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.

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Is it legal in the US to incorporate in a different state to trade cryptocurrencies?

I know this isn't specific to Bitcoin but I thought this community would know best. I live in New York where there are stringent rules about crypto trading. I did a survey of 44 exchanges last weekend ...
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Do exchanges have the ability to look up a certain address?

Do exchanges generally speaking have the ability to look up whether a given cryptocurrency address belongs to an account on their exchange or not, when police investigation commands this?
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 &...
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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 ...
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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" ...
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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 ...
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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 ...
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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 ...
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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 ...
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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'...
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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 ...
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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 ...
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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 ...
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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 a subscription to a website? Irrespective of the ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 / ...
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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 ...
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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 ...
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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?
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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