Talk:Legality of cryptocurrency by country or territory/Archive 2

Archive 1

Archive 2

Saudi Arabia

I've been informed by a Saudi friend that bitcoin has been declared illegal by the SAMA (Saudi monetary authority). Apparently only in Arabic so far. The middle east is not even on this list. Why? JuanTamad (talk) 00:47, 5 July 2017 (UTC)

It is not on the list because you did not add it  :-) There is already a "West Asia" section where you can add Saudi Arabia. Be sure you have quality citations. - JonathanCross (talk) 19:06, 28 February 2018 (UTC)

Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement around August 15, 2018 through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. citations.

I don't have permission to auto-edit. It is dangerous to leave this misinformation as it is after all this time. --Kiibaati (talk) 07:13, 13 February 2021 (UTC)

References

Brazil

Brazilian instruction regarding income tax which is valid for this year: http://normas.receita.fazenda.gov.br/sijut2consulta/link.action?visao=anotado&idAto=100592 — Preceding unsigned comment added by 201.17.156.197 (talk) 13:23, 4 March 2021 (UTC)

I added the citation to the article. Thank you. Ladislav Mecir (talk) 15:05, 4 March 2021 (UTC)

Semi-protected edit request on 24 March 2021

I want to add the State of Qatar's Status on the legality of Bitcoin usage. Here are some sources:

https://lusailnews.net/article/politics/qatar/08/02/2018/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%85%D9%86%D8%B9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%85%D9%84-%D8%A8%D9%80-%D8%A8%D8%AA%D9%83%D9%88%D9%8A%D9%86

https://thepeninsulaqatar.com/article/07/02/2018/Bitcoin-trading-prohibited-in-Qatar-Central-Bank

https://www.securities.io/qatar-bans-all-cryptocurrency-in-qfc/#:~:text=In%20a%20surprising%20turn%20of,blockchain%20adoption%20in%20the%20region.

as we can see Bitcoin and all cryptocurrencies are banned in Qatar 78.100.177.70 (talk) 20:40, 24 March 2021 (UTC)

I think that should do it. ScottishFinnishRadish (talk) 11:36, 25 March 2021 (UTC)

Semi-protected edit request on 10 April 2021

the Iraqi Central Bank has issued a statement prohibiting the use of cryptocurrencies. It stated that currency traders who carry out transactions in cryptocurrencies will be punished by penalties cited in the country’s anti-money laundering law.[1]

[2] Statement, Central Bank of Iraq, Bitcoin (Dec. 3, 2017), https://cbi.iq/news/view/512 (in Arabic), archived athttps://perma.cc/JG54-PDHV.

You can use the string "512" instead of the URL "https://www.loc.gov/law/help/cryptocurrency/world-survey.php#_ftn512" 188.151.33.195 (talk) 22:21, 10 April 2021 (UTC)

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. EpicPupper 21:19, 16 April 2021 (UTC)

Semi-protected edit request on 18 April 2021

"Change to East Africa, addition of Tanzania"

The Bank of Tanzania issued a public notice in November 2019 advising its constituents "against trading, marketing and usage of virtual currency because doing so is contrary to existing foreign exchange regulations" - citing the Bank of Tanzania Act of 2006 (https://www.bot.go.tz/Adverts/PressRelease/en/2020031307240424208.pdf).

156.158.129.36 (talk) 10:03, 18 April 2021 (UTC)

 Done With some rewording and an additional source. 15 (talk) 12:16, 18 April 2021 (UTC)

El Salvador

Can someone update article with news from El Salvador and implementing Bitcoin as legal tender in El Salvador?--78.102.53.207 (talk) 14:09, 7 June 2021 (UTC)

China section needs to be updated

For China (PRC) change legal to partially legal. https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/

PRC is banning cryptocurrency exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies. Refer also to https://www.forbes.com/sites/jonathanponciano/2021/06/09/chinas-crypto-crackdown-intensifies-with-new-mining-ban-and-censorship-but-bitcoin-is-rallying/?sh=7d6ad557150f 129.246.254.12 (talk) 19:16, 10 June 2021 (UTC)

Discussion of taxation

I think it's best to remove most references to income generated using bitcoin being taxable... this should be quite obvious. Also, the fact that some tax authority stated, "yes, we will tax your bitcoins" is in no way an endorsement of bitcoin being legal in that jurisdiction. For example, in the US, you're supposed to declare illegal income per the IRS, which states, "income from illegal activities, such as money from dealing illegal drugs, must be included in your income." Fleetham (talk) 22:34, 23 February 2015 (UTC)

