Is Bitcoin legal worldwide? - page 4.

Deathgamer

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Quote from: bkris on October 18, 2017, 02:48:49 AM

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

This internet currency which is Bitcoin is not legal worldwide and we are hoping that those country that say no to bitcoin will realize the importance of bitcoin.The countries that say no to bitcoin are countries like Iceland,Vietnam,Bolivia,Kyrgyzstan,Ecuador,Russia and China but we really hope that all the country will make bitcoin legal because
Report to moderator it is really a good help to us financially.
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spinach98

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Quote from: bkris on October 18, 2017, 02:48:49 AM

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

Bitcoin is not legal worldwide but we are hoping that those country that say no to bitcoin will realize its importance.There are countries that say no to bitcoin like
-Iceland
-Vietnam
-Bolivia
-Kyrgyzstan
-Ecuador
-Russia
-China.
Some people say its bad but we find it really helpful because here we can earn and its really a good help to us.

cavaBcoin

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Bitcoin now is not legal worldwide, some countries still is banned bitcoin like Taiwan, china but in my country bitcoin is legal

waniowski

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Poland is free of restriction so far
yet with the present government we have nothing is certain..

JaredStein

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Bitcoin is legal wherever people have it. No one can do anything to stop peers from transacting on a global network that doesn't require anyone's permission to join.

btcmayumana

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Bitcoins still developing in widely promotes. Discussing about legal or not. Its back to how government accepting other alternative digital currency to implementation in their people finance.
But yes some countries been banned bitcoins affect worried about its progress rapid.

im posible

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as long as i know, bitcoin has not been legalized in many countries. Just as Indonesia still has not legalized bitcoin as a legitimate currency, from Bank Indonesia issued its official statement as follows: "People are encouraged to be cautious about Bitcoin and other virtual currencies All risks associated with the ownership / use of Bitcoin are borne solely. by Bitcoun and the virtual owner / currency user, "Peter wrote in a press release released on Thursday (6/2/2014). But in Bali there are already restaurants and hotels that accept payments using bitcoin.

gmf1000

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Quote from: bkris on October 18, 2017, 02:48:49 AM

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

Most country doesn't have any regulation for BTC... So it is possible to use BTC for transaction and investment nowadays..

Quote from: IAMHardCoin299 on October 19, 2017, 08:09:31 AM

Some country not legal bitcoin , like china.
If china create some ICO , its will ilegal.
Because the goverment make a statement Bitcoin is ilegal on their country.
But in my country , bitcoin its neutral , because the goverment not create a statement about legality of bitcoin , maybe on the future my country will make bitcoin as legal payment

Yup, but some like China, had regulation that banned ICO in their country ~

IAMHardCoin299

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Some country not legal bitcoin , like china.
If china create some ICO , its will ilegal.
Because the goverment make a statement Bitcoin is ilegal on their country.
But in my country , bitcoin its neutral , because the goverment not create a statement about legality of bitcoin , maybe on the future my country will make bitcoin as legal payment

Seansky

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Quote from: bkris on October 19, 2017, 05:09:06 AM

Thank you, everyone, for your valuable opinions. So, in summary, i think it will be legal worldwide one day. There will be a day on which entire world will do the transaction using a single currency.

It is certain that bitcoin would be legal worldwide someday but it being used as a currency by all is just a pipe dream. Using cryptocurrency as a main currency all over the world is very unlikely to happen since it is hard to replace fiat completely. The governments all over the world will need to exert a lot of effort in order for citizens to use btc itself as main currency. Also, they would need to provide every citizens with electronic devices in order to use crypto currency, and doing this would be hard.

bkris

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Thank you, everyone, for your valuable opinions. So, in summary, i think it will be legal worldwide one day. There will be a day on which entire world will do the transaction using a single currency.

BTCHakan

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It is not legal or legal in my country. Bitcoin is not yet regulated, there is no place in legislation.

deadthings

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Quote from: bkris on October 18, 2017, 02:48:49 AM

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

And yes, and no, it's new and not every state/ country has time to deal with writing the law, but there are also places where payment can involve breaking the law.

Cryp2

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This issue is relatevely different from country to other , so you can't judge the legality of bitcoin through the entire world but from state to state

MadCryptoKnight

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China, unfortunately, banned Bitcoin. Many other countries haven't passed any real legislation about Bitcoin or any other cryptocurrency. As its popularity grows I foresee more regulations for cryptocurrency and coins like Ripple, whose business model is to work with the establishment, will help the crypto market gain worldwide support and acceptance.

waqarkahloon

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It is completly legal in some countries while illegal in others. Countries with good economy and advance technology infrastructure are accepting bitcoin as a new digital currency like Japan but other small backward countries with poor and bad infrastructure of advance technology are fearful to legalize it as they know nothing how it works

Tyrantt

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Need some spare btc for a new PC

it is legal in pretty much the whole world, there are a few countries that are having trouble but you can use it mostly anywhere. Altho you'd be using it online mostly so no need to worry about anything.

Dralarn

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Bitcoin isn't nearly legal as it should be, unfortunately. And the landscape is ever changing, one day it's legal somewhere and the other day it's illegal. The technology is still so new, that there aren't any laws that prevent or allow it, this has to evolve throughout the years and it might take some time. The first countries that will legalize Bitcoin and see the benefits that it provides, will hopefully be a good example for other countries to follow them, because it's a shame really. The blockchain provides such a fantastic way to do so many things much more effect, efficient and transparent that it would be a shame if we didn't implement it. It's a gift given to us by someone who had a spark of genius and has now spread throughout the globe. People will start using it more and more, and we'll see more countries putting laws and slowly, but steady legalizing Bitcoin in one way or another.

annango

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the majority countries Bitcoin is legal but any countries is banned bitcoin: Vietnam, Taiwan, Korea

quovadiz

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Quote from: pflmagic on October 18, 2017, 05:41:20 AM

Quote from: bkris on October 18, 2017, 02:48:49 AM

I am very new to this and would like to know more about bitcoin. My very first concern is this internet currency bitcoin is legally approved worldwide?

Well the thing is - there's a lot of places its not NOT legal. Meaning there are a lot of places that don't have the framework to handle crypto-currencies due to the freshness of the industry and its impact.

As much as most countries will have (eventually) a policy regarding bitcoin and crypto-currencies, I highly doubt there will be a wide consensus of a direct ban.... Governments will be (and have already been) using their power to construct local frameworks on the taxing and trading of coins.

Yes you are right I am agree with that there are some countries where bitcoin is illegal and they banned bitcoin there while some countries like JAPAN, USA, CANADA these countries give more importance to bitcoin when they allowed bitcoin and that’s why I also impressed and now I am investing in bitcoin happily and safely.

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