Author Topic: Are cryptocurrencies legal?  (Read 264 times)


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Are cryptocurrencies legal?
« on: August 26, 2016, 05:57:21 PM »
Bitcoin in itself has a market cap currently at $10 billion and is priced currently at more than $600 each. The market cap is the total value of a currency across the globe and it is primarily used to transfer funds between people  maybe it be as payment of a certain work , simple fund transfer, gambling etc. Theres no single ruling body that governs bitcoin, it is simply located in the blockchain that is commonly used by millions of people in different countries. It also has an anonymity feature because an address consists of around 30 characters of letters and numbers and since it allows fund transfer to anyone easily, it is a good money transfer program that can be used by anyone who doesnt want their details to be known by the recipient. And since Bitcoin resides in a blockchain just like every cryptocurrencies, it cant be simply removed by any group or even by governments. Cryptocurrencies will still exist as long as someone is using them. Bitcoin are not being used across the world to pay for almost anything, may it be bills, airline tickets, merchant payments, etc. You can also buy bitcoins from different companies that accept local currencies. Some bitcoin companies are even connected to banks for easier conversion of funds making it a government-accepted mode of payment or currency. The only limitation bitcoin and cryptocurrencies have are on countries that have rules against online gambling. In those countries, not only do they ban cryptocurrency from being used in online gambling but any mode of payments as well. The exchange companies are also registered as legal business entities in their respective countries making bitcoin a legit mode of payment. Bitcoin and other cryptocurrencies are only a few of different digital currencies out there like Smart Money, Globe Gcash, Paymaya etc. You may not be able to see them in real world but has Philippine Peso value created by the same companies who created them. Even rewards points are being used almost the same, you can change your rewards points for something of monetary value giving value to these rewards points as well. Our famous local exchange here in the Philippines is a legit company tied up to banks and different merchants and financial institution that allows conversion of Philippine Peso to Bitcoins and vice versa.


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Re: Are cryptocurrencies legal?
« Reply #5 on: April 19, 2017, 02:52:41 AM »
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Re: Are cryptocurrencies legal?
« Reply #6 on: April 24, 2017, 09:50:01 AM »
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Are cryptocurrencies legal
« Reply #8 on: July 15, 2017, 08:34:44 AM »
Can anyone tell me if the BPAL fragrances are pure essential oils, or are they diluted in a base oil?

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« Reply #9 on: August 01, 2017, 07:46:46 PM »
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« Reply #10 on: August 01, 2017, 07:47:59 PM »
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