Legal issues relating to the use of Bitcoins or similar crypto-currencies. This includes issues of legal compliance with legal areas such as taxation, money laundering, international currency controls, and so on. Please do not ask for legal advice.

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3
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0answers
33 views

Legal status of Blockchain proof-of-existence TX (USA court)

Is there any real USA court cases with Bitcoin's Blockchain used as an proof-of-existence/timestamp service (without BTC transfer)? Can Bitcoin's Blockchain be used as a 'signing' utility same as ...
1
vote
0answers
43 views

Legality of converting bitcoin to euros

Let's say someone running a black market online gained hundreds bitcoins and wants to turn them in euros or dollars. There are a lot of legal websites to do this like btc-e, virwox, coinimal and so ...
0
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1answer
48 views

How does the U.S. government view Bitcoin? Is it money?

How does the U.S. government view Bitcoin? Is it a currency, a commodity, or something else?
0
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3answers
74 views

Can I force my company to pay me in Bitcoin

I just got my bank account closed. Reason: International payment were not supported I don't like to waste my time in bank formalities. I am a programmer. I wish to stay technical for most of the ...
4
votes
1answer
79 views

Can bitcoins be exchanged for nonlicensed “Professional” services?

Can Bitcoins be exchanged for professionally licensed services by persons who are NOT licensed? For those folks, receiving cash would normally be a Blackmarket Racket since only licensees, the ...
0
votes
1answer
105 views

Buying from country A, selling in country B

I was curious as to whether is it legal/allowed to buy bitcoins (from a friend for example) from another country where the value is less and then sell the bitcoins in the UK, for a profit. I'm new to ...
1
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1answer
65 views

Police raid home of bitcoin 'founder'

Recently, WIRED released an article about an alleged creator of Bitcoin being raided by the police. Briefly, the article mention the following: Police raid home of bitcoin 'founder' Craig Steven ...
2
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2answers
69 views

Using Bitcoin ATM in NYC

I'm new to Bitcoin, so I'm grateful for anyone's patience with my perhaps uninformed questions. I live in NYC and I'd like to buy some Bitcoin. I understand that due to a recent law, exchanges ...
3
votes
4answers
137 views

If I were to generate an address and it happens to collide, legally speaking, would a transfer constitute theft?

Let's say that somehow I generate a new address which happens to already be "taken". I realize the chances of address collision are extraordinarily low as per Is it possible to brute force bitcoin ...
2
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1answer
55 views

Are there any publications about deanonymizing Bitcoin?

At the Model United Conference I attend, there is a resolution proposed to de-anonymize BTC in order to cull Darknet transactions. I know it is impossible but how do i prove it to the other ...
1
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1answer
40 views

Any advice for attorney accepting bitcoin?

I just started accepting bitcoin for potentially anonymous legal consultations. Does anyone out there have any advice for how to accomplish anonymous yet legally confidential attorney relations? I ...
7
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2answers
748 views

Is Bitcoin a corporation?

Does Bitcoin have legal status as a corporation? If so, what kind, and in what jurisdiction(s) is it registered?
2
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0answers
20 views

Can I issue digital currencies in instead of shares in a business?

Are there any restrictions as to whether you can use digital currency to fund your new business? Instead of selling stock offer DC for cash?
7
votes
2answers
539 views

Selling copies of blockchain database on disc

Is it ethical / legal / at all possible to burn a copy of the Bitcoin (or any cryptocurrency) blockchain to a disc, and then sell the disc? Would there be any additional issues if we included a copy ...
2
votes
1answer
42 views

Has the BitLicense affected other U.S. state regulators' actions?

What aspects of New York's new BitLicense have most affected New York-based companies already? How have California and other states who are planning BTC policy learned from New York's example? (For ...
1
vote
1answer
39 views

Do foreign bitcoin exchanges need to be liscensed in every US state?

I read something about this, but it seems pretty unenforceable. I understand US-exchanges need to be liscened as money transmitters in every state, but how can US states fine a foreign entity for ...
1
vote
1answer
98 views

Is there a legal way and free way to open a Bitcoin exchange in the United States?

