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Quote Buddy
(@zakeeyullah)
Active Member

Is crypto currency currency legal. How does it work. How can a crypto currency have value.

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Topic starter Posted : 24/04/2021 4:33 am
Abdallah Taleb
(@abdallahtaleb)
Prominent Member

Yes it is legal. This requires a long explanation friend, did you watch our video about the dogecoin? We explain a bit about cryptocurrencies.

https://youtu.be/xp3g_PARYHg

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Posted : 24/04/2021 8:04 pm
Millieivy liked
MindPower
(@mindpower)
New Member

Why is the youtube video no longer available? Was it taken down? and why?

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Posted : 25/04/2021 11:31 am
ricargomes
(@ricargomes)
New Member

@abdallahtaleb .

hello why the video is no longer in youtube??

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Posted : 25/04/2021 5:48 pm
pheonix317
(@pheonix317)
New Member
Posted by: @zakeeyullah

Is crypto currency currency legal. How does it work. How can a crypto currency have value.

Yes crypto is legal almost in every country of the world, so you can definetly mine, or buy& sell crypto as long as your country has not banned it.

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Posted : 01/06/2021 4:14 pm
arbaz_asif
(@arbaz_asif)
Active Member

Crypto currency is legal in most of countries and have value. We can exchange our any holding crypto currency or coin with dollars which give them value.

For Example Bitcoin has value of 35k for now. So you can exchange your one Bitcoin for $35k.

Hope so you like it 

Thanks 

Kind Regards 

Arbaz Asif

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Posted : 03/06/2021 8:20 am
Mohammad Riyaduzzaman Riyad
(@vetriyad)
Reputable Member
Posted by: @zakeeyullah

Is crypto currency currency legal. How does it work. How can a crypto currency have value.

In some country it's legal and in some countries, it's illegal. In my country, Bangladesh (Known as green heaven), Crypto mining, buying, and selling it's not legal.

People who are interested can mine/buy/sell it from outside of the country, I mean another country.

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Posted : 03/06/2021 9:34 pm
niku9842
(@niku9842)
Reputable Member

Hi Friend, I think crypto is legal in almost all countries but not all countries. 

Thank You.

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Posted : 04/06/2021 7:10 am
Kavitha Aisha
(@kavitha-aisha)
Estimable Member

There’s no question that they’re legal in the United States, though China has essentially banned their use, and ultimately whether they’re legal depends on each individual country. Also be sure to consider how to protect yourself from fraudsters who see cryptocurrencies as an opportunity to bulk investors. As always, buyer beware.

Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.

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Posted : 04/06/2021 3:08 pm
Starinsky
(@starinsky)
Active Member
Posted by: @zakeeyullah

Is crypto currency currency legal. How does it work. How can a crypto currency have value.

Cryptocurrency is legal in most of the countries but banned or illegal in some countries like:-

China, Russia, Vietnam, Bolivia, Columbia, and Ecuador.

Crypto currency get their value from based on the scale of community involvement (User demand etc).

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Posted : 04/06/2021 11:41 pm
Hassan Raza
(@hassanraza)
Honorable Member

Well it depends on where you live 

and Cryptocurrency is a form of payment that can be exchanged online for goods and services.

Cryptocurrencies work using a technology called blockchain.

Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

Most widely known cryptocurrencie is BITCOIN and it was at 60K for the past months but now it dropped down to just 37K

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Posted : 05/06/2021 8:54 am
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