is bitcoin legal??? - page 26. | Bitcointalksearch.org

mardaed

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Quote from: Phebz on February 07, 2018, 11:49:12 PM

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.

In my country, bitcoin is not legal yet but luckily that there are investors who dive into crypto world and create and exchange which really help us to freely cash out our earnings in crypto currencies.
I am not sure whether my country will legalize bitcoin in the future but I am hoping and positively thinking that it will happen in the near future.

Wish 107.5

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Quote from: duongdaiduong on March 16, 2018, 07:56:49 PM

Yes, Bitcoin is legal with the country who was adopted it only, the rest are not at all because they don't accept the way Bitcoin works.
Bitcoin is too good for them to accept because their banks will be on the threaten and they absolutely don't want it to happen.

In my country, it is allowed to work on Bitcoin and to all of the cryptocurrencies, so I could say that bitcon is legal depends on the country's officials.

duongdaiduong

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Yes, Bitcoin is legal with the country who was adopted it only, the rest are not at all because they don't accept the way Bitcoin works.
Bitcoin is too good for them to accept because their banks will be on the threaten and they absolutely don't want it to happen.

kendra1107

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Quote from: Phebz on February 07, 2018, 11:49:12 PM

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.

Your view is on spot. Bitcoin has gained misconceptions such as being a scam or fraudulent by people who do not truly understand how it works. Bitcoin skepticism has become rampant in many nations due to different regulations. If it is accepted, it's legal. If not, it's illegal. What is applicable in one country may not be applicable in others.

So Bitcoin legality is more of a territory issue.

Here's an insight from Wikipedia on this topic.
https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

AnnaSitnikova

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Bitcoin is legal so far that the government has not banned the use of bitcoin throughout its country, but it will not happen right in every country because the countries that are developing and are not going to renounce bitcoin will fight for it until the last to facilitate their citizens' pricing

Usui-Chan

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I do not think bitcoin is illegal, they are just interested in it since everyone is anonymous and the investors are always going after it. There aro no laws or rules regarding bitcoin but I do not think that it should be illegal in any way, the government are just too scared thus protecting peiple too much from it.

Pesona1

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Leading Crypto Sports Betting & Casino Platform

legal bitcoin or not is the decision of every country, there may be a country that legalizes bitcoin and does not legalize bitcoin this makes it a lot of debate in various countries about legalizing bitcoin.

Lupus Solitarius

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Nobody knows what the bitcoin's legal position is, also because it varies from country to country.
In most countries, it is not illegal; this of course does not mean that it is legal, it simply means that the rulers have not yet figured out what to do.
We'll see.

yunuzov

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Well it’s different for every country. Some countries put restrictions on bitcoins while others allow their people trade bitcoin legally. There is no global restriction yet but i am expecting to see some bans and restrictions by dumb countries in the future. It’s doesn’t matter if they accept it or not , bitcoin and crypto currencies are the future.

globalcitizen

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Decentralized global citizen and crypto-preneur

The legality of Bitcoin has been a topic of serious concern to many government authorities around the world. Right now, some countries have taken the bull by the horn to legalize its usage in such economies while many others are still contemplating what to do with it. Where I live it is yet to be legalized.

patrickj

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Truly. I think bitcoin is law requirement. So it will be a great deal better for us. What's more, we can utilize it as per our desires since bitcoin is legitimate then we will have a great deal of work to do. Furthermore, we'll be free of pressure, we can function admirably. It will be anything but difficult to work for individuals of numerous nations if Bitcoin is lawful. And all the jobless individuals will discover their activity terms. Then they don't need to confront the agony of their activity. So it is our expectation that bitcoin ought to be lawful.

KullAxel

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yes by now id consider it legal, while some countries claim to ban bitcoin and make it illegal it is still legal. But of course it can be used for illegal things.

silver23

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Yeah i gree with you, Are Bitcoin and Crypto is Legal ?

We now, BTC can be really nice invested for us.
But if BTC ilegal why we can trade it to Dolar or other money.
If BTC is Legal ?
Why some country baned BTC.

Is so anoying ??

jumpflip27

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While tax authorities, enforcement agencies, and regulators are still exploring the phenomenon, one pertinent question is "is bitcoin is legal or illegal?" The answer is it depends on the location and the activity of the user

skaya7

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different from country to country .But I do not think it 's something to be scared of. I think it will be legal all over the world in the future

loaddebitcard

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Quote from: r.bhalla07 on March 16, 2018, 11:02:15 AM

yes bitcoin is legal it follows all rules and regulations of the government and this time it is top and safe from others.

In what country does it follow the regulations of the government? In most countries bitcoin is not legal and is not fixed in legislative system.

TrinurTrii

newbie

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only in some countries, but in my country Indonesia still prohibits bitcoin as a means of transaction to replace rupiah.

Anchor867

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i think bitcoin can be illegal and legal at the same time it is just a matter of how you will use it and also how did you get the bitcoin itself but at this point it can be called mostly legal

burky155

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This is very strange question to ask i guess.. Bitcoin is new payment/Money system in the digital World. This is the just beginning, soon no one use or carry money, the paper Money will finish soon..

kidilito2

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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.

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