Bitcoin Forum

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal
 
1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.

Here are the chances to declare it illegal , due to following conclusions
 
1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .


Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users

I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future

If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.

I think if bitcoin is managed by the government will certainly change all rules that have become bitcoin performance system, of course function of bitcoin freedom will be eroded by new regulations that may be applied by government

No brother , the Bitcoin's rule will remain at one place and government rules will remain at one place .
Because if it get legalised or even get regulated then still we can use Bitcoin for the trading as well as for payment worldwide .

How can you say , may be in next two year , lol .
today is 31 may and this is last day to suggestions for the government of India .
no brother , it will get ban or illegal in the same year , because the ransomeware attack made the attention fully , you can see at the mygov.in about the petition .Yes , totally true , This will be the solution for use .
Because at the one side we can't exit from the Bitcoin but also at the second side we have the responsibility to not to violate the law of taxation , so regulation is better option and then we will be able to use Bitcoin legally .

When government is ready to take a decision, no one will force them and I would suggest preempting their decision line is not the best as this would lead to unnecessary speculation which is going to further worsen the volatility issues surrounding bitcoin at the moment. All I know is one of the major factor that will influence government decision is that tax that will be generated and how it will be done by the exchange site. The moment this has been achieved every other thing will fall in line.

Its up for the government, but if I were to suggest being legal is better, there will be some issues such as using it for illegal dealings but as a countermeasure bitcoin users can easily bring money to their country from another. So it easily helping with their economy just like that.

If we look at prospect of bitcoin there is a possibility that someday the government will give legality to bitcoin and participate in it. And if bitcoin is declared legal then bitcoin security will be more assured.

To me, the concept of bitcoin was to take money out of Government control. But when a government makes bitcoin official currency, there is the likelihood that one day they could want to control it. However, bitcoin circulation is individualistic. There is no central bank for bitcoin so it will be difficult to ban it.

I think to make a decision that bitcoin to be legal currency is need too much regulations and I am sure it will take lot of time and there will be consequences after it. The government surely think the main currency in India and also make it stable is most important than bitcoin. So why they could take a hard decision to make it legal?
The best moves that your government can do is netral. I mean the central bank cannot regulate bitcoin, government doesn't take any responsibility for all kinds of losses and people will use it with their own risk.

I think not so soon we will get Bitcoin legalized by the India Government as their are so many regulations they have to make it before announcing it as legal currency. And every time India is standing in last to accept the new technology after the whole world experience it after that only they will start to work on it.

We cannot really say because it is the government's call. Nonetheless, I think there is a possibility of it being declared legal because of the apparent inconsistencies of the government that we see. Bitcoin has such a huge impact in the market that it cannot just be eradicated all at once since it exists online without need of any official body to man its operations.

do you think that if they declare it illegal, i wold not use it anyway if i was an indian citizen?

again this is the same old argument, they can't track soemone who is using bitcoin, they will never be able to do so, if i pay for somethign abroad and receive it in india by using bitcoin, there is no way they can know about it

banning bitcoin and make it illegal is just a way to put fear in people, because they fear themselves bitcoin, and want to restrict the usage, but you can still use it without any problems

i think they will not banned bitcoin due to its popularity and growth in international market..its becoming worldwide currency..they just need to ensure that all are ok and no illegal work is going on..

Maybe in some countries it is legal but in many bitcoin countries it still has not been said legal or still illegal, but with the development of bitcoin all over the world will legalize bitcoin. ::)

But you know to use Bitcoin legally can be worse, right? You will need to pay higher fees than you pay now to transfer money, and maybe there will be extra fees when buying stuff in your country. You would need to spend more Bitcoins to buy less things, it's not a very good deal, only for the government of course.

considering what india has done to gold and cash then i don't see a happy ending for bitcoin there on a legal basis. that don't mean it won't thrive off the books but it could be over before it started in a legit sense.

I agree. The fact that Bitcoin is under scrutiny seems to portend bad news. Governments, especially countries without an open economy like India, like control. If they can't control something, the usual knee jerk reaction is to make it illegal.

Monkey see monkey do, so in other words, many countries will adopt bitcoin because they see the leaders are making it legal like Japan, even though bitcoin is not the one with many features yet, it has a high price only for been the first, but smart contracts from Rootstock are been developed and this will attract more users...

"4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal ."
Because they think in terms of scarcity, fear, limited thinking, narrow point of view, corporation support oriented, capitalism oriented, just to mention few of the reassons..

yes in fact by accepting bitcoin as legal currency by the japan now the other countries may also be thinkin about the legalization of bitcoin. I am sure that very soon they will also take a very positive step about bitcoin and the price of bitcoin will again become skyrocket. may be other countries have already start thinking about the legalization of bitcoin. as their people have already accepted bitcoin.

Of course this is a good thing if many countries provide support and give legality to bitcoin.
And it seems that this will have a positive impact on the progress of bitcoin both in terms of popularity and of course will get a stable price.

yes we are expecting that bitcoin is going to be declare as legal currency but i think it will take some more time. because most of the countries are still thinking about the legality of bitcoin.and they can take any step after a lot of conformation and  studying every aspect of btcoin. its impact on a country economy, on their fiat currency and much more therefore it can really take some more time.

The only way they will declare it legal is if they can track and tax every transaction. That means tying an identity to each bitcoin address. I doubt anyone wants that.

I don't think it would.. Not just for the sake of legalization but its a decentralized cryptocurrency.. Don't u agree??? ??? ???

AFter some months when All other big country have used the bitcoin as currency and are running perfectly after this only India will start to think of legalizing Bitcoin. Because India never takes first step for any new ideas.

There might be reasons for that.
It is a risk, maybe that is what they are thinking.
Too much of capital is needed. One more good reason.
Being a country with a low value of currency will make it hard to adjust specially their technology.
Japan could do it because they have been one of the countries with great technologies.
It will be easier for them to make good use of bitcoin.

I think most goverment consider bitcoin legal nowadays. Bitcoins growth and transformation is massive with tremendous amount in Capitalization, lot of traders are into it and it will contribute economically of course.

the problem is, without 1984 Orwellian control of the internet how would a centralized government declare bitcoin ILLEGAL?

Just from my knowledge of federal legal statues here and how they are passed it requires enormous political capital requiring confirmation super-majorities (2/3) in the house and the senate, an executive sign-off AND a majority supreme court decision.

