Questions tagged [legal]
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.
194
questions
0
votes
2answers
59 views
Why do several exchanges not comply with KYC regulations
I am doing a research project about Crypto regulation. From what I read, Know Your Customer and Anti-Money Laundering compliance from exchanges are legally required in the US. However, a quick search ...
0
votes
0answers
20 views
Invested in a crypto fund called Xvest.co [duplicate]
I invested in a crypto fund called xvest.co Everytimei ask for payout they ask for withdrawal fees. They say ithas to be paid to confirm the transaction. They also share a transaction id saying that ...
0
votes
2answers
80 views
Is it true that a cryptocurrency exchange could freeze any account with suspicious bitcoins?
You are a law-abiding citizen and you have no idea how the bitcoins that you own now were used before. However, there is always a chance of getting "dirty" bitcoins that were used by ...
0
votes
0answers
30 views
Is there some known LEGAL trick to get out of having to pay Bitcoin taxes for a non-rich person? [duplicate]
I live in Sweden. The demented, people-hating government is demanding 30 % of all profits whenever I touch my Bitcoin in any way, meaning in practice ~30 % of the sum, period.
This means that, not ...
1
vote
2answers
59 views
What are the implications of El Salvador's legal tender law to bitcoin's legal classification in other countries?
It is my understanding that foreign currencies have a specific legal framework in many jurisdictions, for example that an exchange from one currency into another is not subject to tax. At the same ...
17
votes
7answers
8k views
How can government "seize" bitcoins?
Last year the U.S. Department of Justice posted this press release claiming U.S. "law enforcement seized several thousand Bitcoins on November 3, 2020."
How is it possible for anyone to &...
0
votes
1answer
87 views
If I buy a house for Bitcoin directly, do I owe the government taxes in Bitcoin or in fiat? [closed]
If Sue buys a house for 1 Bitcoin, that is, giving the 1 BTC directly to the person selling the house (no fiat involved), does she have to pay a % of that in Bitcoin to the government, or do they ...
0
votes
1answer
84 views
How can I determine how much "gains" I've had from Bitcoin?
I bought a bunch of BTC in early 2013. Since then, I've bought very small parts of Bitcoin every now and then up until now, for much larger (and increasing) price.
Many of those "original" ...
0
votes
1answer
35 views
Do I need to register my shiny new Crypto with some agency if I want to pay someone with it? [closed]
While I am guessing that, as most anyone can create a crypto and sell it or accept it as a form of payment, that it would be legal to give crypto as a form of payment (as bitcoin originally did with ...
0
votes
0answers
72 views
What is it that frees Bisq from all these KYC/AML laws and regulations?
I feel as if I should probably not ask about this, and instead just quietly go on using it in my little corner, not bringing any attention to its existence, but I still must ask:
What is it that ...
0
votes
1answer
96 views
What to do when you genuinely don't understand anything about taxes, yet are apparently expected to pay them for your Bitcoin?
I've just read a massive webpage from Swedish Tax Agency about Bitcoin. I'm not trying to "be cute" here, but I must say that I didn't understand a single thing of it. I understand Swedish ...
1
vote
1answer
137 views
Why do people claim that governments cannot confiscate Bitcoins?
Let's say that I practice impeccable data security processes using dedicated devices, encryption, and no clear-text backups. Even if they cannot find all of my backups, this doesn't protect me from ...
1
vote
2answers
86 views
Copyright claim to Bitcoin Whitepaper
As you might know Craig W.(rong) is currently trying to «get» ownership over the BTC Whitepaper. I know this venture might seem ridiculous and harmless, but I believe it can be dangerous because of it'...
0
votes
1answer
49 views
Could the "pizza guy" sue now had he not received the pizza? [duplicate]
Let's pretend the guy that spent 10k BTC on a pizza in 2010 did not receive his pizza back in the day (basically got scammed). He shrugged it off as it was only ~20$.
He forgets about it, and notice ...
0
votes
2answers
41 views
Is accepting Bitcoin as a gift save?
I've got certain amount of mBTC from a person I don't know well (we've never met in person, although we chat online from time to time), in the form of them giving me the key for getting access to the ...
0
votes
0answers
31 views
Bitcoin Core Desktop Wallet retaining my coins due to Gap Limit being exceeded
trying to send coins am unable to enter address. have to load from clipboard, cannot copy and paste, address bar goes red, disables send functions. i explore reasons, seems 20 unused address gap limit ...
