Bitcoin is Not Legal Tender, Says Canada Government Official

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Bitcoin Not Legal Tender in India, Finance Minister Says

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Bitcoin Not Legal Tender in India

Bitcoin Not Legal Tender in India submitted by Lukovka to CryptoCurrencies [link] [comments]

Bitcoin Not Legal Tender in India, Finance Minister Says

Bitcoin Not Legal Tender in India, Finance Minister Says submitted by CryptoCurrency_News to CryptoCurrency [link] [comments]

Bitcoin Not Legal Tender in India

Bitcoin Not Legal Tender in India submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[Business] - Bitcoins not legal tender in Nigeria, NDIC warns | Vanguard

[Business] - Bitcoins not legal tender in Nigeria, NDIC warns | Vanguard submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Bitcoin Not Legal Tender in India

Bitcoin Not Legal Tender in India submitted by Lukovka to bitcoin_uncensored [link] [comments]

Bitcoin Not Legal Tender in India, Finance Minister Says

Bitcoin Not Legal Tender in India, Finance Minister Says submitted by BTCNews to BTCNews [link] [comments]

Bitcoin Not Legal Tender in India, Finance Minister Says – CoinDesk

Bitcoin Not Legal Tender in India, Finance Minister Says – CoinDesk submitted by bitnewsbot to bitnewsbot [link] [comments]

[Business] - Bitcoins not legal tender in Nigeria, NDIC warns

[Business] - Bitcoins not legal tender in Nigeria, NDIC warns submitted by AutoNewsAdmin to VANGUARDauto [link] [comments]

The Russian criminal court rejected the 99.7 BTC claim from the victims because Bitcoin was not recognized as legal tender

The Russian criminal court rejected the 99.7 BTC claim from the victims because Bitcoin was not recognized as legal tender submitted by azcoinnews to azcoinnews [link] [comments]