Basically the enormous burden of proof will have to fall on elected officials and legal experts with 20+ minimum experience practicing in the field to cite good cause as to how and why they should ban the currency, if they even can, how these regulation/criminal code changes will be executed/implemented and what to do with those U.S citizens that have a stake invested in bitcoin in which they have 0 probable cause to seize such as a commodity. Just sounds like even if it was illegal the burden of proof would be enormous to be able to convict beyond a reasonable doubt the use of bitcoin especially when people get better with security methods such as using tor and linux-based operating systems as well as the manner in which they browse (different cpus, thumb drives, changing IPs as well as using wireless that either doesnt belong to you or are public hot spots).

Legally speaking even IF the regulations were CLEARLY spelled out word for word the execution and interpretation of this law (indictment and conviction under a jury-trial giving the defense every legal opportunity awarded to him) is virtually impossible, even for a government as big and powerful as the U.S. Hell even China couldnt do this which is why ppl are finally putting real value and equity (or transferring should i say) into BTC... the foundation of the method of exchange, ledger and storage of such currency is just too sound and the security will only get BETTER over time.

For my own reason or opinion,I think It will be declared as Legal in a open country and in an short finance country.Because bitcoin can increase the value of your money and these can help people to rely on their minds in financial status.So I think it will be legalized

Right Now its Fully ilegal Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users. And this time the blcokchain start in india money of crypto currency work in india. Then After few Years bitcoin and also more some coin will legal in india.

depends what you mean by legal.. australian, swiss and china have already legalized it

Yes you Right.  But I can tell this india start work with blockchain .. the are create TCC crypto Currency. ASAP then create new invention for his country .

I think same as you, it's need time to become totally legal

Yes.. Next few years bitcoin and also blcokchain business approve in many country. because its grow up day by day and and people interested more and more. just few days Malaysia country  use 35% use bitcoin.   

iNDIA  declaring bitcoin as legal is not possible at this time till some country implement it and prove the positive sides they wont take risk and in India the government is corrupt so they wont give bitcoin legal status until they find it profitable for them.

I have done so. My account is registered and I personally believe Bitcoin is a good option to rid the world of black money too. Because of its consensus system, it prevents the creation of new Bitcoin. This converts to a deflationary currency too. This can help with India's inflation and perhaps strengthen the economy. Maybe Bitcoin will be accepted soon. Once we make the Indian government aware of the advantages of Bitcoin, I presume that they would accept Bitcoin. I mean they have no reason not to. Bitcoin only provides advantages to them. But saying that, I don't think they would abolish fiat either.

my Indian friend and of course a bitcoiner told me that this upcoming June 30, India will be legalize bitcoin.
That's good news and we should expect another climb in bitcoin. Hurray!  ;D

With increasing state adopting bitcoin and declaring its legality certainly makes the foundation of bitcoin system more robust, and maybe someday bitcoin will get its legality in various countries along with its rapidly growing.
And it is likely to quickly achieve stable bitcoin prices.

I am sure that very soon many countries will take a very positive step about bitcoin and the price of bitcoin will again become skyrocket. May be some countries have already start thinking about the legalization of bitcoin.

If other countries keep adopting as Japan did, it may pressure reluctant countries to allow it. They may not ban it outright, but may allow people to use it informally. What I think will happen is that countries will develop their own national coin and blockchain.

In my opinion the Bitcoin's rule will remain at one place and government rules will remain at one place .
Because if it get legalised or even get regulated then still we can use Bitcoin for the trading as well as for payment worldwide .

I really hope that it will become legal but as the progress of bitcoin. Unknown trsansaction in online cannot be trace and can be use in illegal transactions like silkroad so government was against the bitcoin i guess but bitcoin will become illegal in the future as it continue adopt.

I just find it strange that a government would try to legalize and regulate something they ultimately have no control over whether regulated or not. Besides, it's the world bank that would have ultimate control because the world bank controls the actions of banks in most every country.

To our knowledge, Bitcoin has not been declared illegal in most countries. Although there are some countries (such as Argentina and Russia) that strictly prohibit foreign currency. Other countries (such as Thailand) restrict certain currency entity entities such as Bitcoin exchange.

It's tough to predict the future but I would have to side with the thought that they will keep it flowing. it's great for economies simply with the technology alone.

As government of india is moving to electronic methods of payment, i feel bitcoin can be declared as Legal but with certain rules and regulations. It would take some time to formally declare or consider it as legal.

Actually Bitcoin has many advantages for its users, but if the user is using Bitcoin for criminals of course the government will stop it. And that is certainly a matter of consideration for the government whether Bitcoin will be legal or not.

Maybe in the next few years it will be declare as legal because there are many users right now. So this Bitcoin will be known and will be legalize and have many obligations to pay. But in my opinion, I would be happy if bitcoin will not be legalizing because there is no need to pay tax.

Bitcoin is already legal in many countries, and it's perfectly possible that in the close future it will be accepted just as widely as any usual state-regulated currency. Today it's already possible to say that more and more people find Bitcoin more reliable and applicable to use than usual currencies, and this certainly will influence its legal status in the future.
Although this question is rather of a political nature; democratic societies with stable and transparent economies are more likely to accept cryptocurrencies legally.

How about in ASIA what countries do bitcoin accept as legal according to their constitutions? Is there any that 100% legalize? Thanks.

Nobody can guarantee which countries will or will not legalize it; especially when talking about multiple countries. Hypothetically, every government may legalize it, but nobody will give 100% guarantee. But it's the same for any currency, or more broadly, any phenomenon on the market: you can't be completely certain in many issues, especially with regard to various legal/political regimes of each country.
One could suggest that it will be legalized globally, however it's unclear how much time this process can take.

What I see in all this is that countries are actually sitting on the fence on the issue of whether to declare illegal. Rather they choose the word ban because that would mean they can wake up tomorrow and spin the news that it is now unban or that citizens can now participate after they meet some certain conditions. However, no one actually knows but what I am sure is that they are equally observing the way things are going.

