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Aren't bitcoins now illegal in Jordan? — Preceding unsigned comment added by 71.178.10.246 ( talk) 20:04, 11 March 2014 (UTC)
The table (last entry) says that Vietnam allows BTC, but the map on the top of the page displays Vietnam as being red (not allowed). My Photoshop skills are pretty bad, could someone update the map? — Preceding unsigned comment added by 99.224.69.52 ( talk) 21:54, 23 March 2014 (UTC)
http://www.coindesk.com/fear-russian-ban-bitcoin-moscow-conference-cancellation/
-- Crossswords ( talk) 16:24, 15 April 2014 (UTC)
"A few things should be noted. Russia did not legally 'ban' Bitcoin.
The statement issued can be interpreted as a position of digital currencies relative to the legal framework. What it said can be understood as “bitcoin is not welcome”, as Russia to date has not taken any definitive steps toward implementing the ban.
Many media outlets reported on the 'ban,' but today you can still buy bitcoins in Russia without any issues."
I see the following Errors:
Further sources:
http://www.loc.gov/law/help/bitcoin-survey/
— Preceding unsigned comment added by 84.135.18.106 ( talk) 19:07, 20 July 2014 (UTC)
I noticed you have no section for Cambodia.
http://www.phnompenhpost.com/business/nbc-won%E2%80%99t-recognise-bitcoin
Bitcoin is not considered currency, but is also not banned. Right now the bitcoin community in Cambodia is too small to warrant much government attention though. — Preceding unsigned comment added by 24.19.44.12 ( talk) 01:54, 21 September 2014 (UTC)
Russian Deputy Finance Minister Aleksey Moiseev announced in September 2014 that strong legal restrictions in Bitcoin are coming. Noted this in article and changed Russia from green to yellow. The map should change, too; it's getting out of sync with the list. John Nagle ( talk) 00:29, 30 November 2014 (UTC)
The cited article about Iceland only discusses foreign exchange of Bitcoin in Iceland. ( Here is a link through translate.google). It doesn't address domestic use of the currency. Unless a source verifies that it cannot be used within the country, its status should be changed from illegal to restricted. Agyle ( talk) 14:41, 8 March 2014 (UTC)
I believe, Russia should be out of this list. The Ministry of Finance announced proposals to ban the issuance of bitcoin and any operations involving cryptocurrency. But it is not approved yet, so in fact bitcoin in Russia is in "grey" zone rather than in "black". Sr.ganador ( talk) 01:25, 20 February 2015 (UTC)
I checked the citation: http://www.europarl.europa.eu/RegData/bibliotheque/briefing/2014/140793/LDM_BRI(2014)140793_REV1_EN.pdf there is nothing about Bangladesh there! — Preceding unsigned comment added by Sr.ganador ( talk • contribs) 03:30, 21 February 2015 (UTC)
I think it's best to remove country entries from the legality chart if there isn't concrete information about the legal status in that nation. While it's easy to say, "bitcoin is clearly legal unless someone says otherwise," some countries, such as Russia I believe, have existing laws that apply to and prohibit bitcoin such as bans on private currencies. Also, including countries that have yet to "weigh in" with regulation or bans may mean that the article quickly becomes out of date and provides unreliable info. Fleetham ( talk) 22:05, 23 February 2015 (UTC)
The claim that Bitcoin is/was illegal in Thailand, perpetuated in the article's table and lede, is a myth. Its origin is a blog post by a specific Bitcoin company in Thailand - https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/, which was then misleadingly reported in various sources. It might be a fabrication, but even if we believe their report on what was told to them in private, there was no official public statement at the time. Furthermore, the Bank of Thailand does not have the authority to declare Bitcoin illegal.
I'm inclined to correct these errors in the article. -- Meni Rosenfeld ( talk) 16:16, 24 March 2015 (UTC)
In my opinion, this formulation violates the WP:BALL policy. The source does confirm that a russian official promised such an event, but it also confirms that another official source, Russia’s Ministry of Economic Development, expressed a different, opposite opinion. Ladislav Mecir ( talk) 06:34, 18 May 2015 (UTC)
Whether the use of bitcoin has been "discouraged" or not is irrelevant for legality. Ladislav Mecir ( talk) 23:17, 16 June 2015 (UTC)
The techinasia source cited to confirm that bitcoin is "illegal in Indonesia" cites another source for its findings, namely dailysocial, which observably confuses the statement that bitcoin is "not a legal tender in Indonesia" with a statement that bitcoin is "illegal in Indonesia". Ladislav Mecir ( talk) 23:09, 16 June 2015 (UTC)
In Indonesia, bitcoin is not banned and is not illegal. Bitcoin Exchange in Indonesia (Bitcoin.co.id) has been listed as top 15 bitcoin exchange in the world. Base on Indonesia Central Bank, Bitcoin is not legal tender but it allow anyone to use it under their own risk. — Preceding unsigned comment added by Funchiestz ( talk • contribs) 08:57, 18 June 2015 (UTC)
Pacerier ( talk) 09:41, 17 October 2015 (UTC): ❝
❞
The column "Legal?" doesn't explain what that term means, so the "Yes", "No", or "Restricted" answers are vague and pretty arbitrary. For example, the US says "Yes" while India says "Restricted" for a pretty similar policies, and the only "No" is for Iceland which seems extremely dubiously applied, since they restrict only foreign trade of bitcoins.
I'd suggest removing the column. An alternative would be to add a clear definition of what it means, or to replace it with different columns with specific descriptions, for example:
For the most part though, information on a particular country seems best handled with a short paragraph. Most countries for which this list cites sources have said little, with none of it binding; most commonly it is just to say that they don't consider bitcoin to be legal tender or "money".
–– Agyle ( talk) 23:22, 10 April 2014 (UTC)
I've seen this diagram in various places, and I wanted to add a factual disputed tag since this diagram seems to be spreading a lot of misinformation. Specfically, the Chinese authorities have restricted the ability of banks to do bitcoin business, but the restrictions on bitcoin usage aren't different from the ones that are being imposed by authorities on other banks. Chinese banks work on a "black list" (do not do these businesses) whereas banks in other places operate on a white list (you have to have specific authority to do these businesses). So Chinese banking officials have to specifically say "don't do business in bitcoin" whereas most other countries just withhold authority.
I don't think it is possible to create a chart that says "legal/illegal". The question is "legal/illegal" for what, and even then you have to figure out how each countries banking laws work. For example, it would be illegal right now for a US commercial bank to trade bitcoin (or socks or concrete), because they need specific permission from the US banking authorities to do so. Roadrunner ( talk) 05:20, 27 May 2014 (UTC)
The legal status of cryptocurrencies in many countries is best described as "undecided": while not explicitly prohibited, they are not explicitly allowed either, and have no clear legal status. In the US, for example, the IRS and the FTC view cryptocurrencies as valuable property, the USMS has conducted an auction of seized bitcoins; but there is still no regulation on their use, and regulation that is being proposed may impeded some of their current uses. By the way, the USMS explicitly said in that auction's manifesto that "The USMS does not make any representations or warranties regarding Bitcoin." [1] -- Jorge Stolfi ( talk) 17:42, 29 September 2014 (UTC)
Fleetham and Ladislav Mecir, thank you for your persistent, and may I say, harmonious ? work on this page ! I think it is in much better shape than one year ago, and clearly because of your input. Not being an active editor on this page, I want to ask your permission, knowing how particular you can be with bold edits :-) to take the present box warning down:
Of course there are (always) details to fix, but in general this article's listed sources are reliable and its factual accuracy is not disputed, has not been disputed on this talk page or elsewhere as far as I can see.
If anything, I find the lede is not in sync with the body, containing stuff that should go into the body, which needs a new section on "legality" IMO. it would deserve {{lede}}, however the lede is easy to fix, you are active on this page and now you know.
Your thoughts? Again thanks! barnstars are on their way...-- Wuerzele ( talk) 15:06, 15 October 2015 (UTC)
Okay, well as a compromise how about keeping an easily referenced list like the one the article has now but instead of a legal/illegal dichotomy we briefly summarize the extent to which it is illegal? I mean, is simply holding bitcoins illegal or is transacting with them illegal or is using bitcoins as an intermediary step when converting local currency to USD the actual thing that is illegal. Is that understandable and a good compromise? Fleetham ( talk) 13:56, 22 October 2015 (UTC)
Wuerzele wrote this subsection discussing definition of bitcoin legality into the article:
Definition The Legality or legal status of bitcoin, as used in the sections below is an ambiguous summary term encompassing multiple aspects of bitcoin, such as mining, purchase, sale and stockmarket or other financial business transactions. Since such information is largely incomplete for most countries, legality with a "Yes" in the column "Legal?" needs to be qualified by and interpreted with the available sources. A no is unequivocal, however.
Unfortunately, there are several problematic aspects to it, and I do not think the text is suitable for inclusion into the article as is:
Maybe there is a way how to write a definition of legality and overcome these issues without introducing WP:OR into the article, but I did not find it yet. Ladislav Mecir ( talk) 10:29, 27 October 2015 (UTC)
Now illegal:
http://www.thehindu.com/business/vietnam-bans-bitcoin/article5736019.ece — Preceding unsigned comment added by Hippypink ( talk • contribs) 21:42, 25 July 2016 (UTC)
This edit request by an editor with a conflict of interest was declined. The reviewer would like to request the editor with a COI attempt to discuss with editors engaged in the subject-area first. |
As of October 2015 [update], an article 78 was filed in the Supreme Court of the State of New York challenging the authority of the New York State Department of Financial Services to define Virtual Currency and that Bitcoin if not Currency. [1] [2]The case is to be heard on March, 30 2017 by Judge Lucy Billings [3]. Since then, the NYDFS has issued few licenses. [4]
Theochino ( talk) 20:18, 30 December 2016 (UTC)
References
Theochino ( talk) 07:11, 31 December 2016 (UTC)
Theochino ( talk) 07:11, 31 December 2016 (UTC)
Disclaimer: Please sync this list with Legality of bitcoin by country or territory#Alphabetical index to classifications.
@ Ladislav Mecir: Do you know if there's a good source that can be used for most countries? -- David Hedlund SWE ( Talk) 10:08, 19 April 2017 (UTC)
Originally, and with a consensus of editors, the "Summary" section immediately followed the table of contents. David Hedlund moved it to the bottom, and I restored the WP:STATUSQUO by moving it to the original position. David Hedlund made an immediate edit to move it elsewhere again. To not start an edit war, I am asking, on behalf of David Hedlund, whether there is a consensus to move the section from its original position.
The article says:
wherein it declared cryptocurrency exchanges are not allowed and cryptocurrency cannot be accepted as payment for goods and services.
But exchanges isn't regulated even if not endorsed [3.8.1]. The reference also says:
Like the Namibia Dollar or the South African Rand, virtual currencies cannot be used to pay for goods and services in Namibia. For example, a local shop is not allowed to price or accept virtual currencies in exchange for goods and services. Users of virtual currencies should therefore exercise caution when dealing in this type of currencies or when comparing it to e-money. [...] meaning that the user bears the responsibility and the entire risks for transacting in virtual currency. [3.8.6]
So I guess that maybe the status is ambiguous?
https://www.bon.com.na/CMSTemplates/Bon/Files/bon.com.na/c6/c6e59534-4bc8-4730-a091-eaffa172d2e9.pdf — Preceding unsigned comment added by Pslacerda ( talk • contribs) 02:00, 17 November 2017 (UTC)
Pedro Sousa Lacerda ( talk) 02:03, 17 November 2017 (UTC)
The information in this section is out of date and wrong — Preceding unsigned comment added by 49.49.249.77 ( talk) 09:12, 4 November 2015 (UTC)
In this article, sometimes it appears as «legal status», sometimes it appears as « Legal».
I assume that by «legal status» the article aims to define if Bitcoin is defined as a virtual currency or in another way, and which are the applicable taxes and regulations.
Anyway, I am not sure to understand what is meant by « Legal», as usages are regulated sometime by law, sometimes by judges, sometimes by religion or philosophy.
The existence of some legislation neither mean it is authorized nor banned. Some law might authorized it partly or totally, while some others might prohibit it partly or totally.
In particular, dictionary give many different definitions of legal: https://www.thefreedictionary.com/legal
Is this the legal owners of wikipedia advice who decided to say the reader he is allowed by Wikipedia to do Bitcoin speculation? So, what means « Legal» here?