I've been doing some reading on the state of starting a Bitcoin exchange in the United States, and I have a couple of unanswered questions. 1) What are the legal fees and process for starting a ...
0
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0answers
272 views

bitcoin legally avoiding taxes

I was wondering is there anywhere in the world where you can trade bitcoins while legally not paying tax, and that will stay in a state of not taxing bitcoins for a while? I'm hoping to find a ...
1
vote
0answers
83 views

Is it legal to buy things internationally for Bitcoin from India?

I want to buy educational videos from someone in the USA, who offers them privately for sale as a digital download. He accepts Bitcoin. I'm purchasing them from India. Would it be legal for me to ...
4
votes
2answers
102 views

Can you inherit bitcoins without the private key?

Since the private key is needed to validate ownership, how does it work when you cannot access the private key? Say X owned bitcoins and willed it to Y, but Y does not have X's private key. Say X's ...
29
votes
15answers
7k views

I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?

This is, I suppose, a legal question so I should point out that I'm most interested in US and European law. I made a payment to a company for a product more than a year ago in bitcoin. The amount ...
1
vote
1answer
66 views

Can I use my Bitcoins to buy household commodities just like ordinary money?

Can I use my Bitcoins to buy household commodities just like ordinary money? You see, I'm a newbie and have yet to learn the basics including all the facts about Bitcoins. However, I want to be ...
5
votes
2answers
510 views

Are Bitcoin / Cryptocurrency free & paid “Faucets” illegal in the USA?

I was wondering if Bitcoin faucets were illegal in the USA? What about a paid bitcoin faucet where you pay in other coins to get a few cents worth of BTC?
2
votes
1answer
182 views

Are there any tools to visualize where the transactions are coming from and going to?

We spent some time doing the visualization of the transaction flow between bitcoin wallets https://bitviz.visalyze.com and wanted to know if there are any tools that can not only track, but also ...
2
votes
2answers
78 views

what countries accept and refuse BTC as money? [closed]

I am thinking where to find list what countries refuse or accept bitcoin as money? I read Denmark doesn't make tax for BTC because it is not accepted by the state as money. it has and legal ...
0
votes
2answers
128 views

Class action suit against Mt. Gox?

This NY Times article says a Chicago law firm is representing Mt. Gox customers in a lawsuit against that company. I had a small about of bitcoin in a Mt. Gox account. The law firm has not contacted ...
4
votes
1answer
92 views

How to file bitcoin income to the IRS as a nonresident alien

I am a Chinese student in US right now, and my taxation status is Nonresident Alien. Since IRS has announced bitcoin as "property", I just wonder how to define my gains from my sell of bitcoin in ...
2
votes
1answer
20 views

BTC for political donations?

When I am asked to make donations, I assure the requester that I will donate if they accept BTC. Initially, that gets a blank look, but I wonder how it might change if more of us took that approach. ...
3
votes
4answers
88 views

How do I start accepting bitcoins legally in Canada?

I own a business and I want to know how to accept bitcoins for payment and whether it is legal to accept them in Canada? For example, if someone pays me 2 bitcoins for a computer, do I need to charge ...
2
votes
4answers
1k views

Why is it so difficult to track & recover stolen Bitcoins?

I have to admit I don't fully understand the Bitcoin protocol. But from what I do understand, transactions are traceable -- it is the main reason decentralization works: the world can watch and ...
3
votes
3answers
2k views

How safe is my USD deposit at Bitstamp?

With Mt.Gox probably going insolvent/broke in these days, how safe is my USD account balance with Bitstamp? Is Bitstamp as a company registered with some financial institutions? Are customers USD ...
2
votes
2answers
332 views

At what point does the criminal get caught?

Settle an argument for me. Assume a criminal does the following: 1: goes thru trash to find a cancelled check 2: using a wifi hotspot like McDonald's and "Hide my ass" buys bitcoins with stolen bank ...
6
votes
1answer
80 views

Official Canadian source saying bitcoin is not legal tender?