I believe they will declare it legal in the end. Even now in some European Countries there are Universities that accept payments for the tuition fees with BTC

The country country in Asia that has declared bitcoin legal is Japan. Its the first country to do so. But I don't know if other country will make it legal though. There's a lot of debate inside and outside of a particular country so it make take years before another one legalized it. Its more of putting a regulation so that it will not be abuse or give protection to their citizens. That's is the main point of the Central Bank, because bitcoin is decentralized and they can't control it that's why bitcoin has getting a hard time being legalized.

http://www.businessinsider.com/bitcoin-price-spikes-as-japan-recognizes-it-as-a-legal-payment-method-2017-4

Do not think they will declare it legal because they may try to bring their own currency which government will have control and would like to use that only so that it could be tracked easily and it will be under govt purview. Slowly they will put a ban on all other currency I think so or as per even some of the country view it seems to me the case.

Actually it is not so. Japan considers bitcoin not as a currency. They recognize his tender. That means you can officially exchange it to yen, but to buy goods you can only in the national currency. Shops that accept bitcoins are required to convert them. To complete legalization for a long time.

Now the government of India still decides to recognize the crypto currency in their country as a means of payment or not. The Central Bank of India noted that there are certain problems in this issue, that there are some risks associated with the passage of the crypto currency, but then they allegedly decided to legitimize it. As it will be seen in the near future.

To declare bitcoin legitimate, or not, this is an internal matter of each state. Now we can say with confidence that each state will have to consider this issue and most countries will recognize bitcoin as legal tender.

no up to now it may doesn't happens. may be in the future it may happens. if bit coins may declare legal then we have to pay tax and showing our financial accounts for the government. then more people like business mans, politicians, and some more others can escape from this scam. so it is good to declare legal.

I think governments cannot ban BTC, and they will want to be in the ship with all of us to earn money. greed :)

Already many countries have given green signal to Bitcoin payments in their country. But for each country has their own regulation and rules they need to follow those in order to legalize. Otherwise, they have to setups new act for accepting Bitcoin in their country, so these things will take some time.

The real question is : Can it really be illegal ?
What would happen if it become so ?  :-X

If the government declare that bitcoin transaction is not prohibited in their country we can say that selling bitcoin is illegal and do not used bitcoin on that area, but if there is no declaration about legalities of bitcoin i think using and selling bitcoin is not illegal, like here in our country we can used bitcoin freely even our government not yet adopt crypto currency.

I will back on the question of OP, i want to know also if what happen on bitcoin in INDIA? Since this topic was open mid quarter of this year.

That will change the fact that the government will declare bitcoin a legitimate transaction? Why do it at all? Everything that is not forbidden by law is permitted. The government will not recognize bitcoin ever. It is difficult to monitor and it creates outflow of investment from the economy. Indians no more stupid than all the others.

I think the question posted here is too broad. For one, we all know countries have independent governments which means that various countries have different laws, rules and regulations. It depends, too, on the needs of its citizens. Of course, I am all for the idea of opening our arms to the new era whereby almost everything exists in the web. All they got to do is to have an internet connection, right? But what Bitcoin came up with is that it effectively drew a line between its unregulated existence and that of the norm. So I guess it would have to do some workaround to legally exist. Otherwise, governments might come up with an international decision to ban the proliferation of these unregulated coins.

for me India and other countries will never include bitcoin in normal money system  but they can make only ban over it .


next years i think many counties will ban exchange to make some control of bitcoin and reduce number of users

I think it's only a matter of time if we look at the increasingly well known state of bitcoin today, the more users, the government may someday legalize bitcoin by considering everything.
And if so, bitcoin will be safer to use because it is already recognized by the government.

It all depends on the position of the United States. Bitcoin is a danger in the first place for the dollar. Other countries are now only attracting investment via bitcoin. Yes, users do not pay taxes but their income, they stimulate demand and warm up the economy of their country. I think that countries like India will take the strategy of waiting. They will not deny but would not allow the use of bitcoins. Perhaps the Americans will force the government to ban bitcoin in exchange for dollar investments. Only time will tell.

Bitcoin will be legal for sure. All of our governments are just still having arguments but I know that they will still make it legal in the end and just look how massive support that bitcoin gets from loyal supporters that keeps increasing everyday.

Well maybe bitcoin will be declared as legal, because now it plays a big part in the world economy especially in the world of big corporations and businesses, so there is a big chance of bitcoin to be declared as legal throughout the world.

Based on these reasons, it is more likely that BTC will be legalized. Since it has been previously banned and "unbanned", they probably will not ban again.

bitcoin i legal and also illegal, because in some countries it is legal to use bitcoin for transactions as long as both party agreed on their terms, while in some countries bitcoin is not that welcome like china and russia.

bitoin is not legal yet .. but it seems like it will be declare as a legal soon <3

Sure it is. It might not be clear for its current state and to say that it is legal but I am sure on only one thing and that is no matter what happens, bitcoin will be legal in the future most especially in progressive countries.

Bitcoin has no significant impact on the economy. I think it is too early to talk about its legalization. It seems to me that until bitcoin will not be used in the trade, we will not see any changes in the legislation. In fact, many people do not believe that bitcoin is not a bubble. So it is used not more than 1% of people. Why in such circumstances to deal with its legalization.

maybe in the distant future will be legal but in this moment it is not the case .there is no legal declaration enregestré

I agree with you mate bitcoin is not decentralized with government although they can regulates it but bitcoin can be used illegally for those bad people.

Its happening now, some countries accept bitcoin legally, hey ! We really need this great technology for a brighter future. Bitcoin will lead us to a better nation, make bitcoin legal and enjoy big profits later on.

As you know,btc is like the internet of money.  If it is declared illegal within any country then businesses and bitcoin exchanges will have to shut shop in the region only. Being a global phenomenon it cannot be banned throughout the world.
Like the internet, bitcoin as a whole cannot be regulated/censored/made illegal as it is not constrained within the borders of one nation. Businesses based on the idea of bitcoin can be subjected to regulation but the whole network itself cannot be.

It will be declared legal and only a small percentage will not accept it or ban it. It applies in anything that you can't force everyone if they don't want to but that decision is the one that they are going to regret because we are now starting to rock every nation with bitcoin.

