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Hi
do you know any UK company did ICO ?
is it legal for a UK company doing ICO or not ?
please help me advice
thank you very much
do you know any UK company did ICO ?
is it legal for a UK company doing ICO or not ?
please help me advice
thank you very much
some ico's are legal in uk so here people using bit coins mostly legally. for that reason here ico's usage is high. but present in the days few people try to using it illegally because they want to become rich early so they have to trying usage of bit coin illegally. for that that country government try to banning it. i think uk people are very smart so they did not do up their. its my opinion.
Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
in my country most of the people using bit coin for buying and selling different different goods. actually they all are doing this tasks legally. no my government given to us permission using of bit coin. if suppose we make a misuse i mean we had to use it illegally then it may banned. otherwise it is not blocked. in my country we are using bit coin but it is not banned up to now.
I'm talking about the money kind of bitcoin.
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
actually i'm new to this forum and i have no bit coins. but i'm trying to earn bit coins. my friends they all properties sell and buy a more bit coins. they are won of bit coins. so then i get inspired about this i want to won some more bit coins in my life and get rich. really bit coin has great demand present its price going to up.i wish to every one buy at least one it coin in their life.
I live in a country in the EU and i tried to get some information about how can i pay my taxes for my btc revenue.
Acording to my country`s legislation:
1.Bitcoin isn`t digital money.
2.Bitcoin isn`t a digital asset.
Acording to the laws,bitcoin is nothing...BUT acording to the same legislation,i`m obligated to pay taxes for all my revenues,including the income from online trading.What if all my income comes from bitcoin trading?
Do i have to pay any taxes or no?Sorry,if this questions is asked here before.
Is this ridiculous?
Acording to my country`s legislation:
1.Bitcoin isn`t digital money.
2.Bitcoin isn`t a digital asset.
Acording to the laws,bitcoin is nothing...BUT acording to the same legislation,i`m obligated to pay taxes for all my revenues,including the income from online trading.What if all my income comes from bitcoin trading?
Do i have to pay any taxes or no?Sorry,if this questions is asked here before.
Is this ridiculous?
yes bit coin is just online digital money it we can't see with our eyes. but has it great demand. suppose if we have paper money we have to submit our property details to the government. but we have bit coin no need to submit any one. it can not see with our eyes. so bit coin is having great demand. in my country bit coin has more value, my country's court's law says who are using bit coin just use it properly in legal way other wise don't use it.
The legality of bitcoin depends on who you are, and what youre doing with it.
There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.
There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.
yes bit coin is legal but few country's mis using it. actually bit coin made in japan. here it is legal people also using for legally. but in some major country's they have to doing illegal business for that reason that country government banned by this bit coins. actually bit coin is a online digital currency it can not seen any one so for that reason most of the people using this one. it is more secure compare to paper currency.
1) Are you used Bitcoin to buy illegal staff 
2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
bit coin is not a currency. so we have to buy anything in the world with use of bit coin. who doing dark business like that people using bit coins. most of the country's not accept bit coin because reason is behind this. so that country government banned it in their country's. really most of the people using bit coin to buy illegal staff. because it has no tax and fee no need to calculations for the government. so most of the people interested for this site.
Reading today a post on onestopbrokers.com from the source theaustralian about paying capital gains tax on selling Bitcoins it seems to me that more and more countries are looking to control the idea of cryptocurrencies. Yes, on one part this is good not only for the "security" of these assets but also for the community in general but on the other hand it seems that the meaning of buying and selling crypto currencies in general but also paying with these assets for purchasing stuff is loosing the meaning of the idea of creating and possessing such assets. It seems that crypto currencies will be "another" currency like the others.
I don't know, maybe I'm wrong because I'm new to Bitcoin and crypto currencies but this is how I feel.
I don't know, maybe I'm wrong because I'm new to Bitcoin and crypto currencies but this is how I feel.
to pay tax on bit coin really it is good. because every day more people investing bit coin for selling or buying so if the government keep tax then that country economy growing to good. because then we have chance who using bit coin legally and illegally so tax on bit coin is very good idea. really i would like to encourage to this act.for paying tax improves that country growth so i like to help in my country growth.
Which African countries allow Bitcoin transactions? Is Bitcoin currently used to purchase items in any African country?
in Africa has no good facilities for doing business. here people earning money but it is sufficient to their daily needs. that country people earning money it is enough to their needs. so they have no chance to earn bit coin. if they earn they did not keep in wallet because they have to use for their daily needs only. so in my point of view Africa is not good to keep hold bit coin.
Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?
What do you think?
What do you think?
no it is not possible because bit coins has limited coins. so then how it can rule to country or world. so it's just trash who can hold bit coin from now to few years like that people get rich. and bit coin has good facility is no tax. if anything we have to buy for that we have to pay tax. for that reason people are interested to buy bit coins and it is profitable also.
am new to forum, I currently use mainstream sites like betfair but as looking to gamble my bitcoins but wondered if dice sites etc need a licensee, and should I steer clear of ones that don't?
no it is not correct to giving license for gambling sites. because then all the people try to do gambling. gambling is not easy issue it is risky process. who want to become rich in easy way and they had no ethical values for doing like that business. so like that people interested to gambling. any government not encourage like this activities it is harmful to society so no one can give licenses for this.
Today (11.10.2017) it was announced that all mining activities and emission of cryptocurrencies will be regulated in Russia. What will be practical implications? We are planning to do an ICO via a company in Estonia, however, most of the team is based in Russia.
in Russia it may rumors or true. Russian government passed rule that is they have to creating they own new crypto currency and they declare no need to use bit coin. but up to now practically it is not possible. so mostly it is not possible. because we are completely depends on paper currency and crypto currency. so launching new crypto is some difficult. but Russian government not declare up to now about this currency so no worry about this issue..
what are the ways government can apply tax on bitcoin....
how to pay tax on bitcoin..... in any country.....
how to pay tax on bitcoin..... in any country.....
in my country bit coin has no tax. just we have to pay for transaction fee only. in my country we have to buy more bit coins for that we did not pay tax. but we have to pay for transaction fee only. this is my country process but in some country's they have to pay for bit coin tax and transaction fee and all kind of fee. so we try to buy in wich country bit coin price is low. it is better because we have chance to skip tax.
If i sell my bitcoins to a site like coinbase at the end of the year do I need to declare that sale to the vat department and pay the 20% on what i received from coinbase ?
where are you living actually tax completely depends on that country rules and regulations so you have to keep hold you are bit coin in a wallet. then after try to sell it. but it is depends on country tax only. in my country i have to pay tax really it is very high in my country. if suppose how much your bit coin price like it's price high then you have to pay high tax your bit coin price is low then you have to pay low tax. so tax depends on your earning.
Ok. So for the past two months, everyday, I have been reading cryptocurrency news from all around the world. (mostly from news.bitcoin and cointelegraph) and I has summed up my top three over-all supportive and progressive crypto-communities (not just the legal factor). [Feel free to disagree with me or correct my words]
not in any order
DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.
1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.
2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.
3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.
not in any order
DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.
1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.
2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.
3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.
to day in the world number of country's using bit coins. in that japan is one of the best country that country people using bit coins daily in their life and next USA, Singapore, Thailand, Korea, Canada, hong khong, Italy, France, Russia and Australia. these all country's playing major role to using crypto currency. china also one of the country using crypto but in that government banned using crypto currency.
Is it legal to gamble with Bitcoin in the US? Oklahoma? Asking for a friend..... lol
more gamble sites are available in Internet today. so may it happens in some times because bit coin giving more profit for that reason people trying to bit coin business and earning money from that. in us it may happens it's not only part in and other country people also doing like this. gamble is really very frod thing but in this way we have to earn money easily and invest in trading, mining. so most of the people interested in gamble.
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
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
actually bit coin is made for legal business only. so most of the people doing legal business and transferring they money in to bit coin format. in this process they have to earning some more money. so bit coin not only taking legal business doing people but also taking illegal business people. actually they earning millions of money in they illegal business so in bit coin investment doing both legal and illegal business people.
At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )
but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .
Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .
but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .
Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .
most of the people saying bit coins are illegal but its fake. bit coins are made for legal process purpose. but somebody misusing bit coins in illegal process. it may happens mostly in Asian country's. here in more country's stupids can use bit coins for illegal business purpose. but bit coins are legal, when government declare directly it is legal up to now like this comments are not enough.
Bitcoin Users Get Dedicated Tax Reporting Software in US
https://cointelegraph.com/news/bitcoin-users-get-dedicated-tax-reporting-software-in-us
Blockchain Software as a Service startup Node40 has released its cryptocurrency tax reporting product for Bitcoin users.
Having initially been available for Dash traders, the companys Balance software is now able to to calculate Bitcoin gains for tax reporting purposes precisely.
