Unregulated market is illegal or legal?

[maarx]

It takes time for a business to regulate its self in the market and you need to know that only a legal firm will regulate themselves in the market. Crypto currencies yes built a strong foundation beginning from bitcoin’s foundation. It regulated and was legalized. Bitcoin is legally accepted in many countries and the respective countries economy grew its wealth to its next stage. Its countries who decides upon which is legal and illegal in the concern countries. 

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[samcrypto]

Of course unregulated exchange/market is not illegal, this is the purpose of cryptocurrency in the first place.
Though we hear a lot of regulations happening now, don't be scared if you are still in the unregulated market because for sure they will comply the government regulations later on. Just make sure that the exchange you are in is legit so you will not be having a problem when government enters the market.

[Yusuf_Jay]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

Yes, in a third world country it's very confusing, where we don't know the legal status of crypto. I conclude that the status of crypto in third world countries is not recognized but not illegal, and I think, for now, let's just enjoy the status not admitted but not illegal.

[Andrew S]

The government does not want to regulate the crypto currency or accept it, as citizens use it if the issue remains open.

[Harlot]

If its not yet defined as illegal or not an unregulated exchange might be legal but only on a short periods of time as I think it won't last long, why? You already said that foreign banks ans stocks are not accessible to your local country what made you think that buying cryptocurrencies would be legal in your country for a long time? They might see it as you are evading their law as you might have seen a loophole in their law which they obviously won't like. But I doubt such country exist, would you mind naming it so I can search more about it.

[DirectContract]

Even a comprehensive understanding of the laws and a good lawyer isn't enough in some countries if you're deemed an enemy of the state. Best just to be as low-key as possible.

In other words, don't declare any of your holdings that haven't been purchased through centralized exchanges. I have always learned: what the government doesn't know can't harm you. I am a firm believer of that and will continue to have that be my main principle in life. I have seen how people out of nothing landed themselves in big financial problems just because they out of nothing declared wealth they never declared before. Instead of governments being happy that people are willing to pay tax, they punish them like they are the worst criminals in the world. It's insane that this happens, which just shows who the actual criminals are....

That's my main principle too. You don't have to admit anything, and I've seen lots of people get themselves into trouble by trying to play the nice guy. The government is a pack of wolves and will jump at any opportunity to punish a wrong-doing nice guy, no matter how nice he is.

I wouldn't even be declaring centralized exchanges at this point unless they are based in the US. I think that they still are not obligated to report (but will be soon), so it's probably all under the table at this stage. It might be a good idea to move it out of there soon though to cold wallets.

[chaoscoinz]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

An exact answer cannot be reached for this question. A countries laws, policies, regulations, etc, are subjective, being withheld within a countries jurisdiction.
 Each countries rules will of course vary. However,  small countries are usually molded after bigger countries and for the case with most countries, the U.S is usually the leader in terms of decision making.
   So naturally,  other countries may use a format similar to the U.S, or perhaps await there decision upon a troubling matter such as this.

[Leyss]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

Of course, the crypto currency in the digital wallet can not be equated either to the bank account or to the shares of the enterprises. Therefore, in your country, I think that the crypto currency can be freely engaged. In addition, if the crypto currency is not regulated by the laws of the state, then, according to general rules, any business activity that is not prohibited by law is allowed.

[NavI_027]

I also live in a third world country (unfortunately) and my answer to your question is in between — not illegal nor legal (just my opinion only). Here in our country, there's no concrete law which says that usage of cryptocurency is ban/illegal. That's the reason why we can still be able to engage with it freely, we have no fear simply becuse we're clear from any violations. I just appreciate the fact that our government was not too strict but also still concern for crypto investors like since they are always giving warnings and advisories before using this.

Furthermore, if you think that you can easily escape punishments assuming that you do crime stuffs using crypto like pyrammiding scams or extortion then think again. Our Republic Act 10175 also known as Cybercrine prevention Act is our solution for that.

[Andrew S]

In some countries there is still a ban on selling crypto currency, but I think it will not be long.

[coldplay3r30]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

in countries that do not recognize crypto currency as a medium of exchange, for example, bitcoin is prohibited from exchanging directly but there are still many governments that recognize bitcoin as a deposit

so bitcoin ownership outside my country is legitimate, because the government cannot prohibit its citizens to save their money where they want, and very many third world people save money at bank banks in developed countries because they feel safer.

[Spaffin]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

I think that you can easily practice cryptocurrency in your country. If you go to exchanges and exchangers in other countries and at the same time create an account there for conducting cryptocurrency transactions, this is not considered a bank account, since exchanges and exchangers are not banking institutions.
In addition, cryptocurrency does not apply to stocks, in any case, to recognize cryptocurrency securities, you need the regulation of cryptocurrency by your state. And you write that cryptocurrency is not yet legalized in your country.

[KorakPawon]

I agree with that. Bitcoin isn't fit to be a stock sector and it's also doesn't need to be regulated by government, because unregulated doesn't mean it's illegal. As we know that crypto hasn't been accepted, yet it isn't banned but still the system of bitcoin and other crypto working well. Yet, government hasn't consider the law for bitcoin because they have nothing to do with bitcoin. 

[maarx]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

Market alone does not make a coin to legal or illegal. It depends on the leaders who lead the countries.

[deppil]

Keep your bitcoin in a cold wallet where no one will ever know that you have it.Luckily in my country, it is unregulated but it doesn't mean it is illegal.

Thats right. unregulation does not mean illegal because many countries today have not given any response to the development of
crypto in their country. so that many people in that country are still free to use bitcoin.

[Zadicar]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

Market alone does not make a coin to legal or illegal. It depends on the leaders who lead the countries.

We can see 3 types of views of each countries would possibly made.

- Positive
-Negative
-Neutral

But on general aspect each thing that doesn't fit on governments criteria would have big chances to be treated as illegal but as of now
most of them are on neutral side yet blockchain tech is really hard to ignore to be a such good innovation.

[oliver10]

Bitcoin Markethttps://meupcroda.com.br

[coldplay3r30]

Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

indeed krypto cannot be equated with shares, obviously very different shares are more indifinual in nature of a business entity or a company while krypro is clearly a currency so it can be owned and can be used as a medium of exchange, if in developing countries krypto is still categorized as an asset not legal means of exchange, but other things in developed countries, krypto is commonly used to carry out buying and selling activities.

[DavidNiva]

The word unregulated doesn't means illegal.If something is not under the control of government it does not means that it is illegal.Let us talk about crypto's.In many countries it is not legal as well as illegal but still many exchanges are working with it and people are using it.So unregulated market is neither legal nor illegal.

Bitcoin is a digital currency and clearly does not violate the law, so its status is not prohibited but many countries that forbid or reject do not mean that Bitcoin cannot be sold and still can, because the Bitcoin purchase system uses an online system so that Bitcoin can be legal and not prohibited .

[Aramazdi]

The word unregulated doesn't means illegal.If something is not under the control of government it does not means that it is illegal.Let us talk about crypto's.In many countries it is not legal as well as illegal but still many exchanges are working with it and people are using it.So unregulated market is neither legal nor illegal.

the market cannot be regulated by any country, market law is as long as there is still demand, it can be ascertained that buying and selling bitcoin will always be there, and bitcoin is not a violation of the law so buying and selling bitcoin wherever I feel is not a problem because the system is online with the bank, indeed many countries do not want to recognize bitcoin but they even want to apply taxes so that bitcoin will always be in the trade.