Well here is a really good read on where bitcoin and crypto are going
the gov will always bust balls.
https://www.sec.gov/litigation/investreport/34-81207.pdf (https://www.sec.gov/litigation/investreport/34-81207.pdf)

As far as I am concern to the growth of Bitcoin, I think it is a YES. I think Bitcoin will be legal and be used by most people who prefers it in a broad way. I am not so sure that it will be legal world-wide but I think most country would legalized it since it gaisn popularity by this time around. If it would be legalized by many it has huge potential thay it will even grow more and a 7 digit value of Bitcoin might be possible  in the coming years to come.

I doubt it. It seems to me that legalization is just a way of governments to gain control over users of bitcoin. First, under the pretext of legalization they will collect information on everyone who uses bitcoin and then to impose a total ban on its use. The government is not interested in taxes. They are interested in manual control of the currency.

There are no regulations governing bitcoins in India. It may be recalled that the Reserve Bank of India had in February this year advised that it has not given any licence/ authorisation to any entity/ company to operate such schemes or deal with bitcoins or any virtual currency

Bitcoin already declare as legal, because the follow all compliance and requirements of the law; which gives them a juridical personality and authority to operate in the industry.

I think Yes, But not in the near future. Maybe when technological advances peak in this world, this will happen, because bitcoin grows along with technological advances. Let's think of, if many supermarkets, restaurants etc. Using bitcoin as a means of payment then the government will definitely consider to legalize bitcoin.

The most important factor is if bitcoin is approved by the SEC as legal tender. If so then bitcoin will go to many US stock exchanges and then will be followed by the world government, I'm sure bitcoin will spread faster with just one recognition from Donald Trump. Many developing countries are waiting for this momentum but no one dares to actively speculate unless Japan has fully regulated bitcoin.

Based on the reasons above it is very clear that bitcoin is legal.
I will support bitcoin as legal. Bitcoin has a big part in economy and it is beneficial for investors.
Most of the countries banned bitcoin are communist. Because they just want to protect their own currency and ashamed that bitcoin will surpass their  fiat. This might some reasons governments don't allow bitcoin to be regulated.

This  issue is just a matter of time. The future of bitcoin's depends on real supporters of bitcoin, all bitcoiners eventually is making the foundation of bitcoin solid, bitcoin will be legalized anywhere in this world that has access in internet if they will be able to recognize, realize and distinguish the real positive benefit of bitcoin. Time will come. It will be legalize we need more time.

I think the company of bitcoin has already declared as legal enity which has a authorization from the government to operate and deal with the investor.
Bitcoin complies all requirements needed so they have a certification which recognize them as legal entity.

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.

I don't understand. The idea of creating bitcoins is to be independent. Why do you need legalization? You want to depend on the government? Through the regulator they make people their slaves. Then why do you need bitcoin? Use Fiat. Lol. It seems to me that we should not agree to any conditions for the regulation of cryptocurrencies by the government.

Crypto currency is a universal tool for long-term investment. This will lead to changes in the economies of many countries.

We all want it to be legal tho. Maybe the government just want bitcoin to be taxed and thats the main reason it will be decided if it will be banned or not. If there are some third parties that can benefit both the government and the people, i think there is no need to illegalize it.

Currently, I only know if bitcoin is already widely legalized in some countries, but in some bitcoin states it still has not been legalized, although bitcoin has not been legalized, but the use of bitcoin will not be prohibited. In the future I'm sure bitcoin will be legal in many countries or even all over the world, I want bitcoin to be a transactional tool that can be used offline.

In our country try bitcoin and other crypto currency is now under investigation and consider as asset and to protect the right and ownership of the investor, they are now looking for a way to make it legal with a law....

Using bitcoin just being said through offline would really be just a dream.If you mean offline then you are pertaining for it to be used physically which we know its an impossible stuff considering that bitcoin is really just designed to be a digitital currency which means having a physical form would really not happen and thinking off 21 M supply is not really sufficient for it to be considered to have a physical form.Its decentralized feature will entirely be lost.

You are just mentioning here about ICO or investments which is making some regulation to protect its citizens.

don't be so confused if bitcoin is legal or not as I can say is it depends on the country or how the government manage their
places because some country use bitcoin in a good way but others are not they really abused it that's why the government declared to their country
to ban or to be illegal because it can affect to the background of their country that maybe can affect to their place

Black money is one of the greatest issue in the Indian economy.Government concern about the fact that black money can be converted into BTC.
So it is quite impossible to regulate the tax system if BTC were declared as a legal tender. Government of India will never declare BTC as the legal tender of RBI. But it is always legal to use the exchange sites to exchange the BTC in to INR,while you are paying tax on your income.
As per some source I can tell that some IIT(Indian Institute of technology)and ISI(Indian statistical Institute) are trying to track(or maybe tracking) each BTC transaction.

i think it depends on the government if they adopt bitcoin is being legal or not. as of now india are creating a new regulation about cryptorrency by the end of march.

I think, bitcoin will change from country to country.but Bitcoin will be legal in many countries, they will benefit from Bitcoin..

It depends on the government of any country if they will make it illegal or not. Some countries are making it illegal and they ban it. Some regulate bitcoin so that bitcoin will be more safer than ever.

whether bitcoin is declared illegal in India or any other country is really dependent on what that country is into, and what they stand to gain from it. if they feel that they can effectively regulate bitcoin then they may not ban it.

For me, i think it depends on the government of our any country if they will make the bitcoin illegal or not.

It all depends on the Government of each country. But maybe if in my country Bitcoin very difficult to declare legal. Because the Government in my country is not very supportive of the existence of Bitcoin in the community. But I hope someday Bitcoin can be legal in all countries and nothing else forbids the existence of Bitcoin.

we should be a positive thinker for that case we have now because i know that someday our government will declare that bitcoin is legal.we have to support bitcoin for the time will come.and we have to fight for it.

There is no need to be confuse as to whether bitcoin will be declare legal or illegal by all country of the world because different has its own different problems which may and may not accommodate crypto currency.

Depending on each country, there will be countries that accept it as legitimate and there will be countries that consider it illegal. I believe that no matter how bitcoin develops its way, things are just beginning, its development path will be long, when people can not control its development, no Take control of it and they will accept it as a rule of natural development

I think bitcoin will become legal one in India.Because many  of the bitcoin user are from Asian countries.I had seen in an crypto news,out of 10.3 users from India ,so I don't think bitcoin will become illegal one in India.For the people in India will get the good news very soon.So just hold the bitcoin to sell at high price.

