Is Bitcoin legal

[Tumanggor]

To the best of my knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.

But have you come to think of it... Whether Bitcoin can be used for illegal Activities...
What are some ways you think it can be used for? (illegal Activities) mention some.
 

prohibited is not necessarily illegal, as it was reported that Thailand, Philippines and some other countries allow Bitcoin to be used by its citizens,
but they have not authorized Bitcoin to be used as a means of payment.

[mypat3op]

As far as i know, there are no countries that prohibit the purchase or sale of Bitcoin except a few countries. Bitcoin worldwide is legal. I think it is exaggerated to use Bitcoin in illegal transactions. Criminals are trying every possible way to commit a crime. Criminals sometimes use Bitcoin, sometimes fiat money, and sometimes gold.

[felipe04]

To the best of my knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.

But have you come to think of it... Whether Bitcoin can be used for illegal Activities...
What are some ways you think it can be used for? (illegal Activities) mention some.
 

No regulator in crypto so this are base only on users,traders and investors if they use this so your business only can answer if it's legit or legal so this is legal for me because i use this in a lot variety of payment method and i use this because i can rely some of my needs in life so that's crypto can brings to me so this is legal because i use this with all of it's conveniece

[Crystacool]

To the best of my knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.

But have you come to think of it... Whether Bitcoin can be used for illegal Activities...
What are some ways you think it can be used for? (illegal Activities) mention some.
 

Yes, bitcoin is used by some criminals as a crime fund. But only a small fraction of the money is used by criminals to commit crimes. We can't believe that bitcoin is illegal. This is not to blame bitcoin.

[Nellayar]

I don't know if its true, there are some countries that banned bitcoin and other cryptocurrencies. I just saw it in some thread and news.
Well, in my country, cryptocurrency is not regulated by the government. In fact, there are some establishments and banks that offer services in relation with crypto. But, the government tried to warn us crypto enthusiast that we should know that 50% in cryptocurrency maybe a scam. Well, we all know here that it is a risky to be a hodler of cryptocurrency.

[CryptoRothschild]

As far as I know Bitcoin is not illegal anywhere, but in most places is not explicitally legal either. In Japan and Bielorussia I know it being legal also officially.

[JennetCK]

We can say it is legal because it is not declared illegal and most of countries are accepting and acknowledging bitcoin in their area. You can also say it is illegal because many scammers are using bitcoin for their doings. I can say it is legal because, in our country, bitcoin can be used anywhere and it is also regulated and acknowledged by the Central Bank of our country.

[AdoboCandies]

There are countries that treat bitcoin as they are illegal they implement some laws that limit the using of bitcoin , because someone using them as a payment for illegal activities and items and other people knows it as a scam, But in the brighter side other countries acknowledge the potential of bitcoin and allow bitcoin to use in their country and they support it now, countries that allows bitcoin helps the bitcoin to grow, bitcoin depends on how the person use it in legal things or not.

[Renzozamora]

Yes Bitcoin is legal approval by Government in many country no have bad news about bitcoin like scamming.

[sbjkfl]

This has been a subtle question asked by many, is bitcoin really legal. For me the legality of bitcoin by countries will be determine by the faith the government of the countries of the world have on the traceeability of the transaction done on the blockchain. For now bitcoin and cryptocurrency generally are decentralized in nature and this makes the traceeability of the transaction done almost impossible. The implications is that this could easily becomes a platform for funding terrorism, money laundering etc. This no doubt as makes many government of the world not to accept bitcoin as a legal entity. However there is increase agitation for regulations to be introduced and when that is fully implemented , then bitcoin will easily be adopted as a legal tender.  

Even if the world recognizes it, China will not admit it. The vast majority of bitcoin is in Europe, America and Japan. Once it is recognized, China will become a slave to Europe, the United States and Japan. China will only develop its own digital currency, controlled by the People’s Bank of China. Bitcoin will never imagine that Bitcoin can be consumed in China.

[marcbitcoins]

To the best of my knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.

But have you come to think of it... Whether Bitcoin can be used for illegal Activities...
What are some ways you think it can be used for? (illegal Activities) mention some.
 

Bitcoin need to be legal so that it could be regulated and to make sure it will not be used in illegal activities such as money laundering, smuggling drugs, ammunition, explosives and it might use the platform to scam people. All of these are possible to put any country and the welfare of the people at risk therefore it is vital for every country to legalize Bitcoin and make it regulated well.

[Wipangga]

bitcoin is a digital currency, with an easy way to earn faster profits, and currently my country's bitcoins are not yet legal. there is the possibility that one day the government will recognize the existence of bitcoin, because bitcoin for our society can help their economy-them every day.

[Ezmael Wright]

in my answer depends because I just answered the topic so I did not know what bitcoin it was,bitcoin depends on how the person use it in legal things or not....

[Renal]

Bitcoin is illegal in my opinion like a Japanese country that has been using bitcoin transactions but still some countries are banning bitcoin because bitcoins are not physical.

[Virman01]

it's true in some bitcoin countries it is illegal, but it all depends on us who use it for what? whether for illegal activities or for positive activities. than we think of the negative things we do we should spread positive energy for the use of bitcoin itself .. and if we talk about how the use in illegal things of course a lot of ways if we want. but for what? really no good benefits. #CMIIW

Thanks

[joshua05]

of course the bitcoin is legal, it would be illegal if you use it illegally, such as a piramiding scam, and so on, many bitcoins can be used as long as it is only legally and safely used

[tegarp90]

It's not legal in several countries because crypto can be used for crime transaction with no tracking detected, the government confuse if someone's is corruption and convert his corrupt's money into crypto

[Choyor]

To the best of my knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.

But have you come to think of it... Whether Bitcoin can be used for illegal Activities...
What are some ways you think it can be used for? (illegal Activities) mention some.
 

Each country will enact legislation that confirms the prohibition of using virtual currency that they deem to have no clear legal aspects. You can not reliably detect the legality of Bitcoin because the results will vary from country to country. in a country Bitcoin can be used for various purposes of everyday life while in other countries Bitcoin can only be used as a means of money transfer because in that country prohibit the use of Bitcoin to conduct transactions.

[chengyinoing]

Some countries have announced that the currency is legal, some countries are exercises supervision and control between the rules of each country there will always be inconsistent, I think the currency will have a very good future.

[labilaab]

All I can say is that Bitcoin is legal for me in a way that it is a convertible decentralized virtual currency.And aside from that, its the world’s first digital, decentralized currency that isn’t controlled by anyone at all.Moreover, the very concept of Bitcoin implies that anyone with enough computing power can create coins by simply being an active part of the community. So there is no any mark of suspicious activity at least for bitcoin to be legalized, right?
But honestly, we can’t hide the fact that Bitcoin will be a subject also for illegal activities.Like the Bitcoin scam sites; The claiming to be Bitcoin-mining sites online, promising us a good return even hourly profit that is just too good to be true but in reality it isn’t but just left us robbed. And since bitcoin has anonymous transaction, its really hard to trace the real owner of each btc users that’s why the dirty business of online world or activities be tempted to use it.