is bitcoin legal???

[cardoyasilad]

For me it's legal because in my local exchange account there are banks mode of cash out so you can easily cash out your funds as long as you submit your verification ID.

[Wind_Crypto]

Yes, as many other thread-replies mentioned, the legality of bitcoin largely depends on what you're doing with it, and where you reside, including for instance whether u declare and pay your taxes after selling it, in the US for instance.

Also note that the whole crypto mkt is new and regulations are constantly evolving, so what is legal/illegal today might not be tmr.

[DAN29]

It depends on where country do you live at. Some consider it illegal because they can't control it and don't know why its price is so high. Some just don't trust btc because they're may be traumatized by some other scammers like pyramiding.

[inthelongrun]

 
Bitcoin is legit. I was a bit annoyed yesterday when a friend of mine mentioned during our hangout that we should avoid bitcoin because it is utilized by scammers. He seemed to forgot that scams exist on fiats too. And the old banking system is scammy.  

[johnsaributua]

there is a difference between one place to another, it depends on the policy of each government of a country, there is a state that legalize there is also a ban. countries that prohibit bitcoin or altcoin or financial technology (fintech) are generally a developing country, they do not want their developing economies to be disturbed by fintech.

[eekkaa]

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 countries that have developed and advanced bitcoin is legal and can be used for their daily transactions, for example japan and china they are familiar with what bitcoin is and there have started using bitcoins as their payment.

[dbstmddhks]

Bitcoin is illegal only in those countries where it is not allowed. And where it is allowed, it is legal. I very much wait when in our country bitcoin will become legal

[acell101]

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.

yes, in our country its legal but they regulate the use of it. Its ok as long as they don't ban it. If we cant purchase it here we can purchase it through online buying.

[Jerical13]

Bitcoin is illegal only in those countries where it is not allowed. And where it is allowed, it is legal. I very much wait when in our country bitcoin will become legal

yes bitcoin is partly illegal. and all this depends on the specifics of the country. There are countries where bitcoin is legal. And do you know what kind of countries are these?

[seattlenonsmoker]

Bitcoin is illegal only in those countries where it is not allowed. And where it is allowed, it is legal. I very much wait when in our country bitcoin will become legal

yes bitcoin is partly illegal. and all this depends on the specifics of the country. There are countries where bitcoin is legal. And do you know what kind of countries are these?

Japan belongs to those countries in which crypto-currencies are not prohibited for use. The regulatory and legal framework, thanks to which the crypto currency will be legalized, has been developed, but so far, small changes have been made to it. After everything is ready. In Japan, they are going to start actively introducing the digital currency into the economy.

[kotajikikox]

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.

The question of your topic is also have you answer, but i try to explain briefly about the legality of bitcoin for every country, every country have an priciple and have law regulations about the local currency. But so far some countries accepting bitcoin as currency and give an legal permit, so there arenothing impossible in the future the other countries not understand the importance of Bitcoin after a month or a year if they understand Bitcoin important how to help to the economy for their country government officials surely give legal permit for Bitcoin as legal cryptocurrency.

[Olivia_Nielsin]

Bitcoin is legal. The only thing that it makes bitcoin illegal are the illegal transaction that being made using bitcoins. We all know internet is vast and unprotected. Bitcoin can be use as another method for corruption. Other country are trying to minimize the usage of bitcoin or worst they are banning it since they cannot regulate bitcoin and transaction online can be really hard to find.

What about those countries which banned Bitcoin? What can you say about them?

[tangbori]

It depends on your country because its not yet accepted as a means of payment by the government of all countries in the world. One can say bitcoin is legal in Japan because the government recognize it.

[musharaf]

Yes i think bitcoin is legal because there is no harmfulness to us and to the people of the world we can earn through proper way if a person earn through smuggling i think that will be not the legal earning but the bitcoin is the transparent way of earning So for me it is good to use bitcoin and to earn bitcoin in this way we can become the permanent crypto users which is good for us and for our future.

[simarpreet1102]

It depends on which we are living in my country Indonesia our government does not allow bitcoin for good and services but it's allowed for in restaurants  . So it is legal in my country for some exchanges

[Gerandoong]

bitcoin is legal or not depending on the policies of individual countries and also depend on the function of the bitcoin itself. If used for the positive then the bitcoin is arguably legal.

[xuv500]

Bitcoin is a digital currency and it is worldwide usage cannot be stopped saying it is illegal in a specified country. You can transact or exchange in other part of the world who accepts bitcoin if any of the countries you live says bitcoin illegal. They can just ban bitcoin in their country but cannot say bitcoin is illegal just like that for a worldwide accepted digital currency.

[Triopeloda]

In Indonesia alone, indeed for now the government is still paying attention to the development of bitcoin. for bitcoin latching is still from the initial stage. Even so di Indonesia already many who use bitcoin to transact.

[yudayaurelia]

In a paper posted on his personal blog, cholilnafis.com, the man born in Sampang, East Java, explained, "some scholars say, Bitcoin is the same as money because it becomes a medium of exchange accepted by the general public, the standard of value and the means of saving. in recognition of the general public because there are still many countries that reject it. "
What KH Cholil discloses is true. Let alone in Indonesia, abroad also the presence of Bitcoin still sparked a debate. Starting from politicians, banking circles, entrepreneurs to top world technology companies, busy to comment on Bitcoin. Thus, continued KH Cholil, Bitcoin position as a tool of exchange according to Islamic law is allowed, but on condition that there must be handover (taqabudh) and the same quantity if the same type.

[ToxicMind91]

Bitcoin is legal or not it's all depending on how that goverment looks at it.
If the goverment see it's potiental and positive so absolutely it's legal ( Japan , US )
But if you're looking at the negatives so 100% it's illegal ( Korean, China,...).