Is Bitcoin legal?

[tjtonmoy]

It is  not the society, but it is the GOVERNMENT of the country that states whether something is legal or not legal, based on the laws and regulations established and in force in that country. And if it has become a law and regulation, then all citizens must obey it> And if you ignore it or don't obey it, then there will be sanctions given, whatever they are.

That's why, at this time, unfortunately, we can't really escape from the bonds of centralized government. Because after all this will be difficult for those of us who live in countries with certain authorities. However, fortunately in my country, crypto is legal, only as a commodity asset, and illegal if used as money for payments.

I mentioned society as in the people in the society choose who will be in power as the government. And when the same government go against them and create some laws that are irrelevant, who do they blame? They are the ones who chose it!
But that's not the point.
I agree with the fact that the government creates a law and we as the public don't say anything about it and it gets approved. In the end, we are the ones who suffer from it. The citizens obey it because they are the reason why people in power are in power and they can't go against the system.

The government always want to control what the citizens do, that's true. They can take the tax from our transaction in crypto.  They should have regulations if they want control bitcoin and other.
If bitcoin illegal in my country, I think It's not matter, we still can do transaction in exchange using VPN.
But If the government against and refused, I think it will be negative issues in my country.

If the government chooses to do something, they can do it. Every single thing you do or say, your phone is always listening or watching you. And who has the control over it? The government. They can monitor everything and they can seize control over everything. But they choose not to do it because they are always waiting for the right time.

Trust me when I say they can do whatever they want. Because one day they will. Just because you use VPN doesn't mean you are safe.

[IvugeoEvolutionCoin]

Yeah , I agree with you, the government still centralised fiat system, because they can control it.
But If the government will allow bitcoin,
The government needs legislation to accept Bitcoin as payment.  Determining the amount of tax from crypto.  But if crypto is only for investment, several countries have accepted it.

Bitcoin have positive side with decentralized fiat system and has transparent when using as transaction method, but government need looking from the other side before making bitcoin as legal payment transaction. In my country bitcoin have been accepted as commodity as investment assets only and government get benefit with taxes transaction, but still not allow as payment currency and right now still not have regulation with bitcoin as legal payment transaction.
El Savador is the only one country have fully control using bitcoin as payment transaction and using for all kinds transaction there, not limitation for using bitcoin as payment method there.

I think only a few countries accept Bitcoin, which can be used for full transactions without any restrictions, because Bitcoin is a very risky digital currency, and therefore not all countries can accept payments using Bitcoin. However, as technology develops, hopefully all countries can accept Bitcoin and altcoins as legal transactions.

[UNIVERSE]

Bitcoin is not only about math and digital product.
There is more value than that regarding Bitcoin which makes it still very trustworthy and has an extraordinary reputation. That could be as important as attracting various countries to issue regulations regarding Bitcoin.

Bitcoin is about assets, about money, and about technology and about a person's point of view which is increasingly changing as time goes by and the digital world globally. Many people are involved in the crypto world, especially in Bitcoin, the main goal of which is to make a profit, as well as ease of transactions globally. whereas the government with its centralized system certainly wants things to be centralized too. That's why this often clashes with the government's shared interests and in the end the government imposes several regulations related to this

[dekafee79]

Bitcoin is not only about math and digital product.
There is more value than that regarding Bitcoin which makes it still very trustworthy and has an extraordinary reputation. That could be as important as attracting various countries to issue regulations regarding Bitcoin.

Bitcoin is about assets, about money, and about technology and about a person's point of view which is increasingly changing as time goes by and the digital world globally. Many people are involved in the crypto world, especially in Bitcoin, the main goal of which is to make a profit, as well as ease of transactions globally. whereas the government with its centralized system certainly wants things to be centralized too. That's why this often clashes with the government's shared interests and in the end the government imposes several regulations related to this

The government should make regulations about Bitcoin and crypto. They houldn't hate and ban Bitcoin.  Citizens need protection with clear rules.  And the government can get taxes from our transactions in crypto.  Both from trading and investing. Bitcoin is  legal in several countries, hopefully my country will follow it, legalize Bitcoin soon.

[yohananaomi]

The government should make regulations about Bitcoin and crypto. They houldn't hate and ban Bitcoin.  Citizens need protection with clear rules.  And the government can get taxes from our transactions in crypto.  Both from trading and investing. Bitcoin is  legal in several countries, hopefully my country will follow it, legalize Bitcoin soon.

It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.

[Doctor]

It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.

Bitcoin is the future technology, we all see many altcoins have good technology. But I confuse why the government didn't allow yet ?
We also heard bitcoin  has been banned at several countries. The government should support this technology and adopt this.

[elbans89]

It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.

