Maybe check any law in your country about selling bitcoin. Maybe you can break a rule by doing that. So i suggest make a quick research. Some countries are not allowed the people to sell their bitcoin especially those countries banned the bitcoin. Here in my country, its allowed anyone who own bitcoins to sell their bitcoins. They are free to do whatever they want to do on their btc as long as it isnt spend for crimes anf other illegal activities.
but still most of the countries have no statement about bitcoin, and same is the case in my country, we therefore using bitcoin freely, because there is no law and regulation about bitcoin in our country, i have heard about some countries that they have consider bitcoin as illegal there i think trading bitcoin buying or selling are even using it is illegal in that country. 
Topic: Is it illegal for me to sell my Bitcoins? - page 5. (Read 26896 times)
My theory as to why this thread is so full of shit:
All of the following people are sock puppets for the same person who is building up accounts for sale.
All of the following people are sock puppets for the same person who is building up accounts for sale.
can you mention any place where people pay taxes on bitcoin. i think still there is not a single country who have imposed tax on bitcoin. it is still tax free and the reason is that still not a sing le country legalize bitcoin.
if some state declare it clearly that buy and selling of bitcoin is illegal then certainly it must be illegal for the poople of those countries. and those countries who have no statement about bitcoin or those who has consider the buying and selling of bitcoin legal then it is not illegal. then it is legal there.
It all depends on the country those people are, and the laws operating there. I think they have a bitcoin-ban there, because ordinarily bitcoin is a commodity and you shouldn't need a license to sell goods unless you are dealing with illegal goods. E.g do I need a license to sell books? It depend on the laws of the land.
if it is consider as illegal in your country then it is illegal for you but if your country has yet not given any statement about this then it is legal for you.
if you are living in such a country where bitcoin is banned. then if you are holding or selling your bitcoin then it is illegal. but if your country has yet not given any statement about bitcoin then it is legal. and you can use or can sell it very easily. without any restriction.
may be some countries have imposed such kind of law in their country that if one want to trade in bitcoin or do transaction or using bitcoin for any other reason he has to make a license for it as we normally do so for other things, but may be such kind of law is applicable in some countries and not every where because we have no such kind of restriction and we are using bitcoin with out any licence or any thing else.
yes there is no doubt about this that the bitcoin you are holding is your property, but you are living in a state and you have to obey the rules and regulation of that that, and if you are not doing so its mean that you are busy in an illegal activities, and you will charge for that, therefore if a stage has consider bitcoin as illegal then all activities related to bitcoin will also be consider as illegal, therefore buying and selling of bitcoin is illegal in that state.
Haven't heard that someone got arrested because of selling bitcoins. But i do heard that some countries are forbidding people to use Bitcoin, maybe in that country if they traced you or caught you doing transaction with Bitcoin then you'll get arrested. As long as i know when you are using bitcoin you are anonymous and that is the reason why i use bitcoin to avoid tax also.
True,it depends on what country do you live in because some countries banned Bitcoin of such reason but most countries doesn't have any care at all regarding to Bitcoin in fact some countries already adopted Bitcoin by having merchants which accept btc as a payment. In my own view, Bitcoin doesn't have a harmful effect for it should be treated by others as an illegal coin.
yes it is totally depending on the policy of the state, if a state has consider bitcoin as legal currency then you can buy or sell your bitcoin but your state has consider bitcoin as illegal currency and they are not allowing people using bitcoin then it is illegal for you to buy or sell your bitcoin, i think still most of the countries have not yet consider bitcoin as legal currency but still people there using bitcoin illegally.
to me most of the state has yet not given any statement about bitcoin, either it is legal or illegal in their state so in such condition what will be the position of bitcoin, it will be legal or illegal there? in my country as there is no notification about bitcoin from the government side that either it is legal or illegal, but still i am using Allied Bank for withdrawal of my money from my wallet but first i change it in to USD.
i think there are so many other activities which are illegal in our country for example gambling is totally illegal in our state but still people play gamblin g illegal, i think its just for information purposes to know that either buying or selling of bitcoin is legal or illegal in country.
