Is Bitcoin legal?

[LUCKMCFLY]

I believe that each country has its rules, each citizen of their country accepts things as they are, the truth is there is no other way, but in a more global sense and with a much more concept, in no country should bitcoin be illegal, it is a form of money, and everything that is money or represents money should be accepted, or there is something wrong there, it is not ill-gotten money, it is just that now governments know and understand that here in bitcoin technology there will Always be much more money and more sustainable than in the traditional model, that is why through Regulations they can get money out of this technology and take advantage of it.

[dekafee79]

I believe that each country has its rules, each citizen of their country accepts things as they are, the truth is there is no other way, but in a more global sense and with a much more concept, in no country should bitcoin be illegal, it is a form of money, and everything that is money or represents money should be accepted, or there is something wrong there, it is not ill-gotten money, it is just that now governments know and understand that here in bitcoin technology there will Always be much more money and more sustainable than in the traditional model, that is why through Regulations they can get money out of this technology and take advantage of it.

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

[Jamal Aezaz]

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

There will be a must reason due to which the government will not permit the use of bitcoin but I think they should focus on the importance of Bitcoin and its investment due to which many people can change their life by getting a good sum of money.

The government of most of the countries should permit good use of bitcoin because lots of countries are suffering from financial distress for which Bitcoin can perform better. Bitcoin investment and transaction has been permitted in most of the countries but still there are few which will soon be aware of its value and this will increase the value of Bitcoin more than current worth.

[doc]

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

There will be a must reason due to which the government will not permit the use of bitcoin but I think they should focus on the importance of Bitcoin and its investment due to which many people can change their life by getting a good sum of money.

The government of most of the countries should permit good use of bitcoin because lots of countries are suffering from financial distress for which Bitcoin can perform better. Bitcoin investment and transaction has been permitted in most of the countries but still there are few which will soon be aware of its value and this will increase the value of Bitcoin more than current worth.

There are still many countries that have not legalized bitcoin as a payment method, the government only allows bitcoin as an investment. Maybe the government should start focusing on crypto technology, so that doubts about crypto can be answered and the government can legalize bitcoin.

[Metha Wulandarin]

Yes that's about it if all crypto coins are legal but it may not apply to foreign markets if in local markets such as PINTU there is indeed a slight difference when we make instant sales the price given is much different from the market and it applies when we make instant purchases as well but if for order limits everything is the same

Some cryptocurrency values our privacy some are not and that is the problem I see when it comes to other countries prohibiting the trading of crypto. Lucky for me I am in a crypto friendly country that only regulate local and international exchanges in accordance with anyi money laundering law passed by the central banks or the SEC itself.

Then you're very lucky because you're in the right place for regulation.
This is one of the reasons why I am not very open on social media about crypto because of the importance of privacy and security of assets, even though Bitcoin is legal in my country, there are still many of my closest people who are not interested in Bitcoin, I don't know what the reason is.

Yes, it is very lucky for those whose country's government has accepted Crytpo as an investment.  So citizens who invest in crytpo feel safe.  Because in some countries it is still prohibited.   To be honest, in our country it has been accepted, but only as an investment, not as a payment method

Yes, we are among the lucky ones because it is legal and no longer needs vpn to carry out activities in crypto even though it is not completely, just hope there is no new regulatory change or reduction in crypto trading licenses.

[Faisal2202]

I can see this topic has already made 20 pages but still wanted to say to OP that you are right as the facts you have taken into consideration are good ones. Besides whether it is legal or not, most of religious people (like me) first think if it's shariah compliant or not. And you will be amazed to hear many of the people in my community like the same religion think it's haram because of its volatility and because we can't touch it. Well, that's not the topic I know but speaking of legality.

One thing I would like to say is, that nothing is illegal in the eyes of people if a powerful entity says it's legal or if a lot of people (group) say it's legal but one saying its illegal, will be criticized. But in the context of BTC it have good points like the ones you mentioned.

[pieppiep]

I believe that each country has its rules, each citizen of their country accepts things as they are, the truth is there is no other way, but in a more global sense and with a much more concept, in no country should bitcoin be illegal, it is a form of money, and everything that is money or represents money should be accepted, or there is something wrong there, it is not ill-gotten money, it is just that now governments know and understand that here in bitcoin technology there will Always be much more money and more sustainable than in the traditional model, that is why through Regulations they can get money out of this technology and take advantage of it.

