Is Bitcoin legal?

[doc]

Maintaining privacy is important, isn't crypto technology semi-anonymous, so people don't know what our assets are stored in the wallet? It is completely private and safe. We don't need to tell about our income and assets in crypto, because that will provoke thieves or robbers to chase our assets.

Why should we show off our wealth, I don't think it's necessary. because it only provokes tax officers to track our assets. Even though we invest in crypto so that people don't know about our assets, so we can store them safely and get profits from the investment.

[silkytakyaan86]

No one can give a precise answer whether Bitcoin is legal or illegal. But it is certain that Bitcoin plays an important role in the crypto market. It has been going on like this. According to me, if we cannot call it legal, then we can also call it illegal.

[doc]

No one can give a precise answer whether Bitcoin is legal or illegal. But it is certain that Bitcoin plays an important role in the crypto market. It has been going on like this. According to me, if we cannot call it legal, then we can also call it illegal.

The legality of bitcoin in each country is different, there are countries that legalize bitcoin for payment methods, there are also countries that only legalize bitcoin for investment. And there are even those who prohibit both as investments and as payment methods.

[EluguHcman]

Bitcoin is a computer based digital currency which is built on legal motives that individuals in a global length have the right to decide if they are to adopt it as an alternative means of payments or holding it for investment or trading potentialities.

But then, it becomes the governments decisions to decide if it would be an legal or illegal technology in their countries believing that they fears what the outcomes may be in the future since it is a decentralized currency.

So on a general note, Bitcoin is a legal financial technology but illegal to the jurisdiction of some governments.

[surendertakyaan70]

Is Bitcoin legal---Bitcoin is an important form of cryptocurrency. But there are some countries where the governments have not accepted cryptocurrency. I am an Indian. Cryptocurrency is not a legal currency in India. But bitcoin is recognized as a legal currency by the Indian government. We cannot use cryptocurrency as a mode of payment for goods and services. There are no specific laws regulating cryptocurrency in our country. We have to pay 30% tax to the government on the profits made in cryptocurrency trading.

[JunaidAzizi]

Is Bitcoin legal---Bitcoin is an important form of cryptocurrency. But there are some countries where the governments have not accepted cryptocurrency. I am an Indian. Cryptocurrency is not a legal currency in India. But bitcoin is recognized as a legal currency by the Indian government. We cannot use cryptocurrency as a mode of payment for goods and services. There are no specific laws regulating cryptocurrency in our country. We have to pay 30% tax to the government on the profits made in cryptocurrency trading.

I am your neighbor, hahaha. It means near to your country, and we experienced the same situation there, which I think is worse than yours. At least in your country, Bitcoin is legal, but here, neither Bitcoin nor any other cryptocurrency is legal. If you are found with it, you will be sentenced to punishment. In our country, a person named Waqar Zaka did everything to legalize cryptocurrency in our state, but the officials refused, claiming that it would be involved in some illegal activities. I know the importance and potential of Bitcoin, but I don't know when the government will make it officially legal. For now, Bitcoin is illegal for us in our state.

[Jamal Aezaz]

No one can give a precise answer whether Bitcoin is legal or illegal. But it is certain that Bitcoin plays an important role in the crypto market. It has been going on like this. According to me, if we cannot call it legal, then we can also call it illegal.

No one can give a precise answer because every country has different rules and in some countries there is no use of crypto while in other countries crypto is widely utilised as a payment method and as a method of investment so I think every Individual will describe differently according to the rules of their country.

Bitcoins success is rapid and sure so in those countries where it is illegal a time will come when it will turn into legal currency as everything changes with changing in time.

[UNIVERSE]

No one can give a precise answer whether Bitcoin is legal or illegal. But it is certain that Bitcoin plays an important role in the crypto market. It has been going on like this. According to me, if we cannot call it legal, then we can also call it illegal.

Bitcoin can be legal or illegal depending on the territory or the country. In some countries, Bitcoin is still illegal because of many factors. However, it looks like Bitcoin is legal already in most countries in the world. Specifically in for the investment purposes, most countries in the world have given the rights for the people. But for the payment purposes, there are still some countries that don't allow it, including in my country. You can see the status of Bitcoin in each country here: https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory

[doc]

No one can give a precise answer whether Bitcoin is legal or illegal. But it is certain that Bitcoin plays an important role in the crypto market. It has been going on like this. According to me, if we cannot call it legal, then we can also call it illegal.

No one can give a precise answer because every country has different rules and in some countries there is no use of crypto while in other countries crypto is widely utilised as a payment method and as a method of investment so I think every Individual will describe differently according to the rules of their country.

Bitcoins success is rapid and sure so in those countries where it is illegal a time will come when it will turn into legal currency as everything changes with changing in time.

I also think that Bitcoin will be legal in the future, although there are currently those who still ban Bitcoin in their country. But I see a country that has legalized Bitcoin as an investment of its citizens. Seeing the increasing development and popularity of Bitcoin, I don't think the government cannot have all, and is likely to receive Bitcoin in the future.

[Dr.Bitcoin_Strange]

Bitcoin is a wonderful coin, it's one of the best investment in the world right now, a lot of people has already started investment in it, some people has become rich through investing on Bitcoin and it has started to gain support from different countries while some countries has rejected Bitcoin for one reason or the other.
Any country that accept and support Bitcoin and makes it legal in there country then it is legal and is not a crime to invest in it, but if a country don't accept it or support and has made it illegal by there laws then is illegal and is a crime to invest in it.