Well, there are many advantages of bitcoin which exceeds all FIAT and when we see their low value of fees and the  facilities in transactions... then we conclude that the era of bitcoin is the new way to develop the economy of the world and there is always a progress of cryptocurrencies users. Furthermore, the only problem is the rejection of Bitcoin in many countries, so many users are afraid about this bad decision of many governments, and consequently, they use Bitcoin in a secret way, because it is illegal in some countries.
In addition to that, I guess that Bitcoin will become legal in majority of countries after some period ( maybe within 2 years ) , and it will be the solution of many crises in economics.

Time will come that bitcoin gonna declare as a legal thing, it took time, governments are just waiting for a thorough studies about what will happen here in the coming months and years, just like here in our country they did not ban it but not declared as a legal as well.

Exactly, still, we don't have any choice from the government. Our government is not mentioning directly whether they are banning the bitcoin or not but people in my country are actively trading bitcoin without problem.

Governments are not interested in legalizing bitcoin. Therefore, they will never give complete freedom to use bitcoins. But the partial freedom of the will. I think that the government will not prohibit the exchange of bitcoins for Fiat money subject to taxes. Governments will never be allowed to use bitcoin as a currency.

For now, we can see that each country in its own way solves the issue of legalizing bitcoin and crypto currency in general. There is no single approach and unanimity. Therefore, decisions on this issue are very controversial in general. Everything will depend on how bitcoin will manifest itself in the near future. Many governments consider bitcoin to be very risky to invest, because, having a high cost, it can be deflated in its price as a financial bubble.

every country has its own policy and regulation about bitcoin. it depends on the governtment on how they accept bitcoin in thier country. i heard some country banned bitcoin because of the fact that it might be the way of making money laundering. in my country bitcoin is not declare as legal and also elligal.   

i dont know about the bitcoin but yes cryptocurrency will be soon declare as legal.

i m confused about this question that all countries will declare it legal or not.

Good thing for you because there are only few countries who have not been declared bitcoin as legal but they are making it an illegal anyway, so there is really a good point to some countries who were optimistic about this cryptocurrency, they are not yet declaring it as legal because they are still finding ways on how they are going to regulate it.

As what I am observing right now, bitcoin will be declare as legal to those who are in favor with it right now, and to those who are not in favor with it will double think and will finally come up to a decision where in they were gonna see and evaluate the potential earnings it may be bring to their country.

bitcoin will be legal one day but when governments do tax regulation ... this may be close at hand

Centralizing and decentralized stuff wouldn't really be possible this is why they do adopt and regulate it but not completely on full control but only having the mandation of paying up taxes when it comes to crypto earnings or any possible ways on extracting tax from it.When we do talk about legality it would really be mainly talking about being used without any restrictions on particular place/nation/country in all firms.

Yes definitely one day Bitcoin will be declared legal tender for goods and services although it will take a longer time for such a thing to come to rearlytice.

Given the flexibility of cryptocurrencies in financial world, YES, it will be declared to be legal. However, when that time comes, countries will be depending more on digital currencies than the used of physical monetary. Right now, dollars inflate due to the greater supply. Projected studies that if the result of inflation will rapidly increased, government will continue to "PRINT OUT" more supply of money resulting to hyperinflation. Thus, economy will crash, stock exchange will down, investors will pull-out their money, and would repeat the devastating "Great Depression". All if monetary value will continuously be supplied in the economy by countries such as US. Certainly why?. Its politics. Government wants to intervene and  legalize the  transactions in "Crypto World".

In my observation, I think Bitcoin will be declared legal in the very near future. With so many people knewledgeable of Bitcoin now a days, they will pish thru in legalizing it.  I strongly support Bitcoin too because this is the way to earn and like to be a member of a huge Bitcoin community.

But anyhow.. of the many governments have their differences of opinions respectively, i think that also depends on the response from the government as well. If indeed it has more potential lead to a more advanced for the countries and its citizens also will not harm for the country.. it will certainly be more declared legal, and the government will doing the best to adapting with bitcoin and technology in it.

Yes, it really depends on the Government in each country. If the Government of the country has legalized Bitcoin, it is certain that the Government will explore Bitcoin and understand all its citizens.

That’s true it will take more time before bitcoin finally recognized by many countries and also ordinary people. I believe on this thing and it can really happen in the future. Bitcoin is a technology that will make difference for a better.

We really cannot force our government to make it legal, it takes time before doing it, so we must understand the situation of our government before reacting as this is not an easy job for them, so if they declare it as a legal or not accept it first.

United State is all in on cryptocurrency. Pretty sure they have non-directly identified bitcoin as legal.

Well in the near future positively it would be implemented or legalize but as of now the bitcoin is having a trouble mostly on some countries on asia. The government still having a doubt and i think the main solution is , if we just open our mind and see the good side of bitcoin.

And yes surely it would be implemented on near future.

does not prohibit but also does not encourage some governments of other countries have also issued a policy related to the use of crypto currency in response to the development of payment systems using virtual currency and crypto.

I think it depends on the government of every country if they want to declare bitcoin as legal or illegal. But for us i am sure that we all want bitcoin to become legal all over the world.

Why not enjoying what bitcoin status in your life, if in your country bitcoin is not yet legal but they allow you to access bitcoin with just cautious then your country is lucky enough that you don't pay for taxes, but if your country obliged you to pay tax then you have nothing can do with it but to obey the rules.

My government decide to forbid bitcoin usage because bitcoin still consider as risky investment and able to cause inflation.

G-20 still not give any action on bitcoin yet but it's not affect on my government decision to keep forbid bitcoin.

For me , bitcoin is not criminal money but for who use it that responsible with their action

I believe that there are still countries who will not declare bitcoin legal, but there will some popular counties just like in Japan who will gonna in favor with it, I hope that here in our country will make a big difference too, that here we will all gonna make things legal so that we won't have any problem in the future.

I think that's the man question, Bitcoin may be banned in one or more countries but what really affects its usage across the world. But with the recent G20 meet and its outcome I think now every country will support there views and come with proper regulation system rather than declaring it illegal but rest every country have their own financial conditions so one can assure rules for a particular country.

