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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3answers
591 views

Defense from Government Intervention

What's to stop a government, say the U.S. government, from saying "Hey, it's okay if you want to use Bitcoins, but you have to use at least version 0.6.3". And then a year later changing the law to "...
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3answers
535 views

Would my ISP consider my Bitcoin client to be a server?

I was reading about Google's Fiber installations, with first deployment in Kansas City. There's a controversy where the terms of service restricts what services can run on their Fiber network. Some ...
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7answers
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Is performing a 51% attack / double spend on Bitcoin illegal?

Suppose I had an ultra large ASIC from the future, and could perform a double spend on the core Bitcoin network. At this point in Bitcoin's development, it is no longer a game - there's real money ...
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1answer
314 views

Has Apple stated its view on legality of apps using alternative electronic payment systems?

An article entitled "Why Apple is Afraid of Bitcoin" discusses Apple's interest in online payments. It also talks about the removal of 2 Bitcoin apps, Blockchain Wallet and BitPak, from the appstore. ...
4
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1answer
577 views

What does the FBI think about Bitcoin, in brief?

Also related: The context of FBI involvement with Bitcoin The FBI document regarding Bitcoin that was leaked in May 2012 is very long. Is there a brief summary of the most important points somewhere?
5
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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 ...
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1answer
1k views

Fundamentals of a Bitcoin Lottery [closed]

I'm relatively new to Bitcoin but love the idea and will soon be accepting bitcoin in my own companies. (We provide online training/e-learning.) But, just for fun I've set up what I would like to ...
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4answers
1k views

Is Bitcoin a currency?

This question seems to be asked every now and then when legal status of Bitcoin is discussed - Is Bitcoin a currency? What are the characteristics that would make it a currency, and what makes it ...
4
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1answer
1k views

What is the story behind MtGox and their French bank?

MtGox has their French bank account closed last year, as the bank stated they aren't legally allowed to undertake the activities they were doing in regards to trading Bitcoins. There have been a few ...
3
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1answer
336 views

What is the story behind US senators wanting to “crack down on Bitcoin” in mid-2011?

There have been two US senators, Charles Schumer and Joe Manchin, wanting to "crack down on Bitcoin" in mid-2011. How did the story start, progress and did it reach any conclusion?
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2answers
429 views

How do lawyers view Bitcoin?

Have there been any articles or presentations about Bitcoins in any influential or respected law-related websites or perhaps interviews with notable lawyers or the like?
4
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1answer
438 views

How do I legally set up an exchange?

I'm asking about legal concerns, not technological ones. If I'm based in the USA, should the exchange be a US company? If not, where should it be based? How is banking set up?
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1answer
3k views

Has any illegal data been saved in the Block Chain?

Has any illegal data been saved in the Block Chain, such as an illegal number, or illegal prime?
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5answers
5k views

Do you have to pay taxes on Bitcoin revenues? [closed]

Disclaimer: this is not legal advice, and this varies from country to country. If you accept bitcoins as payment, do you have to pay taxes on that? And would you have to write an invoice? Since they ...
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9answers
1k views

Is there any way the Bitcoin network could resist a viral tainted-coin tagging system implemented by regulators?

Already it's possible for MtGox etc. to detect spends of coins that have certain well-known thefts in their history. If regulators forced audits on exchanges and key popular merchants, as well as ...
6
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3answers
373 views

What are the qualities of a country that might make it more or less likely to freely allow Bitcoins or crypto-currencies?

As some examples which seem logical to me, but should only be taken as examples: A government that is susceptible to commercial lobbying is probably more likely to be pressured by banks to disallow ...
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3answers
688 views

Is there a list of countries that are not likely to persecute bitcoin businesses?

It seems that at some point countries will start cracking down on Bitcoins. And Bitcoin is designed to handle that. However, are there some countries that are openly friendly to bitcoin businesses ...
21
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4answers
810 views

Is the NotHaus conviction (Liberty Dollar) relevant as legal precedent?

Bernard von NotHaus (the creator of the Liberty Dollar) was convicted of violating a U.S. federal law that forbids the minting of a currency by anyone in the U.S. besides the federal government. ...
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2answers
403 views

Bitcoin Intellectual Property Threats

Are any known threats related to Bitcoin intellectual property? (While unlikely, I guess one long shot threat is that one or more governments would ban the use of the technology.)
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1answer
383 views

What are the dangers of MtGox's trademark over Bitcoin? [closed]

If anyone trademarks bitcoin, shouldn't it be Satoshi, Gavin or one of the people who actually made it instead of some exchange site that's trying to profit from it and faces competition from other ...
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5answers
892 views

Would it be possible to patent Bitcoin?

Bitcoin utilizes a proof-of-work mechanism to assure against double-spending, as well as providing an example opensource implementation. However, some countries allow software patents, which could ...
18
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6answers
3k views

Is it true that Paypal banned Bitcoins, while Google Checkout did not (yet)?

Paypal claimed they were not allowed to sell Bitcoins, while currently it seems Google Checkout is a viable option. So ... what's the story on this? Is this true, and if so does anyone know why?
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2answers
1k views

Tax implications in Canada of buying and selling Bitcoins?

What taxes should be paid in Canada on Bitcoin transactions? Has anyone gotten official advice on this? Is it relevant whether the Bitcoins were mined, received as payment for services, bought and ...
16
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4answers
1k views

What are the legal processes that someone would have to go through in order to get a Bitcoin exchange operational?

One of the main perceived difficulties in getting started with Bitcoin is obtaining some in the first place. Naturally, for an exchange to be accepted into the mainstream it needs to be a recognised ...
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6answers
4k views

What is the current legal status of Bitcoin around the world?

Has there been any concrete information about the legality of Bitcoin in any country? Since any information can be injected into the blockchain, then if child porn / copyrighted material is injected ...