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Author Topic: is bitcoin legal???  (Read 2970 times)
gilangIDR
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February 16, 2018, 03:07:42 PM
 #161

In my personal view I would call bitcoin a legal thing. However, there are some countries that consider bitcoin as an illegal thing and there are some states also that free bitcoins are used. I think this is very dependent on ourselves, bitcoin is still in development and is currently still divided into two sides of legal and illegal. For me I will still use bitcoin because I believe that bitcoin is a currency of the future. With the existence of bitcoin my life becomes easier and also more improve the mobility that I have in living this life. So let's use bitcoin because bitcoin has many benefits even though there are currently some risks we might get when using cryptocurrency.
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DedvTapkax
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February 16, 2018, 03:08:39 PM
 #162

Now bitcoin is legal in many countries. I think that in the future the whole world will legalize the crypto currency. People should understand that crypto is our future.

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February 16, 2018, 03:14:21 PM
 #163

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.


Yeah you are correct that the legality of bitcoin is depend on you and where you live. Bitcoin is to totally tax free and the all transaction of it in one state is depend were it legal or illegal based on their implementing laws about currencies and also the acceptance of one nation. But bitcoin is considered as legal digital currency as of today because most of transaction within is allowed by the government.
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February 16, 2018, 03:15:25 PM
 #164

At this point in time, I would consider it legal.
Yes sir,I am agree with your statement.bitcoin is fully legal.bitcoin is a virtual coin and people use it in many ways,some people use it in illegal way but there number is a little bit. So I think bitcoin is fully legal.

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makerst
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February 16, 2018, 03:18:00 PM
 #165

And what do you mean by this, because personally I can not understand what exactly bitcoin is not legitimate. I think that bitcoin is completely legal, because I consider it our future means of payment
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February 16, 2018, 04:14:55 PM
 #166

In selected countries, bitcoin is legal because their government approve bitcoin and they made an order about it that is allowing bitcoin to be used in their country and also to the stores to accept it so that is why bitcoin is legal but for the majority of the countries in the world, it is either bitcoin is illegal or still not determined if legal or illegal.

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February 17, 2018, 07:48:52 PM
 #167

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.
It is legal in some countries and in others it is illegal
Harley Quinn
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February 21, 2018, 02:37:08 PM
 #168

Only those who want to oppress us have any interest in trying to cripple the crypto world.
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February 21, 2018, 02:54:25 PM
 #169

yep bitcoin is legal of the other countries and i dont know why it's illegal in some countries.
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February 21, 2018, 03:42:29 PM
 #170

Yes,you are right. The legality of Bitcoin depends on country you live in. There are many country like Japan have legality on Bitcoin. In many country's government don't give any legality on Bitcoin. In majority country you will see Bitcoin as legal,but it will take time.
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February 21, 2018, 03:46:20 PM
 #171

yes of course legal. in future maybe can unlegal but now legal
FiveReelsOne
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February 21, 2018, 03:55:15 PM
 #172

I think there are countries that are perhaps accepting Bitcoin, but there are alo countries that bitcoin is a hot topic on which if it will be considered as currency. It is because this has to be studied in order to fit with the current set up of each And every government specially on tax and its use. It may also affect he economy in terms or infaltion. Generally it is not yet an accepted kind of curreny only that there are some who are adapting it as a form of exchange.

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MWesterweele
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February 21, 2018, 03:58:26 PM
Last edit: February 21, 2018, 04:15:10 PM by MWesterweele
 #173

Most of the countries do not accept bitcoin as legal, as they have no strong basis and backup. Japan said that trading with these cryptocurrencies would be a legal aspect, but like India and China and many other countries do not accept this trading legal yet.

As of now some countries are not accepting bitcoin as legal because they had there own way in trading there products but other country use bitcoin as there payments.
Yes because bitcoin is not doing bad that can harm to people who using it, maybe the reason is the way of using it, because it can use it as payment for illegal transaction so some government is not accepting bitcoin to there country. But even there's happen like that it still continue using of many people and until the community of bitcoin is growing more.

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February 21, 2018, 04:05:52 PM
 #174

i would consider it New and semi-legal. the problem is with regulation accepting it.
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February 21, 2018, 04:09:17 PM
 #175

Well this is from which side to look, because many say that it is not quite legal, some on the contrary say that it is legal, so I think that today it is very difficult to answer this question, therefore I believe that it is necessary to decide only himself, because Bitcoin was specifically created specifically for people
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February 21, 2018, 04:36:27 PM
 #176

The legal status of Bitcoin and the digital currency is still a hot debate to date, but significant progress is evident in some countries.
Some countries legalize bitcoin but there are some countries also that have not legalize bitcoin.
Some countries began to look at Bitcoin and digital currencies with different perspectives, and try to enforce the rules of the digital currency.

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February 21, 2018, 07:01:07 PM
 #177

We don't know; actually, bitcoin are just some points in a strange videogame, so there is no sense to define them "illegal".
But of course it could be a problem to change them in fiat money, if the government decide to ban them.

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February 21, 2018, 07:50:58 PM
 #178

It's a strange situation, because in the meanwhile some countries accept them (in Swiss, you can pay taxes with bitcoin...) other country try to ban them.
We expect a common decision form some kind of entity, but there is still no sign.

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February 22, 2018, 02:51:30 PM
 #179

Yes, bitcoin is legal. Bitcoin was approved by the different countries in our world such as United States.
With the help of the government in United States, using cryptocurrency in the South Korea was know accepted in the market. Banning crypto in Korea was remove.
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February 22, 2018, 05:29:07 PM
 #180

Not really. More precisely not everywhere. I heard that many countries took it into circulation, but many also banned it. But you can pay them in places where they take it.
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