Is Bitcoin legal?

[Dr.Bitcoin_Strange]

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.

Bitcoin is legal in some countries and illegal in other countries, in some countries cryptocurrency in general is an illegal thing to do they see it as something that helps to bring the economy down and since a lot of scam has been recorded through it they decided to make it illegal,
Other countries that has made cryptocurrency legal is benefiting heavily from it and is also helping to grow there economy, cryptocurrency can be used in any country and is very easy and fast to send money to another person in another country.
I believe Bitcoin will be made legal very soon in all countries Because Bitcoin has already been accepted in big countries of the world and some countries will soon find out that Bitcoin helps to grow economy and making it illegal is not good for there economy.

One can't say Bitcoin is not legal just because is illegal in your country, a lot of countries that has made Bitcoin illegal there are still citizens in that country that still get involve in Bitcoin investment.
I know of a country that has been fighting Bitcoin for years and because the citizens were still very much interested in investing in Bitcoin they had no other option but to accept Bitcoin and placed some rules and regulations to be followed by the investors.

[Blaze]

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.

Taxes in each country have different policies, including taxes used for Bitcoin. As you said, the director general of tax will not know the wealth you have when storing all the assets we have in digital form or stored in a Cryptocurrency wallet. Therefore, currently many people are trying to learn to enter Bitcoin and store all their assets in Bitcoin in very large amounts. They already believe in Bitcoin which can provide many benefits when stored in the long term and also the most important thing is to avoid the supervision of the director general of tax.

[doc]

Taxes in each country have different policies, including taxes used for Bitcoin. As you said, the director general of tax will not know the wealth you have when storing all the assets we have in digital form or stored in a Cryptocurrency wallet. Therefore, currently many people are trying to learn to enter Bitcoin and store all their assets in Bitcoin in very large amounts. They already believe in Bitcoin which can provide many benefits when stored in the long term and also the most important thing is to avoid the supervision of the director general of tax.

Taxes in each country are different because they have their own considerations in collecting taxes. By investing in crypto, our wealth is difficult to be detected by the government, only when we transact on a local exchange will the government know our wealth. This is my reason why I prefer to invest in bitcoin and altcoin, because it is safer and my assets can not be tracked.

[bayiajaib]

Taxes in each country have different policies, including taxes used for Bitcoin. As you said, the director general of tax will not know the wealth you have when storing all the assets we have in digital form or stored in a Cryptocurrency wallet. Therefore, currently many people are trying to learn to enter Bitcoin and store all their assets in Bitcoin in very large amounts. They already believe in Bitcoin which can provide many benefits when stored in the long term and also the most important thing is to avoid the supervision of the director general of tax.

Taxes in each country are different because they have their own considerations in collecting taxes. By investing in crypto, our wealth is difficult to be detected by the government, only when we transact on a local exchange will the government know our wealth. This is my reason why I prefer to invest in bitcoin and altcoin, because it is safer and my assets can not be tracked.

Many invest in crypto because they don't want their assets to be known to the government, perhaps for tax reasons.  But I personally have a reason that investing in crypto is more profitable than investing in the real world.  The problem of taxes is not that we avoid it. If taxes are used correctly and not corrupted, citizens will certainly be willing to pay taxes.  But in reality in many countries taxes are not used properly.  that's what makes people reluctant to pay taxes.

[pieppiep]

Taxes in each country have different policies, including taxes used for Bitcoin. As you said, the director general of tax will not know the wealth you have when storing all the assets we have in digital form or stored in a Cryptocurrency wallet. Therefore, currently many people are trying to learn to enter Bitcoin and store all their assets in Bitcoin in very large amounts. They already believe in Bitcoin which can provide many benefits when stored in the long term and also the most important thing is to avoid the supervision of the director general of tax.

Taxes in each country are different because they have their own considerations in collecting taxes. By investing in crypto, our wealth is difficult to be detected by the government, only when we transact on a local exchange will the government know our wealth. This is my reason why I prefer to invest in bitcoin and altcoin, because it is safer and my assets can not be tracked.

