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Author Topic: is bitcoin legal???  (Read 2970 times)
Bit talk
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April 27, 2018, 04:12:26 AM
 #701

Its depended by country's  s some countrys accepted BTC trading and some county's not accepted, my country also not accepted BTC, here BTC is illegal 
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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boss@laway
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April 27, 2018, 04:40:25 AM
 #702

Bitcoin is illegal in any country. because I call it Future Money, but there are some countries that it does not allow because it can be used badly. such as payment from a computer transaction, but it is being deducted from a country but I see that it is a good thing for a lot. because it literally works online
dilandanmilea
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April 27, 2018, 05:14:07 AM
 #703

Yes, it all depends on the government policy where we are. Of course also it is related to the regulations in a country. As long as bitcoin is used as a positive activity, does not violate the rules and is not an activity that refers to criminality, I consider it legal.

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bitadmiral
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April 27, 2018, 05:25:06 AM
 #704

legal in France, Germany, Israel, Italy, Japan, South Korea and other countries, but many others banned bitcoin without good reason of that, nowadays it is legal only in countries that allowed it to be legal
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April 27, 2018, 06:04:19 AM
 #705

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.

Actually bitcoin become legal to many countries because of exchangers like coinbase, coins.ph and etc. that requires KYC(know your customer). This exchangers is legit because it is registered and has a business liscensed on specific country. That's why goverments have an idea to legalize bitcoin because they can control exchangers through tax and some other business fee.

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bidbud
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April 27, 2018, 06:04:38 AM
 #706

in my country indonesia, bitcoin is not yet legalized, but i am sure in the future bitcoin will be excellent in trade transactions ,,
Coinhype
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April 27, 2018, 06:08:18 AM
 #707

I think bitcoin does not offend any law of this world. Im sure there are some countrys or gouverments who has forbidd another currency in their country. And the past weeks you read some news about binary codes which are entered forever in the bitcoin blockchain who has some ilegal stuff in it. This code are called cryptograffitis. Those codes could be dangerous for bitcoin, because they can have ilegal stuff in it which are offend against laws of many countrys.
Micerker
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April 27, 2018, 06:11:05 AM
 #708

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.
Very few countries accept Bitcoin and accept it as generic. In countries where Bitcoin is prohibited, if you use or own it, you will be violating the law. There are many reasons why Bitcoin is banned and is considered illegal because it is used to carry out illegal transactions.

Menez kibo
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April 27, 2018, 06:16:19 AM
 #709

Depending on where you live if in my country illegal bitcoin to make transactions and for investment is not prohibited as well
captin crunch
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April 27, 2018, 06:22:56 AM
 #710

In general yes it is, there is nothing illegal in bitcoin. But it should be mentioned that very often it is used for illegal activities, as any asset I guess and it is difficult from the side of governments to control transactions, so some of them just proclaimed it illegal, to make their own lives easier.

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April 27, 2018, 06:29:20 AM
 #711

Legal for who ? Normally it is legal but It is depends on which country you live. I think, bitcoin or other cyrptocurrencies do not need the law

rockybar
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April 27, 2018, 06:48:32 AM
 #712

Maybe some country are ban using crypto. but in my country bitcoin and altcoins are all legal. they allow some school and some companies to recieve payment tru bitcoin or altcoins. there is nothing to worry if you know that you are earning cryptocurrency in an legal way.
clipman77
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April 27, 2018, 06:58:34 AM
 #713

Over time, bitcoin is legalized in many countries. When governments understand that it can benefit them, they will take on bitcoin. There will be laws that will regulate crypto-currencies. As long as most countries in the world do not prohibit bitcoin, because they do not see a threat in themselves.
kiemnhieutien
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April 27, 2018, 07:05:50 AM
 #714

it depends on where do you live. Some government accept bitcoin as legal, and most of countries still don't accept bitcoin.
Kolya albina
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April 27, 2018, 07:15:49 AM
 #715

Yes, I think you are right, the rules in each country are different. There are countries that prohibit and there are countries that allow to use them. In my country for bitcoin and cryptocurrency there is no rule yet, so it can still be used in my country and already some big companies in my country run ICO in bitcointalk forum. My hopes of Bitcoin and cryptocurrency are legal in my country.
Robin,Hood
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April 27, 2018, 07:16:44 AM
 #716

For free persons it s legal

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denbagoes
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April 27, 2018, 07:20:54 AM
 #717

Yes, that's true.
The legality of bitcoin activity will depend on countries whose governments are willing to review repeatedly about BItcoin.
Not only judging from the negative side only. The government that legalizes Bitcoin will certainly provide the best facilities for the community and fully support, making it easier for Bitcoin users to make transactions.

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cryptomeo
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April 27, 2018, 07:24:46 AM
 #718

Bitcoin is the legal in US as far as I am concern. China didn't ban Bitcoin, They just ban any capital outflow, public sale of ICO, and ban crypto mining who misused government subsidy and stealing electricity for mining.
India only ban banks dealing with bitcoins. So there are still a lot grey area which central governments still unsure how to understand or regulate it.

Obviously, some countries taking the 'easy way' out now by set total ban on Bitcoin,

more info,
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
https://www.lifewire.com/where-is-bitcoin-illegal-4156601
fzatni
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April 27, 2018, 07:27:44 AM
 #719

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.
in some europe countries maybe bitcoin is legal so can transact easily, but in my country there is no legal decision even in some cities there is really banned bitcoin
ciplut
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April 27, 2018, 12:17:02 PM
 #720

bitcoin does not all recognize that bitcoin can be used for legitimate payments, but bitcoins in most countries are allowed to make virtual payments and crypto investments
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