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.
180
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2answers
40 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
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0answers
19 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
45 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
53 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
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1answer
81 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
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1answer
355 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
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0answers
48 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
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1answer
2k 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
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1answer
47 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 ...
2
votes
2answers
326 views
Does it make sense to design a mutable blockchain?
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
74 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
40 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
76 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
91 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
128 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
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1answer
50 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
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0answers
453 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
798 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
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1answer
72 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 ...
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1answer
40 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
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0answers
60 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
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0answers
26 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
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1answer
651 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
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1answer
87 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
375 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
605 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
107 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
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1answer
186 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
488 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
131 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
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2answers
586 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
284 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 ...
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0answers
108 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 ...
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2answers
142 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
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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
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0answers
287 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 ...
0
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1answer
317 views
PlexCard Visa : Would it be legal all around the world?
Recently, Plexcoin is to come up in the market with very promising future. Directly, citing from their website, the features include
In comparison to Bitcoin (45 minutes), the transactions (deposit, ...
2
votes
1answer
801 views
Is it legal in Egypt to sell BTC, and is that available there?
My friend from USA is trying to send money to me but he can't do that through Moneygram or WU.
So he asked if it's possible to send the money through Bitcoin.
So, I'm not sure if it's going to work ...
0
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1answer
838 views
How old do you need to be to buy bitcoins in a atm? [duplicate]
I've read all the others Q&A and I haven't found the answer to my question or I haven't noticed. I live in Spain and is there an age restriction to use an btc atm (I'm 16)?
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0answers
2k views
Can I buy cryptocurrency being on H1B Visa?
Can I Buy/Sell bitcoin/Ethereum or get involved extensively in cryptocurrency? If so how much capital can I invest? I am currently on H1B Visa and wanted to get some insight on this. Thanks!
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1answer
231 views
Is it legal to buy Litecoin and sell those within a few minutes?
In US, is it legal to buy and sell cyber currency within a few minutes?
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0answers
40 views
Buying/Operating Bitcoin ATM
I am looking for some assistance in gathering the correct information about starting to buy/run/operate a bitcoin ATM in Los Angeles, CA. I would like to start with one and expand to multiple areas.
...
1
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1answer
494 views
Bitcoin regulation by country
I am looking for a straightforward Bitcoin regulation list accepted in each country. About how it's legal, illegal or denied and if it's legal is there any specific rules in each country?
4
votes
3answers
329 views
If Bitcoin is not controlled by the state, how come in some countries it is illegal?
From my understanding, Bitcoin is decentralized and not controlled by any company or organization (so, for example, no bank is behind Bitcoin).
However, this seems to not be powerful enough to resist ...
0
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2answers
596 views
How can I officially prove that a Bitcoin private key is owned by an entity?
I am the co-founder of an early-stage startup that aims to prove existence of various qualifications (academic, professional...) via the Bitcoin Blockchain.
In order to validate a piece of data, an ...
0
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1answer
61 views
Bitcoin conversion with comingled funds
If hackers convert stolen money into bitcoin and then deposit the money into a regular commercial bank assuming that they stole like 100 million dollars or more, would it be possible for them little ...
1
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1answer
3k views
Is PAN or ID card verification necessary to buy Bitcoin in India?
There are many Bitcoin exchanges in India but all of them require PAN or others documents to validate identity. However, the Central Bank of India i.e. RBI has not given Bitcoin the status of a valid ...
3
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0answers
78 views
What is the legal status of a p2p fee taking App for matching bitcoin sellers/buyers? [closed]
I want to make an App in the US which would help bitcoin sellers to find buyers for cash in a local area. The app would not hold any bitcoin fund, it would only serve as a tool for buyers/sellers to ...
4
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1answer
59 views
Is there a central repository that states a country's latest policy on bitcoin?
The legal status of bitcoin changes from country to country, to include a wide range of policies from acceptance to outright banning it.
6
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3answers
8k views
Do I need to pay taxes if I sit on (do not use) bitcoins?
I've done some reading on the IRS bitcoin guidelines and I'm a bit confused how the capital gains taxes works. If I buy some bitcoins in Jan, the value of the bitcoins double by the of the year but I ...