Exactly, the tax policies implemented in several countries will indeed be different. Taxes usually depend on the economic conditions in the country. If the country is developing and has good finances, then the taxes will be large. But when the country is poor, the taxes will not be too large because it will only make it difficult for people to pay taxes. Moreover, only a few countries have tax regulations for those who trade in cryptocurrency.

[Dr.Bitcoin_Strange]

Taxes in each country have different policies, including taxes used for Bitcoin. As you said, the director general of tax will not know the wealth you have when storing all the assets we have in digital form or stored in a Cryptocurrency wallet. Therefore, currently many people are trying to learn to enter Bitcoin and store all their assets in Bitcoin in very large amounts. They already believe in Bitcoin which can provide many benefits when stored in the long term and also the most important thing is to avoid the supervision of the director general of tax.

Taxes in each country are different because they have their own considerations in collecting taxes. By investing in crypto, our wealth is difficult to be detected by the government, only when we transact on a local exchange will the government know our wealth. This is my reason why I prefer to invest in bitcoin and altcoin, because it is safer and my assets can not be tracked.

Exactly, the tax policies implemented in several countries will indeed be different. Taxes usually depend on the economic conditions in the country. If the country is developing and has good finances, then the taxes will be large. But when the country is poor, the taxes will not be too large because it will only make it difficult for people to pay taxes. Moreover, only a few countries have tax regulations for those who trade in cryptocurrency.

Some countries has made Bitcoin illegal and will prosecute anyone caught into Bitcoin transaction will even be arrested and prosecuted, they see cryptocurrency as something that is bringing there economy down and also bringing more cyber crime to there country so they decided to make it illegal, but all this there reasons are wrong they just need to accept Bitcoin and see how Bitcoin will grow there economy, some countries has already accepted the use of Bitcoin as a means of payment and has made it legal and they have been benefiting greatly from it, all they did was to make laws or rules and regulations to guide those investors, those countries that has made cryptocurrency investment legal are the ones taking taxes from investors.

For those countries that has not accepted cryptocurrency investment they have no right to take taxes from investors, some countries didn't accept Bitcoin as a means of payment but they didn't make it illegal that means people in that country are still investing in Bitcoin.
But some countries made it illegal that means you can't invest in Bitcoin but some people still hide and engage in it.

[Ujok]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

[Rengga Jati]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

The legality of Bitcoin may be different between one country and another country. The reason can be varied but most of the countries in the world have legalized Bitcoin. According to CoinGecko data, there are already 119 countries which legalize crypto. It means, Bitcoin is legal in 119 countries. We have 195 recognized countries in the world, it mean more than a half of total countries in the world already legalize Bitcoin.

It is true that Bitcoin is a sophisticated technology and it has great potential to develop a country. That's why there are governments which make the decision to use it as Legal Tender. So far, we have 2 countries which declare it as as Legal Tender. They are the Central African Republic (CAR) and El Salvador.

In Indonesia, crypto can be a digital asset only but the status is legal. We still can use crypto or Bitcoin as a payment tool. It is against the law in Indonesia. Maybe someday it can be legal as a payment tool as well.


Crypto Legality around the World



Source: https://www.coingecko.com/research/publications/crypto-legal-countries

[rizqillah]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

Fear and concern from many countries make bitcoin not allowed, but now many countries allow bitcoin to be an investment. The government understands that this technology has many benefits. And they must adopt crypto technology, not reject this progress.
In the country you mentioned, the Indonesian government has begun to allow and has been widely used in companies there.

[Hisbullah]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

Fear and concern from many countries make bitcoin not allowed, but now many countries allow bitcoin to be an investment. The government understands that this technology has many benefits. And they must adopt crypto technology, not reject this progress.
In the country you mentioned, the Indonesian government has begun to allow and has been widely used in companies there.

The government in every country should understand the benefits of bitcoin and legalize bitcoin in their country. Didn't they understand the rejection of bitcoin when it was first launched and now the government has also seen that even though it is banned, bitcoin still survives and is increasingly popular, isn't that proof of technology that cannot be denied?

