Is it illegal for me to sell my Bitcoins?

[ethereumhunter]

if your country do not allow you to sell or buy bitcoin there certainly it is not legal for you to buy or sell your bitcoins because being a good citizin you have to follow the rules and regulation of your country, and if you will not follow the rules and regulation of your country then you will be charge for this,

i think there are no rules and regulation in many country, most of the big country that giving their permission or reject bitcoin for using bitcoin. government don't make any clear statement about bitcoin legacy, and we can still using bitcoin in internet, and for withdraw, i suggest we can use local bitcoin around us to transfer the fiat.

[Superbitzz]

if your country do not allow you to sell or buy bitcoin there certainly it is not legal for you to buy or sell your bitcoins because being a good citizin you have to follow the rules and regulation of your country, and if you will not follow the rules and regulation of your country then you will be charge for this,

i think there are no rules and regulation in many country, most of the big country that giving their permission or reject bitcoin for using bitcoin. government don't make any clear statement about bitcoin legacy, and we can still using bitcoin in internet, and for withdraw, i suggest we can use local bitcoin around us to transfer the fiat.

yes that is a fact that still not a sing country has made any serious decision about bitcoin, and yet not they declare  it as  legal currency, but still they also not yet consider it as illegal therefore it is not illegal to buy or sell bitcoin for your or for any other one.

[Dora Doll]

if your country do not allow you to sell or buy bitcoin there certainly it is not legal for you to buy or sell your bitcoins because being a good citizin you have to follow the rules and regulation of your country, and if you will not follow the rules and regulation of your country then you will be charge for this,

i think there are no rules and regulation in many country, most of the big country that giving their permission or reject bitcoin for using bitcoin. government don't make any clear statement about bitcoin legacy, and we can still using bitcoin in internet, and for withdraw, i suggest we can use local bitcoin around us to transfer the fiat.

yes in our country there is also no rules define from the government side about bitcoin that either its trading transaction buying or selling are legal or illegal and that is the reason that still we are using bitcoin openly in our are.

[satdas]

if your country do not allow you to sell or buy bitcoin there certainly it is not legal for you to buy or sell your bitcoins because being a good citizin you have to follow the rules and regulation of your country, and if you will not follow the rules and regulation of your country then you will be charge for this,

yes that is right to say but i think still not a single country given any statement about bitcoin and therefore it is not legal any where to buy or sell bitcoin or do trading with bitcoin.

[Bitcotalk]

if your country do not allow you to sell or buy bitcoin there certainly it is not legal for you to buy or sell your bitcoins because being a good citizin you have to follow the rules and regulation of your country, and if you will not follow the rules and regulation of your country then you will be charge for this,

i think there are no rules and regulation in many country, most of the big country that giving their permission or reject bitcoin for using bitcoin. government don't make any clear statement about bitcoin legacy, and we can still using bitcoin in internet, and for withdraw, i suggest we can use local bitcoin around us to transfer the fiat.

yes in our country there is also no rules define from the government side about bitcoin that either its trading transaction buying or selling are legal or illegal and that is the reason that still we are using bitcoin openly in our are.

almost all of the countries of the world have a neutral response when the question of bitcoin comes. I think it is because the governments do believe on bitcoin and know that it will success in the future but they cannot have control on it and so cannot say anything about that.

[StoreBit]

as most of the countries has not yet consider bitcoin as legal or illegal currency, therefore to me still it is legal for you to buy or sell your bitcoins, and when your country will take any decision about bitcoin and after that you will think about either it is legal or illegal for you to sell or buy bitcoins.

[youhgt2]

from what country you belong ? and what is your country strategy about bitcoin? if your country banned bitcoin for trading then it really illegal for you, but if your country has no statement about bitcoin like so many other countries the it is legal for your.

[fatima zuhra]

it do not illegal for any one but it depend on your county policy, if your country has declare the buying and selling of bitcoin then it is really illegal for you. but i think no one country has yet declare it as illegal therefore it is legal for you to sell or buy some more bitcoins.

[BurtW]

Yes, it is illegal for you to sell them.  But you can give them all to me.  PM me for the Bitcoin address to send them to.  Your welcome.

[DannyHamilton]

Yes, it is illegal for you to sell them.

If you live in Colorado.

[BurtW]

Yes, it is illegal for you to sell them.

If you live in Colorado.

Colorado:  the place you can't sell Bitcoins on localbitcoins.com but you can legally buy recreational pot at the corner pot store...

[QuestionAuthority]

Yes, it is illegal for you to sell them.

If you live in Colorado.

Colorado:  the place you can't sell Bitcoins on localbitcoins.com but you can legally buy recreational pot at the corner pot store...

Yeah, but you can tax maryjane because people are buying it at a government sanctioned store. They haven't figured out how to directly tax Bitcoin transferred privately between two parties. Once unclefucker figures that out they'll love it. 