No, it's not obvious. In the US it was only relatively recently declared as a taxable asset, and the mining itself as potential taxable income. Cryptocurriences were playing fast and loose in the world. The drug analogue does not apply because these were complete intangibles, and they don't even fall under the "ill-gotten gains" IRS option like prostitution can. But I can certainly see how crypto-proponents might want want any reference to taxation removed.𝓦𝓲𝓴𝓲𝓹𝓮𝓭𝓲𝓪𝓘𝓼𝓝𝓸𝓽𝓟𝓮𝓮𝓻𝓡𝓮𝓿𝓲𝓮𝔀𝓮𝓭-𝓟𝓮𝓮𝓻𝓡𝓮𝓿𝓲𝓮𝔀𝓮𝓭𝓜𝓮𝓪𝓷𝓼𝓡𝓮𝓿𝓲𝓮𝔀𝓮𝓭𝓑𝔂𝓟𝓮𝓮𝓻𝓼𝓞𝓷𝓵𝔂 (talk) 13:55, 24 June 2021 (UTC)

Semi-protected edit request on 4 September 2021

in Tunsia bitcoin is legal now and source is http://www.attessia.tv/news/nation/778769/%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%AF%D9%82%D8%A9-%D8%B9%D9%84%D9%89-%D8%AA%D9%82%D9%86%D9%8A%D9%86-%D8%B9%D9%85%D9%84%D8%A9-%D8%A7%D9%84%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D9%81%D9%8A-%D8%AA%D9%88%D9%86%D8%B3 105.108.88.57 (talk) 15:48, 4 September 2021 (UTC)

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. Tol (talk | contribs) @ 19:51, 7 September 2021 (UTC)

Semi-protected edit request on 30 September 2021

Update please 5.43.243.159 (talk) 16:10, 30 September 2021 (UTC)

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. —Sirdog (talk) 17:44, 16 December 2021 (UTC)

Semi-protected edit request on 16 December 2021

Reference 13 directs to the Library of Congress About section. The intended document may be https://www.loc.gov/item/2021687419/ Kaemo42 (talk) 08:39, 16 December 2021 (UTC)

 Done —Sirdog (talk) 17:44, 16 December 2021 (UTC)

References

#2819

Can I withdraw my bit coin 209.222.160.45 (talk) 11:15, 15 January 2022 (UTC)

So, is bitcoin legal in North Macedonia?

Hm 77.28.232.196 (talk) 15:39, 15 January 2022 (UTC)

Capitalization of Bitcoin in page title

Much like capitalization of Internet, the way the original paper is designed, you're probably gonna irritate Satoshi Nakomoto (satoshin@gmx.com)! — Preceding unsigned comment added by 207.81.187.41 (talk) 04:13, 4 January 2022 (UTC)

Edit: looks like the page title changed "bitcoin" to "cryptocurrency." --207.81.187.41 (talk) 02:13, 24 January 2022 (UTC)

Semi-protected edit request on February 1, 2022 and again on February 5, 2022: Russia update

Because article is now semi-protected, can someone update situation in Russia? Their Ministry of Finances proposed regulations instead of complete ban and even Vladimir Putin spoke in favour of crypto-mining and regulation instead of ban.--78.102.112.124 (talk) 20:29, 1 February 2022 (UTC)

Any chance for update???--78.102.112.124 (talk) 16:41, 5 February 2022 (UTC)

Here’s a reliable source saying (if I understand correctly) that the Russian government and the Russian Central Bank agree to recognise Bitcoin and other cryptoassets as currency.

@A455bcd9: Hi, could you take a look? Thibaut (talk) 11:12, 9 February 2022 (UTC)

Another source, this time in English (and not a pro-crypto outlet). --Thibaut (talk) 16:36, 9 February 2022 (UTC)

 Done

Even though per WP:NOTNP, I wonder if we should mention these developments. Once the law is enacted it would be better to clean up the section and only include the legal framework in force. A455bcd9 (talk) 16:43, 9 February 2022 (UTC)

Semi-protected edit request on 3 March 2022

The Dominican Republic government is NOT hostile towards bitcoin (see Legal_status_of_bitcoin.svg). You can deposit to Binance via Banreservas which is a bank controlled by the government. Hectorlf1 (talk) 00:48, 3 March 2022 (UTC)

 Not done: please provide reliable sources that support the change you want to be made. ScottishFinnishRadish (talk) 00:55, 3 March 2022 (UTC)

Lugano

Lugano just made bitcoin legal tender 2603:800C:3942:1D00:9C41:4A91:F87B:4580 (talk) 15:56, 7 March 2022 (UTC)

Semi-protected edit request on 12 March 2022

In File:Legal_status_of_bitcoin.svg, the Dominican Republic (in the Caribbean, next to Haiti) is permissive on the use of cryptocurrency. Swift transfers can be made via local bank (Banreservas) to Binance. Hectorlf1 (talk) 21:05, 12 March 2022 (UTC)

 Not done: please provide reliable sources that support the change you want to be made. ScottishFinnishRadish (talk) 04:06, 13 March 2022 (UTC)

Update map

Update map with adoption of BTC as legal tender in the Central African Republic.--78.102.112.124 (talk) 14:37, 2 May 2022 (UTC)