Why isn't Bitcoin illegal

dragonmax
Posts: 123
Joined: Wed Apr 26, 2017 8:56 am

Why isn't Bitcoin illegal

Postby dragonmax » Sat May 20, 2017 7:12 am

What makes people think that Bitcoin is illegal?

abbot
Posts: 64
Joined: Sat Apr 08, 2017 7:39 am

Re: Why isn't Bitcoin illegal

Postby abbot » Sat May 20, 2017 10:42 am

Probably because Bitcoin is not compliant with Anti-Money Laundering (AML) regulations, FinCEN regulations, Foreign Account Tax Compliance Act (FATCA) regulations, Know Your Customer (KYC) regulations, etc.

Moreover, the currency is autonomous to government/banking influence and there is no authority to regulate the flow of bitcoin which ultimately blows the mind of the average citizen.

paranoidGlitch
Posts: 143
Joined: Wed May 03, 2017 7:38 am

Re: Why isn't Bitcoin illegal

Postby paranoidGlitch » Wed Sep 13, 2017 4:10 am

it is not illegal bcz it is not considered as a real money.

pual
Posts: 77
Joined: Tue Sep 05, 2017 5:59 am

Re: Why isn't Bitcoin illegal

Postby pual » Wed Sep 13, 2017 4:11 am

there is no solid reason to make it illegal if there was the govt have issued a law against it.

phil
Posts: 111
Joined: Thu Apr 06, 2017 8:52 am

Re: Why isn't Bitcoin illegal

Postby phil » Wed Sep 13, 2017 4:12 am

it is illegal cz it is a currency being used in darknet market.

Ray
Posts: 103
Joined: Sat Apr 08, 2017 8:23 am

Re: Why isn't Bitcoin illegal

Postby Ray » Wed Sep 13, 2017 4:12 am

I find it illegal too cz people are purchasing drugs and provided as rewards to dif crimes.

reebrilliant
Posts: 135
Joined: Wed Apr 26, 2017 8:37 am

Re: Why isn't Bitcoin illegal

Postby reebrilliant » Wed Sep 13, 2017 4:13 am

well just because it is being used for illegal purposes didn't make it illegal the traditional currency is also being used for such things as well

Reyes
Posts: 93
Joined: Sat Apr 08, 2017 6:13 am

Re: Why isn't Bitcoin illegal

Postby Reyes » Wed Sep 13, 2017 4:15 am

I agree with reebrilliant!

Reynolds
Posts: 86
Joined: Fri Apr 07, 2017 10:44 am

Re: Why isn't Bitcoin illegal

Postby Reynolds » Wed Sep 13, 2017 4:15 am

bitcoins are still legal because there is no law made against bitcoin.

richardson
Posts: 70
Joined: Fri Apr 07, 2017 5:54 am

Re: Why isn't Bitcoin illegal

Postby richardson » Wed Sep 13, 2017 4:16 am

bitcoin itself is not illegal but its usage can be illegal.

rivera
Posts: 91
Joined: Fri Apr 07, 2017 5:45 am

Re: Why isn't Bitcoin illegal

Postby rivera » Wed Sep 13, 2017 4:16 am

world is trapped in an online web and bitcoin is its currency, so its illegal use can be a serious issue.. ! So it should be banned according to me if the crime rate increases cz of bitcoin.

robb
Posts: 73
Joined: Sat Apr 08, 2017 11:25 am

Re: Why isn't Bitcoin illegal

Postby robb » Wed Sep 13, 2017 4:17 am

bitcoins are not violating any law, so according to me it's not illegal

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