Topic: Local Laws about Crypto (Read 1347 times)
News from CryptoVenezuela - Venezuela will present its state-backed cryptocurrency Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) in 2019!
I think going to ask a lawyer is the best thing to do if it is available. But if not, mr. Google is always open to be consulted with, the news are instantly being shared through this channel. If in your country you haven’t heard of any news, it’s maybe your not watching enough on the specific news agency who covers about government policy. In my country there is a chance for you to ask questions to an attorney on the spot that is live on a tv shows.
In our country the status of Bitcoin is very clear, the government does not allow Bitcoin to become a medium of exchange or any means of payment, so the government through the Ministry of Finance expressed their attitude through television channels and other mass media, so traders know very well about this, I don't knowing whether in other countries the government is open about their attitude towards bitcoin, but I think the government must announce their attitude through their financial service institutions.
Here is some of last news from Cointelegraph: "Thailand’s securities regulator will clear “at least one” Initial Coin Offering (ICO) “portal” to operate legally in November, local daily news outlet Bangkok Post reported Nov. 8."
If you come on an exchanger and see that it is cooperate with the bank where you have your account then you logically can to transfer fiat there after you sell your bitcoin, coz you do not transfer bitcoin to your account, but fiat (dollars/euros). So there is no complication with this point.
The other case is to find out about the relationships between the government and crypto in your country. The simplest way to Google this point directly and to ask a lawyer if you will not find replies to your questions on the net.
The other case is to find out about the relationships between the government and crypto in your country. The simplest way to Google this point directly and to ask a lawyer if you will not find replies to your questions on the net.
You can also use google to find if your country prohibit the use of cryptocurrency. There are lists of countries that have been published or posted by some well known online media recently. There are also countries like mine that allows the use of cryptocurrencies in any transactions even it is not legalized yet. China is reportedly opening up on the use of cryptocurrencies after one of its local court ruled in favor of bitcoin so there is a big chance that your country might also allow the use of virtual coins in the future.
My country too, does not prohibit the use of bitcoin but there is no official legality and regulation made for crypto. in some countries it has provided regulations and even taxes. I don't know what the benefits are then, is it possible then we are getting easier at spending, when there are laws on bitcoin? 
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.
You can find this on your own, if there is no final statement or laws in your place regarding on cryptocurrency then I think there is no problem buying and selling cryptocurrency. Try also to ask the local banks if they are accepting this kind of transactions, but as far as I know sending cryptos directly in your bank account is still not exist or maybe in a few places. 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.
Regulations are still not happening in some places, just like here in my country which we can freely use cryptocurrency without having any problem with the laws, but transacting directly with the banks is only possible using our local wallet. For sure in the future, many laws will be made around the world, so each government can regulate this market and collect some taxes to increased their income.
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.
You can find this on your own, if there is no final statement or laws in your place regarding on cryptocurrency then I think there is no problem buying and selling cryptocurrency. Try also to ask the local banks if they are accepting this kind of transactions, but as far as I know sending cryptos directly in your bank account is still not exist or maybe in a few places. 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.
Regulations are still not happening in some places, just like here in my country which we can freely use cryptocurrency without having any problem with the laws, but transacting directly with the banks is only possible using our local wallet. For sure in the future, many laws will be made around the world, so each government can regulate this market and collect some taxes to increased their income.
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.
Crypto currency in our country is very clear that the government prohibits crypto from being used to make payments, so in our country do not expect that there will be trade in goods paid for using crypto, but our country still recognizes crypto as an asset, and I think every country has laws about eyes crypto money, and things like this are usually a lot of news in the mass media. 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.
My government still decide to against crypto because btc still consider as criminal money and it's cause inflation so I'm using crypto with my own risk.
Let say if I get scam when I decide to invest crypto, there is no law that control it so police can't help me because there is no regulation for crypto.
The story is different if you're in Netherland or Japan where there is a law that control crypto for their need !
Let say if I get scam when I decide to invest crypto, there is no law that control it so police can't help me because there is no regulation for crypto.
The story is different if you're in Netherland or Japan where there is a law that control crypto for their need !
I think you need a bitcoin legality map all over the world, find it here: https://coin.dance/poli
Maybe not all are updated but at least you can find out the position of bitcoin legality in each country. in fact, some countries set it as a commodity not as a currency.
Maybe not all are updated but at least you can find out the position of bitcoin legality in each country. in fact, some countries set it as a commodity not as a currency.
