Jump to content

Is bitcoin legal or illegal in your country?


Mahdirakib87

Featured Comment

Posted

Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. For many reason btc is banned/illegal in many countries. Like China, India, Saudi Arab, Egypt, Qatar etc. Do you use bitcoin being in restricted area?

Posted

In India its not illegal as one can use it freely as of now as recently union minister of state for finance Anurag thakur said and i quote 

Quote

"There is no separate law to deal with issues relating to cryptocurrencies, but “concerned departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”

As RBI (Central bank)on April 6, 2018 issued noticed to all banks dealing with crypto you can check full notifictaion here (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11243)

One can still trade buy and sell crypto using peer to peer platforms :) 

Posted

pff 
do you know how illegal bitcoin can be ?
something in the sort of 
Attention dont watch this video if you are under 18 xD 
they cant do anything about it even if you use it 
they wont even know you are using it :D 
and even if they did what are they going to do 
put ya in jail for owning bitcoins xD ? hahaha 

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

Privacy Policy Terms of Use