Bitcoin is the future technology, we all see many altcoins have good technology. But I confuse why the government didn't allow yet ?
We also heard bitcoin  has been banned at several countries. The government should support this technology and adopt this.

You should ask your government why Bitcoin is not legalized as soon as possible.  Bitcoin is technology that will be useful in the future.  And the legality of bitcoin and crypto is really needed.
Don't be a country left behind.  Because other countries have legalized it, although not many

[Gladitorcomeback]

Bitcoin is legal in most of the country but still there are some countries where bitcoin is not permissible so I think that if bitcoin become more successful then time will arise when there will be no one Without having bitcoin in their wallet.

When people will see that price of bitcoin has reached to 100k$ then surely every country will accept it and we will enter into new era of online earning. I think people are taking time to understand it so if they understand the success rate of bitcoin they will regret for their negative thoughts against bitcoin.

[armanda90]

When people will see that price of bitcoin has reached to 100k$ then surely every country will accept it and we will enter into new era of online earning. I think people are taking time to understand it so if they understand the success rate of bitcoin they will regret for their negative thoughts against bitcoin.

Depend on each country regulation about bitcoin legal or not, its not matter in the near future bitcoin will raise above $100k if any country have restrict bitcoin as payment transaction they will not make bitcoin become legal currency.
in my country bitcoin only legal for commodity assets and illegal for digital payment currency transaction, next few months later have new president and I don't sure they have initiative to make bitcoin becoming legal payment transaction or bitcoin only allow for commodity assets.

[legend45]

Depend on each country regulation about bitcoin legal or not, its not matter in the near future bitcoin will raise above $100k if any country have restrict bitcoin as payment transaction they will not make bitcoin become legal currency.
in my country bitcoin only legal for commodity assets and illegal for digital payment currency transaction, next few months later have new president and I don't sure they have initiative to make bitcoin becoming legal payment transaction or bitcoin only allow for commodity assets.

Not only in your country, mate.
 In several countries the government also allows bitcoin as investment, not for payment.  Legal or not, as long as it is allowed to become an investment commodity, it is better than being banned as is the case in several countries.  But it's better if the government legalizes bitcoin as a payment method too.

[dekafee79]

Why should bitcoin be legalized?  I think bitcoin lovers want to feel safe, comfortable and protected by the government.  Because at the beginning of Bitcoin's launch, I still clearly remember my feelings at that time, there was fear.  Because negative issues exist everywhere who say Bitcoin is illegal.

[bounceback]

Not only in your country, mate.
 In several countries the government also allows bitcoin as investment, not for payment.  Legal or not, as long as it is allowed to become an investment commodity, it is better than being banned as is the case in several countries.  But it's better if the government legalizes bitcoin as a payment method too.

Almost all countries supported bitcoin allowed for investment assets and not get regulation as payment currency transaction, we must acceptable and I think when government allowing bitcoin as investment assets seems more enough become our investing in the future and earn much profit trough trading with cryptocurrency.
Just make convert our cryptocurrency assets if want make transaction or buy some thing without get benefit directly with bitcoin become payment currency.

[IvugeoEvolutionCoin]

Why should bitcoin be legalized?  I think bitcoin lovers want to feel safe, comfortable and protected by the government.  Because at the beginning of Bitcoin's launch, I still clearly remember my feelings at that time, there was fear.  Because negative issues exist everywhere who say Bitcoin is illegal.

In several countries, the use of Bitcoin has received many official statements regarding its use in society, but there are still several countries that do not provide regulations for the use of Bitcoin. This possibility is due to the influence of unstable Bitcoin price movements and very limited supply factors, so there is a risk in countries that have not yet accepted the use of Bitcoin as a legal digital currency.

[bayu7adi]

So, let’s review…

Math problems are legal.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!

Everything's not a problem with Bitcoin, but the biggest hurdle it faces is from governments. Bitcoin's existence somewhat threatens government sovereignty and their currencies. That's why its legal status is hard to establish. Its speed is hindered by governments that always want to dominate and control the world.

Banking practices have long been proven to be highly profitable, and a key element in keeping the banking mechanism smooth is the strength of circulating FIAT currency. If Bitcoin or other decentralized cryptocurrencies were able to replace FIAT, it would mean governments would experience a profit degradation. That's why their efforts to prevent it hinder Bitcoin's development significantly.

[Dr.Bitcoin_Strange]

So far, many government only see Bitcoin as illegal because of its decentralized nature, the presence of Bitcoin poses some sort of threat to them because every government desires to be in charge of everything that concerns making decisions for the state, from the least to the highest things that concerns the state, since Bitcoin proposes a decentralized system of exchange, it removes the power for the government to take decisions that concerns the citizens' finance and gives that power to the citizens. If bitcoin becomes widely adopted, then everyone can call the shots when it comes to their finances, without the interference of the government or any centralized authority.