India is not alone in its current dilemma,whether or not to regulate bitcoins.Only a few countries have actually taken the bold step to declare its stance.I think the strongest argument that will show whether a particular government is willing to legalise bitcoins or not is if it is discussing a possible tax on it.Government will only place a tax on what they declare legal.
On the central bank's intention to use blockchain,there is a distinction (at least in government circles) bitcoin and the underlying technology -blockchain.They can use the blockchain and still reject bitcoins.What you should focus on is the tax aspect.I do hope they legalize bitcoin in india.It will benefits indians a lot.Indians are smart people and they have some of the brightest minds in emerging technology.All the best.

I am sure if a business celebrty decides to launch his own coins then obviously the government would decide upon to launch its own crypto coin in the market. I dont think there is an obstacle in realasing the new crypto coin unless and until the govenrment is confimed of educated and skilled personalities to handle the responsibiltiy. I am sure in one or two years, a crypto currency would be found out. This would enhance the country's economy.

Bitcoin can become legal in the future by majority of the countries around the world and India will eventually allow bitcoin and other cryptocurrencies with its own kind of regulation and taxation. But it still depends on the outcome of the G20 summit on cryptocurrencies that held in Brazil. In that meeting, some members resisted call to discuss regulating cryptocurrencies at the conferences because they need to examine the digital coins further before any regulaltion could be proposed. The G20 members will meet again in July this year to give their recommendations on globally regulating the cryptocurrencies.

Maybe not in a next couple of years, but yes, I think that finally it will be declared as legal

For countries such as China, it is very difficult for the government to accept. The current cough has not been able to control this market, and this is the opportunity for many rulers to corrupt and put money into bitcoins as a form of hiding.

India would probably decide upon it by next year. I am sure this would be positive. Son of a businessman has gong through his studies on blockchain and he shared his throughts on blockchain on a vedio about blockchain. It seems he has set up a team already and working on it. The name of the coin would be Jiocoin. The leader of the governemnt is in support to this business man as the leader is supported financially by him. So we can expect a coin launched from India next year if the current govenment comes over the authority again.

Bitcoin will never be declared as legal or adopted as the official currency since they the government can't control it, instead of legalizing it they will create their own cryptocurrency bitcoin is a big enemy to the financial system in this world that's why they hate it. If you asking will bitcoin be declared as legal especially as investment tool I think the answer is clear many country has been legalized bitcoin for that reason.

   I think that bitcoin will not be made legal for a long time. For the state on the one hand this is an additional income on the other hand, this is a big risk for the country's banking sector.
Bitcoin will not become a legal means of payment until it is understandable to the state.

Yes,but We must take into account that we live in society with unlimited demand and this is the main factor why I think that bitcoin will be declared as  legal very soon in every country,even in bitcoin unfriendly countries...I always see posts about corruption and generally about crimes related to cryptocurrencies and I want to know when will people understand that its as normal as fiat money or gold or another payment system,but for this they need to define fundamental aspects of its structure,Look at goverments they even don't know about its structure and they are baning it without knowledge,its nonsense.

Because bitcoin can't manipulate the government so they recognized but they did not declare as a legal due to the possible happen that bitcoin may be the great competitor of the banking sector in every country who adopt bitcoin. Meanwhile, as of now while bitcoin has unlawful to our country we enjoying with it by bitcoin asset that being profitable and our government did not declare to pay us a taxes and they are quite as of now in cryptocurrencies, so far so good here. ;D ;D

Our country is also struck with this thing that since it cannot be regulated completely they government would not like to risk this with the economy as it also has the huge misuse as well. So government might ban it and may introduce their own coin which they will control it.

What I think about the legal stand of bitcoin in India is that, the regulation of zebpay is a sign that we are going to see probably a formal adoption. Meanwhile, India government has really shown to be a very strong bitcoin supporter by requiring their people to choose whether or not to allow it.

There might be possibilities that bitcoin will be declare as legal but it won't be that easy and it will take time for it to happen because there will be studies that they will need to conduct and they will have to consider a lot of things. But I think we should not focus on that part we should focus to the part that government will acknowledge bitcoin and we should start using it in our transaction because this is really a good technology.

I think your point mate is to declare an illegal which it takes time to be happen since bitcoin is legal in most countries throughout the world. Well, as we all know there are some countries bitcoin didn't legalized it since some of their economic growth might affected. Like those people who already know much more on crypto currency as a result they didn't focus on there job which cause them force to resign and full-time in crypto currency so their government didn't legalized as they believe it may cause a great downfall on their economy but somehow most countries legalized bitcoin and some of the country support it as the crypto currency gives big help to the individual users to earn and support their financial aspect.

Well .. Today, many policymakers in the world already know about Bitcoin, but many of them have not made legal or legal rules about digital currency because of the complexity of Bitcoin.

But as time passes, some countries begin to look at Bitcoin and digital currencies with different perspectives, and try to enforce the rules of bitcoin.

I think, It is not impossible if in the future bitcoin will become legal around the world.

Technically, there are countries who legalise the utilisation of bitcoin like Japan since they view it as something that can be beneficial to the state and to the society. Though some countries like China, South Korea, and Malaysia have imposed strict rules, regulations and restrictions, they absolutely do not prohibit it completely. In the aspect of making bitcoin as an alternative payment, some countries have started accepting bitcoin as payment to retailers, services and products. The problem that I think may occur concerns the transaction speed since it needs to be accepted under the blockchain technology.

It definitely will happen but not in every country.

I think it can be happen in some country. Because now still many country not legalized bitcoin yet. Some country still don't believe bitcoin yet.
But in the future I see in some country already step by step legalized bitcoin. In some country, they do transactions using bitcoin to make a great service and fast payment.

Not as difficult as it seems...Just imagine,Today,Many countries have already accepted it and these countries are more attractive for consumers,startupers and business investors than countries like China or even Japan,I think they will start thinking about competition very soon in another situation they will lose a golden opportunity to develope their technological abilities,I know China is one of the most well-developed country but its not enaugh,they need to open doors for more success.We know countries for example Malta,Republic of georgia and others which already known as a friendly countries for blockchain and bitcoin,which i think would be an example for other countries to create same,liberal approaches.

