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.

Filter by
Sorted by
Tagged with
2
votes
3answers
173 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
1answer
492 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?
-1
votes
2answers
130 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 ...
1
vote
0answers
102 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 ...
0
votes
1answer
304 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, ...
7
votes
3answers
741 views

Selling copies of blockchain database on disc

Is it ethical / legal / at all possible to burn a copy of the Bitcoin (or any cryptocurrency) blockchain to a disc, and then sell the disc? Would there be any additional issues if we included a copy ...
0
votes
1answer
797 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)?
1
vote
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?
1
vote
0answers
39 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. ...
4
votes
3answers
319 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 ...
4
votes
1answer
664 views

Is it legal to use bitcoin in a domain name?

Is it legal to use bitcoin in a domain name? Not a sub domain, but in the main domain name.
3
votes
2answers
106 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 ...
0
votes
2answers
485 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
votes
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 ...
9
votes
4answers
1k views

What prevents Bitcoins for being used to avoid taxation?

Today, states can follow money trails and transaction histories, usually involving checking bank accounts. As as I understand, It's impossible for anyone else to read your Bitcoin transactions and ...
3
votes
0answers
76 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
votes
1answer
54 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.
0
votes
1answer
137 views

Who is liable my case or is it a classic hack?

Recently i purchased a Bitcoin from BITX, the South African Exchange for bitcoin. I purchased 28 Bitcoins from BITX. When they sent me the 28 Bitcoins to my Blockchain iOS app, the Bitcoins were in my ...
7
votes
1answer
108 views

How can a DAO seek enforcement of a contract?

If a DAO hires someone to perform a task that is not completed according to contract terms, what is the legal remedy of the DAO. Assuming the DAO is not incorporated in any jurisdiction, can DAO ...
8
votes
1answer
401 views

Legal status of Blockchain proof-of-existence TX (USA court)

Is there any real USA court cases with Bitcoin's Blockchain used as an proof-of-existence/timestamp service (without BTC transfer)? Can Bitcoin's Blockchain be used as a 'signing' utility same as ...
-1
votes
4answers
485 views

Is bitcoin mining a business? [closed]

Just a very quick, and I hope simple question. Is Bitcoin mining classed as running a business? All comments appreciated! Thanks
1
vote
1answer
2k views

How old does one need to be in order to mine or use Bitcoins? [duplicate]

How old does one need to be in order to mine or use Bitcoins? Do I need to be 18 years old, or just 13? Is it illegal if a child uses Bitcoin?
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 ...
3
votes
6answers
779 views

For US Tax purposes, is Bitcoin mining more like property, “work to solve a puzzle” or “winning a lottery”?

From a taxation perspective, I think it's important to clarify if running a Bitcoin mining operation is more like property exchange, labor to solve a puzzle, vs winning a lottery that runs every 10 ...
2
votes
1answer
369 views

Is there a website that tracks Bitcoin taxes paid to local government?

One thing that would further legitimize Bitcoin with government oversight is the payment of relevant taxes to Federal and State government (in local equivalent currency) for e-commerce and mining ...
7
votes
2answers
520 views

How does one document Bitcoin investments for tax and other legal issues?

If Bitcoins are used as a store of value or investment vehicle, what legal documents should the investor require/keep? To date, no jurisdiction has special laws concerning cryptocurrencies, but ...
3
votes
3answers
3k views

Is it possible to detect mining of bitcoins on an enterprise network?

Is it possible to detect bitcoins mined where it may be against an organization's computer usage policy? E.g., Bitcoins mined secretly on corporate or university computers when the policies of the ...
0
votes
1answer
201 views

How does the U.S. government view Bitcoin? Is it money?

How does the U.S. government view Bitcoin? Is it a currency, a commodity, or something else?
5
votes
3answers
505 views

From a legel perspective, are Bitcoins “created” by a miner or the Bitcoin Protocol?

The recent FinCEN announcement said explicitly that virtual currency isn't a "currency" by the standard sense of the word, and shouldn't be regarded as such. Should Bitcoin ever be considered a "...
18
votes
7answers
7k views

Do USA-based miners need to register with FinCEN?

