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Author Topic: Bitcoin and Cryptocurrency are considered illegal?  (Read 1286 times)
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November 15, 2017, 07:22:53 AM
 #41

I think this is natural because many governments are banned by bitcoin and cryptocurrency, they assume that bitcoin and cryptocurrency are a means for money laundering and tax evasion.

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November 15, 2017, 07:26:12 AM
 #42

My point of view Bitcoin & Crypto Currency definitely legal.Because crypto business is very popular platform over the whole world.Day by day People strongly enter in the cryptocurrency business.But many countries announced Bitcoin is a illegal platform.

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November 15, 2017, 07:27:38 AM
 #43

Not in every country but since it's untraceable and moderated by none that's why many people abuse it.Bitcoin is banned and considered illegal in many country because of money laundering and others crime activities.Some country has warn their citizen that anybody caught using virtual currencies like bitcoin will be jailed for atleast 12 months.

But the good news is bitcoin is not considered illegal by all countries in the world.Some countries are tagged bitcoin as illegal but most of the countries In the world praises bitcoin.That's why bitcoin is so much popular worldwide.

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November 15, 2017, 09:02:41 AM
 #44

I think this is natural because many governments are banned by bitcoin and cryptocurrency, they assume that bitcoin and cryptocurrency are a means for money laundering and tax evasion.

Most scandals about tax evasion, as we all know very well, are connected with rich people, including government members do not disdain it.

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November 15, 2017, 10:54:01 AM
 #45

Bitcoin and Crypto Currency definitely legal. Now bitcoin and crypto era.Bitcoin makes new revelation for world economy. Bitcoin and Crypto business is very popular over the whole world. So many countries announced Bitcoin is a illegal because it's decentralize, The govt don't get any tax and don't control. Some country announced it's legal because they get Tax and they know what is bitcoin and how much benefit from bitcoin and cryptocurrency.

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November 15, 2017, 11:11:45 AM
 #46

Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.

What do you think, how can I explain to my parents? some article would be great. Thank you all!

All things in this world can be abused and no exception with bitcoin. As  long as we obey the rules that apply in our respective countries, I think there is nothing to worry about. Tell your parents that what you do with bitcoin is the things that still follow the rules that apply in your country. Give them proof of what you do with bitcoin.

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November 15, 2017, 11:22:19 AM
 #47

Illegal? ahh, does that matters? There are a lot of VPN's to try if you want higher safety. Also who cares if it's legal or illegal somewhere? There are so much illegal things, curious but all of them are used more frequently than legal things. So don't worry about that, you won't get in trouble, the only reason of your trouble will be if price fall, nothing else.

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November 15, 2017, 11:33:08 AM
 #48

Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.

What do you think, how can I explain to my parents? some article would be great. Thank you all!

There is hardly anything you can do to convince your parents and not only you but equally for a lot of us who have parents and the reason is because while the generation that they were born, they are to accept whatever is being said or given as instruction as against our own which is about questioning the standard. What you do to avoid trouble is to keep them out of your dealings because I expect for anyone to be involved in bitcoin means that he/she is an adult and able to be responsible for his actions and held accountable for it as well.

For the government, you I personally don't expect them to say something otherwise because anything that wants to challenge their continued dominance will not be tolerated and going to the point of announcing on TV shows how long they are willing to go. What should be something of paramount to you is how they are willing to effect the new policy.

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November 15, 2017, 11:38:30 AM
 #49

Bitcoin and Crypto Currency definitely legal. Now bitcoin and crypto era.Bitcoin makes new revelation for world economy. Bitcoin and Crypto business is very popular over the whole world. So many countries announced Bitcoin is a illegal because it's decentralize, The govt don't get any tax and don't control. Some country announced it's legal because they get Tax and they know what is bitcoin and how much benefit form bitcoin and cryptocurrecny.

I think I've read some countries banned bitcoin but this is not one of their reasons. Bitcoin is banned because of some political and serious reasons. We just need to respect these reason and make any conclusions that this is any kind of matter that includes the greedines of the government. This is a decentralized currency so it is out of their reach, unless they banned it. Grin

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November 15, 2017, 12:10:43 PM
 #50

Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.

What do you think, how can I explain to my parents? some article would be great. Thank you all!

Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin.
Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.

Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.

Some links for reading/education are currently in my signature.

This has never happened so stop spreading FUD.
Rather than showing your personal frustration against banks here you should be thankful to them.
Almost all of the new bitcoin users generation has used banks to transfer their funds to exchanges without wire transfers we would still be exchanging coins behind 7-eleven.

Take your propaganda elsewhere.

Illegal? ahh, does that matters? There are a lot of VPN's to try if you want higher safety. Also who cares if it's legal or illegal somewhere? There are so much illegal things, curious but all of them are used more frequently than legal things. So don't worry about that, you won't get in trouble, the only reason of your trouble will be if price fall, nothing else.

There were a lot of keyboard warriors just like you who said nothing will happen to me.. I'm above the law.
Then there was a knock at the door and the former superhero started crying like a toddler while he was "invited" to the police station.