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

Technological advances such as Bitcoin are the development of a digital currency that is so popular that governments in certain countries will never be able to control its circulation. Many people have bought Bitcoin so it is impossible for the government to continue to ban Bitcoin circulation. Imagine when all governments start legalizing Bitcoin as an alternative transaction, the price of Bitcoin will increase very sharply.

[Gurujebs]

Technological advances such as Bitcoin are the development of a digital currency that is so popular that governments in certain countries will never be able to control its circulation. Many people have bought Bitcoin so it is impossible for the government to continue to ban Bitcoin circulation. Imagine when all governments start legalizing Bitcoin as an alternative transaction, the price of Bitcoin will increase very sharply.

It's because people different people in different countries own Bitcoin government can't control bitcoin, but because the network is decentralized in the way that it's not run by one person. Bitcoin network is run by individual both the node and the miners to improve the security of Bitcoin, comfirm validate transactions and mine new blocks of transactions continuesly.

Even if it's 100 people that remain in the Bitcoin network, it will continue to run because but it will only make it less decentralized but it the government can't do anything about it.

[mahadev]

Technological advances such as Bitcoin are the development of a digital currency that is so popular that governments in certain countries will never be able to control its circulation. Many people have bought Bitcoin so it is impossible for the government to continue to ban Bitcoin circulation. Imagine when all governments start legalizing Bitcoin as an alternative transaction, the price of Bitcoin will increase very sharply.

It's because people different people in different countries own Bitcoin government can't control bitcoin, but because the network is decentralized in the way that it's not run by one person. Bitcoin network is run by individual both the node and the miners to improve the security of Bitcoin, comfirm validate transactions and mine new blocks of transactions continuesly.

Even if it's 100 people that remain in the Bitcoin network, it will continue to run because but it will only make it less decentralized but it the government can't do anything about it.

It's because of these considerations that the government doesn't legalize bitcoin for transactions in several countries, isn't that right, dude?
But Bitcoin is a technological advancement, even though Bitcoin is not legal, there will still be many fans. even now, bitcoin remains popular, especially after the bitcoin ETF was approved, we see bitcoin price movements touching ATH, which is proof that bitcoin is still strong enough for the next few years. And the final result that we can predict, is the possibility that the government will legalize bitcoin in the future.

[Metha Wulandarin]

I can see this topic has already made 20 pages but still wanted to say to OP that you are right as the facts you have taken into consideration are good ones. Besides whether it is legal or not, most of religious people (like me) first think if it's shariah compliant or not. And you will be amazed to hear many of the people in my community like the same religion think it's haram because of its volatility and because we can't touch it. Well, that's not the topic I know but speaking of legality.

One thing I would like to say is, that nothing is illegal in the eyes of people if a powerful entity says it's legal or if a lot of people (group) say it's legal but one saying its illegal, will be criticized. But in the context of BTC it have good points like the ones you mentioned.

Don't think too much about illegal and legal issues because I have never encountered anyone being arrested for playing crypto, unless there will be new regulations that prohibit everyone from playing crypto, that's what you have to think about.

[LUCKMCFLY]

I believe that each country has its rules, each citizen of their country accepts things as they are, the truth is there is no other way, but in a more global sense and with a much more concept, in no country should bitcoin be illegal, it is a form of money, and everything that is money or represents money should be accepted, or there is something wrong there, it is not ill-gotten money, it is just that now governments know and understand that here in bitcoin technology there will Always be much more money and more sustainable than in the traditional model, that is why through Regulations they can get money out of this technology and take advantage of it.

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

In my country, of course, governments think about that and in fact they take advantage of it because when they are mining bitcoin it is because they are clear about it, but they do not want people to know and be able to understand it, that is, they do not want people to have their identity of financial freedom but rather to continue being the same slaves of the system. Those who mine in my country have to be registered with an organization and if not, they simply strip them of all their machines and put them in jail, so that is very unfair, a country will Always have something to sustain itself, but particular economies will not.