It happens in future, but now in so many countries cannot declare bitcoin as legal in their country. At the same time some countries accepted the bitcoin as legal. Today so many people came to know about bitcoin. It can be discussed in media itself. So many countries will accept bitcoin as legal in their country. In future bitcoin will be more popular among the people.

i hope it will be legal in india

I'm sure it will be declared as legal, it is inevitable. It's impossible to keep your eyes closed forewer

There is no chance that bitcoin won't be claimes as legal. I am 100% sure that it happen within 10 years everywhere on the globe

The issue of legality of Bitcoin in india still remains a conundrum, leaving everyone confused. The government still holds the criticism that Bitcoin investment is just like fraudulent investment schemes. However, America's recent acceptance of Bitcoin and other powerful countries like Germany, Canada etc will in no time attract India's interest in accepting it.

The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. ... :-* :-*

Basically the enormous burden of proof will have to fall on elected officials and legal experts with 20+ minimum experience practicing in the field to cite good cause as to how and why they should ban the currency, if they even can, how these regulation/criminal code changes will be executed/implemented and what to do with those U.S citizens that have a stake invested in bitcoin in which they have 0 probable cause to seize such as a commodity. Just sounds like even if it was illegal the burden of proof would be enormous to be able to convict beyond a reasonable doubt the use of bitcoin especially when people get better with security methods such as using tor and linux-based operating systems as well as the manner in which they browse (different cpus, thumb drives, changing IPs as well as using wireless that either doesnt belong to you or are public hot spots).

Legally speaking even IF the regulations were CLEARLY spelled out word for word the execution and interpretation of this law (indictment and conviction under a jury-trial giving the defense every legal opportunity awarded to him) is virtually impossible, even for a government as big and powerful as the U.S. Hell even China couldnt do this which is why ppl are finally putting real value and equity (or transferring should i say) into BTC... the foundation of the method of exchange, ledger and storage of such currency is just too sound and the security will only get BETTER over time.

hello

I believe Bitcoin will be a legal tender in the long term. Every government that is opposed to the usage of Bitcoin is afraid of loosing its control of the countries monetary system. I believe it will be used alongside fiat currencies until they are wiped off.

It is actually depend in what country you are in. Bot all countries are banning bitcoin. In fact it is legal to other countries already. In our country its not banned, not legal but we can still do bitcoin. I think depend in which state you are in.

in some countries may be legal or not, but it also depends on the government to respon to this bitcoin investment, but I think maybe gradually it will be legal in all countries as well 😁

Every country have their own policy in order to maintain and stabilize economy fundamental.
Personally I support bitcoin because it's faster and cheaper compare fiat ( WU ) but my government look bitcoin as criminal currency so that's why they not legalize bitcoin.

Every decision your government make will affect on your economy fundamental , it's subjective judgement , IMO

The main reason as to why Bitcoin was created was to fight against the corrupted governments and especially banks. But you know, there is always a time when we should sacrifice one thing to allow bitcoin to survive. I am for the regulations. But they should not impose such strict ones even for the taxes because people want to start something, not to give it to the governments. I hope they legalize it as soon as possible.

It should be to sustain future healthy for a long term. I wish my country steps forward to receive crypto. Recent news from India and Pakistan slightly disappoints though it does not affect crypto a lot. Increase in investors from India into crypto have caused RBI to bring decision against bitcoin and other crypto currencies. I am sure internal politics linked with a business personality's road map behind the business man brings his own crypto currency in Indian market.

I think bitcoin already declare as legal, because the follow all compliance and requirements of the law; which gives them a juridical personality and authority to operate in the industry.

Bitcoin is a dominant currency because many people supporting it from the difference in the world and when it comes to legal, there are some countries showing interest towards the Bitcoin and its technology. FOr technology based we need to wait a lot of time for it in order to explore.

 Indian Finance Minister Arun jetly has declared that bitcoin is not a legal tender in INDIA and they are working on its regulation will soon come with a firm decision on its legal status. You can bear your own risk if you want to hold it.

There are no regulations governing bitcoins in India. It may be recalled that the Reserve Bank of India had in February this year advised that it has not given any licence/ authorisation to any entity/ company to operate such schemes or deal with bitcoins or any virtual currency

until whenever bitcoin will never be valid or accepted throughout the world, because not only the number is limited, the risk is also very large. those who trade or invest do so illegally.

See when compared to previous year we have seen some countries have already legalized the Bitcoin for payment. For other countries they have certain rules to follow and in order to reorganise them it will take lot of time. But surely many countries will start accepting bitcoin as legal one in their countries.

some country has made bitcoin as legal but some other countries are waiting a time to give a declaration about bitcoin. I agree that we need to still give a support to bitcoin so bitcoin can be accepted in all countries and bitcoin can answer for our problem in the financial section. with the g20 yesterday, we can see that many countries agree with bitcoin and bitcoin is already become legal in their countries. soon, the other countries which are not accepted bitcoin will think about this and finally, they will accept bitcoin too.

One should not turn a blind eye to technological progress. Bitcoin takes some control from the state, but gives its citizens great advantages, thereby the state becomes more competitive and ultimately strong. As a result, sooner or later, states will have to adapt Bitcoin.

In my opinion. someday the digital currency (bitcoin / altcoin) will be legalized by all countries. in my opinion, digital currency will greatly help the economy when the technology is modern and the level of financial transactions is increasing so require a digital currency that can support all these activities.

I think maybe in the distant future will be legal but in this moment it is not the case .there is no legal declaration.it can be..

yes of course   now user is not more for purchasing bitcoin and indian government says its your own risk to buy bitcoin but increased user automatically bitcoin will be declare as legal.

but still it's only a few countries that declare bitcoin as legal and the other is not yet declare anything but soon I think the other countries will declaring bitcoin as a legal thing too. it is just a matter of time before we can know that many countries declare bitcoin as legal and until that time comes, we can get more bitcoin so we can have much money from bitcoin.

Well most countries are just looking from the sidelines at this point not making any moves yet in support or against crypto. Many have issued warnings about bitcoin but keep they're doors open. Eventually i think btc will be legalized in majority. Probably even china will change their stance in a few years

It will be declared legal and only a small percentage will not accept it or ban it. It applies in anything that you can't force everyone if they don't want to but that decision is the one that they are going to regret because we are now starting to rock every nation with bitcoin.

