Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎
What you guyz think
Newbie
My take is that, as per our country, Bitcoins are not illegal because there is no law saying it is illegal. Nor is there any law saying any transactions involving Bitcoins are illegal. Hence, it is legal to us for all intents and purposes.
As regards your second question, I do not think that taxing Bitcoins is the necessary effect of it being a legal tender because just like any currency that is backed up by central banks, you do not tax the money per se but the income you derive from it. To put emphasis, it is the income that you tax and not the currency.