Topic: Bitcoin is Legal in India, What about your country? Check here. (Read 11334 times)
I am from indonesia in my country bitcoin is widely used here, but there is no legal or legal statement.
in my country ROUMANIA also allowed
I know bitcoin is illegal in Bangladesh other county.I don't know what other countries are illegal.
Over the last few years, India and Bitcoin have had a positive relationship, the decentralized currency has grown in popularity within the country. Now some news reports are reporting that the Indian government may be preparing to legalize and regulate bitcoin as a form of payment.
For Example in Ukraine, authorities prefer not to notice the situation with criptocurrencies. Ukrainian National Bank had tried to equate bitcoin to money surrogate, to get taxes from it. But at the moment, i think they are not understand how to actually do that.
its illegal in my country (egypt)
I'm from Bosnia and it is not illegal, No parameter on the use of bitcoins.
its legal in my state 
I am from Russia and as I know bitcoin is not admited here as legal yet, and not admited as illigal as well. So for bitcoin it's double position here. As I found out from other comments in this thread only few countries admited bitcoin as legal currency. So I think after some time and here will be created some law to regulate bitcoin and only that can make it legal here.
In my country, the legality of the bitcoin is in the gray zone the government doesn't say anything about that. There are rumors about the government are making laws for bitcoin but I don't know. They have a politic regarding of the possession of foreign currency, is "illegal" and you can be jailed for that.
I use Bitcoin mostly as i focus to this currency since a good amount of time
But in the same time i use banking services too.
Good
But in the same time i use banking services too.
Good
Would you consider the official declaration of the government is the only way just to say that virtual currency is legal? I think it is not yet official legal because it is not yet shown or heard on national TV and radio news. So people of a country is not yet aware about it.
I am from philippines, The Philippine Central Bank recently approved new rules and regulations governing the operation of virtual currency exchanges. Bangko Sentral ng Pilipinas (BSP) defines virtual currency (VC) as, “any type of digital unit that is used as a medium of exchange or a form of digitally stored value created by agreement within the community of VC users.”
The Bangko Sentral recognizes that Virtual Currency systems have “the potential to revolutionize” the delivery of financial services, “particularly for payments and remittance, in view of their ability to provide faster and more economical transfer of funds, both domestic and international, and may further support financial inclusion.” However, the bank does not intend to endorse any VC, “such as bitcoin,” as a currency, “since it is neither issued or guaranteed by a central bank nor backed by any commodity.”
The Bangko Sentral recognizes that Virtual Currency systems have “the potential to revolutionize” the delivery of financial services, “particularly for payments and remittance, in view of their ability to provide faster and more economical transfer of funds, both domestic and international, and may further support financial inclusion.” However, the bank does not intend to endorse any VC, “such as bitcoin,” as a currency, “since it is neither issued or guaranteed by a central bank nor backed by any commodity.”
This is a good news, I'm sure will make the bitcoin's getting popular so that it affects the price. I hope my country and others also following India. Hope India also build Bitcoin ATM.
And finally this year our central monitory authority the Central Bank of the Philippines(BSP) has release some guidelines about the bitcoin usage in our country,this guidelines will cover virtual currency exchanges in the Philippines offering services or any activities that provide facility for conversion or exchanges, remittances, as stated above I will conclude that bitcoin in our country in partially legal with some restriction and limitation.
In my country ! The Indonesian government is still no topic for Bitcoin, there are some things that might yet be Topic Discussion here!
1. Including Bitcoin users in Indonesia has reached 50 percent!
2. No other country makes the rules about Bitcoin! and
3. Bitcoin is also not a real currency like the others
Even if interested, can not afford to make the argument to one another!
But to be a record In Indonesia there is no prohibition to use Bitcoin
1. Including Bitcoin users in Indonesia has reached 50 percent!
2. No other country makes the rules about Bitcoin! and
3. Bitcoin is also not a real currency like the others
Even if interested, can not afford to make the argument to one another!
But to be a record In Indonesia there is no prohibition to use Bitcoin
To anyone of the board members that was present during the recent "black money" crisis in India, did you see any spike in local peer to peer bitcoin transactions? I'm trying to discern exactly how people utilize bitcoin during capital flight/capital emergencies, and this particular scenario is a model example. Bitcoin isn't the best thing for something like this (gold is), but being able to move value onto the blockchain during this crisis had to be an advantage.
bitcoin has not illegal in my country
I am from india and there is no restriction in using bitcoins at all .well government has strictly said that bitcoins should not be used for any illegal activities and bitcoins is very volatile in nature and to be very careful while investing them in it .give the right amount of taxes when exceeding ur limit of exchanging with them .
its good to see that bitcoin is legal in india and i am sure that there is many people that want to use bitcoin because of the benefits that bitcoin can give. and if the other country is read this and know this, i am sure that they will thinking to make bitcoin legal too like india. beside india, i think there are more country in asia that is legal to use and this is a good news for bitcoin community and i hope soon we can see offline store is available in many places.
I am from india and there is no restriction in using bitcoins at all .well government has strictly said that bitcoins should not be used for any illegal activities and bitcoins is very volatile in nature and to be very careful while investing them in it .give the right amount of taxes when exceeding ur limit of exchanging with them .
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