2
votes
1answer
58 views
Can a wallet/exchange provider ask for transaction details
My question has two parts,
Am I obligated to share transaction details with my wallet/exchange provider for any payment I made to an individual, like subscription to a website?
Irrespective of the ...
2
votes
2answers
56 views
How is it legal to award miners with coins made out of nothing?
I understand that block rewards are made out of nothing but say a miner wants to cash out on all of their bitcoins... this will lead them to obtain, let us say, the USD equivalent of all the bitcoins ...
2
votes
1answer
86 views
Bitcoin Private Key question
Thanks for your great content. I've got a question regarding Bitcoin Private Key.
If a hacker stole a Private Key and took possession of the coins by entering the Private Key into his own preferred ...
0
votes
1answer
383 views
How to turn my bitcoins into legal money
For a while now I have been mining and have now got 5 Bitcoin which I'm ecstatic about as it means once I have the money for it, I'll be £13k richer and can put a deposit down on a house.
Whilst I ...
1
vote
0answers
51 views
Bittrex toke my BTCP tokens [closed]
As some of you recall, we had the BTC ZCL fork this year. For those who had the ZCL on the Bittrex wallet, they were convert to BTCP, but Bittrex wasn´t trading, but it was allow to keep those tokens ...
0
votes
1answer
3k views
Is there a way to report/shutdown a Bitcoin Criminal/Bad-Actor?
I received a SPAM/Phishing/Blackmail email demanding payment to a specific Bitcoin wallet.
BTC: 15vUqauqHybEPvXYLv97WW4XwM2YHXYC1d
How can this criminal be shutdown?
If legal action is ...
0
votes
1answer
53 views
Reject transaction because of illegal data
We already know there is illegal data on the blockchain and it will be on there for ever.
That got me wondering about the potential legal implications for miners, since they are technically endorcing ...
3
votes
3answers
464 views
Does it make sense to design a mutable blockchain? [closed]
I work in a large consulting firm which is marketing a mutable blockchain solution to its clients. But I personally fail to grasp any advantage of using a blockchain design if you are discarding ...
2
votes
1answer
87 views
How would a governmental Bitcoin ban work in practice?
How does a potantial Bitcoin ban work in practice in a regime that a.) at least partially allows access to the Internet, and b.) has at least one payment system that is not closely monitored by the ...
2
votes
1answer
41 views
Accepting Bitcoin for Services Rendered with Legal Verbiage on Set Coin Price
I accept Bitcoin and Ethereum for consulting work, but would like some feedback for Service Type Agreements that span upwards of a 1-year in an enterprise setting. What's the best method for ...
1
vote
1answer
81 views
How come a company partners with Bitcoin?
I was checking out the Bitcoin website, and I've noticed something that I can't stomach :
The Bitcoin network is growing at an impressive rate and Bitcoin.com
is forming new and lasting ...
1
vote
2answers
103 views
What is the source of bitcoin value?
From what I understood, the economic intrinsic value of Bitcoin as a currency is based on the "CPU-work" required to produce them. That is what makes Bitcoin rare enough to qualify as a currency. Is ...
2
votes
2answers
133 views
Blockchain and user rights to ask for personal data removal
Some countries (France with the CNIL, and more generally European - but probably many other - countries) have laws that give the right to users of online services to ask for permanent unsubscription / ...
0
votes
1answer
51 views
Does Bitcoin have a legal expert/team that does their work? [closed]
Does Bitcoin have a legal expert/team that does their work? (yes, they - a group of interested individuals (the Bitcoin team) even though they have no formal association - are a decentralized network ...
2
votes
0answers
456 views
How do exchanges like ShapeShift, Changelly or Evercoin cope with KYC/AML regulation?
They don't require any information about their users. Most of the exchanges require user identification: so even though exchanges like ShapeShift might have corporate account on the large exchanges ...
2
votes
4answers
963 views
If someone bought an old computer and found Bitcoins in it, could they use it (legally)?
Let's say someone bought a used computers which has a copy of a bunch of Bitcoin keypairs. Is he legally allowed to transfer them?
Is this case analogous to finding a pile of cash inside a used bag?
0
votes
1answer
83 views
Can Bitcoin be "shutdown" if energy consumption for mining is heavily regulated?
Can Bitcoin be "shutdown" or heavily hampered if energy consumption for mining is heavily regulated? Can transactions still be processed if mining for new coins is hampered? I am thinking it would be ...
