Local Laws about Crypto

[Laland]

there is no regulatiton also in my country... if someone sell BTC, can deposit directly to bank account...

but central bank do some research on BTC and ALTs... so i think they r gonna make some regulations

Same with my country, has no regulation
Central Bank warned crypto busines about cyber crime and all the risk

They didn't plan to make a regulation about that
it makes some of people in my country get worry...

I'm Husnan, from Indonesia.

Oh i see. so i guess not all countries are interested in bitcoin. But i guess their will come a time that they at least set some regulations because right now the main issue for that is its anonymity and their is a chance that the money would be used in illegal ways. And from what i see, advanced countries are the ones who are really making profit from bitcoin. At least the government it self has some facilities to support crypto in their country.

[tj4dmx]

Bitcoin should remain a free market.  But how about imposters and hackers and fake ico?

[Latest Bitcoin News]

As far as I know, in Russia Bitcoin is illegal now, and you can get punishments.. even jail time .. depending on amounts..

[bambazamba]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

In most of the countries there are no local laws regulating crypto currency because most of them don't know about it much and have least influence on their economy . There are many wallets supporting the particular countries where the bitcoin can be sold directly and money goes into your bank . I think you should do your research for that . If your country does not regulate bitcoin then there might be some way out to get your money.       

[Taki]

I am from Russia and as I see on news the final step about crypto currencies regulation is going to be done on the 1st February of 2018. Till then I can do with my coins whatever I want. I suppose when the time for necessary laws about crypto currencies regulation will come it is going to be on all news here and Google will give me all the necessary links from the law when I will need some detailed information. I your country it is going to be something alike. Good luck!

[Lancusters]

I am from Russia and as I see on news the final step about crypto currencies regulation is going to be done on the 1st February of 2018. Till then I can do with my coins whatever I want. I suppose when the time for necessary laws about crypto currencies regulation will come it is going to be on all news here and Google will give me all the necessary links from the law when I will need some detailed information. I your country it is going to be something alike. Good luck!

Are you sure that 1 Feb you will not get a complete ban on the use of bitcoin? Information coming from Russia on this subject is very controversial. Now in Russia the government is trying to take full control over the use of the Internet. Even companies that provide VPN services are required to provide information about users. I think you will have problems next year.

[jungwong]

Depends in which country you’re in. In some countries the law states, that physical currency is always valid way of payment. However the law might also allow to pick whenever or not you want them as customers. Let’s say you don’t want them as customer after seeing they won’t to pay you in cash can be totally legal, depends on what country you live in.

[MCVXYZ]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

A normative act acquires legal effect once posted on your country’s official legislative website.So this means that  developed countries have their official legislative websites.there you can find a special law wich has legal effect. this site offers  comprehensive database of all normative acts having legal effect and i think it would be helpful.Where do you live? i will try to help you.First of all you need to search for this official website.You don't need lawyer consultation for this,you can call in information center to understand the adress of this site,wich is different in different states/countries.after this you will easily find out norms about cryptoworld.

[Bitknick]

In my country, there is not yet a question of regulating crypto-currency, there are as yet no questions!

[Jr.]

To get the latest update you can relay on the internet to get some details but it is okay to consult your law offices regarding this matter but so far just watch TV since they are broadcasting things like this.

[Kemarit]

In my country, there is not yet a question of regulating crypto-currency, there are as yet no questions!

Where do you live if I may ask? Bitcoin and crypto has been hugging the limelight this year so I'm sure that it's been on the radar of your government, so expect that your government will make their own stance (in favor or not).

To get the latest update you can relay on the internet to get some details but it is okay to consult your law offices regarding this matter but so far just watch TV since they are broadcasting things like this.

I'm sure that you can get all the information on the web, but the questions is that are they updated? Again, crypto has been in the news as of late so there's a lot of discussions behind government agencies that we are not all aware of. As for consulting law offices, there are only a few who understands it (whether as commodity or assets or money), so there's a lot of leg room to learn about the laws applicable to crypto.

[jaocoincrypto18]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

Bitcoin is a currency and investment issue therefore if their is no local news in your country then this mean Bitcoin is not yet popular in your place but as a currency you could go to your Central Banks regarding their stand on Bitcoin and as investments you could visit your commercial institution if they already authorize any local exchanges but if both are none then sad to say that you cannot sell your Bitcoin in your country.

[hacekd]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

every country has different rules about crypto control because they make their own policies to regulate it not because of perfunctory but because there is a purpose can be from start to profit or keep their assets.

[Theb]

Laws even not related to cryptocurrencies are made available for everyone. Laws are simply your basic rules, regulations, and rights when you are living in that country, not showing you your laws or even some of it will simply mean that your own government is depriving you with your own rights. I won't be touching a lot with the subject matter but laws are made available even in the web. Such as my country all Supreme Court cases (Old and New ones), Our own Constitution, Republic Acts, and Executive Orders, and even Legal Memorandums are made available for us in the internet, it is just one search away in Google. Now I can't help you with any particulars as I don't know where you live or what site is your government using to store your laws and other legal regulations but try DYOR it will really help you a lot.

[gantez]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?

Briefly, you could either get that information from a lawyer as you rightly asked or you visit the financial books of your country, either through the constitution, any financial status or tax legislation.

[Argoo]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

Each country has its own regulatory acts that regulate social relations in this territory. Therefore, of course, you first need to find out whether there is any regulation of the crypto currency in your state. If there is no such regulation, then as a general rule, in all countries there is a presumption of legitimacy of transactions, that is, all transactions are recognized as legitimate if they do not violate general rules and are not canceled by authorized bodies. Therefore, if the crypto currency is not regulated in your country, the execution of various transactions in the crypto currency must be recognized as legitimate.

[1NV3ST0NM3]

Where do you live? There may be a regulation in your country or nothing at all.
Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.

Well you may find it online on certain sites. But it would be much better if you consult your locals and the members of the bitcoin community who have been a part n parcel of this journey since a very long time. You will get better guidance if you share where you live, so that the fellow local members can help you on this issue. However, local laws about crypto and the market regulations are now becoming very much clear in most of the countries. The issue is taken up very seriously in certain countries.

[Ojengonggu]

Where do you live? There may be a regulation in your country or nothing at all.
Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.

Well you may find it online on certain sites. But it would be much better if you consult your locals and the members of the bitcoin community who have been a part n parcel of this journey since a very long time. You will get better guidance if you share where you live, so that the fellow local members can help you on this issue. However, local laws about crypto and the market regulations are now becoming very much clear in most of the countries. The issue is taken up very seriously in certain countries.

You're right that the legal situation about bitcoin that you still don't know about in your country might be fatal later on and it doesn't hurt you to consult a lawyer or legal official in your government I'm sure they know clearly about the rules and attitudes of the government there about bitcoin

[Zalura]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

in our country, the legal status of bitcoin is clear, the government does not recognize bitcoin as a direct payment instrument, the government only recognizes bitcoin as a deposit asset, but there are still many people who buy and sell cryptocurrencies, because at present the technology development without borders is free to choose, for while indeed the state has not set the limit on asset ownership

but I think in the future the government must realize how big the potential of bitcoin can be used for economic progress.

[NavI_027]

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?

Google was always there buddy, you're just one click away from the answers of your question. Yeah! It's true that some articles found on the internet are hoax or have twisted infos but there are still sites that have a good credibility and you can rey on.

In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

Here in our country, we are sure that using crypto don't lead us in any kind of trouble so researching regarding this issue is no longer needed (as of now). But when I want to get an update about the current status of crypto in our own community then I just visit this site: https://bitpinas.com/