Why bitcoins illegal ???? - page 5. | Bitcointalksearch.org

novemberwoah

hero member

Activity: 896

Merit: 500

Quote from: RhodaGila on January 29, 2017, 01:01:15 AM

Bitcoin illegal only from the state government rules only, proof of Bitcoin could be used in the countries that indeed such rules. Bitcoin is not shaped the same as conventional money is there, therefore no one will be able to stop Bitcoin for use during the country's still no internet connection.
The government with the rules is not wrong to issue a policy like that, maybe they are worried because Bitcoin yet familiar and still many people who still do not know and understand Bitcoin is also a way to use it.

Regulations in some countries is actually not a whole bitcoin use regulations, but the use bitcoin as legal tender. So bitcoin can still be used but is limited and only for certain things in my opinion. And you are right that many government issued a policy that's because bitcoin is still questionable in terms of security and profit. But I'm sure sooner or later bitcoin will begin to attract many countries to start using it.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: gabmen on January 29, 2017, 12:06:06 AM

Quote from: davids on January 28, 2017, 02:22:53 PM

in some country there are no laws to use of bitcoin transactions and government can't control it

I think its not just some countries though. Most countries i think are overlooking bitcoin and are not yet at the point where they want to legalize or ban btc. I'm sure governments are awaren of it but i think it not affecting their markets that much thatbit needs a lot of attention

That is the main reason the government can't control bitcoin transaction, they don't still know how to hold those things that is why some countries just banned it. Other countries like here in our country allows bitcoin although not yet legal but they are studying it now on how to legalize this matter. I am glad that my country is open minded with this matter.

RhodaGila

hero member

Activity: 615

Merit: 500

Bitcoin illegal only from the state government rules only, proof of Bitcoin could be used in the countries that indeed such rules. Bitcoin is not shaped the same as conventional money is there, therefore no one will be able to stop Bitcoin for use during the country's still no internet connection.
The government with the rules is not wrong to issue a policy like that, maybe they are worried because Bitcoin yet familiar and still many people who still do not know and understand Bitcoin is also a way to use it.

royalfestus

hero member

Activity: 2464

Merit: 519

Quote from: davids on January 28, 2017, 02:22:53 PM

in some country there are no laws to use of bitcoin transactions and government can't control it

Bitcoin is not illegal in some context but for it to used without fear of legal punishment, it will needs some legal binding. Most illegal use are on anonymous browsers, through darknet sites and purchase illegal goods such as guns, drugs etc. Such portray the bad use and if such transactions are caught they should be punished.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: davids on January 28, 2017, 02:22:53 PM

in some country there are no laws to use of bitcoin transactions and government can't control it

I think its not just some countries though. Most countries i think are overlooking bitcoin and are not yet at the point where they want to legalize or ban btc. I'm sure governments are awaren of it but i think it not affecting their markets that much thatbit needs a lot of attention

the rise

sr. member

Activity: 2338

Merit: 273

DGbet.fun - Crypto Sportsbook

The best answer is the government is not ready to formalize bitcoin, they still worry that bitcoin could disrupt the circulation of fiat.

Why could disrupt fiat currencies?

Because legalized something must have accurate data and details of its users. If this can't be resolved, majority of people will move to bitcoin, and enthusiasts fiat is much reduced. It would be a national disaster. Anonymity is very taboo for a country, because it means the state can't keep track of all activities.

There are only two options for thgovernment:

- Think hard to mastering bitcoin technology (in collaboration with blockchain / create own crypto technology such as Japanese)

- Don't care about bitcoin

We see that China is still a problem with bitcoin until now.

davids

hero member

Activity: 735

Merit: 500

in some country there are no laws to use of bitcoin transactions and government can't control it

Rastaman2016

sr. member

Activity: 247

Merit: 250

Quote from: Sithara007 on January 24, 2017, 11:03:52 PM

Quote from: blakegrr on January 24, 2017, 10:20:25 PM

for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Some third world countries have banned Bitcoin. Vietnam is a perfect example. They don't understand the technology behind Bitcoin, and therefore they don't know about the advantages which Bitcoin offers.

You do not even need to be engaged in illegal activities, and if the country or the government conceived to punish for non-payment of tax, the user bitcoin is outlawed and punished. It is illegal bitcoin.

wutard

full member

Activity: 150

Merit: 100

Charge users in a variety of possible fraud has a specific purpose, but what people do not use bitcoin clean at hand, it has already been proved. It is necessary to clean its ranks.

lilit

sr. member

Activity: 476

Merit: 250

Quote from: olushakes on January 28, 2017, 12:42:38 PM

The answer to why bitcoin is illegal is because it has not be legalised by those countries you are making reference to. For countries that are quiet, its then assumed to be illegal since it's not legal and to those who are outrightly saying it is, they have their reasons but I am sure its not unconnected to the fact that they are unable to control the flow bitcoin transactions.

Already, many countries are trying to start controlling financial transactions bitcoin its citizens. But this can not yet do. But if you trace and link criminal activities and money transfers via cryptocurrency it is very bad.