Correlation of central bank warnings with price chart

My shower thought this morning: we've seen many warnings over the years from central banks around the world about cryptocurrencies. They general warn off banks, citizens, and others from getting involved with or investing in crypto.
I sifted through coindesk and found articles that highlight such warnings, and then correlated those against the price of BTC. Here is the graph:
http://imgur.com/a/1VGPX
Note that there is a big bunching of a relatively high number of warnings in the first half of 2014. This makes sense as it plays into the fears of the Mt. Gox collapse. Then there are a few scattered warnings over the next few years.
What is striking to me is this: had the central banks instead possessed any kind of enlightened understanding and selfless disposition, they would have been encouraging citizens to acquire small amounts of crypto investments. Had they done this, rather than warning them off, their countries and its citizens would have been far better off. Instead, the central banks are actually prolonging the impoverished state of many throughout the world.
Here is a list of the articles mentioning the warnings. Note how the warnings are heavily weighted from developing impoverished nations. Someone should really be attempting to correct the wrongheaded approach that some central banks from these developing countries are taking with respect to cryptocurrencies. They are ultimately only hurting themselves and their nations.
https://www.coindesk.com/kosovos-first-bitcoin-atm-sparks-central-bank-warning/
https://www.coindesk.com/hong-kong-central-bank-warns-bitcoin-following-alleged-scam/
https://www.coindesk.com/estonian-central-bank-warns-bitcoin-ponzi-scheme/
https://www.coindesk.com/indonesia-central-bank-warns-bitcoin-use/
https://www.coindesk.com/buyers-beware-singapore-central-bank-issues-ico-warning/
https://www.coindesk.com/albanian-central-bank-issues-warning-cryptocurrency-investors/
https://www.coindesk.com/warning-cryptocurrency-scams-posing-chinas-central-bank/
https://www.coindesk.com/chinas-central-bank-issues-new-warnings-bitcoin-exchanges/
https://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/
https://www.coindesk.com/argentine-central-bank-issues-warning-burgeoning-bitcoin-ecosystem/
https://www.coindesk.com/german-central-bank-official-issues-another-bitcoin-warning/
https://www.coindesk.com/lebanons-bank-bitcoin-warning/
https://www.coindesk.com/central-bank-new-zealand-australia-bitcoin-warning/
https://www.coindesk.com/chinas-internet-finance-association-issues-ico-warning/
https://www.coindesk.com/polish-regulators-warn-banks-consumers-cryptocurrency-risks/
https://www.coindesk.com/nigeria-banks-handle-bitcoin-risk/
https://www.coindesk.com/nigeria-warned-citizens-onecoin-bitcoin-week/
https://www.coindesk.com/ukraines-national-bank-issues-bitcoin-warning/
https://www.coindesk.com/indian-central-bankers-go-public-with-bitcoin-views/
https://www.coindesk.com/european-central-bank-digital-currencies-inherently-unstable/
https://www.coindesk.com/bangladesh-outlaw-bitcoin-jail/
https://www.coindesk.com/bolivias-central-bank-bans-bitcoin-digital-currencies/
https://www.coindesk.com/netherlands-issues-bitcoin-warning-banks-financial-institutions/
https://www.coindesk.com/bank-canada-bitcoin-adoption-destabilize-world-finance/
https://www.coindesk.com/dutch-central-bank-bitcoin-viable-alternative-fiat-currency/
https://www.coindesk.com/colombia-stops-short-bitcoin-ban-bars-banks-secto
https://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/
https://www.coindesk.com/bank-thailand-says-bitcoin-illegal-warns-use/
https://www.coindesk.com/bundesbank-board-member-warns-highly-speculative-bitcoin/
https://www.coindesk.com/bank-mexico-restricts-banks-bitcoin-reports-suggest/
https://www.coindesk.com/us-securities-regulator-finra-warns-bitcoins-investment-risks/
https://www.coindesk.com/philippines-regulator-issues-warning-digital-currencies/
https://www.coindesk.com/vietnam-warns-against-bitcoin-invokes-the-ghost-gox/
https://www.coindesk.com/central-bank-jordan-blocks-financial-companies-bitcoin/
https://www.coindesk.com/brazilian-central-bank-outlines-digital-currency-risks/
https://www.coindesk.com/israeli-regulators-issue-joint-warning-cryptocurrencies/
https://www.coindesk.com/bank-of-greece-breaks-silence-bitcoin/
https://www.coindesk.com/kazakhstans-central-bank-ban-bitcoin-protect-bankers/
https://www.coindesk.com/bank-of-russia-issues-warning/
https://www.coindesk.com/belgian-regulators-issue-joint-bitcoin-warning/
https://www.coindesk.com/taiwan-welcomes-new-year-bitcoin-warning/
https://www.coindesk.com/reserve-bank-india-issues-virtual-currency-warning/
https://www.coindesk.com/eu-banking-regulator-warning-virtual-currencies/
https://www.coindesk.com/bank-of-france-follows-china-warn-bitcoin-volatility/
https://www.coindesk.com/kyrgyzstan-bitcoin-payments-violate-state-law/
https://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/
https://www.coindesk.com/fear-russian-ban-bitcoin-moscow-conference-cancellation/
https://www.coindesk.com/bitcoin-not-legal-tender-canada-government-official/
submitted by Always_Question to ethtrader [link] [comments]

