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Topic: Is it legal to earn and hold bitcoin ? - page 9. (Read 5913 times)

hero member
Activity: 966
Merit: 507
July 02, 2016, 12:17:38 PM
#46
It is true that some countries have banned or restricted the use of bitcoin, but fortunately the internet technology does not know frontiers and there is no way to prevent us from use bitcoins my friend, and this is precisely one of the most important advantages of cryptocurrencies, so continue using bitcoins and forget your concerns on this matter.
newbie
Activity: 14
Merit: 0
July 02, 2016, 12:15:19 PM
#45
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

1. Never ask strangers from the internet for legal advice.
2. No, it's probably not legal, but without knowing which country you're from, it's hard to tell.
3. You'll probably be fine unless you run around in I <3 BTC T-shirts, and stopping people in the street to sell them your bitcoins.
4. Feel free to ignore (2) & (3), because (1) Smiley
hero member
Activity: 518
Merit: 500
July 02, 2016, 12:12:06 PM
#44
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
i believe in some country bitcoin is illegal,or maybe banned,or maybe cannot used as payment,but its will not make us stop or make bitcoin can't develop in this world,i believe some years enough for bitcoin to more popular.
hero member
Activity: 2968
Merit: 913
July 02, 2016, 12:07:58 PM
#43
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

Want suggestions?Never provide ID verification when you are trading or to verify your wallet.

I`m not sure that this will keep you safe,but nobody is 100% safe.

The sad true is that btc isn`t 100% anonymous...
full member
Activity: 210
Merit: 100
July 02, 2016, 12:01:20 PM
#42
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
What country is that? For me. My suggestion you don't need to surrender your bitcoin. Because you can get and earn with bitcoin so.? That is very hard for me to surrender my bitcoin if that is my situation. Don't leave that bitcoin. Because no one knows that you used a bitcoin. Do not say anything that you used a Bitcoin their country. Keep secret what you are. Be anonymous. 😉 Because Bitcoin is the best earning a real money.
hero member
Activity: 770
Merit: 500
Bazinga!
July 02, 2016, 11:14:56 AM
#41
I can not say if the bitcoin is legal to earn or to hold.. but i heard that many people are using bitcoin for illegal activities..
But for me its legal to use but don't use in illegal activity such as buy weapon and drugs online using bitcoin..


if you want to use bitcoin for something illegal then it doesn't matter what laws say about bitcoin itself because even if using bitcoin is legal, you are doing something illegal becaus the act is so.
legendary
Activity: 3374
Merit: 1824
July 02, 2016, 11:14:38 AM
#40
Very interesting question.
In my country, Croatia, I asked it several people and researched on many different places.
Final answer is: yes.
Basically, Bitcoin is not recognized as legal currency or financial asset in my country.
It's only when I decide to exchange Bitcoin to ''hard'' money as USD and withdraw to my bank account that I have to report it to my tax office as ''second income'' from abroad (and pay tax on this income, of course).

 
hero member
Activity: 1316
Merit: 622
Maintain Social Distance, Stay safe.
July 02, 2016, 11:12:32 AM
#39
I can not say if the bitcoin is legal to earn or to hold.. but i heard that many people are using bitcoin for illegal activities..
But for me its legal to use but don't use in illegal activity such as buy weapon and drugs online using bitcoin..
hero member
Activity: 756
Merit: 501
July 02, 2016, 11:06:34 AM
#38
Its wizard bitcoin being something illegal with soo many projects supporting it as casinos, porn websites, faucets,  exchange, hosting providers. I believe bitcoin has presence at almost all kind of online market. If it weren't allowed those projects wouldnt be running, the countries may not have a position around bitcoin.
Before bitcoin there are several projects that are  illegal, hyip and others Ponzi ways but they keep running and some of them using bitcoin now.
sr. member
Activity: 406
Merit: 250
www.cryptocompare.com
July 02, 2016, 11:03:49 AM
#37
Government in my country has no rules for regulating bitcoins yet. Until and unless you convert bitcoins into fiat, nobody cares what you are doing with them. Though use of bitcoin is criticized by it.
the same for me, i dont worry too much about bitcoins in my country because i know that i will not have any trouble with laws, thats really great as there are no risks at all

it is legal to earn and then hold your bitcoins in nearly every country, if country doesnt have any laws on bitcoin then i would definitely not worry about it in my opinion as everything is going to be fine

