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Author Topic: Is owning bitcoin a crime?  (Read 1971 times)
iillaa
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March 31, 2018, 08:57:21 PM
 #41

well its not a crime  at least from where i came from     

maybe you think so because all of the new rules and restriction and regulation of icos and  tax on crypto in usa  and many dramatic stuff happened in media

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March 31, 2018, 09:07:43 PM
 #42

Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

Owning bitcoin is really not a crime. This technolgy has a mission and vision that helps people to make the easiest and fastest way in doing transaction and it's really help for the financial stability of people. It has a good cause whilw entering to the market. Maybe some of us saying that holding it is a crime because other people are using it in a wrong way. This is means that btc is not a crime and the people on itself are the one who responsible in doing a crime.
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March 31, 2018, 09:18:29 PM
 #43

Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

For me it's a big No, bitcoin never be a crime in my eyes because it helps many people to reaching everyone's dream in life. It always serves the opportunity and benefits to us.  All of this we can consider as the basis that holding it is not being a crime. Maybe the perspective of some of us is like that because some other people are using btc in wrong way and totally abusing this system.  But in this case the one who did the crime is none other than but people.I believe that  we are the one who are resnposible for everything's gonna happen to our btc.
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March 31, 2018, 09:27:48 PM
 #44

Now not at all, owning bitcoin will be the best decision someone can ever take. There are some countries who does not have the clear vision of future. Hope they will get it soon.
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March 31, 2018, 09:34:27 PM
 #45

Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/
not to me, I think the crime can come and it appears where bitcoin can also be entered into crime one example as a fundraiser or search for criminal it all back again to the vision of the mission of the investors themselves


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March 31, 2018, 09:43:14 PM
 #46

Of course not, holding crypto is just the same as holding currency, and not only Bitcoin being used to buy something illegal Fiat also being used for that kind of thing, the government need to have a better point of view rather than associate Bitcoin with the criminal activity


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March 31, 2018, 09:49:59 PM
 #47

No. It's not a crime if you are only holding bitcoin. And I don't think any country know bitcoin holders as criminals.
You can also trade to earn more money. You can also buy or sell things where paying with bitcoin is possible. But bitcoin is useful for some crimes and there are many stories about this.  As long as you have not done anything illegal, you are not a criminal.

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March 31, 2018, 11:25:12 PM
 #48

 Smiley   Great!! The Canada really makes the way to apprehended criminal and protect people from a crime .owning a bitcoin is not crime if only it is for legal purpose .I do not believe we are humans always doing the way to make things worse is that people are profound web abuses in technology and use them alone for their selfish and fearful actions here up for us whether we use bitcoin for the greater good or bad also.
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March 31, 2018, 11:28:54 PM
 #49

I think legit bitcoin because so many bitcoin supporters in other countries they like bitcoin because of its future in person so they love bitcoin even when the bitcoin price drops
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March 31, 2018, 11:41:00 PM
Last edit: April 01, 2018, 04:10:04 AM by MiningBattalion
 #50

It's not a crime  to hold the bitcoin and I don't think any country consider bitcoin holders as criminals and you can also trade to earn more bitcoin and bitcoin is illegal in only four country in G20 countries.
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March 31, 2018, 11:48:23 PM
 #51

I don't think gun is the best parable. Probablg knife is better. Because we can use knife to slice meat, so we can eat the meat. We can use bitcoin as currency so we can buy some stuff. Then we also can use knife to kill someone like some people use bitcoin for crime. However, bitcoin is good or not depends on the users.

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March 31, 2018, 11:53:14 PM
 #52

Holding and owning bitcoin is not actually a crime, bitcoin is like an assets of a properties that contributes to the life status become financially stable. And when we say owning bitcoin is a crime, well let us consider that there are some people using for a crime actions, so difinitely, it depends upon the persons who owns bitcoin on how the way they use their bitcoin, rather than that, bitcoin is no liable or liabilities for any bad actions for the people who used bitcoin for any bad or criminal actions. Bitcoin is actually similar to fiat or any real paper money that can be used any time depends on what any purposes that used by a certain person.

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March 31, 2018, 11:55:45 PM
 #53

I think it's an exaggeration, you can not put the equal sign between the two. Bitcoin does not kill anybody.
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April 01, 2018, 12:01:01 AM
 #54

It all depends upon your jurisdiction, some countries will ban it while others will accept it, since bitcoin can be traded anyone in the world ,i do not see any change even if some countries come up with a ban as the people are free to use any exchange they want.
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April 01, 2018, 12:02:32 AM
 #55

Bitcoin ownership does not violate the law. Bitcoin or any other currency may be used by corporations and individuals for illegal purposes. Owning the cryptos proves that you are a dynamic person, catching up with the trend when the paper money is becoming less and less popular today.

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April 01, 2018, 12:08:42 AM
 #56

I dont think so.If you earn it in a good way so theres no way for you to be afraid.Some people uses bitcoin in a bad way like terrorist and druglords.However earning bitcoin in a good is not a crime.
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April 01, 2018, 12:10:55 AM
 #57

Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

As long as it is not illegal in your country it is not a crime. Cryptocurrency is considered a monry since it has a value and it can be converted to fiat or used to pay products and services.
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April 01, 2018, 12:16:33 AM
Last edit: April 01, 2018, 12:31:03 AM by Oasisman
 #58

Blackmarket and any other illegal transactions has already existed long before Bitcoin arrives.

Is Bitcoin making it more easier for the drug cartel and crminals to transact because of its anonymity feature?
Yes, these makes everything easy for them. But, the real question is, why did they made a lot of illegal transactions before with the use of fiat currency and traditional banking system when everything was traceable?
That's all because they're are big syndicates that could controls the Government, while the Government controls the economy.

Now, why are the government is putting the blame to cryptocurrency and laballed as a tool for future criminal activities?
Simple, its because government cannot control cryptocurrency specially Bitcoin, and criminals, drug cartels, and syndicates can move and do transactions directly on their own without the protection and help from the government.

If you come to think of it, it doesnt really make any difference.
 

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April 01, 2018, 12:24:34 AM
 #59

Owing bitcoin is not a crime, Rather It is the matter of proud! But some countries where bitcoin is banned and illegal, I think there owing bitcoin is a crime like Bangladesh. In Bangladesh, if you trade bitcoin and if police would know then they will catch you!! So, owing bitcoin is also a crime in some countries.

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April 01, 2018, 12:25:21 AM
 #60

Someone who has bitcoin is not a crime,it all depends on the person,want to use criminal.want as a business,for example,have a bitcoin only as trading and payment instruments to buy something which is not breaking the law.
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