Winter1986

full member

Activity: 234

Merit: 250

You can not mix with products that bitcoin is against the law. These are the same drugs or weapons. In one of the States has been litigation over payment for drugs via bitcoin.

olushakes

sr. member

Activity: 476

Merit: 254

The answer to why bitcoin is illegal is because it has not be legalised by those countries you are making reference to. For countries that are quiet, its then assumed to be illegal since it's not legal and to those who are outrightly saying it is, they have their reasons but I am sure its not unconnected to the fact that they are unable to control the flow bitcoin transactions.

coszy

sr. member

Activity: 270

Merit: 250

The first step is to ban bitcoin opponents cryptocurrency looking for reasons. And the first thing to which they pay attention to it on the illegal use of bitcoin. This should be avoided if we hotit good future for cryptocurrency.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: blakegrr on January 24, 2017, 10:20:25 PM

for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Some third world countries have banned Bitcoin. Vietnam is a perfect example. They don't understand the technology behind Bitcoin, and therefore they don't know about the advantages which Bitcoin offers.

blakegrr

member

Activity: 114

Merit: 100

Quote from: noel2123 on January 15, 2017, 07:59:02 PM

Quote from: gabmen on January 15, 2017, 09:02:50 AM

Quote from: noel2123 on January 15, 2017, 08:25:44 AM

It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal

I'm really not sure as well what "illegal" means here as I haven't yet heard of any country banning the use of bitcoin, or cryptocurrencies in general. Yes it is widely used in online gambling and casinos which is illegal in some countries, but the use of crypto isn't confined to that only. There are other use bitcoins that would make it easier for online transactions over long distances like for money transfers and online payments.

They say that kind of "Illegal" in their own minds. It can be "Illegal" because of the use of virtual money in gambling and casinos. There are other use of bitcoins, like money transfers, yet, we cannot assure or it can be legal for others who do not know where does the bitcoin came from. So some countries cannot trust bitcoin, because of securities, and can depreciate money or can make their own money.

for some country they are considering bitcoin as illegal because they dont seek research about this crypto currencies. they think that its illegal because it is not yet officially introduced to their country.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: noel2123 on January 15, 2017, 07:59:02 PM

They say that kind of "Illegal" in their own minds. It can be "Illegal" because of the use of virtual money in gambling and casinos.

In that case, gambling can be termed as illegal, and not Bitcoins. Online gambling is prohibited in most of the countries, and in some countries it is a criminal offense. But then, even credit cards and PayPal can be used for online gambling.

loreykyutt05

sr. member

Activity: 434

Merit: 250

Free Crypto in Stake.com Telegram t.me/StakeCasino

Quote from: margarete11 on January 15, 2017, 07:44:05 PM

I am really not aware to some countries banning bitcoin but as long as I am concerned I think It's because of its illegal application that results to Illegal actions Like buying Drugs , pornography and many othere Illegal activities that requires payment , It's because bitcoin stays anonymous and can't track the user behind that address/transaction.

Yes, we cannot track bitcoin address/transactions, we cannot see where our "Virtual Money" will go, what if there are illegal transactions? What if hackers do illegal transactions? We cannot track their transactions, can do some illegal activities like hacking bitcoin accounts, and do some illegal things that involve money.

noel2123

sr. member

Activity: 280

Merit: 250

Quote from: gabmen on January 15, 2017, 09:02:50 AM

Quote from: noel2123 on January 15, 2017, 08:25:44 AM

It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal

I'm really not sure as well what "illegal" means here as I haven't yet heard of any country banning the use of bitcoin, or cryptocurrencies in general. Yes it is widely used in online gambling and casinos which is illegal in some countries, but the use of crypto isn't confined to that only. There are other use bitcoins that would make it easier for online transactions over long distances like for money transfers and online payments.

They say that kind of "Illegal" in their own minds. It can be "Illegal" because of the use of virtual money in gambling and casinos. There are other use of bitcoins, like money transfers, yet, we cannot assure or it can be legal for others who do not know where does the bitcoin came from. So some countries cannot trust bitcoin, because of securities, and can depreciate money or can make their own money.

margarete11

sr. member

Activity: 350

Merit: 250

I am really not aware to some countries banning bitcoin but as long as I am concerned I think It's because of its illegal application that results to Illegal actions Like buying Drugs , pornography and many othere Illegal activities that requires payment , It's because bitcoin stays anonymous and can't track the user behind that address/transaction.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: noel2123 on January 15, 2017, 08:25:44 AM

It is not that kind of "Illegal" we are saying, it is because, some other people does not know about the bitcoin. Other people treat it as illegal, because they do not know about the bitcoin, but for us, who are using bitcoin, we all know how to use it as legal thing. They do not know how to handle bitcoin, so they know that it is illegal

I'm really not sure as well what "illegal" means here as I haven't yet heard of any country banning the use of bitcoin, or cryptocurrencies in general. Yes it is widely used in online gambling and casinos which is illegal in some countries, but the use of crypto isn't confined to that only. There are other use bitcoins that would make it easier for online transactions over long distances like for money transfers and online payments.

Topic: Why bitcoins illegal ???? - page 5. (Read 13983 times)