Topic: Bitcoin legality across the globe (Read 31112 times)
This is an awesome website! Glad to see this data growing above and beyond a BitcoinTalk thread.
I'll probably still update this thread, but that's on the backburner as I'm extremely busy right now. From what I can tell, BitLegal has already incorporated all the content of this thread, so that makes it very low-priority.
Of all those governments, the US has custody of the most coins due to the Silk Road forfeiture.
It seems obvious that TPTB in Germany and Sweden are far friendlier to Bitcoin than in the US (for example) and that could translate into different legislation in the future.
I disagree.
The powers that be in germany don't know what to think.
It's simply their minions applying existing regulation.
Here`s the link for India and RBI from Bitcoin Magazine and Economic Times (India`s leading business daily)
http://bitcoinmagazine.com/6378/india-takes-a-hands-off-approach-towards-bitcoin/
http://economictimes.indiatimes.com/news/economy/finance/reserve-bank-of-india-wont-regulate-virtual-currency-bitcoin-yet/articleshow/21814624.cms
You can clarify this with Benson Samuel, who`s the India forum moderator , to confirm the details of his conversation with the RBI. Hope this helps !
https://bitcointalk.org/index.php?topic=305902.0;wap2
http://bitcoinmagazine.com/6378/india-takes-a-hands-off-approach-towards-bitcoin/
http://economictimes.indiatimes.com/news/economy/finance/reserve-bank-of-india-wont-regulate-virtual-currency-bitcoin-yet/articleshow/21814624.cms
You can clarify this with Benson Samuel, who`s the India forum moderator , to confirm the details of his conversation with the RBI. Hope this helps !
https://bitcointalk.org/index.php?topic=305902.0;wap2
Please add India. 
Denmark added. I'm waiting for further confirmation before Switzerland and China.
Well almost all the superpower countries are taken a negative stance against bitcoins mostly cause alot of people use them to buy drugs
What do you see negative about the data in the firsts posts?
By the same reasoning you could say that those countries have a negative stance about cars cause they limit the speed to 60kmh in cities or they require you to have a driver license.
Well almost all the superpower countries are taken a negative stance against bitcoins mostly cause alot of people use them to buy drugs
I live in Canada, and I never knew the government took bitcoin as an actual currency o.O
Legal =/= Legal tender.The legal tender laws are not such a great thing for all people.
It is how refunds may be given in the local legal tender instead of the original payment currency that was tendered in accepting the offer. (The legal tender are good for all debts public and private)
The point here being that "legal tender" is a characteristic of the more rude currencies. It means that you are forced to accept it in payment of a debt, and reduces your choice. A legal characteristic that Bitcoin neither needs nor ought desire.
Will go around making changes in the coming days. This thread is far easier to update than my other thread because there are more posts, and therefore more space .
.Thanks for your work. It is good to have a short summary to share with skeptical people.
It seems Cyprus is moving forward thanks to Neo&Bee http://www.youtube.com/watch?v=HBwZO1-5pV0&feature=youtu.be
Will go around making changes in the coming days. This thread is far easier to update than my other thread because there are more posts, and therefore more space .
. 
Unknown legality... Or they (the rest of the world) just don't give a f***? 
I live in Canada, and I never knew the government took bitcoin as an actual currency o.O
Legal =/= Legal tender.The legal tender laws are not such a great thing for all people.
It is how refunds may be given in the local legal tender instead of the original payment currency that was tendered in accepting the offer. (The legal tender are good for all debts public and private)
I live in Canada, and I never knew the government took bitcoin as an actual currency o.O
The US should not be green. Even though its technically legal, bitcoin businesses there are constantly being harassed by the government right now.
Sure, it is just not because they are using bitcoin, it would be similar for other currency exchanges. There are regulations for money transfer for all currencies, that the US has given bitcoin currency status makes it "legal", though being "legal" is not necessarily always "better" depending on what that means for regulatory issues.
The geographies where the law is silent on the matter may have an easier time with start-ups, but possibly a harder time dealing with more mature businesses.
All these "is it legal" questions when brought to authorities on the matter, are essentially begging for more regulation. Maybe you feel Bitcoin is big enough for more regulation?
A good rule to apply is, "if the site had dealt with fiat instead of Bitcoin, would it still have been shut down?". In the cases mentioned thus far, the answer to this would be yes. I see no reason to call Bitcoin illegal in the US based on these shutdowns. They were shut down not because Bitcoin is illegal, but rather because the commerce they engaged in is illegal.
Jump to: