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Topic: Is owning bitcoin a crime? - page 17. (Read 1986 times)

full member
Activity: 378
Merit: 114
April 04, 2018, 10:32:01 AM
The correct answer for this is different from county to county....some people accept it and for other it's a serious crine and lead to even jail...like we heard from the Bangladesh government.....there are many more county you see buying Bitcoin as a offend....as in India....not just policies are working...it's fine here
full member
Activity: 378
Merit: 111
April 04, 2018, 10:23:04 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/
In my own personal opinion, holding a bitcoin is not like holding a gun because if it does there are no any countries starting to make bitcoin legal and many people would be afraid. Bitcoin is a good influence to everyone so we cannot relate bitcoin in any bad activities because it is all rumors that bitcoin is just a scam or a crime.
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
April 04, 2018, 10:17:07 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

No, and why would it be. If holding bitcoin would be a crime then holding money would also be a crime since, bitcoin functions as a money as a money also. Their only difference is just bitcoin runs through technology while money runs physically.
full member
Activity: 221
Merit: 100
April 04, 2018, 10:12:29 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

i don't think so. earning bitcoin is better than doing a crime to have money. it helps us on our everyday life and most of the country already accept bitcoin so we can't say that it is a crime. there is no bad on earning money to support ourselves and our family. maybe it is just on some country who declared bitcoin as illegal.
newbie
Activity: 266
Merit: 0
April 04, 2018, 10:02:49 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/


Owning of Bitcoin is not a crime, I hope you guys you contented the answer and any suggestion for those who attract your question here, and I know that all thread they are making here your question is an extra ordinary than the other question because people know that since from the start Bitcoin will helpful and useful actually until it will become almost 9 years in history how did you get your positive question? as far as you know.
newbie
Activity: 154
Merit: 0
April 04, 2018, 09:42:47 AM
It could be regulated or unregulated but not illegal so far anywhere in the world unless the question comes to use it for mode of payment. Another aspect is paying tax on earnings either it's regulated or not.

Definitely Yes! Legal or illegal is bitcoin it doesn't mean the holding it is a crime. No as of now. It is not a crime to hold bitcoin. Government has formed a committee recently and is waiting for their report. Further, action will be taken post studying the report.

But please do remember that income tax authorities may ask the source of income which is used to buy the bitcoins. Otherwise, it is perfectly not illegal to hold bitcoins.
member
Activity: 344
Merit: 11
April 04, 2018, 09:28:55 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/
This is a ridiculous thing in this life. We buy and hold bitcoin to make more profit. Bitcoin investment is just like entering the stock market. If the stock is accepted then I think bitcoin should also be accepted
newbie
Activity: 280
Merit: 0
April 04, 2018, 09:24:47 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
jr. member
Activity: 210
Merit: 1
April 04, 2018, 09:22:44 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.
full member
Activity: 336
Merit: 101
April 04, 2018, 03:52:25 AM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

Holding or owning bitcoin is not a crime but if your country has declared it illegal and does not support bitcoins, then it can be a trouble for you if they detect you posses bitcoins. Although you can save bitcoin on wallets and exchanges, yet you need to be careful not  to convert them to fiat in a illegally declared bitcoin country.
It really depends on country to country. Like some Asian countries, they have banned bitcoins at any cost. They never let any citizen to use bitcoins because they are totally decentralized and there would be no tax paying on any transaction you made from them. Hence governments are taking it as a crime and whosoever will be found guilty, will be harmed and sentenced as per law.
member
Activity: 308
Merit: 11
April 03, 2018, 04:05:02 PM
The question in which country. Not all accept BTC. This is the problem. Self-possession is not a crime. The question is, what do you forget about BTC is bought?
newbie
Activity: 28
Merit: 0
April 03, 2018, 03:59:15 PM
no its not.. why should it be a crime?.
newbie
Activity: 126
Merit: 0
April 03, 2018, 03:55:10 PM
As a bitcoin user I just use technology, make use of available technology. As long as it does not break the rules and is not used for negative things, I think having bitcoin is not a crime
newbie
Activity: 210
Merit: 0
April 03, 2018, 03:49:15 PM
I don't see any crime in owning bitcoin unless you stole it.
newbie
Activity: 129
Merit: 0
April 03, 2018, 03:46:29 PM
Having Bicoin is not a crime because having Bitcoin is the same as having money, bitcoin does no harm to anyone, if bitcoin is used for trade and investment in a legitimate place, but there are some countries that prohibit using bitcoin as a medium of exchange and do not forbid trading.
jr. member
Activity: 294
Merit: 1
April 03, 2018, 03:26:40 PM
nope. in my land is bitcoin holding not a crime and it does not look like it will ever happen.
full member
Activity: 1022
Merit: 100
$CYBERCASH METAVERSE
April 03, 2018, 03:25:15 PM
this is how government thinks in my country. but bitcoin is not weapon that it could harm anyone. but in government sesnse they think bitcoin is illegal as its rule is not allow tax and many crime is happening by btc. but bitcoin is legal in manycountry. so I dnt think it is a crime.
newbie
Activity: 78
Merit: 0
April 03, 2018, 03:21:07 PM
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/
Owning bitcoin is a crime. Are you kidding? Governments in many countries now recognise the legitimacy of bitcoin and accept it. If you think criminals are using bitcoin for a crime, it's illegal to think that bitcoin is illegal. If criminals use legal money to commit crimes, is it illegal and the answer is no.
member
Activity: 308
Merit: 10
April 03, 2018, 03:18:22 PM
Is owning United Stated Dollar a crime? I don't see owning bitcoin as being a crime. I see it as a cryptocurrency like any other currencies
full member
Activity: 826
Merit: 104
April 03, 2018, 03:02:34 PM
i dont think its crime bcz bitcoin is something that is fully a technology.
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