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3 votes

Pump & Dump communities. Are they legal?

Legality depends largely on jurisdiction, and you didn't specify one. In addition, the regulation of cryptocurrencies is constantly in flux, and even in a given jurisdiction it's difficult to say ...
Jestin's user avatar
  • 8,812
3 votes

Are you considered a money transmitter if your end users sends you their private keys to send funds on their behalf?

That's not a very secure system. You should set up a 1-of-2 multisig address with the user instead and have them send funds to that address. They're still placing a lot of trust in you but they don'...
Treyzania's user avatar
2 votes

Are decentralised exchanges regulated?

Well, first of all, you're asking a legal question, which I don't think really fits on this stack exchange. But let me clarify maybe a few things. First of all, everything will depend on your ...
Steven Roose's user avatar
  • 11.9k
2 votes

Pump & Dump communities. Are they legal?

Therefore, those who managed to buy it early and sell it in time, get profits. Actually, they don't. For three reasons: To execute a pump & dump, you have to keep buying even after the price has ...
David Schwartz's user avatar
2 votes
Accepted

Which country has the most friendly regulatory environment?

Great Britian is a country that many companies moved their bitcoin related business to. One of the the best countries that respect privacy is Switzerland. There are some tax-heaven type countries ...
Comodore's user avatar
  • 568
1 vote
Accepted

What is Operation Chokepoint 2.0?

It is a rhetorical reference to operation chokepoint Unlike the original, there is no evidence that 2.0 exists as a named DoJ project. The phrase "what many are calling" is also a common ...
RedGrittyBrick's user avatar
1 vote
Accepted

Why do several exchanges not comply with KYC regulations

It depends where the selling company is based. If you're able to buy BTC for example in Switzerland (from the US), you can get BTC by just giving them your bank id (also known as KYC-light). You need ...
zerotobtc's user avatar
  • 323
1 vote

Holding Period Algorithms and the Blockchain

My question is, do these holding period algorithms have to correspond to the actual UTXOs being spent on the blockchain? This is likely a question best answered by a qualified accountant, or tax ...
chytrik's user avatar
  • 18.3k
1 vote

Are you considered a money transmitter if your end users sends you their private keys to send funds on their behalf?

It depends. Typically as a money transmitter, you are neither the owner of the transaction nor the beneficiary. You are acting as an intermediary. Whether the funds are pushed to you, or the funds are ...
Faisal Khan's user avatar
1 vote

How does Bitcoin comply to GDPR

Very simply, if a person stores the personal data of another (or, of their own, or, any data) then the law is upon the first party to comply with GDPR or any other law applicable. Bitcoin itself being ...
Willtech's user avatar
  • 3,279
1 vote

How does Bitcoin comply to GDPR

How does Bitcoin respond to the introduction of GDPR? Bitcoin is not a person or legal entity that is subject to law. Only people or businesses using bitcoin have to comply with GDPR. So far as I ...
RedGrittyBrick's user avatar
1 vote
Accepted

Can Bitcoin be "shutdown" if energy consumption for mining is heavily regulated?

Those questions have been answered multiple times. The difficulty depends on the mining power. If there is a regulation and 60% of the miners are away, the difficulty would decrease drasticly within ...
hardfork's user avatar
  • 2,117
1 vote

How hard it is to destroy BitCoin system if the government leaders decide to do this?

since the government controls the physical internet They do not (at least in North America or Europe). The internet is a network of communication. An Internet Service Provider (ISP) can be private or ...
arshbot's user avatar
  • 1,788
1 vote
Accepted

How can a government ban trading in bitcoin since the people can trade in overseas exchange?

They can't entirely ban trading for all of their citizens worldwide, but a government can ban trading within the country itself. This means that it will be much harder for people to trade and thus ...
Ava Chow's user avatar
  • 71k
1 vote

Do cryptocurrency exchange sites work and operate like a regular bank?

Main laws that they do have to comply with are Money Laundering and Terrorist Financing and "Know Your Customer" type rules. This is why when you open an account you have to send ID etc.. These they ...
Anon User's user avatar
1 vote

Bitcoin regulation by country

There is a page on Wikipedia that tracks Bitcoin legality by country or territory. Another one can be found on Coin.dance.
Murch's user avatar
  • 76k
1 vote

Official currencies in Japan

TL;DR: Bitcoin has been declared a legal form of payment which is not the same as an official currency. I think that it may not be clear what a "legal form of payment" means and how this differs ...
Murch's user avatar
  • 76k
1 vote

Rolled out my own no-fiat service. What will the tax man need?

If you receive 500 EUR as a payment, how do you declare it? Easy, you declare it as however much GBP it was at the time. If you receive it as a wire transfer your bank will even make this conversion ...
Савва Бирюков's user avatar

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