As seen in recent news, FinCEN has issued a statement on its classification of virtual currencies: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Hypothetically suppose I mine ...
0
votes
3answers
235 views

Can I force my company to pay me in Bitcoin

I just got my bank account closed. Reason: International payment were not supported I don't like to waste my time in bank formalities. I am a programmer. I wish to stay technical for most of the ...
3
votes
1answer
261 views

What Bitcoin profitability calculators account for taxation on miner income?

If I were to run a miner, I want to be ethical and pay all relevant income tax and gain all required licensing, etc for my country. My miner income is probably taxed at a 1099 income rate or lower, ...
5
votes
2answers
287 views

If miners pay income tax, could a change in tax laws affect network security?

Assuming that more than half of the Bitcoin miners pay taxes on revenue gained, could a increase in income tax laws (or similar) cause those ethical miners to go out of business? ... and the Bitcoin ...
0
votes
1answer
678 views

Buying from country A, selling in country B

I was curious as to whether is it legal/allowed to buy bitcoins (from a friend for example) from another country where the value is less and then sell the bitcoins in the UK, for a profit. I'm new to ...
4
votes
1answer
123 views

Can bitcoins be exchanged for nonlicensed “Professional” services?

Can Bitcoins be exchanged for professionally licensed services by persons who are NOT licensed? For those folks, receiving cash would normally be a Blackmarket Racket since only licensees, the ...
2
votes
2answers
124 views

Using Bitcoin ATM in NYC

I'm new to Bitcoin, so I'm grateful for anyone's patience with my perhaps uninformed questions. I live in NYC and I'd like to buy some Bitcoin. I understand that due to a recent law, exchanges ...
1
vote
1answer
98 views

Police raid home of bitcoin 'founder'

Recently, WIRED released an article about an alleged creator of Bitcoin being raided by the police. Briefly, the article mention the following: Police raid home of bitcoin 'founder' Craig Steven ...
2
votes
1answer
176 views

Are there any publications about deanonymizing Bitcoin?

At the Model United Conference I attend, there is a resolution proposed to de-anonymize BTC in order to cull Darknet transactions. I know it is impossible but how do i prove it to the other delegates?...
1
vote
1answer
54 views

Any advice for attorney accepting bitcoin?

I just started accepting bitcoin for potentially anonymous legal consultations. Does anyone out there have any advice for how to accomplish anonymous yet legally confidential attorney relations? I ...
7
votes
2answers
862 views

Is Bitcoin a corporation?

Does Bitcoin have legal status as a corporation? If so, what kind, and in what jurisdiction(s) is it registered?
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
1answer
69 views

Do foreign bitcoin exchanges need to be liscensed in every US state?

I read something about this, but it seems pretty unenforceable. I understand US-exchanges need to be liscened as money transmitters in every state, but how can US states fine a foreign entity for ...
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 ...
4
votes
2answers
181 views

Can you inherit bitcoins without the private key?

Since the private key is needed to validate ownership, how does it work when you cannot access the private key? Say X owned bitcoins and willed it to Y, but Y does not have X's private key. Say X's ...
1
vote
1answer
435 views

Is there a legal way and free way to open a Bitcoin exchange in the United States?

I've been doing some reading on the state of starting a Bitcoin exchange in the United States, and I have a couple of unanswered questions. 1) What are the legal fees and process for starting a ...
6
votes
2answers
1k views

Are Bitcoin / Cryptocurrency free & paid “Faucets” illegal in the USA?

I was wondering if Bitcoin faucets were illegal in the USA? What about a paid bitcoin faucet where you pay in other coins to get a few cents worth of BTC?
3
votes
3answers
6k views

How safe is my USD deposit at Bitstamp?

With Mt.Gox probably going insolvent/broke in these days, how safe is my USD account balance with Bitstamp? Is Bitstamp as a company registered with some financial institutions? Are customers USD ...
4
votes
3answers
26k views

What's the minimum age to join or use Bitcoin?

What is the minimum age a person must be to use the Bitcoin service?
1
vote
1answer
90 views

Can I use my Bitcoins to buy household commodities just like ordinary money?

Can I use my Bitcoins to buy household commodities just like ordinary money? You see, I'm a newbie and have yet to learn the basics including all the facts about Bitcoins. However, I want to be ...
5
votes
1answer
407 views

The context of FBI involvement with Bitcoin

A number of articles appeared recently linking to a leaked document about Bitcoin written by the FBI. Bitcoin Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit ...