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Topic: Is it illegal for me to sell my Bitcoins? (Read 26896 times)

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
December 02, 2016, 03:23:59 PM
All you signature spammers sure post a lot but never say anything or contribute in any way to the threads.

At least read the fucking thread before you post.

Idiots like you are ruining this forum.

BAN ALL SIGNATURE CAMPAIGNS !!!!!

I second that motion. It has been moved and seconded, all those in favor say, "aye".

They ayes have it. The motion carries. Henceforth, all individuals posting with a signature campaign benefiting them monetarily will be summarily shot in the face with a BB gun until dead.

Meeting adjourned.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
December 02, 2016, 02:31:29 PM
All you signature spammers sure post a lot but never say anything or contribute in any way to the threads.

At least read the fucking thread before you post.

Idiots like you are ruining this forum.

BAN ALL SIGNATURE CAMPAIGNS !!!!!
legendary
Activity: 1218
Merit: 1000
December 02, 2016, 03:58:55 AM
Legal or illegal it all depends on the policies of their respective governments. If the government refused and strictly prohibits using bitcoin I think it will get to be jail sentences if violated. But if the government accepts it will not be a problem and you can freely use bitcoin. Every country has different regulations.
sr. member
Activity: 399
Merit: 250
December 02, 2016, 01:55:20 AM
I really do not see it to be illegal to sell my Bitcoins if i want for as long as it accepted in my country so wen i get paid i can when sell when i want to or buy when i chose to.
hero member
Activity: 1134
Merit: 517
November 27, 2016, 10:16:40 PM
I heard that some people have been arrested and charged with "transmitting money without a license" for selling Bitcoins.

Does this mean it is illegal for me to sell my Bitcoins?

Those are companies that are engaged in buying and selling of coins and you would know the authorities are very much interested in knowing  who bought what and who sold what, especially the high volume ones. The spends with high volumes draws much attention from the authorities because they would want to establish and ascertain source of fund. Anti money laundry policies are not really targeted at cryptocurrencies, but on any valuable asset out there.

hero member
Activity: 2352
Merit: 905
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November 27, 2016, 03:49:07 PM
It's not illegal since you aren't making wrong actions. What you said is another situation, for that actions you will be arrested but if you received bitcoins in legal ways than you are free but if you received it illegally, than use mixers at least for more safety.
Also many things depends on country, for selling bitcoin no one will arrest you but there are some countries whom don't like bitcoin
hero member
Activity: 700
Merit: 500
Massive price drop coming...
November 27, 2016, 03:26:36 PM
I believe this depends on a country. If btc is generally illegal in your country then yes. If it is out of the law then I guess it isn't. If it is legal then probably you need some kind of a licence to do such things. You can check it here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country. And yet I think it is crazy if that's true people get arrested selling btc without a licence. Come on! Does it really always has to be about taxes and stuff?
I never heard that someone are arrested just to sell bitcoin.. maybe i they are selling a large amount of bitcoin because if they exchange a large amount of bitcoin they can get a large amount of money that there is no proof where he get it.. unless if he is mining bitcoin..
Here in my country i think bitcoin is legal since there is a building for bitcoin the main company that we are using their service online we are using their wallet and many other service that we can use our bitcoin like paying bills shop online they already some merchant partner and i think more adoption will come here in my country..
So i think it is impossible that bitcoin will be illegal we know that bitcoin are uses in some illegal activities in dark web but it is just like the same as fiat it can be also happen so it is normal that there is deals like drugs weapons and paying for bitcoin.. because of anonymous benefits of bitcoin..
But it is not the case because it is also happening in other currency..
legendary
Activity: 3248
Merit: 1402
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November 27, 2016, 03:01:10 PM
I believe this depends on a country. If btc is generally illegal in your country then yes. If it is out of the law then I guess it isn't. If it is legal then probably you need some kind of a licence to do such things. You can check it here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country. And yet I think it is crazy if that's true people get arrested selling btc without a licence. Come on! Does it really always has to be about taxes and stuff?
sr. member
Activity: 714
Merit: 250
November 26, 2016, 06:58:18 AM
Maybe you should see your place whether governments accept bitcoin, prohibit, or letting. If the government where you accept bitcoin it would be legal because there are already laws that allow it, if the government where you let that might not be a problem because there is no law that prohibits the use bitcoin, but if the government where you prohibit it has included illegal to sell bitcoin as obvious law forbade.
full member
Activity: 190
Merit: 100
November 21, 2016, 02:23:20 AM
Oh no,i never heard some thing like that and even you are making me feel scary because i regularily sell bitcoins,but seriously i dont think its illegal and anybody can be arrested for that.If that was illegal then how the bitcoin exchanges are running,government will ban them firstly if that was illegal.
yes selling bitcoin is not yet illegal anywhere, as not a single country has consider bitcoin as illegal currency therefore it is legal to buy or sell bitcoin. it will become illegal if a state or country consider bitcoin as illegal.
of course, bitcoin is not illegal. bitcoin same with other currency so if you buy or sell bitcoin is not illegal. bitcoin is a currency like a dollar, euro and any other. when bitcoin illegal true your said, illegal when your country consider bitcoin is illegal, and using bitcoin to illegal activties.
hero member
Activity: 532
Merit: 500
November 01, 2016, 01:45:27 AM
Oh no,i never heard some thing like that and even you are making me feel scary because i regularily sell bitcoins,but seriously i dont think its illegal and anybody can be arrested for that.If that was illegal then how the bitcoin exchanges are running,government will ban them firstly if that was illegal.
yes selling bitcoin is not yet illegal anywhere, as not a single country has consider bitcoin as illegal currency therefore it is legal to buy or sell bitcoin. it will become illegal if a state or country consider bitcoin as illegal.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
October 22, 2016, 06:12:36 PM
Oh no,i never heard some thing like that and even you are making me feel scary because i regularily sell bitcoins,

If you regularly sell bitcoins on localbitcoins.com you should take the time to read this entire thread:

https://bitcointalksearch.org/topic/burtw-arrested-update-charges-dropped-934268

http://www.jmwagner.com/

http://www.burtw.com/
sr. member
Activity: 350
Merit: 250
October 22, 2016, 12:36:19 PM
Oh no,i never heard some thing like that and even you are making me feel scary because i regularily sell bitcoins,but seriously i dont think its illegal and anybody can be arrested for that.If that was illegal then how the bitcoin exchanges are running,government will ban them firstly if that was illegal.
legendary
Activity: 1120
Merit: 1037
฿ → ∞
October 22, 2016, 12:33:49 PM
Now:

In 2014, Burton Wagner was arrested without any crime being committed. His house ransacked and family torn apart in fear while he was dragged off to jail while government militia members stole all his money. They refused to release him from prison without his agreement that they could keep a large block of his money. That sounds a hell of a lot like government taxation without representation to me.

That's why I brought up the communist CZ of the 70ies. I can remember my parents telling me about the life situation. The status of "property". Like they simply could not be sure, some official would show up the other day and confiscate the car or anything else.

https://www.youtube.com/watch?v=3kEpZWGgJks

sounds like 1:1 - and I mean that without any exaggeration. None needed.


Rico
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
October 22, 2016, 10:00:28 AM
Purely hypothetical scenario that would never happen to someone like you or me:
1 )
...
9 )

Sounds a little bit worse than communist Czech Republic of the 70ies, where my parents had the decency to flee from - together with their child. Of course the Czech Republic had also better medical care in the 70ies than Colorado has today, but that's just as an aside.

Rico


Murricans teach their children about how oppressive the British soldiers were during the fight for independence in 1770's. Taxation without representation was a rallying cry for the starving colonists.

The murrica of today is ten times more oppressive to its people than the brits were in the 1770's and unauthorized/unwelcome taxes are commonplace.

Example one:

Then:  

The Boston Massacre, known as the Incident on King Street by the British, happened on March 5, 1770, in which British Army soldiers killed five male civilians and injured six others.

Now:

The Kent State massacre occurred at Kent State University in Kent, Ohio, in the United States and involved the shooting of unarmed college students by the Ohio National Guard on Monday, May 4, 1970. The guardsmen fired 67 rounds over a period of 13 seconds, killing four students and wounding nine others, one of whom suffered permanent paralysis.

Example two:

Then:

No Taxation Without Representation" is a slogan originating during the 1750s and 1760s that summarized a primary grievance of the American colonists in the Thirteen Colonies, which was one of the major causes of the American Revolution. In short, many in those colonies believed that, as they were not directly represented in the distant British Parliament, any laws it passed affecting the colonists (such as the Sugar Act and the Stamp Act) were illegal under the Bill of Rights 1689, and were a denial of their rights as Englishmen.

Now:

In 2014, Burton Wagner was arrested without any crime being committed. His house ransacked and family torn apart in fear while he was dragged off to jail while government militia members stole all his money. They refused to release him from prison without his agreement that they could keep a large block of his money. That sounds a hell of a lot like government taxation without representation to me.
legendary
Activity: 1120
Merit: 1037
฿ → ∞
October 22, 2016, 08:45:14 AM
Purely hypothetical scenario that would never happen to someone like you or me:
1 )
...
9 )

Sounds a little bit worse than communist Czech Republic of the 70ies, where my parents had the decency to flee from - together with their child. Of course the Czech Republic had also better medical care in the 70ies than Colorado has today, but that's just as an aside.

Rico
member
Activity: 84
Merit: 10
October 22, 2016, 06:58:46 AM
The use or Bitcoin is legal in most jurisdictions of the world. Unless you end up using it for some totally illegal purpose, you won't be in trouble. Just make sure to mention it when filing a yearly tax return.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
October 22, 2016, 12:17:23 AM
if you live in my country, it is certainly illegal to buy or sell bitcoin. The government does not accept bitcoin in any purposes including buying, selling, trading, etc. That mean if they figure out you are selling bitcoin, you will be arrested according to the laws. So be careful when you try to do any activities with bitcoin here.
Whats Your place can share it with us where do you leave honestly here in my country still done give some announcement about bitcoin can be illegal here. and i think bitcoin is legal here because there is company locally here that you found near to us that we can exchagne our bitcoin into fiat in their website.. Such a good company for me for few months of use i am satisfied with their service and time i can buy or sell bitcoins in their website.. or i can deal to someone near to me but honestly bitcoin is not so popular and few users of bitcoin in my place that i still didnt saw them
Hm. Perhaps he lives in South East Asia or some countries in Africa. Those places does not like bitcoin at all. They believe that bitcoin may cause several damage to the government including economy corruption, country's Fiat system. It is hard to buy or sell bitcoin here and trust me, you do not want to be born here
sr. member
Activity: 281
Merit: 250
October 21, 2016, 11:54:17 PM
In fact the use of bitcoin is banned in some countries but I think selling bitcoin excluding illegal action because there is no legal binding that if you sell or buy a bitcoin will be in prison.
can you mention the names of the countries where bitcoin is banned? and if their users are using it they put them in prison? and the second is that do you know about any one happening when any government arrest a person for using bitcoin illegally? for me i think i never hear any official announcement that any country have banned the use of bitcoin. and never seen any person who has been charge by the government for using bitcoin.
full member
Activity: 196
Merit: 100
October 20, 2016, 04:16:03 PM
You could do anything you want, the government didn't patent the source code for Bitcoin.
yes that is a fact that as most of the states yet given no statement about bitcoin therefore they are not interested in bitcoin users either to stop them from using it or let them continue using bitcoins.
but i think know governments have starting some serious thinking about bitcoin and hope that very soon we are going to hear that our state has consider bitcoin as a legal currency.
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