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?
where on earth you are on?I think there are fefw countries that consider bitcoin illegal but you can always use vpn etc to buy or sell your coinDoes this mean it is illegal for me to sell my Bitcoins?
If you earning from selling and buying bitcoins, I mean earning million of dollars. And if you spent that money to show how rich you are, then government will come to ask you did you paid tax for all that? If your answer is no, then you are in serious problem. Just remember even Al Capone was arrested cause of that and he was in prison cause he didn't pay taxes! Be careful, USA is strong cause USA watch for here money very carefully.
It is upto which country you are staying, because each and every country have their own law for bitcoins, in my country still bitcoin is not legal or illegal, so we dont give any information. or we say it as short term profit.
to me most of the state has yet not given any statement about bitcoin, either it is legal or illegal in their state so in such condition what will be the position of bitcoin, it will be legal or illegal there? in my country as there is no notification about bitcoin from the government side that either it is legal or illegal, but still i am using Allied Bank for withdrawal of my money from my wallet but first i change it in to USD. It is upto which country you are staying, because each and every country have their own law for bitcoins, in my country still bitcoin is not legal or illegal, so we dont give any information. or we say it as short term profit.
yes it is totally depending on the policy of the state, if a state has consider bitcoin as legal currency then you can buy or sell your bitcoin but your state has consider bitcoin as illegal currency and they are not allowing people using bitcoin then it is illegal for you to buy or sell your bitcoin, i think still most of the countries have not yet consider bitcoin as legal currency but still people there using bitcoin illegally. 
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?
where on earth you are on?I think there are fefw countries that consider bitcoin illegal but you can always use vpn etc to buy or sell your coinDoes this mean it is illegal for me to sell my Bitcoins?
Wow, can you not just look one post above yours?
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?
where on earth you are on?I think there are fefw countries that consider bitcoin illegal but you can always use vpn etc to buy or sell your coin Does this mean it is illegal for me to sell my Bitcoins?
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?
Does this mean it is illegal for me to sell my Bitcoins?
Haven't heard that someone got arrested because of selling bitcoins. But i do heard that some countries are forbidding people to use Bitcoin, maybe in that country if they traced you or caught you doing transaction with Bitcoin then you'll get arrested. As long as i know when you are using bitcoin you are anonymous and that is the reason why i use bitcoin to avoid tax also.
You two need to look earlier in this thread at the posts of BurtW.
So they don't have to bother actually reading the thread:
I was arrested for selling my Bitcoins using localbitcoins.com
I paid all of my capital gains taxes on all of my trading - that was not the issue. The legal issue boiled down to one question: was I operating a business or not. They claimed it was a business, I claimed it was not. After being forced to "donate" about $40,000 in cash and $40,000 in Bitcoin to their Federal Asset Forfeiture slush fund we agreed to disagree and they dropped the charges. Defending me against the federal felony charge [Operating a business without a license, up to five years in prison and a $250,000 fine] did end up costing us almost $300,000 of our retirement funds, our daughter's college fund, our savings, and the equity in our house.
You can read all about it here:
http://www.jmwagner.com/
http://www.burtw.com/
However, if you sell your Bitcoins though an exchange you will not run into this specific issue since there is really no way they can call it a business, go after you, and then grab all the assets they can get their money grubbing hands on.
I paid all of my capital gains taxes on all of my trading - that was not the issue. The legal issue boiled down to one question: was I operating a business or not. They claimed it was a business, I claimed it was not. After being forced to "donate" about $40,000 in cash and $40,000 in Bitcoin to their Federal Asset Forfeiture slush fund we agreed to disagree and they dropped the charges. Defending me against the federal felony charge [Operating a business without a license, up to five years in prison and a $250,000 fine] did end up costing us almost $300,000 of our retirement funds, our daughter's college fund, our savings, and the equity in our house.
You can read all about it here:
http://www.jmwagner.com/
http://www.burtw.com/
However, if you sell your Bitcoins though an exchange you will not run into this specific issue since there is really no way they can call it a business, go after you, and then grab all the assets they can get their money grubbing hands on.