[0t3p0t]

I believe that each country has its rules, each citizen of their country accepts things as they are, the truth is there is no other way, but in a more global sense and with a much more concept, in no country should bitcoin be illegal, it is a form of money, and everything that is money or represents money should be accepted, or there is something wrong there, it is not ill-gotten money, it is just that now governments know and understand that here in bitcoin technology there will Always be much more money and more sustainable than in the traditional model, that is why through Regulations they can get money out of this technology and take advantage of it.

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

In my country, of course, governments think about that and in fact they take advantage of it because when they are mining bitcoin it is because they are clear about it, but they do not want people to know and be able to understand it, that is, they do not want people to have their identity of financial freedom but rather to continue being the same slaves of the system. Those who mine in my country have to be registered with an organization and if not, they simply strip them of all their machines and put them in jail, so that is very unfair, a country will Always have something to sustain itself, but particular economies will not.

Well yeah governments will always be there for regualtions and taxation which is for me it's all good unless not fall in the hands of corrupt politicians. Lucky for me I am in a Bitcoin friendly country as we all know some countries prohibit or has restrictions on trading or possession of Bitcoin.

[doc]

I believe that each country has its rules, each citizen of their country accepts things as they are, the truth is there is no other way, but in a more global sense and with a much more concept, in no country should bitcoin be illegal, it is a form of money, and everything that is money or represents money should be accepted, or there is something wrong there, it is not ill-gotten money, it is just that now governments know and understand that here in bitcoin technology there will Always be much more money and more sustainable than in the traditional model, that is why through Regulations they can get money out of this technology and take advantage of it.

You are right, every country has its own rules that every citizen must obey. But bitcoin is a technological advancement where the government should think about the benefits of bitcoin. can be used for transactions and investments. The government should think about making regulations to legalize bitcoin.

In my country, of course, governments think about that and in fact they take advantage of it because when they are mining bitcoin it is because they are clear about it, but they do not want people to know and be able to understand it, that is, they do not want people to have their identity of financial freedom but rather to continue being the same slaves of the system. Those who mine in my country have to be registered with an organization and if not, they simply strip them of all their machines and put them in jail, so that is very unfair, a country will Always have something to sustain itself, but particular economies will not.

Well yeah governments will always be there for regualtions and taxation which is for me it's all good unless not fall in the hands of corrupt politicians. Lucky for me I am in a Bitcoin friendly country as we all know some countries prohibit or has restrictions on trading or possession of Bitcoin.

Be grateful if you are in a country that is friendly to bitcoin, because some of our friends here are in several countries that cannot yet accept the presence of bitcoin and altcoins. My country also legalizes investing in bitcoin and of course we are taxed when making transactions on local exchanges, but this is good for us as citizens who are allowed to invest in bitcoin.

[Faisal2202]

Don't think too much about illegal and legal issues because I have never encountered anyone being arrested for playing crypto, unless there will be new regulations that prohibit everyone from playing crypto, that's what you have to think about.

I think it's not wise to say we should not be worried about the legality of BTC, I know it's legal in most of countries as according to my knowledge only 51 countries have not yet legalized BTC out of 195 (source). And my country is one of these. I also never encountered (live) a person being arrested for only an involvement in crypto. But once I heard this story shared by a Niegrian Citizens on BTT that his bus was stopped by Local Police, and when they checked his phone, they forced him, beat him, and asked him to give them some of the crypto funds he have in his wallet or they will do harm to him. I am unable to find the source link to that now.

Overall, you are right, until the governments don't impose some law against crypto users until then we are good to use it. But still consulting with some lawyer as a neutral person for the information sake, is a best thing. At least a person will have the idea of what tips he should follow in order to safe himself from any unexpected raid or problems.

[|MINER|]

Don't think too much about illegal and legal issues because I have never encountered anyone being arrested for playing crypto, unless there will be new regulations that prohibit everyone from playing crypto, that's what you have to think about.

Maybe that is because of you are living in that country which are friendly to cryptocurrency and that is why people are not getting arrested in your country for crypto but we have still seeing many news on the Internet that those countries where cryptocurrency is illegal people are getting arrested for using Crypto currency or Bitcoin mining. I will say this is the matter of that countries laws about the crypto currency we can't take hand on that. But Bitcoin is not illegal thing it is just a  medium like we use fiat currencies for buying our needs.