Topic: bitcoin is legal or illegal? - page 2. (Read 2965 times)

Legal or illegal depends on who is stronger.

If people are stronger than government, what people say is legal. If government is stronger, government is legal.

In America, people can use the government to overcome, if they do it right.

1. What is bitcoin is legal or illegal? Bitcoin is legal,but some countries prevent bitcoin and not accept bitcoin as primer currency.
2. What are the shortcomings of bitcoin? The shortcoming is price raises,and bitcoin halving.
3. According to you whether bitcoin transaction can be said to be "safe"? Almost all transaction is safe,according your security aspect.

if they scam it online it's obvious, it's practically impossible for them to trace it, but on real life, if they stela you , your phone with bitcoin inside, i'm sure you can do something

Bitcoin is legal in my country, but if scammed, the country will not give a single f**k

Well,it depends on the country you're from.Speaking Logically,its not illegal but due to its usages for the negative things like IS so it could have been banned by a few countries I guess.Its not illegal as per as the World Laws are concerned.

I think it depends of your country if where do you live but in my country it legal and anytime you can use it or withdraw it as fiat..

Depending on where you are, Bitcoin is legal in many countries. I believe someone said this.

The illegal is to use Btc for things that are already illegal.

As far as bitcoin being illegal it's not in the US! But you are able to do illegal purchases with bitcoin online that is where you cross the legal boundary for any country.

Means if so what do you say do not rule out the possibility that bitcoin will someday be legalized throughout the country if all the systems have been developed such as banks, credit cards, etc?

1. In the United States it is legal
2. It isn't well known yet and many people use Bitcoin for shady purposes
3. Yes. Bitcoin transactions are secure

I think bitcoin is legal. because getting bitcoin needs with hard work and capital. because bitcoin obtained instead of things that are not good. I said bitcoin is legal to bitcoin.

In some countries, bitcoin is illegal but for me it's not illegal because it's like real money for me in real life. can buy anything and doing it in online mode.

Bitcoin is legal but it can be easily used for criminal activities. They made it illegal to use in many countries. Fuck you all criminals

According to the IRS, here in the USA, Bitcoin is legal, however the IRS considered it an asset.  The IRS also has certain rules and regulations where Bitcoin is being used as a currency, which covers some of the banking rules of bitcoin.  It is very detailed and makes it very usable.  As far as Bitcoin in New York, we have recently read some strict rules which govern it as a currency.  As I stated in another thread, I believe these rules were set in place to defer the use of Bitcoin, but I can not be sure.  All information is from my research and should not be taken as or considered what the laws are.  Please do your own research, for I will not be held responsible for any actions you may take against the laws around Bitcoin.

bitcoin is as safe as a bank note...
if you keep it secure where no stranger can access it.. then its yours for life.

but if you store the only copy of the private key on a phone and not protect youself from pickpockets. then its gone.
so the same way you would back up a copy of your phonebook contacts, backup your private keys.. then if phone is stolen, you still have backups.

if your using a computer its much the same as having your credit card details saved to your desktop. be cautious about who uses your computer and what programs you download.

if you have smart ways to keep your private keys safe then bitcoin is more secure than any bank account any credit card or any bank note. because if you think someone might get access because you left a copy of your private key in clear view.. you can move the funds to another private key in seconds

as for the is it illegal question.
most countries have not banned bitcoin to be used by its citizens.. most countries who have set regulations have done so mainly to avoid BANKS from investing in bitcoin, because the government wont insure them against bitcoin losses as part of their banking licences. which has nothing to do with citizens personal/private activities.
asia and russia have banned their banks, not their citizens

Their centralized governments discretionarily support or ban the use of bitcoin in the countries. Credit card, bank fully complies with the regulation and is accepted in worldwide. They have developed for many decades to reach today's level. Bitcoin is still new, not perfect yet to let ppl feel comfortable to use its system. So there are huge differences among them.

Yes indeed if used for illegal drug that of course, but I mean it's illegal or legal system. Is the bitcoin system has met as a medium of exchange and is in conformity with the provisions of each country. Because I wondered why there are countries that agree and some who disagree when all the exchange rate valid in all of the country such as credit card, bank, etc.

whether it is legal or not really depends on the country. some country disagree the use of it and even ban it. also depends on what u use the btc for. some use it for drugs which turns out to be illegal etc.

It doesn't matter to me. I still use it.