The tool is a direct response to increased scrutiny from US authorities, not least among which the IRS ongoing battle with Coinbase amid surging user numbers.
The IRS Coinbase summons motivated Dash owners to use our service and get their records in order for the 2016 tax season, and Bitcoin owners have well and truly been put on notice, CEO Perry Woodin said in a press release about the launch.
The voluntary compliance rate for United States citizens is over 80 percent, which makes it obvious that most people take reporting their tax liability seriously; we believe Bitcoin users havent had the right tools available yet.
Users will initially have to transfer coins to an Electrum wallet to use the tax reporting service before it is made available more widely.
Coinbase debacle
It is still problematic for the majority of Bitcoin users to successfully report capital gains in jurisdictions where doing so is legally required.
Statistics which surfaced as part of the IRS-Coinbase debacle suggested only several hundred US traders report each year, while the overall numbers transacting with Bitcoin are now in the millions.
Even as digital currency matures and more mainstream investors jump aboard, we believe that Bitcoin will permanently remain a form of property, Woodin continued.
Having initially been available for Dash traders, the companys Balance software is now able to to calculate Bitcoin gains for tax reporting purposes precisely.
The tool is a direct response to increased scrutiny from US authorities, not least among which the IRS ongoing battle with Coinbase amid surging user numbers.
The IRS Coinbase summons motivated Dash owners to use our service and get their records in order for the 2016 tax season, and Bitcoin owners have well and truly been put on notice, CEO Perry Woodin said in a press release about the launch.
The voluntary compliance rate for United States citizens is over 80 percent, which makes it obvious that most people take reporting their tax liability seriously; we believe Bitcoin users havent had the right tools available yet.
Users will initially have to transfer coins to an Electrum wallet to use the tax reporting service before it is made available more widely.
Coinbase debacle
It is still problematic for the majority of Bitcoin users to successfully report capital gains in jurisdictions where doing so is legally required.
Statistics which surfaced as part of the IRS-Coinbase debacle suggested only several hundred US traders report each year, while the overall numbers transacting with Bitcoin are now in the millions.
Even as digital currency matures and more mainstream investors jump aboard, we believe that Bitcoin will permanently remain a form of property, Woodin continued.
https://cointelegraph.com/news/bitcoin-users-get-dedicated-tax-reporting-software-in-us
I think on bit coin has no tax.maximum no tax on bit coin in my country. if we have any other property like land, house, business and others on that we have to pay tax. but on bit coins has no tax. for that reason most of the people changing their money in to bit coins form.
Hey,
Does anyone here have any experience relating to bitcoin gambling and taxation in the UK? Have just received a letter saying that I'm being investigated for supposedly 'running an online business'. All the money being moved in and out of my bank account has been done through bitcoin gambling, no significant trading or anything of the sort but I'm not sure how I can prove all of this to HMRC as effectively all I have is my bitcoin wallet's transactions.
Anyone who can help would be greatly appreciated.
Thanks.
Does anyone here have any experience relating to bitcoin gambling and taxation in the UK? Have just received a letter saying that I'm being investigated for supposedly 'running an online business'. All the money being moved in and out of my bank account has been done through bitcoin gambling, no significant trading or anything of the sort but I'm not sure how I can prove all of this to HMRC as effectively all I have is my bitcoin wallet's transactions.
Anyone who can help would be greatly appreciated.
Thanks.
gambling is so risky to start business. if we take step in that we have to face lot of problems.in the uk gambling is not possible. once police may find it then we have to face more problems.
Re: Legality of BTC gambling sites in regulated countries.
Nowadays there are a few countries where online gambling is regulated and people from that country can only play on regulated sites. For example, in Spain you can only play in .es sites, like pokestars.es, bwin.es and so on. If you are from France you can only play in .fr sites, like pokerstars.es. In Italy, you can only play in .it sites, and so on.
That is when we talk about FIAT but I have been trying to find info about the legality of playing in bitcoin sites if you are from one of those countries but I cant find any clear information.
There seems to be a loophole.
Any of you know anything about it?
That is when we talk about FIAT but I have been trying to find info about the legality of playing in bitcoin sites if you are from one of those countries but I cant find any clear information.
There seems to be a loophole.
Any of you know anything about it?
it would be depends on the country government rules and regulations.in my country it is nor legalized. in my country were betting on horse race, cards game, and cricket betting and they will keep in the jail or giving them fine.gambling is totally prohibited in my country but in some places it may running with politicians support and other richest persons support.