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 its own legal umbrella, there are some countries that allow the use of bitcoin, there are some countries that are not permitted to use bitcoin, you say that you should consult with the government, but you don't say, where is your country of origin? 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.
I think the main thing is that there is no ban on cryptocurrencies. Until our country introduced a law that regulates cryptocurrencies, it was easier for me to work with them. Now we have to pay taxes, and it is not very convenient. Cryptocurrencies in our country are recognized as property.
Yeah absolutely until the government will come out with a decision and put into law bitcoin and crypto currency will legal because the is no bases to sue any body in a violation without any law.
You can also use google to find if your country prohibit the use of cryptocurrency. There are lists of countries that have been published or posted by some well known online media recently. There are also countries like mine that allows the use of cryptocurrencies in any transactions even it is not legalized yet. China is reportedly opening up on the use of cryptocurrencies after one of its local court ruled in favor of bitcoin so there is a big chance that your country might also allow the use of virtual coins in the future.
Even it sounds too much, I think it's better to ask about it to a lawyer just to find out and make sure that bitcoin isn't illegal and/or it has been regulated in your country. It's important to make you feel free and got no worries on running your cryptos. Anyway, where re you from? I think it's also better to give your precise position to help us give you advice even more.
To find out about the existence of laws on a particular topic that interests me, I type keywords on this topic at Google and first look at the website of the legislature of my country. So I immediately enter into specific laws. I also look through other selected information to make sure that I did not miss anything. So pretty quickly, I find answers to any questions that interest me. Contact a lawyer, it will be a long time, and also expensive, besides, not every lawyer can navigate in matters of cryptocurrency.
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?
Google was always there buddy, you're just one click away from the answers of your question. Yeah! It's true that some articles found on the internet are hoax or have twisted infos but there are still sites that have a good credibility and you can rey on. 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.
Here in our country, we are sure that using crypto don't lead us in any kind of trouble so researching regarding this issue is no longer needed (as of now). But when I want to get an update about the current status of crypto in our own community then I just visit this site: https://bitpinas.com/ 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 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 our country, the legal status of bitcoin is clear, the government does not recognize bitcoin as a direct payment instrument, the government only recognizes bitcoin as a deposit asset, but there are still many people who buy and sell cryptocurrencies, because at present the technology development without borders is free to choose, for while indeed the state has not set the limit on asset ownership
but I think in the future the government must realize how big the potential of bitcoin can be used for economic progress.
Where do you live? There may be a regulation in your country or nothing at all.
Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.
Well you may find it online on certain sites. But it would be much better if you consult your locals and the members of the bitcoin community who have been a part n parcel of this journey since a very long time. You will get better guidance if you share where you live, so that the fellow local members can help you on this issue. However, local laws about crypto and the market regulations are now becoming very much clear in most of the countries. The issue is taken up very seriously in certain countries.Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.
Where do you live? There may be a regulation in your country or nothing at all.
Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.
Well you may find it online on certain sites. But it would be much better if you consult your locals and the members of the bitcoin community who have been a part n parcel of this journey since a very long time. You will get better guidance if you share where you live, so that the fellow local members can help you on this issue. However, local laws about crypto and the market regulations are now becoming very much clear in most of the countries. The issue is taken up very seriously in certain countries. Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.
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.
Each country has its own regulatory acts that regulate social relations in this territory. Therefore, of course, you first need to find out whether there is any regulation of the crypto currency in your state. If there is no such regulation, then as a general rule, in all countries there is a presumption of legitimacy of transactions, that is, all transactions are recognized as legitimate if they do not violate general rules and are not canceled by authorized bodies. Therefore, if the crypto currency is not regulated in your country, the execution of various transactions in the crypto currency must be recognized as legitimate. 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.
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.
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.
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. 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.
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 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.
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).
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.
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.
In my country, there is not yet a question of regulating crypto-currency, there are as yet no questions!
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 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.
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.
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.
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!
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 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.
As far as I know, in Russia Bitcoin is illegal now, and you can get punishments.. even jail time .. depending on amounts..
Bitcoin should remain a free market. But how about imposters and hackers and fake ico?
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
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.
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.
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. 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.
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.
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.
it'll be recognized, soon. but i fear that there is a possibility of tax implementation, as it can be abused by local governments
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.
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.
If we are talking about small amounts the government doesn't track such payments. You will have no problems anywhere except those countries where there is no direct prohibition on the use of cryptocurrencies. Control over the income of citizens in each state are different. So if you do not pay taxes on these amounts then you can be prosecuted for tax evasion. It depends on the country.
