Topic: is bitcoin legal??? - page 13. (Read 3047 times)

Yes, legality can further promote the legal status of bitcoin, but even without state recognition, it will continue to exist in the Internet world. No one can destroy it.

Very few countries have gone as far as to declare bitcoin illegal. That does not, however, mean that bitcoin is "legal tender" - so far, only Japan and Belarus has gone as far as to give bitcoin that designation. However, just because something isn't legal tender, does not mean that it cannot be used for payment - it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.

Bitcoin is not a company but only a technology which is decentralized.
Nobody can ban bitcoin because as long as there are miners around who will mine bitcoin, the network will be operational
and anyone can transact using bitcoin.

On December 5th, 3rd, the People's Bank of China and other five ministries issued the Notice on Preventing Bitcoin Risks, clarifying the nature of Bitcoin and considering that Bitcoin is not issued by 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 toward 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 and South Korea that are not optimistic about bitcoin, because bitcoin's blockchain technology is slowly improving, 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.

Yes, the company of bitcion is a legal entity which have a license to operate and supported by the government of United States of America from its operation; so you don’t have to worry about because they are legit company.

currently bitcoin legal in some countries, and I hope that in the future the world will be both bitcoin guess it, because giơg very valuable now bitcoin is large and is lasting and stable investment, provide sources of income major economic, for everyone, I suppose the bitcoin changed the world in the future because it brings brighter life.

The legitimacy of Bitcoin depends on what your country thinks about it and how it works. In China, Bitcoin transactions have been restricted, but I know that many countries have already legitimized Bitcoin or tried to legitimize it.

Right know there are no governments or financial authorities/organization declare publicly that bitcoin is illegal, so bitcoin is legal.
may be some people would say or other coins are in a neutral field, but it still  means legal.

Bitcoin is not controlled by any government, but some countries want to regulate it.

It depends on how you apply to different jurisdictions in different laws. Bitcoin is legal in most countries.

Bitcoin is legal in some countries only, such as Japan
but in other countries, no one has been able to legitimize the existence of Bitcoin for the reason that the risk is so feared could make people become poor suddenly, because BTC prices are unstable

The Blockchain technology has no use for the word legal or illegal as it is one of the discriminations it is tying to fight against and if you have to ask if it is legal in your localities or your country, you can read up on your laws and constitution

hopefully in Indonesia soon legalized because so many are interested about this digital asset. on the other hand the price of the higher BTC is what makes people more interested.
I hope the government immediately legalize BTC transactions as it has already happened in developed countries. I also hope that many investors will punish this BTC and will further expand

In my country, bitcoin is not legal yet. If it is legal maybe in my country will be taxed. However, to legalize bitcoin in my opinion is not easy. Should need preparation to be faced if one day there is a problem in this crypto.

Bitcoin is the part of web and it's not doing any harm to people. I can't get why many goverments baned bitcoin and other tokens in their counties. Maybe they just scared of freedom?

Bitcoin is legal and it's should be legalized in every country to make payment and service very switchable to avoid long cue and traffic in banking.

Now bitcoin is legal in many countries. I think that in the future the whole world will legalize the crypto currency. People should understand that crypto is our future.

Of course Bitcoin is legal, if you declare your belonging to your government it is perfectly legal so they can tax you and take their share

Bitcoin a superior way of transferring and transmitting value. Anything that has incredible utility like bitcoin is considered revolutionary. Bitcoin is revolutionary and it's very valuable so it's legal.

I think that Bitcoin is legal in most countries in the world. The problem is that almost everywhere this legalization is quite limited. I am sure this is a temporary thing that will change within the time.

exactly. in my country. They have no policy to control bitcoin. And bitcoin is not considered a commodity. The bank does not recognize bitcoin.