrera05]

for me bitcoin is legit , if its not this website is already gone .

[goldenchip]

Most countries that I know don't consider Bitcoin to be illegal. What are these countries you are talking about? I guess there are some, but as far as I know Bitcoin is legal in most countries.

There are, of course, many authoritarian governments in the world, and these are the ones that would be the last to consider Bitcoin a legal currency.

[xIIImaL]

Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?

the presence of bitcoin would have a negative and positive effect. This is one of the negative effects of bitcoin, it happens because all ranges can create their own wallet without using valid data, such as passports or identities. wherever there is a crime of the real world or the world of the internet, easy easy will be no regulation about the owner of the bitcoin wallet so that it can overcome the crime that happened

Until bitcoin regulates many people will keep on give critics about bitcoin is being used in illegal activities and terrorists usages. Still bitcoin can be convert it as fiat currency in your country and use to purchase any products. If you directly use the bitcoin in any place where it is not made as a legal money to use it.
If regulations takes over on bitcoin means we need to wait for it what the negative government takes on it. Most probably you cannot get any benefit from the any Government made bitcoin legal and after that.

[chukaday]

Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?

Well bitcoin is another currency which is pretty hard to track and therefore can easily function as a payment method for criminals and crooks. The reason it is being considered illegal however in your country idk but I would

think that the criminal aspect of it keeps it on the illegal side.

[jputra635]

In my opinion bitcoin is legitimate because Bitcoin is a consensus network that enables new payment systems and money that is entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. From the user's point of view, Bitcoin is similar to cash in the internet world. Bitcoin can also be viewed as the most prominent record-keeping system currently available.

[senne]

Bitcoin has given the power of anonymous transactions due to which it is nearly impossible to know the owner of the wallet, hence it is possible that it has increased crime in some ways or another. But criminals always find ways to collect ransom or hide their cash online. Illegal activities take place with fiat currency also so Bitcoin cannot be Blamed alone for all illegal activities. Such statements are used to defame Bitcoin but nothing can harm its value on the long run.