What will happen if bitcoin becomes illegal? Is this kind of currency is protected by law in most of occidental countries?
Do you mean like when gold was illegal in the United States in the past? http://en.wikipedia.org/wiki/Executive_Order_6102
Topic: If bitcoin becomes illegal? - page 3. (Read 10562 times)
Do you mean like when gold was illegal in the United States in the past? http://en.wikipedia.org/wiki/Executive_Order_6102
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Yep.
I hope there is some lawyer pro bitcoin in this forum that can gives us good advice...
I hope there is some lawyer pro bitcoin in this forum that can gives us good advice...
That's illegal.
Yep.
I hope there is some lawyer pro bitcoin in this forum that can gives us good advice...
I hope there is some lawyer pro bitcoin in this forum that can gives us good advice...
It WILL become illegal. Sometime, somewhere, it will eventually pose a threat and begin to eat away at someones bottom line. The question is not "if" it will happen, but how will the users and the network respond.
I'm thinking the same thing. Bitcoin is a real threat for the banking system and they won't like it if it becomes very popular. We must be prepared legally for this or we will be screwed. Is there specific laws ALLOWING such currency actually?
They will demonize it by associating it with drugs/terrorism/child exploitation/human trafficking and turn the general public against it. That seems to be the common way of killing something like this.
Then some special interest group will probably release their own centralized version of digital currency by promoting it as "progressive" etc etc...
That's what Bitcoin will be up against.
It WILL become illegal. Sometime, somewhere, it will eventually pose a threat and begin to eat away at someones bottom line. The question is not "if" it will happen, but how will the users and the network respond.
I'm thinking the same thing. Bitcoin is a real threat for the banking system and they won't like it if it becomes very popular. We must be prepared legally for this or we will be screwed. Is there specific laws ALLOWING such currency actually?
It WILL become illegal. Sometime, somewhere, it will eventually pose a threat and begin to eat away at someones bottom line. The question is not "if" it will happen, but how will the users and the network respond.
If I'm not mistaken, a currency can't become Illegal.
It just wont be allowed in certain places to be publicly trade-able.
It just wont be allowed in certain places to be publicly trade-able.
What will happen if bitcoin becomes illegal? Is this kind of currency is protected by law in most of occidental countries?
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