Topic: Not Yet Legal But Not Banned - page 4. (Read 32110 times)
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Same here, government does nothing to regulate or ban it, except of negative representation it to public by TV. State actually plans to release regulation law, but delays it several times. Current situation is suitable for us average people, but other counties behave different.
In my country right now regulations really takes place particular on local exchange site who handled digital currency to fiat exchange mode. This idea prior registration on each and every user needs to have its legit kyc, because its a part on how traceable their customer is. Some crimes related to scams could be tracked through transactions history. So the legality will be more possible in an exact time, because regulations started to be more defined.
Well, that is really a good move there on your regulating body. This is to safeguard and ensure that frauds will get caught in the future. However, what I am really against to is that when the regulations tend to go further deep where it seems that holding bitcoin is already like holding it in banks where there will always be a third party that is watching over your money.
Same here, government does nothing to regulate or ban it, except of negative representation it to public by TV. State actually plans to release regulation law, but delays it several times. Current situation is suitable for us average people, but other counties behave different.
In my country right now regulations really takes place particular on local exchange site who handled digital currency to fiat exchange mode. This idea prior registration on each and every user needs to have its legit kyc, because its a part on how traceable their customer is. Some crimes related to scams could be tracked through transactions history. So the legality will be more possible in an exact time, because regulations started to be more defined.
I think no government can strictly prohibit bitcoin, no one can know I own bitcoin unless I say it. But they can check the transactions when I transfer bitcoin into cash for use. .
and when the country banned, but other countries backed up, only sooner or later, all nations will support. I think governments now want to hoard a certain amount of bitcoin.
and when the country banned, but other countries backed up, only sooner or later, all nations will support. I think governments now want to hoard a certain amount of bitcoin.
If they are very reluctant to ban then then they are going to legalize most likely. The countries or governement who has banned crypto quickly did not give time to study blockchain because if they did then they will surely legalize it.
I guess the government will be smarter than you think, they will review before issuing a decision to ban bitcoin and cryptocurrency as a whole. The government will know the impact of receiving or prohibiting bitcoin. But what is clear is that if the government sees cryptocurrency from two sides not only the negative side, it is proper for the government to make a regulation to accept the bitcoin and cryptocurrency as a whole. Not for the payment system but as a place of trading or a place of legal investment is better.
If they are very reluctant to ban then then they are going to legalize most likely. The countries or governement who has banned crypto quickly did not give time to study blockchain because if they did then they will surely legalize it.
In my country, too, the parliament is constantly going to discuss the status of the crypto currency, but they can not forbid it either.
It is in progress and become legally in all countries in the world.
The majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
Legal status of bitcoin
"Cermissive" (it's legal to use bitcoin)
"Contentious" (some restrictions on legal usage of bitcoin)
"Contentious" (interpretation of old laws, but bitcoin isn't prohibited directly)
"Hostile" (full or partial prohibition)
Legal status of bitcoin
"Cermissive" (it's legal to use bitcoin)
"Contentious" (some restrictions on legal usage of bitcoin)
"Contentious" (interpretation of old laws, but bitcoin isn't prohibited directly)
"Hostile" (full or partial prohibition)
we just enjoy this status. most importantly, we can still use bitcoin and still be able to trade coins without being banned by anyone. but this problem must be quickly overcome as the number of coins and coins users increases each day. so it requires more real rules.
Yes, it is true. maybe two or three years later the regulations on crypto will be announced in every country. given the current digital currency users are increasing and new coins every month increases, so it is necessary law to regulate and control the circumstances, in order to avoid abuse of digital coins.
Yes, it is true that Bitcoin is not yet legal but its use is not prohibited. It is a good idea to enjoy this kind of Bitcoin status. Surely we can get a greater profit because it is still protected from taxes. I would prefer if the status of Bitcoin like this.
Savor the moment will the status is still hanging. Earnings are still maximized in this case. Bitcoin has been a good helping hand to all of our expenses. However, if regulations will be implemented, let us focus that fraud cases will be minimized. Instead of focusing the negative impact on our earnings.
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But, maintain on! There are many other cryptocurrency too, available for distinctive modes of offerings and when there are alternatives to be had, why now not have a short survey of all of the options.
Who knows what cryptocurrency can prove to be useful for you?
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But, maintain on! There are many other cryptocurrency too, available for distinctive modes of offerings and when there are alternatives to be had, why now not have a short survey of all of the options.
Who knows what cryptocurrency can prove to be useful for you?
I think Bitcoin is a product of the legal edge. In some countries that prohibit ICOs, although they do not support Bitcoin, they have no way of how to limit Bitcoin transactions. Because Bitcoin is anonymous, but the law is about exquisite evidence, it is difficult to accurately determine who is the holder of Bitcoin.
The not yet legal but not banned at the same time of bitcoin and any crypto currencies that circulating in a country is a good thing. Aside in making profit from it without paying taxes which makes us more happy, this can be a way to become a legal currency because the government is letting crypto to exist on their respective country. This means that they have a chance to see the greatest purpose of crypto currency. I have a feeling that someday fiat and crypto will exist together but at the end only one will remain and I choose crypto to stay rather than fiat.
Yes, it is true that Bitcoin is not yet legal but its use is not prohibited. It is a good idea to enjoy this kind of Bitcoin status. Surely we can get a greater profit because it is still protected from taxes. I would prefer if the status of Bitcoin like this.
enjoy the benefits of transactions that are not yet legal but not prohibited boitcoin is our best opportunity in investing bitcoin or crypto / ICO because as long as still not legal we are still free from tax
Yes, it is true that Bitcoin is not yet legal but its use is not prohibited. It is a good idea to enjoy this kind of Bitcoin status. Surely we can get a greater profit because it is still protected from taxes. I would prefer if the status of Bitcoin like this.
Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
yes it's not legal yet but it will not be baned because even though any bitcoin is banned, bitcoin is not a bit of a bitcoin because bitcoin knows how long it will take many more to believe in bitcoin.
Yes, this is done in my country. Bitcoin is not legal yet is not prohibited. Surely this makes me happy because I can still use Bitcoin without having to pay taxes. It should be like this moment enjoyed only. We never know the future Bitcoin will be like. And while Bitcoin is still there and still use, I am very grateful.
Yes as far as there are so many discussions and contradictions is going on about whether the bitcoin is legal or banned. In so many countries it is neither legal nor banned. People are getting confused whether it is going to be legal or banned. Due to this reason people are not ready to invest or hold the bitcoin. At the same time many countries now accepted bitcoin as legal in their country and some banned in other countries. I belive it not going to banned because if it is accept the economic growth of countries would be tremendous.
Not all countries are the same perception of bitcoin, some countries are embracing and some are also refusing bitcoin due to many reasons they have. So, lucky those countries that their government not taking actions on cryptocurrency, they did not declare illegal but is not yet legal. That case really happened here our country besides our government was recognized bitcoin as a part of currency that pays bills.So, we are lucky enough here unlike other countries.
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