Correlation of central bank warnings with BTC price chart

NOTE: If someone wants to post this on /Bitcoin, please feel free to do so. I've been banned from there for something like 180 days.
My shower thought this morning: we've seen many warnings over the years from central banks around the world about cryptocurrencies, and in particular BTC. They general warn off banks, citizens, and others from getting involved with or investing in crypto.
I sifted through coindesk and found articles that highlight such warnings, and then correlated those against the price of BTC. Here is the graph:
http://imgur.com/a/1VGPX
Note that there is a big bunching of a relatively high number of warnings in the first half of 2014. This makes sense as it plays into the fears of the Mt. Gox collapse. Then there are a few scattered warnings over the next few years.
What is striking to me is this: had the central banks instead possessed any kind of enlightened understanding and selfless disposition, they would have been encouraging citizens to acquire small amounts of crypto investments. Had they done this, rather than warning them off, their countries and its citizens would have been far better off. Instead, the central banks are actually prolonging the impoverished state of many throughout the world.
Here is a list of the articles mentioning the warnings. Note how the warnings are heavily weighted from developing impoverished nations. Someone should really be attempting to correct the wrongheaded approach that some central banks from these developing countries are taking with respect to cryptocurrencies. They are ultimately only hurting themselves and their nations.
https://www.coindesk.com/kosovos-first-bitcoin-atm-sparks-central-bank-warning/
https://www.coindesk.com/hong-kong-central-bank-warns-bitcoin-following-alleged-scam/
https://www.coindesk.com/estonian-central-bank-warns-bitcoin-ponzi-scheme/
https://www.coindesk.com/indonesia-central-bank-warns-bitcoin-use/
https://www.coindesk.com/buyers-beware-singapore-central-bank-issues-ico-warning/
https://www.coindesk.com/albanian-central-bank-issues-warning-cryptocurrency-investors/
https://www.coindesk.com/warning-cryptocurrency-scams-posing-chinas-central-bank/
https://www.coindesk.com/chinas-central-bank-issues-new-warnings-bitcoin-exchanges/
https://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/
https://www.coindesk.com/argentine-central-bank-issues-warning-burgeoning-bitcoin-ecosystem/
https://www.coindesk.com/german-central-bank-official-issues-another-bitcoin-warning/
https://www.coindesk.com/lebanons-bank-bitcoin-warning/
https://www.coindesk.com/central-bank-new-zealand-australia-bitcoin-warning/
https://www.coindesk.com/chinas-internet-finance-association-issues-ico-warning/
https://www.coindesk.com/polish-regulators-warn-banks-consumers-cryptocurrency-risks/
https://www.coindesk.com/nigeria-banks-handle-bitcoin-risk/
https://www.coindesk.com/nigeria-warned-citizens-onecoin-bitcoin-week/
https://www.coindesk.com/ukraines-national-bank-issues-bitcoin-warning/
https://www.coindesk.com/indian-central-bankers-go-public-with-bitcoin-views/
https://www.coindesk.com/european-central-bank-digital-currencies-inherently-unstable/
https://www.coindesk.com/bangladesh-outlaw-bitcoin-jail/
https://www.coindesk.com/bolivias-central-bank-bans-bitcoin-digital-currencies/
https://www.coindesk.com/netherlands-issues-bitcoin-warning-banks-financial-institutions/
https://www.coindesk.com/bank-canada-bitcoin-adoption-destabilize-world-finance/
https://www.coindesk.com/dutch-central-bank-bitcoin-viable-alternative-fiat-currency/
https://www.coindesk.com/colombia-stops-short-bitcoin-ban-bars-banks-secto
https://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/
https://www.coindesk.com/bank-thailand-says-bitcoin-illegal-warns-use/
https://www.coindesk.com/bundesbank-board-member-warns-highly-speculative-bitcoin/
https://www.coindesk.com/bank-mexico-restricts-banks-bitcoin-reports-suggest/
https://www.coindesk.com/us-securities-regulator-finra-warns-bitcoins-investment-risks/
https://www.coindesk.com/philippines-regulator-issues-warning-digital-currencies/
https://www.coindesk.com/vietnam-warns-against-bitcoin-invokes-the-ghost-gox/
https://www.coindesk.com/central-bank-jordan-blocks-financial-companies-bitcoin/
https://www.coindesk.com/brazilian-central-bank-outlines-digital-currency-risks/
https://www.coindesk.com/israeli-regulators-issue-joint-warning-cryptocurrencies/
https://www.coindesk.com/bank-of-greece-breaks-silence-bitcoin/
https://www.coindesk.com/kazakhstans-central-bank-ban-bitcoin-protect-bankers/
https://www.coindesk.com/bank-of-russia-issues-warning/
https://www.coindesk.com/belgian-regulators-issue-joint-bitcoin-warning/
https://www.coindesk.com/taiwan-welcomes-new-year-bitcoin-warning/
https://www.coindesk.com/reserve-bank-india-issues-virtual-currency-warning/
https://www.coindesk.com/eu-banking-regulator-warning-virtual-currencies/
https://www.coindesk.com/bank-of-france-follows-china-warn-bitcoin-volatility/
https://www.coindesk.com/kyrgyzstan-bitcoin-payments-violate-state-law/
https://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/
https://www.coindesk.com/fear-russian-ban-bitcoin-moscow-conference-cancellation/
https://www.coindesk.com/bitcoin-not-legal-tender-canada-government-official/
submitted by Always_Question to btc [link] [comments]

Bitcoin Price Reversal, Bitcoin Legal Tender, Bitcoin Gold Manipulation & "Not Legal, But Necessary"

Bitcoin Price Reversal, Bitcoin Legal Tender, Bitcoin Gold Manipulation & submitted by Thornsb to BLOCKCHAINEDNews [link] [comments]

For all the HODLers out there: If Bitcoin goes to $50,000 or $100,000 in the next 12-24 months, will you just sell it and eat the tax consequences? Because if Bitcoin is going to function similar to physical Gold (i.e. it is not a legal tender), is there any other choice?

