Local Laws about Crypto - page 2. | Bitcointalksearch.org

gantez

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Quote from: shamzblueworld on November 04, 2017, 10:00:35 AM

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?

Briefly, you could either get that information from a lawyer as you rightly asked or you visit the financial books of your country, either through the constitution, any financial status or tax legislation.

Theb

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Laws even not related to cryptocurrencies are made available for everyone. Laws are simply your basic rules, regulations, and rights when you are living in that country, not showing you your laws or even some of it will simply mean that your own government is depriving you with your own rights. I won't be touching a lot with the subject matter but laws are made available even in the web. Such as my country all Supreme Court cases (Old and New ones), Our own Constitution, Republic Acts, and Executive Orders, and even Legal Memorandums are made available for us in the internet, it is just one search away in Google. Now I can't help you with any particulars as I don't know where you live or what site is your government using to store your laws and other legal regulations but try DYOR it will really help you a lot.

hacekd

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Quote from: shamzblueworld on November 04, 2017, 10:00:35 AM

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

every country has different rules about crypto control because they make their own policies to regulate it not because of perfunctory but because there is a purpose can be from start to profit or keep their assets.

jaocoincrypto18

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Quote from: shamzblueworld on November 04, 2017, 10:00:35 AM

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

Bitcoin is a currency and investment issue therefore if their is no local news in your country then this mean Bitcoin is not yet popular in your place but as a currency you could go to your Central Banks regarding their stand on Bitcoin and as investments you could visit your commercial institution if they already authorize any local exchanges but if both are none then sad to say that you cannot sell your Bitcoin in your country.

Kemarit

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Quote from: Bitknick on July 16, 2018, 06:18:46 AM

In my country, there is not yet a question of regulating crypto-currency, there are as yet no questions!

Where do you live if I may ask? Bitcoin and crypto has been hugging the limelight this year so I'm sure that it's been on the radar of your government, so expect that your government will make their own stance (in favor or not).

Quote from: Jr. on July 18, 2018, 05:00:45 PM

To get the latest update you can relay on the internet to get some details but it is okay to consult your law offices regarding this matter but so far just watch TV since they are broadcasting things like this.

I'm sure that you can get all the information on the web, but the questions is that are they updated? Again, crypto has been in the news as of late so there's a lot of discussions behind government agencies that we are not all aware of. As for consulting law offices, there are only a few who understands it (whether as commodity or assets or money), so there's a lot of leg room to learn about the laws applicable to crypto.

Jr.

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To get the latest update you can relay on the internet to get some details but it is okay to consult your law offices regarding this matter but so far just watch TV since they are broadcasting things like this.

Bitknick

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In my country, there is not yet a question of regulating crypto-currency, there are as yet no questions!

MCVXYZ

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Quote from: shamzblueworld on November 04, 2017, 10:00:35 AM

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

A normative act acquires legal effect once posted on your country’s official legislative website.So this means that developed countries have their official legislative websites.there you can find a special law wich has legal effect. this site offers comprehensive database of all normative acts having legal effect and i think it would be helpful.Where do you live? i will try to help you.First of all you need to search for this official website.You don't need lawyer consultation for this,you can call in information center to understand the adress of this site,wich is different in different states/countries.after this you will easily find out norms about cryptoworld.

jungwong

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Depends in which country you’re in. In some countries the law states, that physical currency is always valid way of payment. However the law might also allow to pick whenever or not you want them as customers. Let’s say you don’t want them as customer after seeing they won’t to pay you in cash can be totally legal, depends on what country you live in.

Lancusters

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Quote from: Taki on November 22, 2017, 09:35:09 AM

I am from Russia and as I see on news the final step about crypto currencies regulation is going to be done on the 1st February of 2018. Till then I can do with my coins whatever I want. I suppose when the time for necessary laws about crypto currencies regulation will come it is going to be on all news here and Google will give me all the necessary links from the law when I will need some detailed information. I your country it is going to be something alike. Good luck!

Are you sure that 1 Feb you will not get a complete ban on the use of bitcoin? Information coming from Russia on this subject is very controversial. Now in Russia the government is trying to take full control over the use of the Internet. Even companies that provide VPN services are required to provide information about users. I think you will have problems next year.

Taki

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I am from Russia and as I see on news the final step about crypto currencies regulation is going to be done on the 1st February of 2018. Till then I can do with my coins whatever I want. I suppose when the time for necessary laws about crypto currencies regulation will come it is going to be on all news here and Google will give me all the necessary links from the law when I will need some detailed information. I your country it is going to be something alike. Good luck!

bambazamba

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Quote from: shamzblueworld on November 04, 2017, 10:00:35 AM

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

In most of the countries there are no local laws regulating crypto currency because most of them don't know about it much and have least influence on their economy . There are many wallets supporting the particular countries where the bitcoin can be sold directly and money goes into your bank . I think you should do your research for that . If your country does not regulate bitcoin then there might be some way out to get your money.

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As far as I know, in Russia Bitcoin is illegal now, and you can get punishments.. even jail time .. depending on amounts..

tj4dmx

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Bitcoin should remain a free market. But how about imposters and hackers and fake ico?

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Quote from: onefifth on November 04, 2017, 10:04:31 AM

there is no regulatiton also in my country... if someone sell BTC, can deposit directly to bank account...

but central bank do some research on BTC and ALTs... so i think they r gonna make some regulations

Same with my country, has no regulation
Central Bank warned crypto busines about cyber crime and all the risk

They didn't plan to make a regulation about that
it makes some of people in my country get worry...

I'm Husnan, from Indonesia.

Oh i see. so i guess not all countries are interested in bitcoin. But i guess their will come a time that they at least set some regulations because right now the main issue for that is its anonymity and their is a chance that the money would be used in illegal ways. And from what i see, advanced countries are the ones who are really making profit from bitcoin. At least the government it self has some facilities to support crypto in their country.

partysumo

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In case of large amounts, I would consult a lawyer for sure. A lot of money coming out of thin air may be suspicious and you wouldn't want unnecessary attention. If there are no certain laws/regulations, definitely consult a professional.

regan101

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Quote from: shamzblueworld on November 04, 2017, 10:00:35 AM

How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too?
In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.

At this early age of crypto currency, the government has no intervention yet as to where to get involve in the business. The transaction of crypto currency will just grow by itself without the knowledge of the government.

Lm2e4

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I think even some lawyer (those ordinary) doesn't know about any local news regarding bitcoin, maybe those who works in main government office (big time lawyers) can answer your question. But that's quite hard because I'm sure they have NO breaks, they are always busy. But you can still try!
And most online resources are not accurate nowadays so be careful, but it will still depend in your country. In my country there are to many scam sites, news, so I don't know what am I going to believe in. Huh

genolica

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it'll be recognized, soon. but i fear that there is a possibility of tax implementation, as it can be abused by local governments

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Quote from: franco123 on November 05, 2017, 03:44:25 AM

In my country, Philippines, Bitcoin is just still on development. There are still a lot of my fellow citizens that are not familiar with Bitcoin. But the government did make a statement about it. They said that they are happy with the Bitcion activities as it helps in the growth of the economy of the country.

This means that the government is planning to have full support on Bitcoin. And so, it will go with the flow of the increase of demand of Bitcoins in my country. It will also contribute on encouraging people to join Bitcoin.

Yeah, Im happy that bitcoin will receive full support in our country. Our government is open-minded about cryptos. But I just hope that our government wont have any plans about putting tax in bitcoin transactions. You know, BIR is expert in doing this. Grin

Topic: Local Laws about Crypto - page 2. (Read 1347 times)