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Legal bitcoin

Posted: Fri Jun 23, 2017 8:47 pm
by Denishayes89
Is it possible to call bitcoin legal and why?

Re: Legal bitcoin

Posted: Fri Jun 23, 2017 9:02 pm
by GreyWyvern
The word "legal" implies that a state has handed down an official opinion on Bitcoin. So it really depends on the political region in which you reside. :)

Coin.dance has a nice chart of legality of Bitcoin by country: https://coin.dance/poli#legalitybycountry

FWIW, where I am it is legal. For now...

Re: Legal bitcoin

Posted: Sat Jun 24, 2017 1:56 pm
by mjglqw
It's possible. bitcoin is slowly being legalized. But only on some countries as of today. Recently I think it was India? I forgot what country it was stated on the article I've read.

As of now, on most countries bitcoin is legal nor illegal.

Re: Legal bitcoin

Posted: Sat Jun 24, 2017 10:22 pm
by Possum577
This question has been floating around a lot lately. And here's a list of bitcoin legality by country >>> https://en.wikipedia.org/wiki/Legality_ ... _territory

If it's not illegal it can be considered legal, no? But obviously some Countries are making greater effort to formally declare and welcome bitcoin into their economic systems. Japan and Australia probably lead the world in these efforts.

Re: Legal bitcoin

Posted: Tue Jun 27, 2017 12:39 pm
by Steephen
In the era of digital technology, money in any case, too, had to move into digital format, and therefore there is such a large amount of crypto currency. Just bitcoin became one of the first and most famous. If you can legally get bitcoin and pay for legal purchases, then why should it be illegal?

Re: Legal bitcoin

Posted: Wed Jun 28, 2017 4:57 pm
by patrickcoin
The legalization depends on the country to country, which one you are talking about?

Re: Legal bitcoin

Posted: Wed Jun 28, 2017 5:04 pm
by patrickcoin
Is it possible to call bitcoin legal and why?
Could you be specific with your question?

Re: Legal bitcoin

Posted: Sun Jul 02, 2017 4:37 am
by mknk98
Bitcoin is legal in all countries where internet is legal because it is internet money

Re: Legal bitcoin

Posted: Fri Jul 07, 2017 3:01 pm
by rakesh889
A few countries have accepted bitcoin and have decided to actually create laws that govern Bitcoin transactions. The first country to completely accept bitcoin was Japan. India seems to be next in line to legalizing bitcoin, now that the government has agreed to regulate bitcoin. The Indian government has agreed that regulating bitcoin could be beneficial and is currently creating the laws to do so. The Reserve Bank of India is also considering using the blockchain technology in banking.

Re: Legal bitcoin

Posted: Fri Jul 07, 2017 11:21 pm
by alexrose2699
As i know bitcoin is legal in many countries. There are few countries who are not allowing bitcoin trading.

Re: Legal bitcoin

Posted: Mon Jul 31, 2017 12:14 pm
by dianadsouza
Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.

Re: Legal bitcoin

Posted: Sun Aug 06, 2017 9:48 pm
by patrickcoin
If its running it hardly matters it legal or not

Re: Legal bitcoin

Posted: Sun Aug 06, 2017 9:52 pm
by patrickcoin
till it gets officially announced trade freely that hat people are doing

Re: Legal bitcoin

Posted: Wed Aug 09, 2017 9:29 pm
by Neoclassical
Is it possible to call bitcoin legal and why?
What do you mean legal? It is just a bunch of numbers. Ones and zeros.

Re: Legal bitcoin

Posted: Mon Sep 04, 2017 6:32 pm
by Виктор Мерин
Bitcoins banned in China? What awaits Russia

Re: Legal bitcoin

Posted: Mon Sep 18, 2017 9:29 am
by bakerlisa510
Is it possible to call bitcoin legal and why?
Legalization of bitcoin varies substantially from country to country and is still undefined or changing in many of them.
Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of some countries), its status as "money" 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.

Re: Legal bitcoin

Posted: Mon Sep 18, 2017 9:54 am
by OneChain
Depends on jurisdiction. Legal in pretty much all jurisdictions. In Japan it is considered a currency. There are some countries in which selling / buying Bitcoin is illegal though. Few, retarded countries.

Re: Legal bitcoin

Posted: Tue Oct 03, 2017 7:01 pm
by jjackson
yes, all depends on the laws in every country...

Re: Legal bitcoin

Posted: Tue Oct 03, 2017 8:11 pm
by SamAdams
If you can legally get bitcoin and pay for legal purchases, then why should it be illegal?

Re: Legal bitcoin

Posted: Fri Oct 13, 2017 1:59 pm
by icoholder
At the moment most countries do not allow or prohibit bitcoins. So it's not exactly to say bitcoin legal or not.

Re: Legal bitcoin

Posted: Thu Nov 09, 2017 12:30 pm
by RohrerAlex
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Re: Legal bitcoin

Posted: Thu Nov 09, 2017 12:40 pm
by neowebwallet
In Algeria, bitcoin is currently legal, but per the Huffington post, "Algeria is going to ban bitcoin in the new Finance law of 2018

https://www.neowebwallet.com/

Re: Legal bitcoin

Posted: Thu Nov 09, 2017 12:44 pm
by AlexFerson
It's depends on country

Re: Legal bitcoin

Posted: Tue Nov 21, 2017 9:22 am
by reversumroomescape
It can be called legal depending on the state you live in.

Re: Legal bitcoin

Posted: Tue Nov 21, 2017 10:25 am
by fabio.ram
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Re: Legal bitcoin

Posted: Tue Nov 21, 2017 10:35 am
by kohcainez
I would think that bitcoin will be legal in states where state government law specifically mentioned an official sanction for the use of bitcoin technology. To be even more specific, for all uses of bitcoin to be legal, every aspect of it must be officially approved.

The entity of its technology and everything that comes with it (blockchain, decentralization, anonymity, mining, mining fees) must be permitted.

The adoption of bitcoin as a form of currency and store of value must be permitted as well. Just legalizing the technology itself does not necessarily translate to permission of bitcoin as a form of currency. From what I see, to have bitcoin be fully legalized as a form a currency, state-issued licenses will be required for any exchange platform that transacts bitcoin.

On the other hand, if there exists no specific state law regarding the sanction of bitcoin, then the use of bitcoin technology and everything that comes with it will not violate any existing law, hence NOT illegal.

As for current situation, I would say that bitcoin is neither legal nor illegal.

Re: Legal bitcoin

Posted: Wed Nov 22, 2017 5:05 pm
by zaber_coin
At the moment, you can not say legal or illegal about bitcoin. Rather not forbidden, because you can not prohibit buying it completely.

Re: Legal bitcoin

Posted: Fri Jan 26, 2018 9:08 am
by amelkov
In Belarus, all cryptocurrency transactions are not taxed until 2023. Welcome to the Belarus. Advice on business organization and investment: mail: aleksandr@amelkov.by skype: amelkov.a

Re: Legal bitcoin

Posted: Sat Jan 27, 2018 12:56 pm
by BlockTechnology
In Belarus, all cryptocurrency transactions are not taxed until 2023. Welcome to the Belarus. Advice on business organization and investment: mail: aleksandr@amelkov.by skype: amelkov.a
But if I come to Belarus, do I need a Belarusian passport to freely conduct transactions and cash out my money?

Re: Legal bitcoin

Posted: Mon Jan 29, 2018 9:05 am
by amelkov
No, You can change money and to carry out transactions on your passport. There are nuances, but all solved.