Is owning bitcoin a crime? - page 3.

lelylely

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Quote from: threesome333 on March 30, 2018, 02:38:07 AM

Possesses bitcoin as well as holding a gun Huh

http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

Having bitcoin is not a crime, bitcoin is a crypto currency that can be used for online transactions, and it's like having fiat currency in real life. Bitcoin is not a weapon to kill people, but bitcoin is a crypto currency that has many benefits, whether bitcoin is seen as a crime, I think not.

Virtual miner

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Quote from: Wendigo on March 30, 2018, 02:59:21 AM

Is owning money a crime? Because money facilitates the trading of such illegal things, too. If/when Bitcoin is regulated in your country of residence and you are obligated by law to declare any possession of Bitcoin but you haven't done so, then owning Bitcoin might be illegal.

Exactly if the government of the country of your domicile permits you to transact in bitcoin and other crypto coins, then who says it is a crime. And generally for the countries where the position of the bitcoin is not clear regarding its legality and other considerable factors, holding and transacting in bitcoin is not a crime unless a direct ban has been imposed by the government of your country, which I think rarely any country has done. There are many ongoing issues regarding bitcoin going on in various countries, but still the members of the bitcoin community continue to use bitcoin and hold it as an investment. But yes if you are specifically talking about the criminal activities that are being carried on by the use of the bitcoin, then you are a criminal. But in fact these criminal acts can also be carried on by the use of fiat...so that's not a big deal!

Tusher1234

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No.Owning bitcoin is not crime.

baho11

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Having or owning a bitcoin is a pleasure its not a crime . Committing a crime like murder , having an illegal gun , committing violation from the rules .

Rarahumaira

newbie

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I do not think if anyone uses bitcoin to commit a crime i'm sure you are not a criminal. Think of the bitcoin as money. And we can see a lot of people use the money to build an illegal building. Are you a criminal too? certainly not.

ericmalik

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well, having bitcoin is not a crime because it does not harm humans also it generates income for the unemployed and finally bitcoin is useful for everyone to get more capital.

HiringYou

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Owning a bitcoin is not a crime if we are not using it for wrong purpose.Owing it can only be crime if bitcoin profit is used as illegal money.If it is not governed by government or and central authority that does not mean that it is crime to use bitcoin.If used for good purpose with positive attitude without creating any problem for an indivisual or goverment then you cannot consider bitcoin as crime.It depends how an indivual deal with bitcoin.But if your government had banned the use of bitcoin in your country and you are still using it then definately it is a crime.

redhorsebeer1980

newbie

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It is not a crime owning a bitcoin so I think bitcoin cannot be used as illegal money.This is the new method of payment so I think bitcoin has not been used as illegal.Holding bitcoins is not illegal.It depends on the person holding the bitcoin.

tyas pur

newbie

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Does having Bitcoin is a form of crime?
I do not think so.
Bitcoin is similar to paper money, but Bitcoin is digital (not visible) whereas paper currency is tangible.
If Bitcoin is acquired in such a bad way as doing Hack, cheating, it is a crime.
But if you get Bitcoin by following the Program Bounty, Airdrops, Investment, Trading I think it is not a crime.

dominional

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Not at all, bitcoin is not a crime is internet legal and is following due process not doing it the way they want but following due process. It is not a crime. It is a process not a crime stall.

mikki14

full member

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Nope. Not unless it is banned by your government and is punishable by law, then it would be illegal. But eventhough it was not supported by your government as long as it is not banned in your country, then there's nothing to worry about.

_yoshi

full member

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Why should it be a crime to own bitcoin or any other cryptocurrency? They are just a few countrys and gouverments who banned bitcoin and cryptocurrencies. The most law are not safe what bitcoin is and how to handle. But i think when you pay the right tax for it, you should be on the save side. If you dont pay the tax for it, there will be some ilegal action where your goucerment could atone for. So dont try to tax evasion, or you will pay a much higher price.

Yakapo

newbie

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No its not a criminal offence to own bitcoin as long as you are having it an a Bitcoin Friendly country.There are countries tha have illegalized Bitcoins due to their personal reasons, other than These countries, one is free to own BTC

pekavcilar01

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Why investing is a crime? Everyone who is against Bitcoin is in a relationship of interest.
Cheap and fast money transfer is an important point for all humanity. Banks and governments are trying to ban bitcoin for their own benefit.
That's why they show Bitcoin as a crime. There are people who illegally use Bitcoin. Such people are making a bad perception.

linshuhow

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I don't understand how holding it is a crime?

djadmika

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Bitcoin is a decentralized digital currency which is fast (we can do transaction within seconds only), cheap (low fees transaction or even free) and secure (no risks on losing like on fiat money). As far as I know owning bitcoin is not illegal as long as we use it for right purpose although there are some debates in some countries about using and trading digital money. In Indonesia (My beloved country) owning bitcoin or other digital assets is not a crime, but we are not allowed to use it for transaction. That’s means all transaction/payment must use our fiat money.

Arwinkim

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Quote from: threesome333 on March 30, 2018, 02:38:07 AM

Possesses bitcoin as well as holding a gun Huh

http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

Normally, owning bitcoin and alt coin is totally harmless. Why this should be illegal? I think this could be only considered a crime if you were involved in money laundering and hid your asset in Bitcoin. Another different story, law in your country does not allow everyone to own it because the government are afraid of it to be misused.

nicko122

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Quote from: threesome333 on March 30, 2018, 02:38:07 AM

Possesses bitcoin as well as holding a gun Huh

http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

It's pretty strange, because, as far as I know, the attitude towards weapons in Canada is loyal. Not Texas of course ...

How can you compare weapons and crypto-currencies ??

tungaqhd

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Quote from: threesome333 on March 30, 2018, 02:38:07 AM

Possesses bitcoin as well as holding a gun Huh

http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

I don't think that holding bitcoin is a crime, it is just a digital coin, you can not use it to kill or harm anyone.
They think that because they don't like bitcoin.

jchav010101

newbie

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The government has tried many times to destroy bitcoin, but the maximum they have achieved is the price drop for several months.It depends on the country if they accused bitcoin user as a criminal but for me if you are a bitcoin user probably it is not a crime as long as you are working legally on it.

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