Some countries is supporting Bitcoin and is even used for payment while some countries is fighting people investing on Bitcoin in that country, I really don't understand why a nation will be fighting Bitcoin why not accept and support it then make rules and regulations that those investing in it will follow, a lot of nations that has accepted Bitcoin are making a lot of money.

[doc]

Bitcoin is a wonderful coin, it's one of the best investment in the world right now, a lot of people has already started investment in it, some people has become rich through investing on Bitcoin and it has started to gain support from different countries while some countries has rejected Bitcoin for one reason or the other.
Any country that accept and support Bitcoin and makes it legal in there country then it is legal and is not a crime to invest in it, but if a country don't accept it or support and has made it illegal by there laws then is illegal and is a crime to invest in it.

Some countries is supporting Bitcoin and is even used for payment while some countries is fighting people investing on Bitcoin in that country, I really don't understand why a nation will be fighting Bitcoin why not accept and support it then make rules and regulations that those investing in it will follow, a lot of nations that has accepted Bitcoin are making a lot of money.

Maybe countries that have not been able to accept bitcoin and consider it illegal, they think that bitcoin can be used for illegal activities. This is natural because bitcoin technology makes us semi-anonymous and difficult to track, but this is a technological advancement that should not be rejected, because in the future bitcoin will be more popular and in demand by many people.

[Metha Wulandarin]

This means that everyone's goal is almost the same, namely to make a big profit but does anyone here have the aim of giving their Bitcoin to their children or grandchildren? Or just for yourself
For me personally, I really want to give inheritance in the form of cryptocurrency such as Bitcoin, Ethereum or others but every time I start there is always a need that requires selling it

I've thought about giving my crypto assets to my descendants, but maybe I need it more at the moment.  Maybe I will try to save in the form of crypto in the next bearish season because it will be held for a long period of time. The coins I choose seem to be bitcoin and ethereum.  It's a good idea to pass on our crypto assets to our future descendants, maybe in 10 or 20 years bitcoin and ethereum will be very expensive.

We have the same thought, I also think like that but maybe I should prepare a personal wallet for some coins that I think are good for the future or for long-term investment.
When do you think the next bearish season will occur?
I think the next bearish season will occur between 2026-2027 if 2025 many people say that it is the year when the bull season or Altcoin season will occur and people who I consider experts in trading also say that the bull season will occur in 2025.

[pieppiep]

This means that everyone's goal is almost the same, namely to make a big profit but does anyone here have the aim of giving their Bitcoin to their children or grandchildren? Or just for yourself
For me personally, I really want to give inheritance in the form of cryptocurrency such as Bitcoin, Ethereum or others but every time I start there is always a need that requires selling it

I've thought about giving my crypto assets to my descendants, but maybe I need it more at the moment.  Maybe I will try to save in the form of crypto in the next bearish season because it will be held for a long period of time. The coins I choose seem to be bitcoin and ethereum.  It's a good idea to pass on our crypto assets to our future descendants, maybe in 10 or 20 years bitcoin and ethereum will be very expensive.

We have the same thought, I also think like that but maybe I should prepare a personal wallet for some coins that I think are good for the future or for long-term investment.
When do you think the next bearish season will occur?
I think the next bearish season will occur between 2026-2027 if 2025 many people say that it is the year when the bull season or Altcoin season will occur and people who I consider experts in trading also say that the bull season will occur in 2025.

The bearish season is underway, We must prepare capital in the form of USDT, That way we can have capital that can be used to buy as many coins as we want. Many people talk about when one year after the Bitcoin halving occurs, the next is the altcoin season. I really hope that can happen so that when the altcoin season occurs, it will increase the assets I have.

[KingsDen]

No one can give a precise answer whether Bitcoin is legal or illegal. But it is certain that Bitcoin plays an important role in the crypto market. It has been going on like this. According to me, if we cannot call it legal, then we can also call it illegal.

What kind of statement is this. That you don't know if bitcoin is legal or not, but you feel that if we cannot call it legal, we can call it illegal. It's somehow laughable my brother.

We can just approach this country by country. Bitcoin can be legal in one country but illegal in another country. So, since there is no universal law for humanity, bitcoin can be legal in one country and illegal in another country. This explanation should do better.

[laijsica]

Bitcoin is a wonderful coin, it's one of the best investment in the world right now, a lot of people has already started investment in it, some people has become rich through investing on Bitcoin and it has started to gain support from different countries while some countries has rejected Bitcoin for one reason or the other.
Any country that accept and support Bitcoin and makes it legal in there country then it is legal and is not a crime to invest in it, but if a country don't accept it or support and has made it illegal by there laws then is illegal and is a crime to invest in it.

Some countries is supporting Bitcoin and is even used for payment while some countries is fighting people investing on Bitcoin in that country, I really don't understand why a nation will be fighting Bitcoin why not accept and support it then make rules and regulations that those investing in it will follow, a lot of nations that has accepted Bitcoin are making a lot of money.

Maybe countries that have not been able to accept bitcoin and consider it illegal, they think that bitcoin can be used for illegal activities. This is natural because bitcoin technology makes us semi-anonymous and difficult to track, but this is a technological advancement that should not be rejected, because in the future bitcoin will be more popular and in demand by many people.

I totally agree with you. I think the government is a bit embarrassed by the lack of central oversight of Bitcoin due to its decentralization but its activities are growing day by day. The fact that each user's information, including information on financial transactions, is outside the reach of central surveillance in that country shows a somewhat inflexible attitude towards supporting Bitcoin. However, Bitcoin can make a great contribution to the global economic system through decentralized transactions, but some criminal transactions can have a negative impact.