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November 15, 2017, 11:59:29 PM
 #51

Illegal? ahh, does that matters? There are a lot of VPN's to try if you want higher safety. Also who cares if it's legal or illegal somewhere? There are so much illegal things, curious but all of them are used more frequently than legal things. So don't worry about that, you won't get in trouble, the only reason of your trouble will be if price fall, nothing else.

There were a lot of keyboard warriors just like you who said nothing will happen to me.. I'm above the law.
Then there was a knock at the door and the former superhero started crying like a toddler while he was "invited" to the police station.
Stop talking shit, would be better, consider this, really..
If you don't know how to protect privacy online that's your problem, not mine. VPN is very basic and I guess no one will care seriously about your bitcoin transactions and if you ever used bitcoin. Let's imagine owner of bitmixer, was that man arrested? His website was source of filling all darknet wallets but that man is free because he is smart. Am I still warrior like you said? And how can you tell that about me? I know how to hide my information seriously but I don't need it because everything I do is illegal but I have thought about that really, really much and know what to do in extremal situations. So learn on mistakes and think about some ways of protecting your privacy here, VPN is simple but humans can use good VPN safely in countries where bitcoin is banned.

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dhka
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November 16, 2017, 02:33:39 AM
 #52

I dont know about your country, in mine the transaction using otherthan national currency is illegal, other than that is fine

To me crypto in general is legal, the one should be illegal is pump and dump coin which is ripping off people money

xandriel
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November 16, 2017, 02:45:05 AM
 #53

Don't worry man! I think they just ban if you use Bitcoin for a direct payment. How about you convert BTC to USD or your currency. I think it is legal

lupinvn
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November 19, 2017, 12:13:57 PM
 #54

I dont know about your country, in mine the transaction using otherthan national currency is illegal, other than that is fine

To me crypto in general is legal, the one should be illegal is pump and dump coin which is ripping off people money
I actually don't think the people who trying to pump or dump coin price is illegal because if they just do it by themselves and nobody join with their waves. Nobody is hurt. But because players who saw the price is going up too fast and falling to FOMO situation then they buy it and hope to get profit in a very short term. Their money, so they have to control it, and have responsibility on it. Can't blame anyone for that  Grin
p/s: Thank you all for many informations, and I think maybe we could use bitcoin and cryptocurrency freely in the future without any control because maybe there are no way for people want to control it, crypto is just for use, not for tracked and manage. lol
ladydark
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November 19, 2017, 01:08:17 PM
 #55

It depends on the country you live.Some countries like japan have legalized bitcoin and you could even buy a flight ticket there with bitcoins while some countries like bangladesh have banned bitcoin and even six months imprisonment is given to bitcoin users.Bitcoin is a new form of digital currency and many governments fear that they would lose their control over their economy if they allow bitcoin.You could earn bitcoin and be careful while spending it since your government has mentioned it as illegal.

BlackPanda
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November 19, 2017, 01:14:26 PM
 #56

Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.

What do you think, how can I explain to my parents? some article would be great. Thank you all!
I think people who think of Bitcoin as illegal are those who do not understand Bitcoin. Until now there are still many countries that have not determined their attitude towards Bitcoin and this has proven that Bitcoin is still free to use. I as a Bitcoin user who has been using for 4 years ago thinks that people who say illegal Bitcoin are those who are afraid of Bitcoin, they are afraid when the Bitcoin price movement happens very quickly. Though it does not always have a negative stigma, when we are smart and careful then we can actually use it. only smart people who will succeed and those who dare to take risks to use Bitcoin is one part.
kiboloves
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November 19, 2017, 01:16:03 PM
 #57

You should pay attention to the risk, if in your country, the government has banned bitcoin publicly. In addition, don't let your parents get angry, try to communicate with them, parents are your most reliable person. You know, this is your greatest wealth. Am I correct? My friend
sofi@
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November 19, 2017, 01:18:27 PM
 #58

Bitcoin is not illegal in fact some countries like Russia support bitcoin and crypto currencies the only problem is that bitcoin like a normal currency can be use for illegal activities and for sure there are some syndicate that uses bitcoin in their transactions and we cannot help that nor trace their transactions since bitcoin don't have anyone to control it. This things must be known to all people so they will not accuse bitcoin as an illegal currency.

J_Dubbs
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November 19, 2017, 01:26:05 PM
 #59

Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.

What do you think, how can I explain to my parents? some article would be great. Thank you all!
A little advice. Do not tell your parents about this earnings and generally no one if a person does not understand. If a person gets information about bitcoins only from the TV and media that you can buy. This conversation will not lead to a consensus.
Lipe490
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November 19, 2017, 01:41:01 PM
 #60

In most of the countries, you can buy and sell bitcoins and cryptocurrencies as long as you pay the taxes the right way and declare your coins to the IRS. Actually some countries have oficially accepted bitcoin as a payment method. I always say that Russia and maybe China will be the first countries to announce bitcoin as 2nd official fiat money.

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