bitcoin is legal or illegal? | Bitcointalksearch.org

Boosterious

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Quote from: Ryananda on December 29, 2015, 08:52:17 PM

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

bitcoin is legel in many countries,but in some countries bitcoin also illegal.
bitcoin will be halving on august,and it will make some change to bitcoin,lets see what happen next.
safe transaction is between exchange and wallet,its completly safe,because you can ask help when something happen.

delliaerd

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Quote from: thejaytiesto on January 01, 2016, 11:49:00 AM

It depends on the countries but at the end of the day it doesn't really matter except for exchange action. They can only regulate the end points, not what happens in the actual Bitcoin economy, that is just impossible to control.

Yeah, it what they was said . Country have a important role about bitcoin legal or illegal

thejaytiesto

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It depends on the countries but at the end of the day it doesn't really matter except for exchange action. They can only regulate the end points, not what happens in the actual Bitcoin economy, that is just impossible to control.

Dr.Osh

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It's illegal in some, legal in some. However it's easy to get around the restrictions...

Well, I think all countries have laws each about bitcoin, perhaps bitcoin be illegal because of the use that can be used for illegal transactions, so some countries anticipating to mitigate the situation, but I think legal and illegal it depends on the viewpoint of how to use alone

Ceizer54

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Quote from: Ryananda on December 29, 2015, 08:52:17 PM

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

1.Yes it's legal in some countries and illegal in some but that really depends on usage,if you use it for illegal purposes then that will be wrong and you can punished for the same.
2.I think not many people know about bitcoins globally,so it is not widely accepted by people as of now that's the major shortcoming.
3.Absolutely,Bitcoin transactions are 100% safe as well as instant with less fees but there's one drawback these are irreversible and that's why scammers are more attracted to bitcoins

takingthis4

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Quote from: HabBear on December 30, 2015, 01:44:07 AM

Quote from: Ryananda on December 29, 2015, 08:52:17 PM

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

1. Legal - details on legality by country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

2. Anonymity (lack thereof), security, wallet structure is complicated thus easy for people to "lose details" required to access their funds

3. Yes, as safe as using cash.

according to this bitcoin is legal in my country and i dont know a reason why it should be banned

Shinpako09

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In my country I don't know if there's really a statement that telling bitcoin is legal in our motherland. As long as there's no statement saying that btc is banned and we can use bitcoin in transaction without having a problem in government, Maybe I can say that btc is legal here.

Rizky Aditya

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Bitcoin is legal is some countries, and illegal in others. It all depends on whether the government of that country wants its people to use, or not to use Bitcoin. Even if it is illegal in your country, you can still use it. They really have no way to track you down. It really makes no difference to Bitcoin, whether it is illegal or not.

Daniel91

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I think this depends on country where you live but, realistically, bitcoin is anonymous and governments can't control what you do with your bitcoin funds.
Only if you cash out your bitcoin funds to your bank account bank can see it and report to authorities if anything suspicious.
So, if you don't withdraw your bitcoin funds I don't see any legal problem for you.

n2004al

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Quote from: Ryananda on December 29, 2015, 08:52:17 PM

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

I can answer to your first question. Bitcoin is illegal (if named in this way publicly) when is banned by the Authorities of a given country. Bitcoin is legal when is fully or partially regulated by the responsible Authorities in a given country and is named as legal or with other names which give it the right to be used in some way (whatever can be) within the given country. Bitcoin has any kind of status (normally this situation can be called as ignored) in the given country when the Authorities have any kind of attention about it. In other words simply ignoring it and what is made with it from its users.

Ryananda

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Quote from: kheein on December 31, 2015, 11:35:26 AM

Bitcoin illegal in my country, but now most of people have known about bitcoin, and use bitcoin for transaction. And transaction with bitcoin is scure, safe, and very simple.

If I may know where your country? That means bitcoin growing rapidly in your country it's very nice. But whether bitcoin really safe? Is it possible that hackers can hack into your wallet address? Because I think all the things that require to log in highly vulnerable hacked

ausbit

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Quote from: HabBear on December 30, 2015, 01:44:07 AM

Quote from: Ryananda on December 29, 2015, 08:52:17 PM

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

1. Legal - details on legality by country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

2. Anonymity (lack thereof), security, wallet structure is complicated thus easy for people to "lose details" required to access their funds

3. Yes, as safe as using cash.

First when we heard about Bitcoins then the impression was like something illegal or not safe but when we know exactly about the use and benefits, transactions then then we have to believe as it is legal.

maokoto

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1. What is bitcoin is legal or illegal?

Legal. I can't see why it would not be so.

2. What are the shortcomings of bitcoin?

Not really easy to use and obtain. There isn't many places to spend it, and you get not much advantage by spending it instead of fiat.

3. According to you whether bitcoin transaction can be said to be "safe"?

I think they are quite safe, as it depends of a public ledger. But not reversible, so think it twice before sending.

cointtoo

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Bitcoin is legal in most countries, I think just one country banned it's citizens from interacting with bitcoin and I don't think another country will do that soon.

lion332

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Quote from: kheein on December 31, 2015, 11:35:26 AM

Bitcoin illegal in my country, but now most of people have known about bitcoin, and use bitcoin for transaction. And transaction with bitcoin is scure, safe, and very simple.

For my country has same problem i mean not legal but we can use it
and bitcoin will legal for future and it will getting easy to our life .

kheein

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Bitcoin illegal in my country, but now most of people have known about bitcoin, and use bitcoin for transaction. And transaction with bitcoin is scure, safe, and very simple.

BlackPanda

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Quote from: Pab on December 31, 2015, 07:21:41 AM

Bitcoin is not illegal at any country in the world..Most negative view on bitcoin has Russia

Bitcoin transactions are very safe,you just have to check doeas btc adress is correct

yes there is no labeling bitcoin is illegal, but there are still many countries that have yet to recognize the payment system using bitcoin. because the government does not guarantee.

Pab

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Bitcoin is not illegal at any country in the world..Most negative view on bitcoin has Russia

Bitcoin transactions are very safe,you just have to check doeas btc adress is correct

SmartIphone

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Quote from: Ryananda on December 29, 2015, 08:52:17 PM

Let's take the discussion here. I would like to ask you some questions, namely:
1. What is bitcoin is legal or illegal?
2. What are the shortcomings of bitcoin?
3. According to you whether bitcoin transaction can be said to be "safe"?

Bitcoin is legal in most of the countries but in some countries it is not allowed to use bitcoin.
Once the bitcoin transaction gets few confirmation it is safe enough and you should not worry about it

copperhorse111

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I think it's relatively safe to send and receive BTC, it's legal in most of the world (nothing came and said it's not legal yet)...

Topic: bitcoin is legal or illegal? (Read 2962 times)