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Topic: is bitcoin legal??? - page 28. (Read 3047 times)

jr. member
Activity: 178
Merit: 2
March 16, 2018, 08:30:25 AM
Demographic is very complicated, for example in my country in southeast asia. the state rejects crypto currency because its transaction model is not centralized. but with the ripple coin it could be an option because of its centralized system model. even ripple for now has been working with several banks in several countries.
full member
Activity: 854
Merit: 102
March 16, 2018, 08:27:33 AM
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.

If talking about the issue of bitcoin legality is very dependent on which country we are. There are some countries that have legalized, and there are some that prohibit. Particularly in my country, the government does not prohibit the use of Bitcoin or Cryptocurrency and neither does it legalize it. That is, there is no legal provision about Bitcoin.
member
Activity: 62
Merit: 10
March 16, 2018, 08:27:14 AM
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.
For me even if bitcoin did not supported by goverment I can say its legal because of this is the only way that people can make a huge income by participating forum activities.

I thought you don't have any idea how bitcoin works. It is not like a bounty all about. It is the innovation of our generations. Bitcoin is legal even in other countries. You can make a moeny in trading not only here.
member
Activity: 490
Merit: 10
March 16, 2018, 08:20:27 AM
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.
Yes, it is true. The law of bitcoin depends on where we live. In the country where I live, bitcoin is not legalized as a medium of exchange. Even countries forbid the use of bitcoin as a means of payment. However, the government does not forbid citizens to deviate or use them for transactions with legalized countries.
newbie
Activity: 182
Merit: 0
March 16, 2018, 08:09:08 AM
There are no obstacles in front of you in order not to be legal. but the states are worried because they can not control the cryptographic world.  Roll Eyes
full member
Activity: 269
Merit: 100
March 14, 2018, 04:34:22 AM
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.
Agree and the answer depends on many different things.
full member
Activity: 280
Merit: 100
March 14, 2018, 04:30:16 AM
To date, the legal is all that is not prohibited:) Cryptocurrency is above the law, as it is not described in it.
member
Activity: 226
Merit: 10
March 12, 2018, 03:07:10 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.
For me even if bitcoin did not supported by goverment I can say its legal because of this is the only way that people can make a huge income by participating forum activities.
newbie
Activity: 240
Merit: 0
March 12, 2018, 03:04:42 PM

The legal use of BTC depends on the country you are in, some countries have embraced it, others completely banned it while others are still in the legislation process. whether its legal or not totally depends on one's geographical location
full member
Activity: 392
Merit: 100
March 12, 2018, 03:00:25 PM
In most countries, it is either in a legal or gray position. Where officials want to take control of the process of mining and trading coins-there are changes in the legislation.            
jr. member
Activity: 182
Merit: 4
March 12, 2018, 08:22:29 AM
Bitcoin is making exciting progress in the Philippines. The central bank of the Philippines has issued a virtual currency exchange guidelines. According to the plan, Philippine officials officially recognize bitcoin as a payment system. Soon, bitcoin will become a legal form of payment in Japan.

In the future, more and more countries will use the bitcoin payment system, and it is only a matter of time before bitcoin is legalized.
newbie
Activity: 22
Merit: 0
March 12, 2018, 08:09:35 AM
Bitcoin is "not illegal", that is different to be "legal".
Simply, lot of countries have still no idea about what to do, and - waiting for a common position - they do nothing.
We'll see.
sr. member
Activity: 524
Merit: 258
March 12, 2018, 07:50:49 AM
Yes, bitcoin is legal. Although it is not regulated in Central Bank, it still legal because of its some reason like it doesn't violates the law or I must say there's no law for cryptocurrency.
In fact, it helps people to have better income for their future.
full member
Activity: 308
Merit: 100
March 11, 2018, 07:51:15 AM
Yes, that is true it really depends. In our country it is not that supported but we can still be part or use Bitcoin in short Bitcoin is not ban here hopefully it would still be.
In my country, there is still no law that would regulate crypto currency. I believe that if the law does not regulate this, it is not prohibited.   Wink
member
Activity: 490
Merit: 10
SEND AND RECEIVE MONEY INSTANTLY
March 08, 2018, 03:36:29 PM
Many country doesn't involve the BTC for now. for example in my country; government neither support BTC nor forbid it.
newbie
Activity: 84
Merit: 0
March 08, 2018, 03:32:17 PM
Have just read that the Chinese authorities are going to check the accounts of their citizens and companies to circumvent the ban on trade in crypto-currencies and participation in the ICO. Assets of violators are frozen, and accounts are blocked
full member
Activity: 322
Merit: 101
March 08, 2018, 03:00:22 PM
Yes, that is true it really depends. In our country it is not that supported but we can still be part or use Bitcoin in short Bitcoin is not ban here hopefully it would still be.
member
Activity: 448
Merit: 10
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March 08, 2018, 02:55:41 PM
in most countries bitcoin in not legal and not unlegal. there is no official goverment opinion about it in that counries. so using bitcoin u like playing a dangerous game. have risk, but u think that it will be ok always.
jr. member
Activity: 154
Merit: 6
March 08, 2018, 02:46:54 PM
its depended on country, most of the country's cryptocurrency is not accepted and come country's thinking about regularization,   
member
Activity: 100
Merit: 11
March 08, 2018, 02:32:24 PM
For me it's perfectly legal and I hope it stays like that  Cheesy
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