Part B to that question: What needs to happen in order for the US government to accept Bitcoin as legal tender?
submitted by Simontanner610 to Bitcoin [link] [comments]

£20 is 0.0039 Bitcoin. This might not even be legal tender anymore.

£20 is 0.0039 Bitcoin. This might not even be legal tender anymore. submitted by YeetusDFeetus-_- to mildlyinfuriating [link] [comments]

[uncensored-r/CryptoCurrency] Cryptos Tumble After India Says It Will "Take All Measures To Eliminate" Their Use

The following post by Pavegecko is being replicated because the post has been silently removed and some comments within it have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7uj8bt
The original post's content was as follows:
https://www.zerohedge.com/news/2018-02-01/india-officially-declares-bitcoin-not-legal-tender-or-coin
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin not a legal tender in India, says Arun Jaitley

Bitcoin not a legal tender in India, says Arun Jaitley submitted by ranjithrajv to india [link] [comments]

Should bitcoin or precious metals be given legal tender status? Why or why not?

submitted by xvult to askaconservative [link] [comments]

Zambian Central Bank to declare 'Bitcoin is not a Legal Tender' !

Zambian Central Bank to declare 'Bitcoin is not a Legal Tender' ! submitted by cryptonewsz to CryptoCurrencies [link] [comments]

(India's budget 2018) Finance Minister - Bitcoin and other cryptocurrency not a legal tender, will keep exploring working on blockchain technology.

(India's budget 2018) Finance Minister - Bitcoin and other cryptocurrency not a legal tender, will keep exploring working on blockchain technology. submitted by WhyDontYouTryIt to Bitcoin [link] [comments]

(India's budget 2018) Finance Minister - Bitcoin and other cryptocurrency not a legal tender, will keep exploring working on blockchain technology.

(India's budget 2018) Finance Minister - Bitcoin and other cryptocurrency not a legal tender, will keep exploring working on blockchain technology. submitted by Rishkd to Bitcoin [link] [comments]

/u/Im_Not_Antagonistic on Should bitcoin or precious metals be given legal tender status? Why or why not?

What's the case for giving them that status?
from Im_Not_Antagonistic on Should bitcoin or precious metals be given legal tender status? Why or why not?
submitted by rightwingnews to DebateRightists [link] [comments]

Bitcoin Legal Tender In Japan, But Not A Currency? (The Cryptoverse #243) Explaining Legal Tender Laws Bitcoin storm in india even Arun Jaitley says its not ... Cryptocurrencies like Bitcoin not legal tender: FM Arun jaitley The BITCOIN Breakout Came!  CME GAP  BTC Is LEGAL TENDER ...

Bitcoin is generally not considered legal tender. KEY TAKEAWAYS As of February 2020, Bitcoin was legal in the U.S., Japan, the U.K., Canada, and most other developed countries. Bitcoin is Not Legal Tender, Says Canada Government Official A Canadian government official has said bitcoin is not considered legal tender in the country, according to a report in the Wall Street ... According to published definitions, bitcoin is an "electronic currency", "a cryptocurrency", "an innovative payment network and new class of money". In this article, we analyse the first judgement of the Spanish Supreme Court which considers the problem and denies bitcoins character as legal tender. Legal tender is defined as money that must be accepted as payment for a debt in the jurisdiction where the payment is being made. Because bitcoin is not recognized as legal tender by any government, it can only be used as payment if both parties in a transaction agree to its use as a form of payment. New technologies are often misrepresented and misunderstood, as the internet itself was in the ... Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.

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Bitcoin Legal Tender In Japan, But Not A Currency? (The Cryptoverse #243)

Class debate for “should bitcoin be a worldwide legal tender” concepts and methods Bitcoin is slowly joining the big league of currencies. Germany has become the first country to accept the digital money as legal tender - recognized in law and for tax purposes. Let's explore a new law that has come into effect in Japan, making Bitcoin a legal form of paying, but stopping short of giving it legal status as a currency. The news segment begins at 5:25 Please contact us 7700000209 Dosto India me Bitcoin ki aandhi aani suru ho chuki hai, jabki finance minister India ne isko legal tender manane se mana kar di... Dr. Manishika Jain in this lecture explains Fiat Money and Legal Tender - Terminology in Economics Currency notes and coins are therefore called fiat money. They do not have intrinsic value like a ...

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