Bitcoin is illegal in some country

[heleng05]

 I think yes there are some country that bitcoin is illegal, but here in my country I don't expect that there are android app and stores that made to bitcoin to use in buy and pay things. So that means here in my country accepted bitcoin, and some my friend thought me about the other restaurant here.

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[TorbiK]

What is meant by illegality? If the government catches me with bitcoin, then I face punishment for it? Or am I forbidden to buy and pay them on the Internet?

[Gabb]

This persecution against bitcoin in many countries speaks only of the double standards of many politicians and economic leaders of the world, since many of them try to take over and accumulate bitcoin in secret, while in pubic they do everything possible to prohibit it, from this they make sure that only they have access to the bitcoin and not the large masses.

[osasshem]

the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)

Yes bitcoin in most countries are still look at as an illegal currency. And this is a big reason that will slow the general acceptance of bitcoin.

[litmus]

It is going to be made illegal in most backward, corrupt, dictator or oligarch driven profit seeking, as they are attempting to mobilize the man power to develop their own nation crypto-currenency. Of course the outside influenced and decentralized coins need to be made illegal. I'm surprised the gist here is that they are predominantly specifically naming Bitcoin, and that they aren't banning all CC - of course for their "peoples protection"...

[dificanovi]

the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)

I think that's the wrong thing, they forbid cryptocurrency in their own country.
while cryptocurrency is very beneficial for the receiving country.
pity the poor who do not have jobs in MOROCCO (North Africa), which I know cryptocurrency can help people who do not have a job.

[cipher-x_09]

Maybe because their country is prone to cybercrime attacks which is something can affect if they allow the use of bitcoin usage would allow their cybercrime to continously sabotage their security system. As for our country it is step by step accepting in our country because central bank and government our imposing some regulations in bitcoin. Slowly but surely, just needed to be updated through daily monitoring.

[Amanda Krause]

I know it's legal in Japan

[MotulDiesel]

Few weeks ago, the government of my country establishes some new law about bitcoin and all of them are negative ! I think not many countries instead of some countries are more right. So many countries banned bitcoin as a illegal money and some of them can lead you to the jail if you do anything about bitcoin as holing, trading of mining bitcoin. However, law is just law, citizen has their own experiences and they keep doing what they believe.

[xBitHodler]

the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)

Let's be honest, who cares what poor countries do with Bitcoin? Most of countries which ban Bitcoin have financial problems and they are simply afraid of people switching over completely to Bitcoin. If I were a resident of such country I would consider moving out to another country or simply continuing using Bitcoin.

[slyfox]

I am suprised to see that using Bitcoin is punisheable in some countries. I mean, if you know bitcoin is forbidden on your country, you just have to use VPN to buy and sell, there's no secret. The trend is more often the governments banning the cryptocurrency all around the world. In my country, the IRS have said that Bitcoin might be dangerous because it lacks of regulations.

The problems are the consequences of doing such a thing, are you willing to go to jail just to hold some Bitcoin, because many people are very brave when they do not face the consequences of their actions but many will lament doing an illegal thing once they are caught, so if bitcoin is illegal in your country then it may be a good idea to not hold it.

[asus09]

Well I mean, is something like this all that surprising? In smaller countries, where they're already ridden with corrupution and the governments trying to squeeze as much as they can out of people. Do you think they're going to allow for a decentralized currency to come in as a way to hide money from the government? No, they're obviously not going to leave any power to anyone else. Because if they do, that'll lead them down a long line of them probably losing their position for being too WEAK.

There's a lot of money to be made in centralized banking, especially for governments and banks, teehee.

you are right, I totally agree. even for a small country there will be no effect for bitcoin or crypto. that is what you have said. the government holds only for individual and group interests. that is what happens to corrupt countries

[imstillthebest]

What is meant by illegality? If the government catches me with bitcoin, then I face punishment for it? Or am I forbidden to buy and pay them on the Internet?

What is meant by illegality?

it means illegal or not allowed. some countries actually banned bitcoin for some reasons and because bitcoin is decentralized therfor it is not regulated and can somehow result to illegal activities like money laundering.

If the government catches me with bitcoin

it depends on the country your in and depends also in their law or rules. some countries like bangladesh states that who ever caught with bitcoin or using bitcoin will be jailed and punished accordingly. though it also depends on how severe damage you have delt. but i think its impossible to be track down by authorites because bitcoin is kinda anonymouse.

am I forbidden to buy and pay them on the Internet?

yes , if bitcoin is restricted in your country, though you can still buy and sell or access those restricted sites using a virtual private network or vpn.

[deean_3one]

Yes, bitcoin is illegal in some countries of the world. Countries that prohibit the use of bitcoin must have their own reasons. In my country for example, the government forbids the use of bitcoin as a means of payment because they are unable to guarantee the security of using the bitcoin. But the government allows its citizens to store bitcoin and use it in other countries that allow the circulation of bitcoin.

[TomUyamot]

the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)

There are really countries that remain to be very hard against Bitcoin and the rest of the cryptocurrencies. Many of these countries are either in the continent where digital lifestyle is still very much wanting or in the Arab portion of the world. I don't exactly understand why but it seems to me that those arab countries are kind of close-minded not just when it comes to crypto but also in so many aspects as well.

[Inocean]

Just yesterday we have been discussing with friends if our government (Ukraine) could make the Bitcoin illegal and what should we do then.

[Harley29]

I wish people would just start being accepting of cryptocurrency instead of bashing it just because it isn't green paper or tangible and because of the fact that they can't collect tax as easily on it.

That's not the major reason I don't think. Yeah, it can't be regulated, but the thing is, BTC isn't practical for everyday use as of right now. The fees associated with micro transactions are way to high and the fact that there is a chance that transactions can be double spent and no confirmations etc. This is what the government is banging its head over.

Actually some countries don’t want to declare bitcoin officially because bitcoin is such a very great currency and that’s why some countries have make bitcoin legal because bitcoin is full of good advantage’s and its playing a very role in economy of countries and it have also refused unemployment from many countries so I think with a passage of time bitcoin will be legal in the rest of countries because bitcoin is good for everyone.

[nagatraju]

I didn't hear that it was declared illegal...not everywhere it is accepted and not everywhere it is welcome, but it has only been banned in China

[radjie]

Bitcoin is illegal in some countries, that's true. But I'm confused with the punishment that should be given to people using bitcoin in a country that forbids bitcoin. I think that a proper penalty for such a thing should not be more than a fine of money. Or even if you have to be in jail, do not take too long.

I do not know what causes bitcoin to be illegal in a country. but, I think it would be very harmful. well, bitcoin can provide a very good boost for each country that receives it. it is able to make people grow.

the use of bitcoin is not easily traced can be one reason most countries can not legalize bitcoin, because many crimes misuse bitcoin, but bitcoin is not intended for it but to facilitate transactions for anyone who can use bitcoin from anywhere and anytime without costly
I believe one's, economy would be better if they were able to utilize the bitcoin function as it should be.

[kunalqwe]

yes bitcoin is illigal in some country because of its high value and misuse also.