yep, same here! yay portugal, no legal framework. ppl in the USA have to pay taxes on it, right?
legendary
Activity: 1008
Merit: 1010
CryptoTalk.Org - Get Paid for every Post!
July 02, 2016, 10:57:18 AM
#36
Government in my country has no rules for regulating bitcoins yet. Until and unless you convert bitcoins into fiat, nobody cares what you are doing with them. Though use of bitcoin is criticized by it.
the same for me, i dont worry too much about bitcoins in my country because i know that i will not have any trouble with laws, thats really great as there are no risks at all

it is legal to earn and then hold your bitcoins in nearly every country, if country doesnt have any laws on bitcoin then i would definitely not worry about it in my opinion as everything is going to be fine
legendary
Activity: 910
Merit: 1000
July 02, 2016, 10:55:40 AM
#35
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
If you like bitcoin and your country ban it, you can try buy bitcoin using another payment method are like skrill, paypal, okpay and another payment method. And you can buy it on this forum and becareful with scamer.
legendary
Activity: 1218
Merit: 1000
July 02, 2016, 10:53:22 AM
#34
I think it will be legalized as long as you do not use them for illicit trafficking or making illegal transactions. if in your country there are no regulations that make bitcoin become illegal, then it is perfectly legal
full member
Activity: 182
Merit: 100
July 02, 2016, 10:47:53 AM
#33
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
Your right. There's no rule neither legal nor illegal of holding of bitcoin. I think bitcoin doesn't care wether you hold your coins or not, it is your own decision anyway.
full member
Activity: 210
Merit: 100
July 02, 2016, 10:34:16 AM
#32
bitcoin is not illegal , but your country is banned using bitcoin , but you can keep it on wallet , may be few years it may become legal also in your country , as the economy is growing differently there will be some changes. if you are getting bitcoin easily keep storing it.
sr. member
Activity: 406
Merit: 250
July 02, 2016, 10:29:02 AM
#31
As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !
I do not understand. basically holding bitcoin is a natural thing, and mean holding bitcoin is legal. there is no rule to say do the holding is illegal.
well of course it is a natural thing, it is not illegal to hold your bitcoins because i think a lot of people are doing it and they dont face any trouble because of that

i think it is illegal in only a few countries that are actually banning the bitcoins in order to avoid people using it because as people use bitcoins less fees are taken and so on
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
July 02, 2016, 10:23:50 AM
#30
You just said It's Illegal how holding them will be legal  Huh

I personally wouldn't care much If it was illegal , I would keep using it. (doesn't mean you should do the same though)
Also what country is that ? Russia is the only one who banned  Bitcoin for real I guess ?
Yeah i am from Nepal and the central authority of our country has stated any trade works or any businesses held using bitcoin will be strictly punished
Sad so i am little afraid of holding my coins too ! that's all.. 

wow i didn't know bitcoin was announced illegal in your place, sorry to here that it really sucks.

and to answer your question, earning bitcoin through jobs (even small jobs like signature campaigns) may be categorized under a business conducted with bitcoin and fall under the same rules so you have to be careful and do it as anonymously as you can.
full member
Activity: 210
Merit: 100
July 02, 2016, 10:22:23 AM
#29
Government in my country has no rules for regulating bitcoins yet. Until and unless you convert bitcoins into fiat, nobody cares what you are doing with them. Though use of bitcoin is criticized by it.
legendary
Activity: 1512
Merit: 1009
July 02, 2016, 10:18:17 AM
#28
Yeah i am from Nepal and the central authority of our country has stated any trade works or any businesses held using bitcoin will be strictly punished
Sad so i am little afraid of holding my coins too ! that's all.. 

As far as I understand you can use Bitcoin in Nepal, as long as it's not for payments within businesses in Nepal. But there aren't good sources on this matter. Someone here claims it is illegal, but provides no source.

So, if here were illegal, i would still have my bitcoins... they can't find my bitcoins.

Don't be so sure of that.
sr. member
Activity: 350
Merit: 250
July 02, 2016, 10:05:58 AM
#27
here in my country(brazil) it's ok to have bitcoin but they will eat all of them with taxes... so, i'll never put them on my income tax.
it's a personal decision and i dont encourage others to do the same, i just dont agree with my country's taxes.

So, if here were illegal, i would still have my bitcoins... they can't find my bitcoins.
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