[laijsica]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

Fear and concern from many countries make bitcoin not allowed, but now many countries allow bitcoin to be an investment. The government understands that this technology has many benefits. And they must adopt crypto technology, not reject this progress.
In the country you mentioned, the Indonesian government has begun to allow and has been widely used in companies there.

The government in every country should understand the benefits of bitcoin and legalize bitcoin in their country. Didn't they understand the rejection of bitcoin when it was first launched and now the government has also seen that even though it is banned, bitcoin still survives and is increasingly popular, isn't that proof of technology that cannot be denied?

Bitcoin holdings and investments have come a long way without any government support and are growing. This is possible due to the holdings of investors from different parts of the world and the holdings of institutional investors and more business ideas. There is a constant interest in Bitcoin and its exploration in a country's economy that can soon be successful. Even if no country in the world accepts Bitcoin, it will continue to become more popular and its value is likely to skyrocket. So should be holding for high profits.

[dekafee79]

The government in every country should understand the benefits of bitcoin and legalize bitcoin in their country. Didn't they understand the rejection of bitcoin when it was first launched and now the government has also seen that even though it is banned, bitcoin still survives and is increasingly popular, isn't that proof of technology that cannot be denied?

Bitcoin holdings and investments have come a long way without any government support and are growing. This is possible due to the holdings of investors from different parts of the world and the holdings of institutional investors and more business ideas. There is a constant interest in Bitcoin and its exploration in a country's economy that can soon be successful. Even if no country in the world accepts Bitcoin, it will continue to become more popular and its value is likely to skyrocket. So should be holding for high profits.
[/quote]
It has happened in the past when almost all countries rejected bitcoin, it turns out that bitcoin still exists and is getting more expensive until now. so in my opinion legal or not bitcoin will still be bitcoin that offers financial freedom to its owners, so we don't need to care whether the government wants to legalize it or not because the end result is that the government will accept the technological progress of bitcoin.

[satpol_PP]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

Fear and concern from many countries make bitcoin not allowed, but now many countries allow bitcoin to be an investment. The government understands that this technology has many benefits. And they must adopt crypto technology, not reject this progress.
In the country you mentioned, the Indonesian government has begun to allow and has been widely used in companies there.

The government in every country should understand the benefits of bitcoin and legalize bitcoin in their country. Didn't they understand the rejection of bitcoin when it was first launched and now the government has also seen that even though it is banned, bitcoin still survives and is increasingly popular, isn't that proof of technology that cannot be denied?

Bitcoin holdings and investments have come a long way without any government support and are growing. This is possible due to the holdings of investors from different parts of the world and the holdings of institutional investors and more business ideas. There is a constant interest in Bitcoin and its exploration in a country's economy that can soon be successful. Even if no country in the world accepts Bitcoin, it will continue to become more popular and its value is likely to skyrocket. So should be holding for high profits.

We have also heard that bitcoin was considered illegal in the past, but now bitcoin is accepted in many countries. And many have the same opinion as you, if bitcoin is rejected in many countries bitcoin will still exit and become more expensive. That is the reality that is happening now.

[Azharul]

Bitcoin is not legal worldwide because each country must have its own rules and many countries do not legalize Bitcoin because they are afraid that their currency will be rivaled by Bitcoin, but in my opinion Bitcoin is a sophisticated technology and the government of the country is very good if it uses it. For example in Indonesia, the government has now stated that Bitcoin is legal and even the government also uses Bitcoin technology.

  I am also agree with you. We know that bitcoin is spread in all over the world. But we also know that bitcoin is not legal in all country, because there government Couldn't permission in this crypto. We also saw that some country didn’t permit bitcoin, because they remains it will be thereat for there money. They also believe that there money price has damage for bitcoin. But indonesia government has already permits in crypto, so i think that it will be better for there countri.

[bitterguy28]

But indonesia government has already permits in crypto, so i think that it will be better for there countri.

for those living in indonesia they definitely do have the advantage of being able to use bitcoin legally and having access to platforms related to crypto or bitcoin in their country some countries do not have that privilege unfortunately however there are some countries in south east asia that are just a bit neutral with crypto it’s not banned but it’s also not so supported

yes we can use it but it’s not heavily pushed and so many rules fall under the grey area