It can violate local lawa, depending on how much u wish to buy or sell. everyone should do a little research of state laws and money regulations. Maybe u just need some paper work to be done and everything would be alright.
but i think it is so clear if a country has not yet regulate a currency and not yet consider a currency as legal then i think no need to study the law for that, it must be illegal to sell or even to buy that currency in local market. 
Topic: Is Selling Bitcoins on LocalBitcoins.com Legal? - page 3. (Read 21388 times)
I think that is legal as long as still following the rules..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
Exactly, and I think its legal to sell or buy bitcoins on localbitcoins.com as I am using since last 1 year, and I didn't face any issue with it, so at a moment its legal lets see whether it becomes illegal in future or not
It can violate local lawa, depending on how much u wish to buy or sell. everyone should do a little research of state laws and money regulations. Maybe u just need some paper work to be done and everything would be alright.
but i think it is so clear if a country has not yet regulate a currency and not yet consider a currency as legal then i think no need to study the law for that, it must be illegal to sell or even to buy that currency in local market.
i cannot see any rules about bitcoin either to sell on special exchange and neither they banned bitcoin to be sell on specific exchange to it is looking legal to me.
It can violate local lawa, depending on how much u wish to buy or sell. everyone should do a little research of state laws and money regulations. Maybe u just need some paper work to be done and everything would be alright.
I think that is legal as long as still following the rules..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
LOL)) Following the rules in this case is will be snth like getting the MSB license. But if you are selling let's say 1 bitcoin you've mined and you are doing this one time - I don't think this will be offence. But why not just use coinbase or something like that? Extra $5 you'll maybe earn is not worth the possible trouble
If someone were to sell bitcoins on localbitcoins.com in exchange for paypal my cash cards, which were then deposited into paypal. Is that legal as long as any taxable gains received in the transaction are paid? If the amount is under $500 per day and $4000 per month would there be any requirement to know the customer or comply with anti-money laundering laws?
as far as i remember its legal aslong as you dont sell above $1000 a year in the U.S. if you sell more than that its considered money laundering.Thats like 2.5BTC/yr... Nothing...
If someone were to sell bitcoins on localbitcoins.com in exchange for paypal my cash cards, which were then deposited into paypal. Is that legal as long as any taxable gains received in the transaction are paid? If the amount is under $500 per day and $4000 per month would there be any requirement to know the customer or comply with anti-money laundering laws?
as far as i remember its legal aslong as you dont sell above $1000 a year in the U.S. if you sell more than that its considered money laundering. 
Its depending on your location.
Generally selling bitcoins is legal, but you mostly have to pay taxes.
Generally selling bitcoins is legal, but you mostly have to pay taxes.
I think that is legal as long as still following the rules..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
Exactly, and I think its legal to sell or buy bitcoins on localbitcoins.com as I am using since last 1 year, and I didn't face any issue with it, so at a moment its legal lets see whether it becomes illegal in future or not
I think that is legal as long as still following the rules..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
I think something is legal as long as we doesnt get caught...for example i stole your money its legal until i got caught and its illegal...this is just my opinion..
i think that selling in this site bitcoins are not legal .
What I love about this question is how it highlights the fact we don't have freedoms. Oh, helping with money laundering they'll argue. Right... because police actually can't find the real crime
Meanwhile, the USD remains the currency of criminals
Meanwhile, the USD remains the currency of criminals
Never trust an answer on an Internet forum on this issue.
Ask an actual lawyer familiar with your local, state, and federal law.
Seriously.
Ask an actual lawyer familiar with your local, state, and federal law.
Seriously.
If you live in the USA its legal,
However, some people buy Bitcoins to launder illegally made cash.
yes it is legal ! Because bitcoin exchange is legal all over the world so its legal for everyone in world However, some people buy Bitcoins to launder illegally made cash.
Hence it is one of the digital currency of the world
I believe over a certain amount you need to get a license, I may be wrong anyone correct me if I am wrong. So if you are doing over a certain amount of money and don't have a license then it would be illegal, even if you did not know about it.
I think it is legal if it is actually used to exchange bitcoin, if of course it is illegal, but first you have to know the background and the origins of the exchange, I think so
there is still no official mention of rules on the legality
of the law of bitcoin
I have to disagree with this statement. There are regulations that were put in place by the IRS that determines which classification you are classified under, depending on the nature of what you are doing for business. There is a lot of red tape around this subject and you are best in finding out for yourself by reading than you are asking us. We can give you only so much information before you need to research into this information. of the law of bitcoin
in some case you need to carry a licence, or if you're in the usa, you would definitely end like Burtw, who was arrested for this
but for other country the jurisdiction should be different, i guess if you're from the usa and worry about this, why don't you travel abroad and meet a stranger in another nation for the deal?
but for other country the jurisdiction should be different, i guess if you're from the usa and worry about this, why don't you travel abroad and meet a stranger in another nation for the deal?
what you said is correct , i dont know much about usa, ya but it is true that the legal issues are different in different country, as such in india still bitcoin is in dark, so if anyone is dealing in bitcoin buying and selling and earning profit then i think he has to show as profit from short term gain.
untill bitcoin gets fully recognised its position in all country it is difficult to tell the legality of trading
Thousands of people do it every day so I guess it's gotta be legal enough for most of them. What happened with localbitcoins in Germany?
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