Bitcoin legal or illegal? This is a question of perspective av different answers may be gotten on it. To look at the definition of legal can help in classifying BTC as either legal or illegal. To some countries that accept blockchain technology (UAE), BTC can be legal while some countries can call BTC illegal in their contry (USA). More over, there are some countries with no stand on BTC (Nigeria).
Even, majority of countries that doesn't approve BTC is due to the mining process which has been abused by their citizens.
BTC is legal and illegal. It depends on the authorities in your country.
Topic: Bitcoin legitimate or illegal? - page 6. (Read 1957 times)
In our country, we call it legit if it's really paying and not a scam. So for me bitcoin is legit, but not yet legalized nor banned in our country. It depends on the user on how he will use it.
I do not know, I just do what I want to do in this bitcoin zone.
And I do not know the exact truth .. While we are busy looking for it.
And I do not know the exact truth .. While we are busy looking for it.
Using bitcoin is not illegal in our country and the goverment didn't prohibited us to used this for payment to purchase things. But it makes illegal if someone used the bitcoin in such wrongly manner like for example;
- to do scam people by promising to them impossible return of inbestments with their liitle investment.
- to buy drugs using bitcoin
- to fund illegal activities like terrorism.
-intentionally hiding your wealth tthrough bitcoin to avoid paying tax.
- to do scam people by promising to them impossible return of inbestments with their liitle investment.
- to buy drugs using bitcoin
- to fund illegal activities like terrorism.
-intentionally hiding your wealth tthrough bitcoin to avoid paying tax.
Bitcoin being a digital currency, and I must say the well-known money in the internet has gathered bad reputations because of the deep web. It was just my observation because of the people that I have been asked, saying that "Is it the one that they use to trade or to pay in the deep web? That is an illegal money." Some are even afraid to have bitcoin because of it, however bitcoin-ing has been a good part time for me being a student, it helps me in my financial assistance.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Bitcoins are not accepted for daily payments at shops, services and banks. But the law does not prohibit bitcoin. Bitcoin has not affected the law yet. You like to participate and invest in bitcoin not up to you. Success or failure in digital currency by you.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Bitcoins are not accepted for daily payments at shops, services and banks. But the law does not prohibit bitcoin. Bitcoin has not affected the law yet. You like to participate and invest in bitcoin not up to you. Success or failure in digital currency by you. Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
yes here in our country bitcoin announce in television a scam source in different ways like in mining and in other transaction i think its so easy for scammers do to that because this is digital no one can trace you but we can do to not involve in any scam site or crime here like search in the site you want to give transaction or we can try first with no invest to secure in scam site I believe this is essentially asking the same question: "Is gold legitimate or illegal?", to which the answer is also: legitimate.
Not in all countries my friend and the definition is also an issue. In some countries you can trade it as a commodity, but you
not allowed to accept it as a payment option. All companies have to adhere to the most basic accounting practices and they
have to pay taxes, so filing their taxes and showing that they used Bitcoin, will turn out bad for them. OP, Bitcoin does not
increase crime... people actions increase crime.
I believe this is essentially asking the same question: "Is gold legitimate or illegal?", to which the answer is also: legitimate.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Regarding the work of bitcoin depending on what country you are currently in it might be banned or allowed to foster. however when it comes to crime that is actually one of the reasons why it is being banned however it is not to say that it is illegal more that some people are using it to fuel their evil deeds
Actually if I think the legitimate bitcoin is legitimate there are only people who judge the bitcoin is illegal and maybe in the corner of their view bitcoin is not clear the weight of the seeds and something, like in my country bitcoin still illegal can not accept bitcoin entry, but bitcoin breakthrough new world modern this, the many technological developments that cangih, I think my country is always backward by this modern era.
Is bitcoin legitimate or illegal?
This is an interesting question. Bitcoin could be both legitimate and illegal depending on who is using it, the condition under which they are using it or even the country in which they are using it.
It is legitimate if the parties involved believed in it and accept what value they presume and appropriate to it. That there is agreement that it is a quantity of value makes it a legitimate means of transaction.
Bitcoin is legal if it is not banned or its use restricted in your country. A country such as China, which has placed some restrictions on its use would consider it illegal.
Use of Bitcoin for crime or to conceal proceeds of crime would make it illegal in that circumstance in most countries. So bitcoin is legitimate, it could be legal or illegal depending on the circumstances surrounding its use.
This is an interesting question. Bitcoin could be both legitimate and illegal depending on who is using it, the condition under which they are using it or even the country in which they are using it.
It is legitimate if the parties involved believed in it and accept what value they presume and appropriate to it. That there is agreement that it is a quantity of value makes it a legitimate means of transaction.
Bitcoin is legal if it is not banned or its use restricted in your country. A country such as China, which has placed some restrictions on its use would consider it illegal.
Use of Bitcoin for crime or to conceal proceeds of crime would make it illegal in that circumstance in most countries. So bitcoin is legitimate, it could be legal or illegal depending on the circumstances surrounding its use.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Since bitcoins are untraceable when transacted, it is easy to launder money without any bank or goverment sniffing the criminals out. Decentralization of bitcoins makes bitcoins an easy form of money for cybercriminals to use in their mischiefs. Maybe this is the reason why some countries bar the use of bitcoins, to prevent cyberterrorism.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
in my country is still not legended because it still uses a real non-digital currency such as bitcoin, for crime is very possible as a money launderer from irresponsible people, as a fundraiser of criminal activity
i think bitcoin is legitimate, it just depends on who is using it for trading
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Yes it is truth that the bitcoin growth for the crime activities especially in the countey of europe and germany. We know thay the bitcoin is used for buy everythings in the online. Sometimes in the online market or in black market. Black market is a market that sell parts of a human including kidney heart etc. And because of this they find or theu look for the supplier . and in the one site like deep web. We know that is part of the crime for the bitcoin because this site is illegal. 
In my country I have not officially launched bitcoin currency, but there are cities in my country that use bitcoin as payment like buying drinks, food, clothes etc. And it's obviously bright not to hide so what do you think?
Bitcoin here in my country is become popular here, and because of that theres a lot of us know and some of them use it to have addtional income, but our government is not yet considered it as legit, because they know that many criminal used bitcoin for their illegal activities.It is so sad for you, well anyways it doesn't matter, time will only knows what is going to happen in bitcoin. Although lot of speculations that it has a high potential to be successful and be used in the future, there is no guarantee what will happen, it is possible also that it will turn into the opposite, and no one knows about it exactly.
It's illegal to use bitcoin as money laundering,In China, the exchange of RMB is prohibited
In my country I have not officially launched bitcoin currency, but there are cities in my country that use bitcoin as payment like buying drinks, food, clothes etc. And it's obviously bright not to hide so what do you think?
Bitcoin here in my country is become popular here, and because of that theres a lot of us know and some of them use it to have addtional income, but our government is not yet considered it as legit, because they know that many criminal used bitcoin for their illegal activities.Jump to: