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Topic: Is Bitcoin legal? - page 5. (Read 712 times)

jr. member
Activity: 45
Merit: 2
January 26, 2018, 10:12:04 AM
#39
Based on what I have read, there is no law or regulation which states that bitcoin is legal or not. It is not totally accepted by some government since they hold their country's monetary system. Maybe because they fear that their own currency will no longer be patronized and used by their citizens.. On the other hand, there are some countries which accept bitcoin (or other cryptocurrencies). In conclusion, the legitimacy of bitcoin depends on what country you're from. Conduct some research and know if your country is included in those which accepts bitcoin.
member
Activity: 143
Merit: 12
January 26, 2018, 04:02:52 AM
#38
It's legal, but depends on regulation by the government. It seems that if a county doesn't have a law about something, officials do not know what to do. Especially with the taxes, because in most cases authorities have no clue how to classify this asset, as well as a profit you get by trading, exchanging or just investing.
newbie
Activity: 4
Merit: 0
January 26, 2018, 02:33:33 AM
#37
It all depends on the government of particular country
jr. member
Activity: 52
Merit: 6
January 26, 2018, 01:32:43 AM
#36
It's legal if the government of a particular country will not decide otherwise
newbie
Activity: 2
Merit: 0
January 24, 2018, 12:39:40 PM
#35
Bitcoin is legal and it be use throughout the world is the best way
member
Activity: 70
Merit: 10
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January 24, 2018, 12:10:03 PM
#34
First of all you need to mention which country are you from and it depends in many countries it is neutral neither legal nor illegal.
hero member
Activity: 670
Merit: 512
January 24, 2018, 09:55:43 AM
#33
If you are in Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Nepal then yes. If not then it's likely legal to varying degrees.
you are right,those county is not allow bitcoin for the peoples.its hardly prohibited those county.from which county you are? If you mention the county it will be easier to find out the county information about bitcoin legacy.
newbie
Activity: 9
Merit: 0
January 24, 2018, 08:42:12 AM
#32
In Montreal, Canada, there are some restaurants that accept Bitcoins as a currency to pay your restaurant bill, so I guess it is, at least for Canada and U.S. I cant say the same for other country but I wish that I was of an help. Have a good day!
newbie
Activity: 59
Merit: 0
January 24, 2018, 07:45:08 AM
#31
Whether or not your country is legal, most countries in the world are legal, only a few are not!
newbie
Activity: 38
Merit: 0
January 24, 2018, 07:43:32 AM
#30
It's not legal but the law will not control it. I think so
brand new
Activity: 0
Merit: 0
January 23, 2018, 11:00:50 PM
#29
The fact that bitcoin can be anonymously used to conduct transactions between any account holders, anywhere and anytime across the globe, makes it attractive to criminal elements. They may use bitcoins to buy or sell illegal goods like drugs or weapons. Most countries have not clearly made determinations on the legality of bitcoin, preferring instead to take a wait-and-see approach. Some countries have indirectly assented to the legal usage of bitcoins by enacting some regulatory oversight.

Here's a link with detailed info from country to country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Very good interactive map: http://money.cnn.com/interactive/technology/where-is-bitcoin-legal/
jr. member
Activity: 52
Merit: 1
January 24, 2018, 07:10:16 AM
#29
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whilst the majority of countries do not make the usage of bitcoin.
Due to the lack of control of the country, many countries do not allow the use of bitcoins.
newbie
Activity: 28
Merit: 0
January 24, 2018, 04:54:06 AM
#28
I knew that there are a great many of people in my country use Bitcoin but I dont know whether Bitcoin is legal or not?
I am very sad for our country not accept bitcoin and all vertual coin, this problem in our country,  but sell & buy all coin screately😭😭😭
newbie
Activity: 308
Merit: 0
January 24, 2018, 04:39:34 AM
#27
Developent countries it is legal for example Rusia, Amerika, and etc. But it is ilegal for undevelopment countries.
It is my opinion hopefully can help your question.
brand new
Activity: 0
Merit: 0
January 23, 2018, 09:26:35 PM
#26
Tergantung tempat tinggal anda sendiri sih ,
Di beberapa negara, bitcoin dianggap legal dan digunakan sebagai mata uang. Beberapa negara mereka sebaliknya dan melarang .Beberapa negara sementara itu tidak peduli atau belum pernah mendengar tentang bitcoin
full member
Activity: 257
Merit: 100
January 23, 2018, 10:05:23 PM
#26
Bitcoin is not illegal at most parts of the world, bu at the same time many countries are planning to stop it some how. We the crypto lovers are actually waiting those countries to regulate it.
full member
Activity: 126
Merit: 100
January 23, 2018, 09:48:35 PM
#25
It's not illegal, for now. But there're countries that already think how to regulate or ban it.
jr. member
Activity: 94
Merit: 4
January 23, 2018, 07:28:15 PM
#24
I believe bitcoin is not legal but not illegal at the same time what it likes is an online business that all participants are getting profit.
full member
Activity: 364
Merit: 117
January 23, 2018, 02:20:23 AM
#23
Legality of BTC is a subjective matter. Some countries like Japan made it completely legal few countries have banned it and in some countries like US it is partially banned.

Countries like Russia, India are in process of drafting a regulation on BTC and crypto coins.
legendary
Activity: 2296
Merit: 1014
January 23, 2018, 02:07:59 AM
#22
I knew that there are a great many of people in my country use Bitcoin but I dont know whether Bitcoin is legal or not?
If something isnt forbidden its allowed. Dont know any possible ways to bitcoin become illegal because there is no reason. People have nature to complicate things, so who knows.
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