It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
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. 
Topic: Is it illegal for me to sell my Bitcoins? - page 6. (Read 26915 times)
It varies country to 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?
Does this mean it is illegal for me to sell my Bitcoins?
It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
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. It is true that we are the owners of our bitcoin and we have full right that we use our bitcoin, sell our bitcoins or hold our bitcoin. and the case that in some countries there is a ban on bitcoin and its usage, the people still can use bitcoin with freedom as bitcoin is an anonymous currency and no one know that who is holding bitcoin and who is using bitcoin.
Yup you are right we have a full control of our bitcoins. But i think lot of countries ban bitcoin because of the illegal activities regarding bitcoin like in Deep weeb lot of people buying things and paying it through bitcoin because it is safe and fast. Thats why some countries ban bitcoin.
but in so many countries there is no definition of bitcoin in their law or jurisdiction. but still government is not accepting bitcoin, in such condition what should we do. because the government has no statement about bitcoin and still no one is ready to accept it.
What do you mean by "no one is ready to accept it"? Does this mean you cannot find any way to sell or trade your Bitcoins? Try https://localbitcoins.com/ and see if you can find someone near you that will buy them from you. There's only one answer to this question.
It depends on the laws in your local jurisdiction. You should check your local laws first.
There are always regional differences in laws. Example: You can legally smoke cannabis in Colorado but you can't smoke it in a public place legally.
It depends on the laws in your local jurisdiction. You should check your local laws first.
There are always regional differences in laws. Example: You can legally smoke cannabis in Colorado but you can't smoke it in a public place legally.
Best answer. Agree, just check your local jurisdiction.
There's only one answer to this question.
It depends on the laws in your local jurisdiction. You should check your local laws first.
There are always regional differences in laws. Example: You can legally smoke cannabis in Colorado but you can't smoke it in a public place legally.
It depends on the laws in your local jurisdiction. You should check your local laws first.
There are always regional differences in laws. Example: You can legally smoke cannabis in Colorado but you can't smoke it in a public place legally.
Best answer. Agree, just check your local jurisdiction.
It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
yes there is no doubt about this that a person has full control on his bitcoin either he want to sell it or buy it or doing any thing else with it, but it is also a fact there you have to obey rules and regulation of a country where you are living, so if a country has banned bitcoin it is not legal to buy or sell bitcoin in that stat and still you are selling or buying bitcoin there then it is really illegal and you are are doing an illegal activity according to the rules of the state. 
It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
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. It is true that we are the owners of our bitcoin and we have full right that we use our bitcoin, sell our bitcoins or hold our bitcoin. and the case that in some countries there is a ban on bitcoin and its usage, the people still can use bitcoin with freedom as bitcoin is an anonymous currency and no one know that who is holding bitcoin and who is using bitcoin.
It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
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. It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
You are so naive.
It is legal for any person who sell his/her bitcoins, they have full right and full control on their bitcoins and they can do what they want with their bitcoins, by the way the better choice will be that do not sell bitcoins and use your money in the shape of bitcoin, so that we make it a successful currency.
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.
But please, make sure to pay your taxes (if your country requires it, most do). It seems like the taxation is the vector a government is most likely to harass a bitcoin user with, along with regulation (you don't have a license).
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.
That's a hard question, most countries don't care. Although Estonia has banned bitcoin use. Australia has also issued a statement that they will not regulate it's use.
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.
Selling Bitcoins is not illegal But in some Countries the Government Banned Bitcoin because Government Thinks that Bitcoin is Not a Safe currency. So According to me, If Bitcoin is banned in your country So don't sell it.....
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?
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.
Bitcoins are not banned in the US. They are considered a commodity for tax purposes. However:
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?In my country in Europe they dont really care if I will sell or buy bitcoins from someone.They dont care about anything whatbxou do with your bitcoins in your whole life which is good thimg in my country.
yes and so other countries have the same situation they have not restriction on bitcoin but i think the reason is that still the bitcoin user are not more in number which have any effect on the state economy therefore govt is not taking any step against bitcoin.
In my country in Europe they dont really care if I will sell or buy bitcoins from someone.They dont care about anything whatbxou do with your bitcoins in your whole life which is good thimg in my country.
Try to sell them on exchange and try to withdraw that amount with your bank account with that you will pay all the taxes and also the bank will collect the sources of income from you and so after that you will be free to withdraw any amount you want.
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