Topic: is bitcoin legal??? - page 9. (Read 3047 times)

Bitcoin are legal in some countries especially for those country that are democratic. Some countries are accept bitcoin because tyey believe itcoin is the future of payment system and cryptocurrencies. I hope that someday other country will accept this kind of system and it will help are economic grows.

Since officially cryptocurrencies are not forbidden worldwide, bitcoin remains to be legal. But in some countries you can face troubles, yet some governments implement crypto currencies regulations.

Many countries legalized btc but the other are not just because maybe the government does not get any taxes came from btc.As we know our government always collecting taxes for each countrymen because we are earning profits and that is a one big reason.

For me,  I can say bitcoin is legal impact a lot of country's now accept bitcoin as legal tender their country's. We all know her that japan is the first country that accept bitcoin as legal tender in their country. And followed by many, Like now their are many country that followed japan.That accept and welcome bitcoin in their country's this are the UK, Germany, Zimbabwe, Nigeria, South Africa, Venezuela. And my country also the Philippines are planning also to accept bitcoin as legal. So it's is clear that bitcoin is legal and Yes, friends you are correct the legality of bitcoin is depend of the user's, how they are going to use this creation in good way.

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.

My opinion is that it can not be considered illegal unlawfully. because every person can spend their own means, including crypto currency, as he himself wants.

You have a point, the legality of bitcoin is it depends on where country we lived. In my country bitcoin is not legal but it is not illegal too. Yes not legal because there is some scenario that bitcoin is used by scamming so they didn't want to legalized bitcoin in my country. And not illegal too because even though they didn't want to legalized still bitcoin can used in transaction like paying bills and still not banned in my country.

The legality of bitcoin depends on the country or environment in which you are. As for me, bitcoin is legal as long as I can use it to make profits and can use it as a means of exchange. It need time for the government and other authorities to accept it.

Bitcoin legality is nt same in every country every country there is different legality we can check the bitcoin legality in this website coin.dance

There is no was bitcoin could be made "illegal" as it's nothing more than a game online where you exchange some points.Of course, if someone will pay you for these points, so there is a movement of money, you have to justify it.

Oriental countries seem to have a higher level of bitcoin closure than Western countries. Russia is currently the largest country in the country that declared bitcoin illegal. However, China and South Korea are the two countries that have recently stepped up efforts to review and monitor the use of Bitcoin. In fact, the price of Bitcoin has fallen sharply in the world due to the influence of the Chinese and South Korean governments continuing to rectify the cryptocurrency. According to reports, there are 100,000 signatures in Korea requesting refusal of proposals to ban cryptocurrency transactions; 30,000 signatures have requested the removal of two ministers, the Finance Department and the Legal Department, on the grounds of manipulating the market.

North America and Western Europe are the areas with the highest degree of bitcoin recognition. On the issue of Bitcoin, the Middle East seems to be the most inconsistent. Interestingly, Iran, Iraq, and Turkey all recognize the legitimacy of Bitcoin, while Afghanistan, Pakistan, Saudi Arabia, and Egypt impose different degrees of restrictions on the cryptocurrency.

Of the 246 countries in the world, 99 countries (40%) currently have laws that do not restrict Bitcoin. Nearly 17 countries (7%) either limit Bitcoin transactions or believe Bitcoin is illegal. 53% of countries have not commented on the legality of bitcoin and its use in their respective countries. For Bitcoin, this is a risk factor because some countries that have not concluded may impose restrictions on cryptocurrencies.

ok, Bitcoin nowadays is not only a cryptocurrency or a digital payment system. Actually thanks to its unique features bitcoin has become a real instrument for investment, saving and even earning more money. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. How does Bitcoin work?.
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and enables a user to send and receive bitcoins. Behind the scenes, the Bitcoin network is sharing a massive public ledger called the "block chain". This ledger contains every transaction ever processed which enables a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses therefore allowing all users to have full control over sending bitcoins

Bitcoin and even all cryptocurrency transactions are restricted in my country. However, I think that as more countries accept, my national government may change their thinking.

Some countries do indeed prohibit Bitcoin, but only to prohibit the sale and purchase transactions are used directly. But many countries that allow the Bitcoin because the country also benefited by the presence of Bitcoin and they receive the proceeds from the tax to the State.

Bitcoin are being used and popularized all over the world but there are some countries doesn't want to accept this kind of system just because they are not capable in using this because the risk of security and their government will not control this system because it works independently and it maybe the reason of problem in paying taxes and new instrument to do illegal transaction but somr of our countries accept this because they are believing in bitcoin and seeing the advantages and benefits that we can get.

There are some countries considered bitcoin as legal for their economy growth and some countries bans it. Haven't you heard those cashless society where they use bitcoin as their primary currency. But it is kinda risky because we know that bitcoin's value are unpredictable so you doesn't know when will goes up or down.

Bitcoin legitimate do not see anything wrong with it, the state is allowed to regulate, it's a pity whether it is unlikely to get a full track of criminals.
I hope all countries legalize it

Actually, bitcoin should not be illegal since it was not a drugs or anything that can be make it as illegal, there are a lot of people who are being helped by cryptocurrency for their life to improve even more, so bitcoins should be legalized on every country.

Since officially cryptocurrencies are not forbidden worldwide, bitcoin remains to be legal. But in some countries you can face troubles, yet some governments implement crypto currencies regulations.

Yea bitcoin is legal but this may depend on what or how you will gain your bitcoin if it from trading it is legal or investment but if you got it from deep web or sorts that will br very illegal