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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What additional actions should an ethical Bitcoin-related business take with each transaction?

I'm considering starting an ethical business for users that accepts Bitcoin as a payment. My intent is to abide by all laws and interpret them in an appropriate manner. My intent is to abide by ...
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3 votes
2 answers
115 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 ...
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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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2 votes
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294 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 ...
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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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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?
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1 vote
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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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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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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. ...
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1 vote
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174 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 ...
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1 vote
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236 views

Zero Percent Interest Nonresident Free (Online?) Euro Checking Account with Good Service for Cashing out Bitcoins?

You can cash out bitcoins the cheapest way in Euros, right? I'm from the EU but my country is not in the eurozone, so that's why I need a convenient nonresident euro account. I'm looking for the ...
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1 answer
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When thinking about e-currency in a general sense, what features discourage black market usage, but promote anonymity?

I'm interested in e-currency that discourages black market usage (child porn, meth deals, etc) but allows for anonymous operation (donations to charity, buying a pizza, viagra, or other health issues) ...
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1 vote
1 answer
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Documenting bitcoin cash buys

I've been trading BTC in the UK via bank transfer for a while now and may begin doing cash purchases soon. I've realised that it is critical I document the cash withdrawal as an expense so that I get ...
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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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1 answer
101 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" ...
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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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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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-1 votes
1 answer
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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 ...
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