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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.

3
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2answers
101 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
151 views

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) ...
1
vote
1answer
134 views

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 ...
0
votes
1answer
100 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
votes
1answer
65 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 ...
3
votes
0answers
165 views

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 ...
2
votes
0answers
420 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
0answers
277 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 ...
2
votes
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!
2
votes
0answers
27 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?
1
vote
0answers
59 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 ...
1
vote
0answers
101 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
vote
0answers
38 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
vote
0answers
168 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 ...
1
vote
0answers
226 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 ...