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 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.
Maybe You Can make A topic Regarding on your question in the Local Board or Search From the Internet if you want to know. There are so many Informations That I have Read in this Forum that Says Bitcoin is not yet Regulated in any countries but is well adopting it.
You don't have to Consult a Lawyer because it cannot Help you, best way is to ask Bank staffs for sure information.
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.
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.
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 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.
I see that bitcoin in your country is not legal but not ban but in order for you to have some information regarding local bitcoin status or bitcoin in your own country, you do research of your central bank news as every nations economic status regarding monetary and some national economic aspects will always depend on Central Bank affiliations, reports and influence as the rule of the Central banks is more on economics securities of the nation.
you can try to visit your local central bank about the laws and regulations of the bitcoin aand other cryptocurrency, if hey are aware with that then they will give you guidelines and other documents to comply regarding cryptocurrency transcactions.Most common requirements are the KYC- Know Your Customer and AML- Anti-Money Laundering laws.
Neither did I...
Here in my country (Philippines), there's no specific law pertaining to cryptocurrencies. There's no such laws are being implemented yet. But im sure we can still violate a law when using cryptocurrencies. Cryptocurrencies can be also use for crimes like money laundering and other illegal things. So it will be better if you consult a local lawyer pertaining to that matter. Because we have different laws because we are on different nation. Or you can search google about laws implemented in your country for that matter. Anyway, you have not given us your location. It will be harder for us to give you an advice.
Here in my country (Philippines), there's no specific law pertaining to cryptocurrencies. There's no such laws are being implemented yet. But im sure we can still violate a law when using cryptocurrencies. Cryptocurrencies can be also use for crimes like money laundering and other illegal things. So it will be better if you consult a local lawyer pertaining to that matter. Because we have different laws because we are on different nation. Or you can search google about laws implemented in your country for that matter. Anyway, you have not given us your location. It will be harder for us to give you an advice.
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 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.
Maybe the best thing to do is to consult a lawyer and ask him about the status of cryptocurrencies in your country or if he has no idea then you can just search in the internet or ask here in the forum in your local group if you have one maybe they have an idea of your status. As for my country, the government did not regulate yet cryptocurrency but they are aware of it since I have seen some news coverage about it and just warn the people to be vigilant always and investigate first where the people will put their money because it is a highly speculative investment and if in case they lost their money then the government cannot backed them because it has no legal implications yet.
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 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.
Maybe the best thing to do is to consult a lawyer and ask him about the status of cryptocurrencies in your country or if he has no idea then you can just search in the internet or ask here in the forum in your local group if you have one maybe they have an idea of your status. As for my country, the government did not regulate yet cryptocurrency but they are aware of it since I have seen some news coverage about it and just warn the people to be vigilant always and investigate first where the people will put their money because it is a highly speculative investment and if in case they lost their money then the government cannot backed them because it has no legal implications yet.
I think going to ask a lawyer is the best thing to do if it is available. But if not, mr. Google is always open to be consulted with, the news are instantly being shared through this channel. If in your country you haven’t heard of any news, it’s maybe your not watching enough on the specific news agency who covers about government policy. In my country there is a chance for you to ask questions to an attorney on the spot that is live on a tv shows.
Since bitcoin is starting to skyrocket and I got in pretty low (right after the china crash) I'm looking at the local laws in my country just in case bitcoin hits 10.000$. When bitcoin hits 10.000 dollars I would be willing to cash out. So what I've found on the local laws in my country is that you would have to pay a sh*tload of taxes when cashed out. Since the law is pretty unclear bitcoin is considered a speculative asset and therefore falls under gambling and I would have to pay 33.3% tax (which is straight up theft). I'll probably look for a good accountant to find me a better solution.
In my country having bitcoin isn`t prohibited, only by its regulation isn`t yet clear (floating). However, central bank will crack down only on the adopters only, such as shops, supermarkets and other buying and selling services.
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 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 out of the control so that you can’t find law for it may be when add your ID and verify your account may be your will under law control
Where do you live? There may be a regulation in your country or nothing at all.
Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.
Most countries doesn't has regulations about cryptocurrency, but consider it as asset or commodity.
Check in here; https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
You don't have to consult a lawyer for a small transaction below $10,000
You can sell bitcoin for cash and withdraw into your bank account if there's an exchange which support local bank in your country.
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
but central bank do some research on BTC and ALTs... so i think they r gonna make some regulations
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 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.
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