Anyway, as such status is subject to changed, it should be dated and sourced. — Preceding unsigned comment added by 77.193.103.142 ( talk) 21:50, 6 December 2017 (UTC)
In most (if not all) countries, the legal restrictions or endorsements apply to all cryptocurrencies, not to Bitcoin specifically. Therefore, the article should be renamed Legal status of cryptocurrencies. -- Jorge Stolfi ( talk) 17:25, 29 September 2014 (UTC)
It's 2018, we agree with this suggestion. We recommend retitling this to CryptoLaw ( https://medium.com/cryptolawreview/defining-cryptolaw-6461db516c66) altogether. Viapastrengo ( talk) 20:52, 28 September 2018 (UTC)
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/info/en/?search=Legality_of_bitcoin_by_country_or_territory#/media/File:Legal_status_of_bitcoin.png
Status should be changed to:
Please update if you see errors or omissions.
Ideally we should switch to SVG so the map is easy to update. Here is a good map to start with. – JonathanCross ( talk) 09:31, 1 March 2018 (UTC)
Article contradicts itself. Map says it's legal, article says it's not legal. What I can surely say is, that it's legal. Even mining was legally regulated recently. — Preceding unsigned comment added by 2003:CB:DBCD:4500:9423:130A:3184:EE0F ( talk) 23:17, 16 August 2019 (UTC)
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Please add a link to show that the petitioner who questioned the legality of bitcoin in India is one Bivas Chatterjee who filed the petition at the Calcutta High Court. (Source: https://www.ccn.com/indian-lawyer-demands-urgent-regulation-bitcoin-court-petition/) Devduttshenoi ( talk) 09:53, 23 August 2019 (UTC)
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yotk = york 2605:E000:9149:8300:A0EB:2686:820E:42BF ( talk) 14:29, 24 September 2019 (UTC)
after quite some contemplation I have [ reverted] an India related edit, because I dont think it is valuable and I do not trust it was good faith for a first-time editor. I've looked at the 46 page document by Nishith Desai Associates, that the user referenced. by not even pointing to the respective page this forces a tax-law-office-blah-blah down the reader's throat.
I ve asked Goenkas to find a WP:reliable source for the edit, like from the Reserve Bank of India or whatever applies.-- Wuerzele ( talk) 21:51, 24 March 2015 (UTC)
It is illegal to use Bitcoin in India. Please refer news https://economictimes.indiatimes.com/news/economy/finance/draft-law-proposes-10-year-jail-term-for-dealing-in-cryptocurrency/articleshow/69693984.cms?from=mdr — Preceding unsigned comment added by Jayaram.g.2008 ( talk • contribs) 13:55, 20 October 2019 (UTC)
[2] The Indonesian Trade Ministry Futures Exchange Supervisory Board (Bappebti) issued regulation No.5/2019 which includes regulations for cryptocurrency exchanges, as well as, a formal recognition of cryptocurrencies as commodities. Based on the new ruling, virtual currency trading is now legalized in the country.
As part of the new set of laws, Bitcoin exchanges must employ the services of IT security experts and keep records of their transactions for a minimum of five years. Also, one of their servers must be domiciled in the country and they must have clearly defined organizational structures with departments like legal, audit, client support, IT, etc. Onny Widjanarko, a top executive of Indonesia’s apex bank (BI) said that the bank was part of the deliberations that led to the recognition of cryptos as commodities. For Widjanarko, the decision by Bappebti does not negate its ruling against cryptocurrencies as its mandate is the protection of rupiah sovereignty and monopoly within the country.
Speaking to CNBC Indonesia on Friday (February 15, 2019), Widjanarko said:
BI still prohibits bitcoin or crypto as a means of payment. Commodities regulation is not an area of concern for the BI. — Preceding unsigned comment added by Pickypedian ( talk • contribs) 05:28, 4 November 2019 (UTC)
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Angola should be added to the Southern Africa Section. While government officials have advised against the use of Bitcoin, there is no legislation against it and it remains fully LEGAL. Here is a link (Portuguese) to the news report: https://www.youtube.com/watch?v=CxporKEMZY4 71.58.88.221 ( talk) 00:14, 31 December 2019 (UTC)
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Add Mauritius to the Indian Ocean States. Status of Crypto: Legal
Reference:
1. Bank of Mauritius, Public Notice 2007 [3] The notice states: "The Bank will not accept any responsibility in case of any loss which members of the public may incur on account of any dealing in unregulated cryptocurrencies"
2. Financial Services Commission, 2018 [4] The notice states: "In addition, the FSC hereby informs the public and other investors that any investment in Digital Assets and Cryptocurrencies is at their own risks and that they are not protected by any statutory compensation arrangements in Mauritius." Cedroid09 ( talk) 10:46, 3 January 2020 (UTC)
I'd like to suggest adding the UAE. There have been interesting new developments. On 1 JAN 2017 the UAE's central bank published a wide-ranging regulation that appeared to outlaw bitcoin: "D.7.3. Provisions for Virtual Currencies. All Virtual Currencies (and any transactions thereof) are prohibited" Here's the link to the 1 JAN 2017 regulation http://www.centralbank.ae/en/pdf/notices/Regulatory-Framework-For-Stored-Values-And-Electronic-Payment-Systems-En.pdf
Then on 1 Feb 2017 the UAE central bank clarified its position: "In a statement to Gulf News clarifying the regulation, Mubarak Rashid Khamis Al Mansouri, Governor of the Central Bank, said: “these regulations do not cover ‘virtual currency’, which is defined as any type of digital unit used as a medium of exchange, a unit of account, or a form of stored value. In this context, these regulations do not apply to bitcoin or other crypto — currencies, currency exchanges, or underlying technology such as Blockchain.” Here's the link to the Gulf News article: http://gulfnews.com/business/sectors/banking/uae-central-bank-clarifies-virtual-currency-ban-1.1971802
I do not know how to add this to the page. But I believe that with this clarification bitcoin is not legally an issue in the UAE. — Preceding unsigned comment added by Youngjohn14 ( talk • contribs) 12:42, 16 February 2017 (UTC)
Is Bitcoin legal in the United Arab Emirates? There is currently no legal framework surrounding cryptocurrencies. The legality of bitcoin in the United Arab Emirates is permitted, but the government has only said that it is not illegal in the eyes of current laws. Investors and users of cryptocurrencies should be on the lookout for any future changes that the government might issue. However, it seems that they are very keen on blockchain technologies, and it’s like that the UAE will remain a favorable climate for Bitcoin and other digital currencies.
Individuals and businesses could experience trouble with the banking system within the country though as they seem much less enthusiastic about digital currencies. This is likely due to the fear of being involved in money laundering charges thanks to the semi-anonymous nature of crypto transactions. If you are a citizen of the UAE or living there you may have some issues using a bank account to purchase or cash out your crypto. More — Preceding unsigned comment added by Apoorvgupta1619 ( talk • contribs) 18:49, 7 February 2020 (UTC)
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119.42.59.71 ( talk) 18:14, 1 April 2020 (UTC) now supreme court remove ban on cryptocurrency in 2020 on 4th march
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For the map's legend you might want to add gray as "unknown", "no data", or something similar.
For the status in South Korea you might want to add this source (or one of your choice), that covers the latest developments as of May, 2020: [1] XulF ( talk) 02:24, 11 July 2020 (UTC)
References
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Change reference #70 to https://www.nrb.org.np/contents/uploads/2019/12/BitcoinNotice.pdf RJP032 ( talk) 19:44, 20 September 2020 (UTC)
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Change legality status of bitcoin to "contentious" for Morocco. The sources linked in no way mention nor display any clear legal punishment for using Bitcoin. In fact the first company that announced accepting bitcoin as a means of payment, has not received any sanctions since then. The source linked under "...liable to penalties and fines provided for by [existing laws] in force." was translated from french :
L’Office des Changes tient à informer le grand public que les transactions effectuées via les monnaies virtuelles constituent une infraction à la réglementation des changes,passible à des sanctions et amendes prévues par les textes en vigueur.
But it so happens that there is no existing law banning bitcoin from before. So up until the date the government introduces this new law, every press release they have made should simply be taken as a warning. — Preceding unsigned comment added by Zeek1ng ( talk • contribs) 05:23, 18 October 2020 (UTC)
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Change Albania from "No Data" to "Completely Legal" in the Legality Map, because as of 21 May 2020, the Albanian Government passed the law. Source: https://cointelegraph.com/news/albania-approves-europes-most-comprehensive-crypto-law-yet 79.106.209.97 ( talk) 16:34, 15 November 2020 (UTC)
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2001:818:D948:8000:5091:3405:B5A0:F548 ( talk) 21:55, 21 December 2020 (UTC)
Bitcoin have legal constraints in Portugal .