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. 
Topic: Bitcoin legitimate or illegal? - page 7. (Read 1945 times)
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?
It is depend on the country because some are illegal and some are not. I think it is not illegal because even now we use it.
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?
I don't think if the legendary founder of Bitcoin Satoshi Nakamoto intends to create it for illegal purpose or usage. It all actually depends on the one who is using Bitcoin in illegal activities. If Bitcoin has been used in illegal activities, how about fiat money? Fiat money has been used in all kinds of illegal activities arround the world thousands of years ago while Bitcoin is just new but due to decentralized feature of Bitcoin, criminals adopted and preffered using Bitcoin because it is hard to trace by law enforcers. Lawless elements took an advantage of Bitcoins security features that's why criminals using Bitcoin is increasing. Well here in my country Bitcoin is not illegal instead it was accepted by central bank though they implemented regulations on our local Bitcoin exchanges. Maybe it was considered illegal in other countries because it may evade tax, money laundering, used to fund terrorists and any other illegal activities. 
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?
I recently saw an article saying that money laundry with bitcoin is actually insignificant and not really a problem. If we talk about cyber crime then it's increasing. I don't think crime has increased because of crypto, and it would probably be interesting to try to estimate the percentage of criminals using bitcoin, and compare it to the percentage of criminals using fiat for their activities. We would probably see that the percentage of criminals using fiat is probably higher than the percentage of criminals using crypto. We need to stop blaming bitcoin, and crypto in general, for crimes because they are popular because of it's practical use and not because it helps crime.
Anyway I do think regulation is doing is slowly doing it's work, and we see that bitcoin is considered illegal in just a few countries.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
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 
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 itself is legal unless your country identified it as illegal.
It's legitimacy depends on the user, if what is his purpose.
If you are asking if it is a legitimate money then the answer is not.
It doesn't have any real value the value that bitcoin has is only from
its demand from the users.
It's legitimacy depends on the user, if what is his purpose.
If you are asking if it is a legitimate money then the answer is not.
It doesn't have any real value the value that bitcoin has is only from
its demand from the users.
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?
Bitcoin is not illegal. Its how it was used for maybe illegal. If it existed years ago and it was already used for exchange or digital currency then how come it existed? Its maybe because those earning it years ago have realize how it make their earnings boost. So now they are afraid that many had used it then they're accusing its legality? The authorities should make regulations on its usage rather than the bitcoin itself because bitcoin is just the evolution of our currencies. We are going into a digital world. We need to go along also.
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?
Governments will note take any risk if they allow Bictoin they must set up more regulation otherwise that cryptocurrency will be consider illegal.Even if Bitcoin was created in a legal way and does not violate any rule at the moment, only governments decide what is legal or not so only their decisions will be taken into account but we must fight and inform as many people as possible so governments make a fair decision.
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?
bitcoin has have good intention to help the economy of every country giving job those unemployed, many country accepted bitcoin as first digital cryptocurrency because they understand about the importance of bitcoin even the paper money uses by the criminal people want to commit a crime nothing deferent between bitcoin and paper money use of bad elements.
Everything has a good and a bad side. I believe the positive side of Bitcoin is far more larger than the negative side of it.
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?
To our knowledge, Bitcoin has not been declared illegal in most countries. Although there are some countries (such as Argentina and Russia) that strictly prohibit foreign currency. Other countries (such as Thailand) restrict certain currency identity permits such as Bitcoin exchange.But sadly in some countries didn't make a room for bitcoin in there place and make it totally banned.
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?
Really looking at it in some way is not legal when it is used to carry out illegal transactions for offenders.
Such topics are constantly emerging, not only on forum but in all the media. Nobody can provide this proof. The fact that there are some cases when the small drug dealers asking for the goods payment in bitcoins or hackers ask for a ransom in bitcoins. It's all a very small number compared to the illegal trafficking of Fiat currency. I am sure that it will not change public opinion about bitcoin.
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?