1
vote
1answer
42 views
What legal items should I know about if I am piggy-backing off of another bitcoin exchange?
I am thinking of starting a crypto exchange in the US, and I am piggybacking off of AlphaPoint's exchange for liquidity's sake.
What legal documents should I be aware of if I am piggy-backing? FinCEN ...
1
vote
0answers
61 views
Do bitcoins count as income in the UK?
I am interested in mining bitcoin here in the UK. I have done a quick search and cannot find anything relevant. If I were to use a cloud mining service to mine bitcoin, would it be counted as income ...
0
votes
0answers
29 views
Legally shuttering miners and full nodes by adding illegal information to blockchain [duplicate]
In many jurisdictions possession or distribution of certain information or content is illegal. Illegal primes, classified information, magnet links to copyrighted torrents, hate speech, outlawed ...
0
votes
1answer
652 views
Is it legal to buy concurrency in USA [closed]
I would like to seek for your help since I would like to have confident answers on the following questions:
(please include links for official websites)
Is it legal to buy & hold currencies (such ...
1
vote
1answer
88 views
Technological contractor for an ICO legal advise
I was recently offered to hire my services to create and maintain a cryptocurrency.
My responsibilities would be to create a website and issue the tokens
While I think the project as some merit, I am ...
1
vote
1answer
517 views
Traveling abroad with my Ledger
In the next months I’m going to travel abroad with my Ledger Nano S. I’ll visit most of the EU countries, Russia, China, Brazil, U.S. and Canada. I’m an EU citizen.
I would like to know which is my ...
3
votes
3answers
635 views
Is buying bitcoin with paypal legal without laundering concerns?
I'm a software developer, and I want to make a website that allows users to sell bitcoin instantly for paypal cash without the hassle of an exchange - I don't even want to make a profit from it. The ...
5
votes
2answers
117 views
Best way to distribute bitcoin to heirs in a will
I see on [bitaddress][1] you can generate a split wallet. That's where multiple parties have to each submit their "share" keys to generate the combined private key.
So the hard part, the math, has ...
1
vote
1answer
188 views
Commodity vs. Currency
Some countries view Bitcoin as a commodity, some see it as a currency (and some ban it, but that's another story).
I read a few articles, but in layman's terms, what are the main differences about a ...
2
votes
2answers
524 views
Pump & Dump communities. Are they legal?
There are several communities that allow anybody take part in their "movements".
They say, for example, that at 7pm GMT they will announce an altcoin name and people would rapidly buy this coin on a ...
1
vote
2answers
133 views
Do cryptocurrency exchange sites work and operate like a regular bank?
I have come across cryptocurrency exchange sites (for example, coinbase, bittrex, etc) and I was wondering if they operate like banks. What are the (usual) legal requirements in order for a site to ...
0
votes
2answers
589 views
Exchange-based vs over-the-counter (OTC)
I read an article about China ban on exchange, which mentions that
... the ban on exchange-based cryptocurrency trades will not extend to over-the-counter (OTC) transactions.
I am confused over ...
2
votes
3answers
384 views
Can my internet provider see I'm using bitcoin core (Russia)
I live in Russia and bitcoin is prohibited here. Can my internet provider see I'm using bitcoin so I will have problems?
UPD: Right now I'm still syncing bitcoin core. Is syncing as dangerous as ...
1
vote
0answers
109 views
Can I raise a lawsuit against a bitcoin wallet provider?
I think I'm not only one on this boat. I have bitfix bitcoin wallet, it's installed on my phone as it's phone's app anyway, it's got option to create login and password so obviously it connects to the ...
-1
votes
2answers
144 views
Indian Government is trying to legalise Bitcoins in India. Why?
The Government of India is trying to legalise bitcoins.
So, say I would purchase 25 bitcoins by paying in Indian Rupees to a 'X' Bitcoin company. In turn, my identity could be know by that 'X' online ...
0
votes
2answers
59 views
Are there any laws that govern the use of crypto currencies in the international law?
I want to start up a Bitcoin exchange in Kampala Uganda but I want to first know what the law says on crypto currencies.
2
votes
0answers
291 views
Is the BTC-e shutdown legal?
The FinCen, dependent of the Deparment of Treasury shut down the BTC-e exchange and prosecuted for:
Violation of anti-money laundering (AML) laws;
Acts of money laundering such as the MtGox scandal ...