[Blitzboy]

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?

i think it depends on where you live. If you live in my country, you will be a criminal cause of selling bitcoin. If you live in Europe, US or other developing countries, selling bitcoin is not make somebody being guilty. These countries also accept bitcoin as payment for many purposes such as bills, tax, fee, food, health insurance, etc. I wish i were born in these countries

[Superways]

Depends on what country you live in. I think as long as the money is claimed on your taxes, in most countries you should be fine.

If the person is using his bitcoin to sell for online payment processor to get e currency and use them for buying digital services then none of the tax will be on him and none of the government can trace him.
and a lot of people are selling their bitcoins and none of them have faced any issue like that so it means it is legal and with bank withdrawal the government collect its tax etc.

there is another way in my mind if we get a bitcoin debit card which will not need any verification then we can deposit our bitcoin to that debit card and so we will get the money of us which we have in bitcoin that is a good method to sell our coins in our local currency.

in that manner we can also get the benefit of local bitcoins in local bitcoins we can do trade with any person in our country he will send us the money and we will send him the bitcoins so the government will not know that we are selling our bitcoins.

[BurtW]

in that manner we can also get the benefit of local bitcoins in local bitcoins we can do trade with any person in our country he will send us the money and we will send him the bitcoins so the government will not know that we are selling our bitcoins.

Purely hypothetical scenario that would never happen to someone like you or me:

1 ) You sell your Bitcoins to someone on Localbitcoins.
2 ) The person you sold the Bitcoins to uses the Bitcoins to buy illegal drugs
3 ) The government arrests this person who used the Bitcoins to buy illegal drugs
4 ) The government ask this person "where did you get the Bitcoins"
5 ) Arrested persons says you sold them to him
6 ) Said government then investigates you, your wife, you family, your business for 18 months.  They put a tracking device you your car.  They get all of your phone records and all of your text messages for the last few years (including all deleted texts).  They get all of your bank records from every bank you used for the last few years.
7 ) Finally, frustrated by the fact they cannot find any evidence of drugs or anything illegal they arrest you because they cannot find that you did anything wrong stating you must be a very clever criminal to be able to hide your criminal activity so well they could not find it.  Since they cannot find any evidence of drugs they use one of their favorite ambiguous charges: "operating a money transmittal business without a license" for selling Bitcoins through localbitcoins.
8 ) They throw you in jail.
9 ) You cry like a baby in the shower in solitary confinement in a Federal prison.

[xuan87]

well actually it is not illegal to sell your coin, but there is some rules in my country, if it is exceed more than around 8000$ you can be question by the authority, they afraid you are using bitcoin to do money laundry and you should mention how you get that money, if you can answered correctly they won't arrest you, but that is my country it maybe different with your country

[x|8y8|x]

i think it totally depend on our country policy that either they consider bitcoin as legal currency or not, if your country consider bitcoin as legal the you can certainly buy it or sell it,

[olubams]

if your country do not allow you to sell or buy bitcoin there certainly it is not legal for you to buy or sell your bitcoins because being a good citizin you have to follow the rules and regulation of your country, and if you will not follow the rules and regulation of your country then you will be charge for this,

I agree with this in all totality because any law or laws that makes it illegal to sell Bitcoin will actually makes it illegal to acquire it in the first place. However, the laws of the particular jurisdiction is important to determine whether its illegal or not as we have several countries with several laws regarding Bitcoin. While some people law is actually silent or neutral about the whole issue all together others completely makes it illegal and there is nothing any individual can do about it because its the law...

[QuestionAuthority]

in that manner we can also get the benefit of local bitcoins in local bitcoins we can do trade with any person in our country he will send us the money and we will send him the bitcoins so the government will not know that we are selling our bitcoins.

Purely hypothetical scenario that would never happen to someone like you or me:

1 ) You sell your Bitcoins to someone on Localbitcoins.
2 ) The person you sold the Bitcoins to uses the Bitcoins to buy illegal drugs
3 ) The government arrests this person who used the Bitcoins to buy illegal drugs
4 ) The government ask this person "where did you get the Bitcoins"
5 ) Arrested persons says you sold them to him
6 ) Said government then investigates you, your wife, you family, your business for 18 months.  They put a tracking device you your car.  They get all of your phone records and all of your text messages for the last few years (including all deleted texts).  They get all of your bank records from every bank you used for the last few years.
7 ) Finally, frustrated by the fact they cannot find any evidence of drugs or anything illegal they arrest you because they cannot find that you did anything wrong stating you must be a very clever criminal to be able to hide your criminal activity so well they could not find it.  Since they cannot find any evidence of drugs they use one of their favorite ambiguous charges: "operating a money transmittal business without a license" for selling Bitcoins through localbitcoins.
8 ) They throw you in jail.
9 ) You cry like a baby in the shower in solitary confinement in a Federal prison.

[zodin]

i think it is not illegal in most of area but most likely it depend on  our country policy if they consider bitcoin as legal then it is legal for you to buy or sell your bitcoin, but if your country consider it as illegal then it is illegal for you to buy or sell bitcoin.