Well it is simple hing actualy. Bitcoin is hard to track, and it is hard to prove who owns wallet. From that we can see that Bitcoin is almost perfect currency for criminals. But I think that people don't look picture as a whole. Smilar situation happens with fiat currency. Cash is hard to follow also, bu to be honest not as hard as Bitcoin. People look on Bitcoin as something bad or good, but they forget that Bitcoin is like all other money, it is neutral. What we do with it is our choice.
They're probably including the tax evasion when selling and profiting overall with bitcoin. The same thing goes for fiat currencies, bitcoin is just more anonymous. Bitcoin is legal in pretty much the whole world, there are some bans here and there but it's mostly legal.
Legitimate = As bitcoin is not controlled by any single entity and no-one can ever break the bitcoin network so yes it should be legit way of making payments.
Illegal = It is being used by criminals and hackers but they also use fiat so why don't government is not banning all paper cash
Some government/countries don't like to take risk of legalizing bitcoin in their territory only because they have fear that one day their citizen will start to hold their wealth in bitcoin rather than saving them in local banks. Both banks and government will not get any penny from their citizen's hard earned money.
Does tagging bitcoin as illegal thing gonna stop people from using it as payment method? I don't think so, bitcoin is revolution and its just like car which was considered as most dangerous things in past.
Illegal = It is being used by criminals and hackers but they also use fiat so why don't government is not banning all paper cash
Some government/countries don't like to take risk of legalizing bitcoin in their territory only because they have fear that one day their citizen will start to hold their wealth in bitcoin rather than saving them in local banks. Both banks and government will not get any penny from their citizen's hard earned money.
Does tagging bitcoin as illegal thing gonna stop people from using it as payment method? I don't think so, bitcoin is revolution and its just like car which was considered as most dangerous things in past.
At present, Bitcoin is only recognized in several countries, such as Japan and South Korea, in China and the United States is still prohibited in some continents, whether the law, over time to look at it.
All currencies around the world fund crime. Nothing new here 
I don't like much those threads usually, with a one line question leading to poor answers most of the time...
But here the question is interesting in its contruction and raises what's the main strength of btc that lots of old people can't understand!
You're asking if btc is legitimate or illegal. So you state that legitimate is more or less the contrary of illegal. But fact is that LEGAL and LEGITIMATE are different words for a reason ^^
Something can be illegal AND legitimate and that's mainly what bitcoin is! Or at least what the use of btc as a currency is.
Tons of governments are trying to ban btc as a currency and it is seldom recognized as a "real" currency. But fact is that a currency gains its legitimicy not from laws or rules, but from the use people make of and the trust they have in it.
A dollar in itself is nothing! It represents nothing and doesn't have any meaning. But people accept a dollar because they KNOW other people will also accept dollars and give them roughly the same value. Which is a dollar.
BTC si the same, governments and rules and laws can say wahtever they want but people accept a bitcoin because they know other people will accept the bitcoin and will give them, normally, roughly the same value. And most of them excpect in fact that once they'll try to give their btc for something else (currency, objects...) the value will have rise in fact xD
That's my 2cents on the subject, which is not as easy as it seems
But here the question is interesting in its contruction and raises what's the main strength of btc that lots of old people can't understand!
You're asking if btc is legitimate or illegal. So you state that legitimate is more or less the contrary of illegal. But fact is that LEGAL and LEGITIMATE are different words for a reason ^^
Something can be illegal AND legitimate and that's mainly what bitcoin is! Or at least what the use of btc as a currency is.
Tons of governments are trying to ban btc as a currency and it is seldom recognized as a "real" currency. But fact is that a currency gains its legitimicy not from laws or rules, but from the use people make of and the trust they have in it.
A dollar in itself is nothing! It represents nothing and doesn't have any meaning. But people accept a dollar because they KNOW other people will also accept dollars and give them roughly the same value. Which is a dollar.
BTC si the same, governments and rules and laws can say wahtever they want but people accept a bitcoin because they know other people will accept the bitcoin and will give them, normally, roughly the same value. And most of them excpect in fact that once they'll try to give their btc for something else (currency, objects...) the value will have rise in fact xD
That's my 2cents on the subject, which is not as easy as it seems
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