Topic: is bitcoin legal??? - page 12. (Read 3047 times)

Its depended by country's  s some countrys accepted BTC trading and some county's not accepted, my country also not accepted BTC, here BTC is illegal 

it depends in a country, if a country legalizes bitcoin then it could be the country will go forward but unfortunately its in my country not yet legal official.

Bitcoin is legal in some countries, such as Japan and Germany. In my country, the government is not friendly to bitcoin. The government has no specific measures to regulate bitcoin's illegal behavior.

China: There is no currency attribute, not a real currency



    On December 5, 2013, the China Central Bank and other five ministries issued the Notice on Preventing Bitcoin Risks, clarifying the nature of Bitcoin and considering that Bitcoin is not issued by the monetary authorities and does not have monetary attributes such as legality and mandatory. Therefore, it is not a real currency. At the same time, financial institutions are prohibited from providing bitcoin trading services.



    Upon the release of this notice, bitcoin prices fell, with a drop of nearly 50 [%].



    Russia holds a hard-line attitude towards Bitcoin, South Korea refuses to recognize Bitcoin's currency status, and the Netherlands warns of Bitcoin's risk.



    Bitcoin status, blockchain technology impact today



    Now countries such as China, Russia, and the United States, South Korea, and other countries that are not optimistic about bitcoin, because bitcoin's blockchain technology is slowly changing, from the perspective of government departments, the central bank governor Zhou Xiaochuan pointed out in February 2016 that the digital currency must be held by the central bank. Distribution, blockchain is an optional technology. Prior to this, the central bank also held a digital currency seminar.



    Germany: The first country in the world to recognize the legal status of Bitcoin



    In August 2013, Germany announced its recognition of the legal status of Bitcoin and has been incorporated into the national regulatory system. Germany is the first country in the world to recognize the legal status of Bitcoin.



    Japan: Defining Bitcoin as an Asset



    In June 2014, the ruling Liberal Democratic Party of Japan stated that it decided not to regulate Bitcoin temporarily. In August 2015, the CEO of Mt.Gox was arrested and the Japanese government considered bitcoin regulation. In May 2016, Japan approved for the first time the Digital Currency Supervision Act and defined it as property.



    Canada: Recognizing Bitcoin's "Currency Status"



    In December 2013, the world’s first Bitcoin ATM machine was put into use in Vancouver. Many native Bitcoin entrepreneurs chose to relocate to Canada for entrepreneurship because of regulatory issues in different US states.



    Thailand: The first country to block Bitcoin



    According to the Ministry of Foreign Exchange Management and Policy of Thailand, the following activities are considered illegal: Bitcoin is traded, Bitcoin is used to buy or sell any goods or services, and Bitcoins are exchanged with anyone outside of Thailand.

Definitely yes! because we can say that one thing is illegal if there is a law prohibiting something with this things right? so legality of bitcoin is depends where you are living, if the bitcoin is prohibited in your place definitely the use of bitcoin in your place is illegal.

In most countries bitcoin is legal while in some country it is banned, country like japan bitcoin is a legal asset and can be to pay for good and services and even use it to pay salaries. China is a example of a country where bitcoin is banned. So it all depends on country.

Many countries in the world prohibit the use of bitcoin but do not eradicate bitcoin users, just a ban. The people also keep using bitcoin, so in some countries the bitcoin is illegal. Including my country, the use of bitcoin is also still illegal. There are very few countries in the world that legalize the use of bitcoin, whereas bitcoin has helped us a lot in terms of advancing the family economy. Perhaps the countries that forbid it to have a certain meaning and purpose. I hope someday bitcoin will get legality from my government, so bitcoin has great hopes and chances to survive in the future.

That's right. The legality of the Bitcoin will depend on each country. Now, some countries legalize the bitcoin and other cryptocurrencies. But some other countries precisely ban or don't legalize it. The regulators of the government and its complement really influence the decision of the country.
But, along with the use of bitcoin, I personally think that we are also working on this term. We spend our money, our time, our energy, and our thought in bitcoin. So, it is likely normal to gain more profits with the bitcoin.
Just big hope to get the best decision around the cryptocurrency world.

In some bitcoin countries it has not become legal. the reason the government has not legalized the bitcoin I think with the purpose of protecting its people.

Yes, the legality of Bitcoin depends on the laws of the country you are in. If your country explicitly prohibits it, then it is illegal. If not, then it is legal.

it all depends on where you are living
there are some countries that do not like the existence of cryptocurrency, so they prohibit its citizens to have cryptocurrency
there is also a legalkan like Japan and some European countries
and there is also a neutral like Indonesia

In my country, Bitcoin has not been legalized and the possibility to be legalized is very small. I'm not sure Bitcoin will be legalized in my country. But at least I am still grateful because the Government in my country does not forbid to use Bitcoin as an investment asset. So I can still use Bitcoin although not as free in other countries.

depend of the country, some country may legalize and the other country is not.
in my country bitcoin is still be an issue about its legality, maybe in the future my country will fully legalize the bitcoin and crypto things

bitcoin is a virtual currency that some countries perceive legally,
depending on where we stand and live because not all countries
legalize bitcoin, and for me personally bitcoin is legal

There are different rules about bitcoin in every countries. Some of them are legalized the usage of the system and some of them are ban the bitcoin system. Some of the countries which bitcoin are legal is a democratic country where they can do anything in their own will.

How do you define this, BITCOIN  is not yet legal but it is not banned.  It's hard to banned a thing that exist only in the internet.  Maybe the government can taxed it but even then it is very hard to traced it. Let us enjoy BITCOIN now without tax and worry for the future later.

Bitcoins may be considered money, but not legal currency
Bitcoin is largely used for illegal activities, but I sincerely thinks it never was designed to do so, and its foremost interests as an experiment and alternative money system have nothing to do with it

Many country already regulate bitcoin and cryptocurrency as long they can collecting taxes from cryptocurrency trade. Many country still prohibit bitcoin or others coin because they still dont understand about cryptocurrency and maybe because banks lobby on the government to ban bitcoin, because bitcoin or others coin can disrupt banks bussiness

I think it all depends upon how comfortable enough you are in holding altcoins rather than converting it to bitcoin. If you already have doubts on your altcoin and how ell it works for you, it will be better for you to sell it all rather than your mind is sticking on worries about your altcoins and its fate.

I agree, simply because bitcoin exist in online in  a blockchain technology which available and accessible to almost all individual across the globe.
In our country bitcoin is recognized by the central bank and even gave license to an exchange platform along with local banks and remittance centers.
Apart form bitcoin, at present the Etherium is also part of their exchange.

Regulations such as this one extends further utility of bitcoin and its popularity. Thus, promoting it in a way. However, bitcoin is yet to be legalized in the country.