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Author Topic: is bitcoin legal???  (Read 2970 times)
jony35490
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March 17, 2018, 01:03:24 PM
 #461

In my opinion Bitcoin legal. Cause I believe it will be a part of future currency of all time.
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evader11
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March 17, 2018, 01:07:35 PM
 #462

In my country in the philippines where i live bitcoin is not legalized. We know that every country have a different policy in terms of rules and regulation. I believe that it will become a legal in the right need. They just need time talk and to do about bitcoin. Just wait the announcement and stay tuned about it.

Jcag07
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March 17, 2018, 01:16:42 PM
 #463

If there is consensus on a particular asset as a mean of payment by large group of people spread across a country and the world such asset like bitcoin become legal for those that uses it. Bitcoin is a legal and the government all over the world knows it.
There are some countries that bitcoin is a legal currency but in the philippines bitcoin is not totally legal because our government doesnt even know about this. But when the time comes that they know about bitcoin, they might put tax on it.
WorkingDead84
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March 19, 2018, 08:14:52 AM
 #464

It is legal only in the countries that allowed it to be legal, I mean such as France, Germany, Israel, Italy, Japan, South Korea, etc. But many others banned the bitcoin without a good reason for this...
serkhio
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March 19, 2018, 08:25:30 AM
 #465

It depends on the government. But now no government acknowledged it nor banned it. Later the bitcoin may become the currency like US dollor but also likely to be zero.

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Rlyn
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March 19, 2018, 08:31:54 AM
 #466

well i think some country legalize the bitcoin because nowadays bitcoin is used mostly in paying bills. but some country doesn't recognized yet the presence of bitcoin so surely it is not yet legal around the world

dalesotpi
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March 19, 2018, 08:31:58 AM
 #467

Yeps! Bitcoin is accepted at different levels in each country. Others only citizens knew of it and uses it and government did not recognize it, other countries regulations have not been imposed and so is taxation, others have banned it totally, while others have legalized its existence.
And so in many countries bitcoin can be used as payment for buying stuffs.
cp3mc
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March 19, 2018, 08:44:52 AM
 #468

Bitcoin is legal and it's should be legalized in every country to make payment and service very switchable to avoid long cue and traffic in banking.
katixrecamara
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March 19, 2018, 09:01:08 AM
 #469

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.

bitcoin is accepted and recognized on different levels in each country globally.
Many have legalized it, others have accepted and regulated it, taxation imposed. Others have just started taking steps in regulating it, while others were only recognized on a citizen level but not by government.
Other governments have banned bitcoin before, but have now welcomed it.
check this link https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp
arunakiran
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March 19, 2018, 09:24:25 AM
 #470

I think it depends on which country you are in. Most of the countries till now not legalized to trade cryptocurrencies. Even any country not officially announced it is legal to trade.
gabum19
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March 19, 2018, 09:26:04 AM
 #471

It is legal for other countries. It depends on the levels of goverment and by the law. It also depends of the citizen if they respects it the way we want it.
mia khalifa
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March 19, 2018, 09:31:46 AM
 #472

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.

of course bitcoin is very legal because it has been proven in a country that has a very advanced financial condition bitcoin has become a legal means of payment and can be used to buy anything for example america, china and japan have received bitcoin for its payment method.
yomarve
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March 19, 2018, 09:36:10 AM
 #473

The existing regulations in each individual countries will determine the legality of bitcoin. Some states hasn't banned it but they do issue warning to protect their citizens. These warnings I think we're as a result of the significant increase in Ponzis in 2017.

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Rayver26
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March 19, 2018, 09:53:07 AM
 #474

For me it is legal. Because now you can use bitcoin for transactions, buying things online and sending money to love ones. Although some countries did not allow since they have their own crypto currency. And it is very popular now and many peope are using it.
GreedIsNotBad
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March 19, 2018, 10:01:31 AM
 #475

Quote
is bitcoin legal???

To know for sure, go to the police and tell them you own some bitcoin. If it is illegal they will put charges and if it is not the won't. This way you will know 100% if it legal or not in your region.
lance04
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March 19, 2018, 05:14:39 PM
 #476

Yes,  that is right the company and management of bitcoin is legal company because they have comply in the requirements that imposed by the national government.
Therefore they have a license to operate which all transactions,  negotiations and partnership or collaboration they have are bless by the government.
ViceKing
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March 19, 2018, 05:55:02 PM
 #477

yes, it is real bitcoin is legal. I believe most of us really not care about legal or not, as long profitable they will take the chance..This affects all cryptocurrencies, but especially bitcoin, given its market leadership and integration into the global startup ecosystem.bitcoin is godfather. Roll Eyes
btcefeyigit39
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March 21, 2018, 06:10:09 AM
 #478


This is actually the case because of all the current troubles. the government can not make new arrangements in the crypto money market, this market is illegal.
Onur_luna
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March 21, 2018, 08:12:41 AM
 #479

There is a reason why you should not be legal. the shopping mall will come alive and only be used by BTC.  Cool
MaryConwell
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March 21, 2018, 08:30:35 AM
 #480

Some countries of late have banned bitcoin in light that it could lead to money laundering. However, a majority of laws don’t necessarily pertain to cryptocurrencies by its very definition and if you aren’t breaking the law, it isn’t illegal.
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