I've been reading a lot that Canada no longer considers bitcoin legal tender. "Only Canadian bank notes and coins are recognized as legal tender in Canada. Bitcoin digital ‘currency’ is not ...
1
vote
1answer
673 views

How old does one need to be in order to mine or use Bitcoins? [duplicate]

How old does one need to be in order to mine or use Bitcoins? Do I need to be 18 years old, or just 13? Is it illegal if a child uses Bitcoin?
1
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1answer
72 views

Does this FinCEN Document mean the Bitcoin Network is a bank?

Read this document and see if you think they are talking about Bitcoin. Here's an excerpt.. Any individual or group of people engaged in conducting, controlling, directing or owning an informal ...
2
votes
1answer
760 views

Is it legal to start a Litecoin mining pool in the US?

My question is this: Given all the regulations in the USA, is it legal for me to start my own litecoin mining pool here in the US?
1
vote
1answer
369 views

What future can bitcoin have if more and more countries will ban it?

As of today, Russia added itself to a list of countries that ban bitcoin operations. So is there a future for bitcoin (and other cryptos) if more countries are going to ban them?
2
votes
2answers
2k views

Correct use of the word Bitcoin [duplicate]

I'm still unsure when to use Bitcoin and when bitcoin is more appropriate. Did anyone define when to use the word Bitcoin with a capital B? Is one used to talk about the currency as in "3 Bitcoin" and ...
6
votes
3answers
242 views

How can I tell whether transactions were (not) made via BitPay / Coinbase?

Background Recently, Rep. Steve Stockman posed for a photo op with his Bitcoin address on a big QR code, which got shared. He has a Bitcoin donation page which asks for identifying info and goes ...
2
votes
1answer
250 views

Is it legal to trade bitcoins on coinbase/mtgox in the US?

I am just wondering whether it is legal to trade bitcoins in the US just like we do for stocks? I see similar legal questions about selling OTC, but I am more interested in buying and selling in well ...
3
votes
2answers
184 views

How can the blockchain survive without an army or other kind of law enforcement?

I'm sold on most of the Bitcoin aspects. I believe that the blockchain has incredible potential value and how the fact that it's decentralized removes a lot of the corruption and cronyism that are ...
4
votes
1answer
329 views

Can I be held liable if a gateway vanishes?

I'm beginning to wonder what my liabilities may be once I start using a system like Ripple. For example if a gateway I'm using (say Bitstamp) suddenly vanishes, could I, as a user of Ripple and ...
1
vote
2answers
4k views

Is it legal to use rented dedicated servers to mine?

I've got several dedicated servers which I'm renting for about 250 Euros from a big hoster (OVH). These server are used for things like ssh/scp, SVN and Git servers (for private repositories), HTTP ...
2
votes
1answer
148 views

Are bitcoin wallets money service businesses (MSB)? [closed]

Do hosted wallet services located in the USA need to register with the fenCEN as a MSB?
4
votes
4answers
2k views

How to file bitcoin income to the IRS

I want to check if there is any specific tips how to properly file income from speculation with BTC to the IRS. Also is there any specific report from the Coinbase available?
-1
votes
1answer
327 views

Is it illegal to trade Bitcoin OTC in the United States [duplicate]

I am considering selling Bitcoin OTC. As far as the legalities go, is it legal to anonymously trade Bitcoin for cash without taking KYC information and registering with FinCEN? I know all the "big ...
3
votes
1answer
232 views

Do bitcoin exchanges based outside of the US who serve US customers have to register with FinCEN as MSBs?

From what I understand, Bitstamp is not registered with FinCEN, whereas Mt.Gox is, does this mean Bitstamp is in danger of being shut down?
-1
votes
1answer
57 views

Does using bitcoins require a “K-1” under some circumstances?

That's it...whenever currencies are traded, the possibility of a K-1 form arises, and since we're dealing with the dollar and the bitcoin here, and some people just trade the two without using them ...
2
votes
1answer
166 views

Tax deduction for US-based employer paying in Bitcoin to overseas contractor

My employer can write off business expenses (my salary) if he pays me via wire transfer, PayPal, Payoneer and some other international payment systems. Is there a tax-deductible method for him to buy ...
-4
votes
1answer
131 views

Bitcoin Casino Questions [closed]

I am developing a bitcoin dice based game. I am located inside the US. Do i did a gaming license to operate. Is it completely legal if not?