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Topic: bitcoin legal or not - page 10. (Read 3275 times)

sr. member
Activity: 2506
Merit: 368
October 13, 2018, 12:28:26 PM
#56
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
It is legal, but to some countries it's not and you have to really know what country you are in.

Try visiting this website for more info:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
sr. member
Activity: 569
Merit: 250
October 13, 2018, 10:36:49 AM
#55
bitcoin is a currency that is not centralized, bitcoin is not regulated by any party, then what makes this bitcoin illegal? of course bitcoin is a legal digital currency, which is not regulated, and even banks cannot declare bitcoin as an illegal currency because they do not hold it and arrange it
member
Activity: 350
Merit: 11
October 13, 2018, 10:09:33 AM
#54
It depends on where country you are. The status legal or illegal are different in certain countries. There's a country who is fully legalized bitcoin, there's country who is totally banned it, and some countries which is not legalized crypto but it's also not banned there. You can read or search to know which country who legalized or banned it.
member
Activity: 434
Merit: 13
October 13, 2018, 08:44:21 AM
#53
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
In some countries there are those who have legalized the use of bitcoin, but there are also countries that do not legalize the use of bitcoin.
From which country are you from?
Because the country that legalizes the use of bitcoin, I consider it a country that has technological development.
newbie
Activity: 5
Merit: 0
October 13, 2018, 08:13:53 AM
#52
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
It is legal but you need to know in county  are approve the bitcoin. So many county are not approve the bitcoin those county are not allow this. I know some county are inlegal bitcoin ( bangladesh,soudi arabia etc ) they are not approve bitcoin in they county.
legendary
Activity: 1232
Merit: 1195
October 13, 2018, 08:00:06 AM
#51
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me

Roll Eyes. This is like asking whether it's legal to have gay sex or not in your country. Well how do we know. It all depends on the laws of your specific country, so either google that or ask someone in the know in your country (law enforcement or whoever). Bitcoin is legal in most places but there are a few places where it's strictly illegal.

I found this article which may help you https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

But I have not checked the veracity of any of the information so take that into consideration.
jr. member
Activity: 266
Merit: 1
October 13, 2018, 07:55:28 AM
#50
Its system is legal but there are lots of country dont accept this system especially to those country who is  the goverment is the cebter of their community , goverment are against to this system because for them it was a big barrier for them.
full member
Activity: 532
Merit: 100
October 13, 2018, 07:53:48 AM
#49
Well, it depends on each country actually, some country actually has banned bitcoin and also some of their bank nation also said that bitcoin was an unvalid payment tools like my country has. But after all, as long as their hasn't block bitcoin I think its alright.
full member
Activity: 461
Merit: 101
October 13, 2018, 07:41:46 AM
#48
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
Bitcoin is totally legal in most of the country all over the world, but there are some countries that bitcoin is illegal, Such as China, Ecuador, Bolivia, and Morocco, there are several cases sentence those people that used bitcoin to these restricted countries.
copper member
Activity: 232
Merit: 10
October 13, 2018, 07:26:48 AM
#47
Bitcoin is a digital cryptocurrency. It is legally developed to enhance peer to peer transactions without interfere of any third parties with less fees, safer and quick. Govt of different countries considers Bitcoin either legal or illegal depending on their mentality and people's behavior of that country.
copper member
Activity: 301
Merit: 2
October 13, 2018, 07:18:13 AM
#46
In some countries Bitcoin has become a legal payment instrument, and in some countries Bitcoin is banned. As far as I know, there are three state attitudes regarding the legality of Bitcoin. first, a country accepts Bitcoin as a legal payment instrument. here everyone can use Bitcoin directly. Secondly, a country's Neutral Attitude towards Bitcoin, meaning that the State does not prohibit its people from playing Bitcoin and also does not recommend it, meaning it is up to each individual. And the third is, the State prohibits Bitcoin, here every activity related to Bitcoin is not permitted by the government.
full member
Activity: 952
Merit: 107
October 13, 2018, 07:00:36 AM
#45
Bitcoin is purely LEGAL, however, there are countries that have not yet legalized cryptocurrency and if Bitcoin is not legal in your country I think you should stop, you are using BTC in a counry that is illegal, which means you can get arrested.
Bitcoin is legit when country accept it already for making transaction. It is not good for the country that never recognize bitcoin because that will make you go in prison. Bitcoin is legit and many are benefitted from it as you work for it or even investment. You can exchange it in many currency and even used for paying in stores more faster and many opportunity.
copper member
Activity: 42
Merit: 2
October 13, 2018, 06:52:38 AM
#44
Bitcoin is a major discovery in the current financial sector.At present, governments of many counties have declared it valid and they are using it for their financial transactions.It is not legal in our country at present, but now it is going to become lawful now,and one day it will be declared legal of our country,not much at that time.
full member
Activity: 406
Merit: 101
October 13, 2018, 06:45:02 AM
#43
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
I do not even know how this will affect the bitcoin exchange rate, if only for it virtual assets derivatives without 100% security did not begin to rivet. Will it depend on that?
member
Activity: 322
Merit: 16
October 13, 2018, 06:30:49 AM
#42
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me

bitcoin is actually a legal thing because bitcoin is used as a medium of exchange in cyberspace, but there are some people who use the anonymous nature of BTC to do something illegal like money laundering, drug trafficking, as well as human trafficking. actually is the same as money which is legal, but there are also some people who use it for illegal things
sr. member
Activity: 1078
Merit: 254
October 13, 2018, 06:30:45 AM
#41
Bitcoin is purely LEGAL, however, there are countries that have not yet legalized cryptocurrency and if Bitcoin is not legal in your country I think you should stop, you are using BTC in a counry that is illegal, which means you can get arrested.
sr. member
Activity: 665
Merit: 250
October 13, 2018, 06:19:13 AM
#40
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
if you are in a country that has legalized bitcoin as a valid currency, of course, your bitcoin is legal in my country, bitcoin is still prohibited from conducting transactions directly because bitcoin has not been fully recognized by the government as the current currency
full member
Activity: 672
Merit: 105
October 13, 2018, 06:02:23 AM
#39
In my opinion, all depends on how the rules in a country are made for Bitcoin, if in a country or government we don't issue any statement about Bitcoin, it means we can use it, but if our country issues a statement or a ban on Bitcoin it is forbidden use it.
member
Activity: 490
Merit: 10
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October 13, 2018, 06:00:31 AM
#38
There is no legal arrangement in many countries yet. However, many countries have started to show their attitude.
sr. member
Activity: 1918
Merit: 268
Vave.com - Crypto Casino
October 13, 2018, 05:52:53 AM
#37
in my country it's not legal what about your country, legality is depending on where you live, so that's just an easy answer to your question now
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