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Topic: Is owning bitcoin a crime? - page 16. (Read 2048 times)

member
Activity: 532
Merit: 15
April 06, 2018, 04:20:22 AM
why would that be a crime? is owning money a crime? if not, owning bitcoin is not a crime.
sr. member
Activity: 630
Merit: 251
April 06, 2018, 04:15:14 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

in some countries like China it could be indeed considered as crime. However in wide majority of states it's not the problem at all, while in some countries it perfectly legal
Bitcoin is just a currency which is helping people in becoming rich and financially stable over the passage of time. Bitcoin is simply entertaining and helping those who are really interested in changing their lifestyles. The thing is that bitcoin is the one which is helping everyone without any sort of discrimination. So I think it is really a shame for them who have declared bitcoin illegal.
hero member
Activity: 3052
Merit: 606
April 05, 2018, 06:40:00 PM
Owning bitcoin crime or not ?
Like the people say " It is depend who behind the gun " . it's mean you can use the gun for your protection or for crime , so with bitcoin .
Exactly.Bitcoin they say is illegal but for me it's legal.I am earning bitcoin for the preparation of my bright future and so it is intended to be use for the goodness of my life.It doesn't cross my mind using bitcoin to commit crimes or any illegal means,rather bitcoin for me is well kept for the progress of my family's life.
full member
Activity: 952
Merit: 104
April 05, 2018, 06:39:32 PM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

yeah there's no possible use bitcoin by the criminals for their illegal activities using dark web, but i would like to explain well those giving negative effect for crypto currency, put in your mind how about no digital currency criminal will stop their illegal activities i think not because there is always have an idea;s and plan how to operate the syndicated transactions.
newbie
Activity: 133
Merit: 0
April 05, 2018, 06:38:04 PM
owning bitcoin is never a crime and it can never a crime since its not an illegal deal. though we have countries with their policies but since bitcoin is not an harmful object or weapon but an online means of exchange of goods and services. which can be use for trading or shopping. Therefore owing or investing into bitcoin is not a crime but a choice.
member
Activity: 284
Merit: 10
April 05, 2018, 06:24:35 PM
Owning bitcoin crime or not ?
Like the people say " It is depend who behind the gun " . it's mean you can use the gun for your protection or for crime , so with bitcoin .
full member
Activity: 896
Merit: 108
April 05, 2018, 10:40:13 AM
Owning bitcoin isn't crime because it is just a digital money. On the other hand bitcoin can be use for commit a crime. You can buy whatever you want totally anonymously. No one can trace from where bitcoin come and that this is your money. For now mostly countries allow to having bitcoin.
It depends on the laws applicable in a country. Each country has a different policy towards cryptocurrency. Make sure you fully understand the laws of your country, before deciding to invest with bitcoin.
newbie
Activity: 218
Merit: 0
April 05, 2018, 10:33:20 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

No, bitcoin is a currency and not a firearm, the use of bitcoin is for ease and security in transactions, as well as a favorable investment option. And having bitcoin is not a crime.
newbie
Activity: 182
Merit: 0
April 05, 2018, 10:22:48 AM
Owning it is not a crime. Doing something bad to own it is immoral and it is probable a thing that will make bitcoin a crime.
hero member
Activity: 756
Merit: 500
April 05, 2018, 10:19:42 AM
The question is where do you live? It might be a crime to possess Bitcoin depending on your location. If Bitcoin is regarded as illegal by the government of your country, then it is a crime to possess and you will also be punished if you’re caught. But for where I’m living, having Bitcoin is not regarded as any crime and people who use it can even talk about it in public. There are even open stores where you can go in to exchange your Bitcoins or any other cryptocurrency for cash.
newbie
Activity: 203
Merit: 0
April 04, 2018, 10:04:44 AM

There is nothing criminalabout owning BTC, its free for anyone willing to own, its however banned in some countries and considered illegal, in such cases, one can move to countries where its legalized to avoid clashing with the law
copper member
Activity: 4
Merit: 0
April 04, 2018, 09:58:15 AM
No, Owning bitcoin isn't a crime but it also depends on your Country Regulations.
Although, Even if you own bitcoins, no one can/will know about it.
full member
Activity: 462
Merit: 100
April 04, 2018, 09:56:35 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/


I believe not, it has never been a crime. We all know that having a bitcoin is also having a big ooportunity and responsibility and holding it isn't a crime but it's actually a blessing. It becomes a crime if we use it in negative and illegal way. It is different from possesing an illegal weapon.
newbie
Activity: 210
Merit: 0
April 04, 2018, 09:55:55 AM
I think having bitcoin is not a crime, for example if you have what property it is also called a crime? certainly not but will be called a crime if you use to fund illegal activities such as terrorism or drug transactions.
having bitcoin is a good thing for being a wealth asset
member
Activity: 280
Merit: 10
April 04, 2018, 09:54:14 AM
I think generally it's not a crime, it's not like drugs wherein caught
possessing one simply implies the premise of an illegal activity.
This is another example of misconception with bitcoins, Bitcoin may
be used by criminals or illegal transactions but that doesn't entirely
place it the same shoes as criminals. I think it's a loophole that
authorities are looking into, that's why I believe regulation is an
inevitable possibility with cryptocurrency.

If you have bitcoin and use it daily to send and receive bitcoin or make a trade I think it's not a crime at all, so use bitcoin wisely. Because having bitcoin is not a crime, the crime is if you use bitcoin to deceive people or use bitcoin to corrupt, and something else that uses bitcoin for criminal activity
full member
Activity: 645
Merit: 145
April 04, 2018, 09:47:36 AM
Owning bitcoin isn't crime because it is just a digital money. On the other hand bitcoin can be use for commit a crime. You can buy whatever you want totally anonymously. No one can trace from where bitcoin come and that this is your money. For now mostly countries allow to having bitcoin.
member
Activity: 434
Merit: 38
April 04, 2018, 09:45:33 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/


In almost all countries in the world owning bitcoin it's not a crime. Obviously, it's not considered a legal tender but possession is not prohibited by law.
legendary
Activity: 1344
Merit: 1251
April 04, 2018, 09:41:04 AM
Hi,

This may be true in some countries... With very specific regulations...

But as far as I know, owning bitcoin cannot be illegal. Just because you can digitally own almost everything. Bitcoin is a currency, and laws about currencies are quite open, allowing any community to create its own currency.

So definitely, no, owning bitcoin cannot be a crime.

However, some government may wish to regulate the earnings you make through bitcoin. And for that, they may try to make some platforms illegal or unreachable from a defined country (so useless) or may ask national banks to refuse transfer to cryptos. This won't prevent people from using bitcoin but it wil make such use harder.

The aim, in the end, is to avoid people making most of their eanrings through cryptos and paying no tax. For the moment, though, the number of people concerned is so low... I guess this is not a priority regulation!
newbie
Activity: 112
Merit: 0
April 04, 2018, 09:36:52 AM
I don't believe that owning bitcoin is a crime but somehow in other country that there government do not allow bitcoin it will become a crime.I think it depends on a person on how do they used their bitcoin but for some people want to earn money that's why they will invest to bitcoin.
hero member
Activity: 994
Merit: 544
April 04, 2018, 09:35:47 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

Possessing bitcoin is not a crime except if the certain country that you are in have banned the use of bitcoin in your area with corresponding penalty. But without those actions by the government you cannot be considered a criminal except if you use bitcoin in illicit ways which is against the law. As long as you use your bitcoin within the bounds of the law then you are not a criminal.
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