Is it illegal for me to sell my Bitcoins?

[GreenBits]

if you are living in such a country where bitcoin is banned. then if you are holding or selling your bitcoin then it is illegal. but if your country has yet not given any statement about bitcoin then it is legal. and you can use or can sell it very easily. without any restriction.

But please, make sure to pay your taxes (if your country requires it, most do). It seems like the taxation is the vector a government is most likely to harass a bitcoin user with, along with regulation (you don't have a license).

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[MyIdeas]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

[BurtW]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

You are so naive.

[Maesters1-]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

may be some countries have imposed such kind of law in their country that if one want to trade in bitcoin or do transaction or using bitcoin for any other reason he has to make a license for it as we normally do so for other things, but may be such kind of law is applicable in some countries and not every where because we have no such kind of restriction and we are using bitcoin with out any licence or any thing else.

[Bitcotalk]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

may be some countries have imposed such kind of law in their country that if one want to trade in bitcoin or do transaction or using bitcoin for any other reason he has to make a license for it as we normally do so for other things, but may be such kind of law is applicable in some countries and not every where because we have no such kind of restriction and we are using bitcoin with out any licence or any thing else.

It is true that we are the owners of our bitcoin and we have full right that we use our bitcoin, sell our bitcoins or hold our bitcoin. and the case that in some countries there is a ban on bitcoin and its usage, the people still can use bitcoin with freedom as bitcoin is an anonymous currency and no one know that who is holding bitcoin and who is using bitcoin.

[Superbitzz]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

yes there is no doubt about this that a person has full control on his bitcoin either he want to sell it or buy it or doing any thing else with it, but it is also a fact there you have to obey rules and regulation of a country where you are living, so if a country has banned bitcoin it is not legal to buy or sell bitcoin in that stat and still you are selling or buying bitcoin there then it is really illegal and you are are doing an illegal activity according to the rules of the state.

[BellaBitBit]

There's only one answer to this question.

It depends on the laws in your local jurisdiction. You should check your local laws first.


There are always regional differences in laws. Example: You can legally smoke cannabis in Colorado but you can't smoke it in a public place legally.   

Best answer.  Agree, just check your local jurisdiction.

[Superbitzz]

There's only one answer to this question.

It depends on the laws in your local jurisdiction. You should check your local laws first.


There are always regional differences in laws. Example: You can legally smoke cannabis in Colorado but you can't smoke it in a public place legally.   

Best answer.  Agree, just check your local jurisdiction.

but in so many countries there is no definition of bitcoin in their law or jurisdiction. but still government is not accepting bitcoin, in such condition  what should we do. because the government has no statement about bitcoin and still no one is ready to accept it.

[BurtW]

but in so many countries there is no definition of bitcoin in their law or jurisdiction. but still government is not accepting bitcoin, in such condition  what should we do. because the government has no statement about bitcoin and still no one is ready to accept it.

What do you mean by "no one is ready to accept it"?  Does this mean you cannot find any way to sell or trade your Bitcoins?  Try https://localbitcoins.com/ and see if you can find someone near you that will buy them from you.

[abayan]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

may be some countries have imposed such kind of law in their country that if one want to trade in bitcoin or do transaction or using bitcoin for any other reason he has to make a license for it as we normally do so for other things, but may be such kind of law is applicable in some countries and not every where because we have no such kind of restriction and we are using bitcoin with out any licence or any thing else.

It is true that we are the owners of our bitcoin and we have full right that we use our bitcoin, sell our bitcoins or hold our bitcoin. and the case that in some countries there is a ban on bitcoin and its usage, the people still can use bitcoin with freedom as bitcoin is an anonymous currency and no one know that who is holding bitcoin and who is using bitcoin.

Yup you are right we have a full control of our bitcoins. But i think lot of countries ban bitcoin because of the illegal activities regarding bitcoin like in Deep weeb lot of people buying things and paying it through bitcoin because it is safe and fast. Thats why some countries ban bitcoin.

[Tacalt]

It varies country to country

I heard that some people have been arrested and charged with "transmitting money without a license" for selling Bitcoins.

Does this mean it is illegal for me to sell my Bitcoins?

[StoreBit]

It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.

yes there is no doubt about this that the bitcoin you are holding is your property, but you are living in a state and you have to obey the rules and regulation of that that, and if you are not doing so its mean that you are busy in an illegal activities, and you will charge for that, therefore if a stage has consider bitcoin as illegal then all activities related to bitcoin will also be consider as illegal, therefore buying and selling of bitcoin is illegal in that state.

[groll]

I heard that some people have been arrested and charged with "transmitting money without a license" for selling Bitcoins.

Does this mean it is illegal for me to sell my Bitcoins?

Never heard and unaware of that issue before.  Maybe it is because he made a huge transaction.   Because usually if we deposit or better say withdraw a huge amount of money from a bank we could be subjected to investigation.  Or maybe it is beyond the limit amount.   

It is always safe and legal to sell our bitcoins, cause that it was made for.  To invest, to trade, to buy, and to sell like the normal fiat money.

[SanjaPaulina]

No if nobody from your govrement dont know that you know that they it is leggal beacuse nobody cant punish you but if your country can easy find your transaction then it is not good to sell.

[TheButterZone]

https://fee.org/articles/how-not-being-real-money-is-good-for-bitcoin/

[lotfiuser]

if you are in united stats its too risky otherwsie you can sell it normaly

[xdrpx]

if you are in united stats its too risky otherwsie you can sell it normaly

It's legal to sell Bitcoins in the United States. There are legally setup Bitcoin exchanges like Coinbase, that allow legally exchanging and linking of US bank accounts to buy/sell/trade Bitcoins.

Certain countries do have restrictions like Bangladesh bans people from transaction in Bitcoins and has arrested a couple of people for doing so. The Bangladesh central bank has defined 'Bitcoin' trading as a 'Punishable offense'.

[Bitcoinsummoner]

Here in my country its not illegal to sell bitcoins maybe in other country there is restricted
And you will be arrested if you sell bitcoin in your country.

[plpbtc1526]

Maybe check any law in your country about selling bitcoin. Maybe you can break a rule by doing that. So i suggest make a quick research. Some countries are not allowed the people to sell their bitcoin especially those countries banned the bitcoin. Here in my country, its allowed anyone who own bitcoins to sell their bitcoins. They are free to do whatever they want to do on their btc as long as it isnt spend for crimes anf other illegal activities.

[susila_bai]

It is upto which country you are staying, because each and every country have their own law for bitcoins, in my country still bitcoin is not legal or illegal, so we dont give any information. or we say it as short term profit.