Topic: Bitcoin Legal Issues - page 2. (Read 4504 times)
There are a lot of legal issues pertaining to Bitcoin because of its vast popularity and inability of governments to stop its growth and development. Nonetheless, Bitcoins continue to thrive in the growing market and substantially changes the economy at large. To date, we now open ourselves to the realm whereby Bitcoins have successfully penetrated the economy in that they are now being used as a medium of exchange for goods and services. The problem that now confronts us concerns its regulation to protect both producers and consumers.
The United States Securities and Exchange Commission (SEC) today announced the creation of a Cyber Unit to combat violations involving distributed ledger technologies (DLTs) and early crypto-currency offers ( ICOs), as well as other virtual crimes.
According to an official statement from the US financial market regulator, the aim is to protect small investors from criminal misconduct and investment mischief.
The Cyber Unit will absorb the experience of the SEC Execution Division in combating cyber crimes and will focus on illicit activities.
According to an official statement from the US financial market regulator, the aim is to protect small investors from criminal misconduct and investment mischief.
The Cyber Unit will absorb the experience of the SEC Execution Division in combating cyber crimes and will focus on illicit activities.
Bitcoin Legal Issues is an important concern in relation to international financial law. Bitcoin is doing well but there are many legal questions need to be analysed in relation to Bitcoin and its standing point as Digital Financial Service. Bitcoin is an Electronic Cash System providing digital financial services globally but there are many speculations and wrong definitions are floating in the Internet. Many governments and bankers as well as public are cofused of legal definition, what Bitcoin is ? >>
The main issue is because of the decentralized nature of the bitcoin. And this is why people concern that bitcoin may get ban . But rather than banning if the gov put tax on the transaction then it will be good for bitcoin as well as the government.
It'll be so complicated to try to legalize bitcoin and blockchains in general. The government would have to hire a bunch of programmers to figure all of it out.
Don't underestimate the ability of the government. A few competent programmers can replace the whole Ministry. In fact it will only bring savings. But the government is not profitable. The easier it is to control the money the less the politicians be able to steal.
It'll be so complicated to try to legalize bitcoin and blockchains in general. The government would have to hire a bunch of programmers to figure all of it out.
The law of bitcoin in different countries is different because their government has its own rules.
If in my country the government makes a law on bitcoin, which explains that bitcoin can be used, traded, or stored as an asset or a form of digital commodity but should not be used as a means of payment.
The use and ownership of bitcoins is the personal responsibility of each user.
If in my country the government makes a law on bitcoin, which explains that bitcoin can be used, traded, or stored as an asset or a form of digital commodity but should not be used as a means of payment.
The use and ownership of bitcoins is the personal responsibility of each user.
yes in these days the most important and big issue related to bitcoin is that of bitcoin legalization. I think most of the people have now thinking about this and they are going to take a final action about this.
If bitcoin is legalized, they might make it mandatory for all users to identify themselves then it will not be so anonymous anymore. That will make it less fun.
Yes there is an issue about the legalization in Bitcoin. In my opinion it's hard if the Bitcoin will be legal because there is many rules, regulations, responsibilities to do and there is a limitations on what you gonna do. And you will pay a tax that is very big. So your money will be gone of paying a tax. For me that's the issue in Bitcoin.
just like both bitcoin and marihuana enthusiasts might say:
legalise hash!
but in all seriousness,how do you see the unified legislation in regards to bitcoin?
every country has its own interests and legislation,hence in some areas bitcoin is illegal,some encourage its use
legalise hash!
but in all seriousness,how do you see the unified legislation in regards to bitcoin?
every country has its own interests and legislation,hence in some areas bitcoin is illegal,some encourage its use
yes in these days the most important and big issue related to bitcoin is that of bitcoin legalization. I think most of the people have now thinking about this and they are going to take a final action about this.
If bitcoin is legalized, they might make it mandatory for all users to identify themselves then it will not be so anonymous anymore. That will make it less fun.
we have to respond to it with a cool head, do not take dizziness not necessarily because he knew the truth 
yes in these days the most important and big issue related to bitcoin is that of bitcoin legalization. I think most of the people have now thinking about this and they are going to take a final action about this.
If bitcoin is legalized, they might make it mandatory for all users to identify themselves then it will not be so anonymous anymore. That will make it less fun.
yes in these days the most important and big issue related to bitcoin is that of bitcoin legalization. I think most of the people have now thinking about this and they are going to take a final action about this.
If bitcoin is legalized, they might make it mandatory for all users to identify themselves then it will not be so anonymous anymore. That will make it less fun.
This is very interesting. Internet evolve much faster than the outside world and it can't keep up with its rules.
Bitcoins can't be controlled so they will become illegal or they'll be put in high disregard in some ways. I think this because the trend of the world is to dominate and control everything, so why its behavior towards bitcoin should be different?
We are speaking about money so we are speaking of power too.
Bitcoins can't be controlled so they will become illegal or they'll be put in high disregard in some ways. I think this because the trend of the world is to dominate and control everything, so why its behavior towards bitcoin should be different?
We are speaking about money so we are speaking of power too.
i think now it has become the common issue of about all the countries of the world, some people that some countries have legalize bitcoin but i do not think there still there any official conformation on media or in news paper, on other side some have consider it as illegal, i think that is also not a correct information i think still no a single country has given any statement about bitcoin that either they accept it or not, but some countries most be thinking about this, and hope that soon they will declare it as a legal currency.
Well, in the long run we want to move toward regulating and taxing Bitcoin. That is the only way which can push cryptocurrency toward mainstream.
While I don't necessary agree with some amazingly unwise harsh legislation (for example I think BitLicense it a bit too much).
At the same time I am happy because it indicates that cryptocurrencies are boldly moving towards financial industry acceptance.
While I don't necessary agree with some amazingly unwise harsh legislation (for example I think BitLicense it a bit too much).
At the same time I am happy because it indicates that cryptocurrencies are boldly moving towards financial industry acceptance.
Bitcoin Legal Issues is an important concern in relation to international financial law. Bitcoin is doing well but there are many legal questions need to be analysed in relation to Bitcoin and its standing point as Digital Financial Service. Bitcoin is an Electronic Cash System providing digital financial services globally but there are many speculations and wrong definitions are floating in the Internet. Many governments and bankers as well as public are cofused of legal definition, what Bitcoin is ? >>
Each Government want control their own coutry by make every thing running within a legal book.
Bitcoin is the thing nobody can control. Therefore, some of them want get rid of , some of them still want make profits then they a involving
i think the main issue of the bitcoin is to legalize it and that is the most difficult process for the government. if this issued solve we will see bitcoin at a very high rate then.
yes in these days the most important and big issue related to bitcoin is that of bitcoin legalization. I think most of the people have now thinking about this and they are going to take a final action about this.
If bitcoin is legalized, they might make it mandatory for all users to identify themselves then it will not be so anonymous anymore. That will make it less fun.
I suspect that a lot of people will challenge such legislation in courts.
Some might just decide to ignore it and not comply.
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