If you use localbitcoins to buy and sell a small amount of bitcoin, that is not a business.
Since my case was dismissed before it went to trial this was not decided. Whether this it is a business or not currently can only be decided by a jury.It is not a money transmitter.
Also not true. You would have to argue this point with motions before a judge and then possibly a jury. This would have been an argument in my case but again the motions were never filed and the case did not go to a jury. But you have declare that you do not deal with drug dealers.
And this would help you how? Sure, if someone says "I am a drug dealer" or "I am an undercover cop pretending to be a drug dealer" or "I am an undercover Homeland Security agent" then you should not trade with them. But all of these guys will lie to your face. Then what?The bitcoin you sell should not be used illegally.
In my case the only legal issue was whether it was a business or not. If you use your Bitcoins to do something illegal, for example to buy a controlled substance with them, that would be a whole different case. Anyway, how would you go about enforcing how the Bitcoins bought from you on localbitcoins eventually get used?
It is upto which country you are staying, because each and every country have their own law for bitcoins, in my country still bitcoin is not legal or illegal, so we dont give any information. or we say it as short term profit.
True,it depends on what country do you live in because some countries banned Bitcoin of such reason but most countries doesn't have any care at all regarding to Bitcoin in fact some countries already adopted Bitcoin by having merchants which accept btc as a payment. In my own view, Bitcoin doesn't have a harmful effect for it should be treated by others as an illegal coin.
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?
Does this mean it is illegal for me to sell my Bitcoins?
Haven't heard that someone got arrested because of selling bitcoins. But i do heard that some countries are forbidding people to use Bitcoin, maybe in that country if they traced you or caught you doing transaction with Bitcoin then you'll get arrested. As long as i know when you are using bitcoin you are anonymous and that is the reason why i use bitcoin to avoid tax also.
You two need to look earlier in this thread at the posts of BurtW.
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?
Does this mean it is illegal for me to sell my Bitcoins?
Haven't heard that someone got arrested because of selling bitcoins. But i do heard that some countries are forbidding people to use Bitcoin, maybe in that country if they traced you or caught you doing transaction with Bitcoin then you'll get arrested. As long as i know when you are using bitcoin you are anonymous and that is the reason why i use bitcoin to avoid tax also.
It is upto which country you are staying, because each and every country have their own law for bitcoins, in my country still bitcoin is not legal or illegal, so we dont give any information. or we say it as short term profit.
Maybe check any law in your country about selling bitcoin. Maybe you can break a rule by doing that. So i suggest make a quick research. Some countries are not allowed the people to sell their bitcoin especially those countries banned the bitcoin. Here in my country, its allowed anyone who own bitcoins to sell their bitcoins. They are free to do whatever they want to do on their btc as long as it isnt spend for crimes anf other illegal activities.
Here in my country its not illegal to sell bitcoins maybe in other country there is restricted
And you will be arrested if you sell bitcoin in your country.
And you will be arrested if you sell bitcoin in your country.
if you are in united stats its too risky otherwsie you can sell it normaly
It's legal to sell Bitcoins in the United States. There are legally setup Bitcoin exchanges like Coinbase, that allow legally exchanging and linking of US bank accounts to buy/sell/trade Bitcoins.
Certain countries do have restrictions like Bangladesh bans people from transaction in Bitcoins and has arrested a couple of people for doing so. The Bangladesh central bank has defined 'Bitcoin' trading as a 'Punishable offense'.
if you are in united stats its too risky otherwsie you can sell it normaly
No if nobody from your govrement dont know that you know that they it is leggal beacuse nobody cant punish you but if your country can easy find your transaction then it is not good to sell.
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?
Does this mean it is illegal for me to sell my Bitcoins?
Never heard and unaware of that issue before. Maybe it is because he made a huge transaction. Because usually if we deposit or better say withdraw a huge amount of money from a bank we could be subjected to investigation. Or maybe it is beyond the limit amount.
It is always safe and legal to sell our bitcoins, cause that it was made for. To invest, to trade, to buy, and to sell like the normal fiat money.
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