Bitcoin transaction is peer-to-peer transaction meaning between two parties you cannot called it illegal because bitcoin is just a valuable virtual currencies buying and selling it is considered as agreement between two persons so there's no law prohibited it.

so far, I think, legally or not, it will not reduce the popularity of bitcoin, and will not reduce the bitcoin users.
yes I hope that the government of the country can work together with bitcoin, to be more comfortable again.

Yes, already in some countries these digital currencies are being accepted in the coming days because there s exceptional growth in terms of technology and economic.

I think Bitcoin's rule will remain at one place and government rules will remain at one place .Because if it get legalised or even get regulated then still we can use Bitcoin for the trading as well as for payment worldwide .

I know that after all we've been through, bitcoin will be declared legal for most countries. Because a lot of countries are just having skepticism in bitcoin and they just need a solid proof that it's really a good tool to help their economy and it works.

It should happen and yes many countries have adapted it looking at its benefits. The country's economy would grow healthy if bitcoin is accepted in the respective country. Yesterday the leader of South Korea has stated that they are easing the rules for cryptos to enhance their business. This is the real incident of a country when bitcoin is adapted. He knows that bitcoin in current era would uplift their economy standard, hence accepted it. Expect every country realize and adapts bitcoin.

Absolutey mate maybe in the next few years coming bitcoin will be legal since it is getting popular and there are many users now.. In bitcoin you can use for paying your bills also you can make it as for savings or to make your profit grew more.

yeah, I guess that many countries are waiting for a good moment to declare bitcoin as a legal and they don't want to make the first move if the big country is not declared yet. I think China will change their statement soon because I think China actually realize that bitcoin can bring a new hope for their people and China really care about the new technologies.

here it is necessary to talk not about the legalization of bitcoin, but about the regulation of the entire cryptocurrency market in General, and the principle of such regulation already exists in countries such as Japan, Canada, the United States, etc.the Question in another, whether it will be banned or allowed in wide circulation, time will tell.

Possible but not might be the right thing to view on because every country do have its own perspective when it comes to bitcoin or crypto.If they would see a reason that they will accept it they would really do without relying on other bigger countries decision.We have already seen some places do such decision which is good.Declaration either legal or illegal will always vary on the leader of such country,if they do majority see or check its negative side part of btc then no doubt it would really be prohibited.

Bitcoin is already declared illigel in Bangladesh.

Indeed, No countries that after they adapt and legalize Bitcoin they change their mind and make it illegal again but instead all countries the supported Bitcoin are now becoming more stable in talking of economy so therefore with this progress it will attract those countries that are against Bitcoin to change their stand and to fully adapt the Bitcoin currency too.

Currently, Bitcoin has not been declared valid. But I am sure that someday Bitcoin will be declared valid by all countries in the World. Maybe now a lot of countries are banning Bitcoin but when the Government of the country is aware that Bitcoin is very meaningful and help everyone. I'm sure all countries will turn to Bitcoin and make Bitcoin the most valuable investment asset.

You're definitely correct mate. As time goes by bitcoin become popular here in the cyberworld. Nowadays, here in my country bitcoin is really demand even though doesn't yet declares a legal or not but in somehow it is supported in some countries. Hopefully bitcoin will be declare as a legal since many users want to experience a great way of payments.

even though bitcoin is popular, governments across the globe has different opinions on it that is why there is no single law all over the world on it but as far as token sale is concern i think the most common idea on it is to strengthen the security against it to avoid further scam incidents regarding ICO of different companies or group of individuals conducting such activities.

Yeah I think the government is already aware of it. that cryptocurrency will be increasingly popular due to its innovations and unique properties and the government will not be able to stem the development of crypto. they know it. one way out is to provide regulation on bitcoin and tax to the user. so that both are equally profitable? it will happen in the future #ihope

There are things around the world that is not legal but accepted on the society or on a specific area, there are illegal things going around or happening around like selling organs if removing the organs from someone's body against his will is illegal but donating with or without pay your organs in hospitals is legal which will you categorize selling organs in Black market? Bitcoin may not declared as legal thing on the future but as long as the government and the people accept it existence then it is all matter to me.

It will be soon. Just wait on convincing the government should legalize this. Also, soon they found out that theres no illegal things happening here.

Bitcoin restrictions have become very low. Many countries and companies have made it legal. Bitcoin is now being bought/traded. In the coming years, the use of bitcoin will increase in online transactions. India is moving forward in information technology. The Indian Token is now seen in the market. In future, India can make Bitcoin legal.

In the few years, it will be declared as legal.

Actually there is a serious discussion is going about this topic. Some countries already announced bitcoin as legal in their country. And they opened the local exchages for transactions. At the same time some countries banned the bitcoin. But in future surely all countries accept bitcoin as legal. But it take some time to make it as legal. If one countries economic growth is increasing means automatically other countries also accept bitcoin.

Bitcoin is legal in India if you are paying tax as per government law on capital gain and same method is also adopting various countries in world.

It will be declare as legal but not immediately it will take long time. Some countries already accepted bitcoin as legal. In the upcoming yeara it will be declare as legal due its tremendous growth. If it is accepted the countrries economic will be very healthy.

In my opinion, caring about the government - or banks - "approving" of crypto is antithetical to the purpose of crypto itself. Crypto can and will exist without these institutions so why are we giving them so much leverage?

It can be in the few years if the Indian government will push truly the desire to legalize bitcoin. It will be more effective if the bitcoiners people will support the objectives. I hope no harm will happen during that time.

It all depend on the Country,Government, the Economy and the people from that Country or people living in that particular Country but for me I think it will be declared legal, but it's a matter of time as Bitcoin users increase by the day and people now use it on transactions on daily basis it will help Bitcoin to be legal.

Within two years, states should determine the status of the crypto currency, classify it, including recognizing bitcoin and other crypto currency as a means of payment, or not. There will always be a variety of options. There will be various options for recognizing bitcoin, where he will have both a legal and semi-legal status, where he will be recognized as an asset, where property is where the means of payment are. That is, after these two years, it will take a long time for states to come to some common opinion on this issue.

It depends on the government of a country because now there are already adopting bitcoin as their form of payments of bills and also buying items on some stores.

It can be legal in future almost.
Very few countries have gone as far as to declare bitcoin illegal.
However, just because something isn't legal tender, does not mean that it cannot be used for payment - it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.

At the moment it is difficult to answer this question because, although bitcoin is the first crypto, the most popular and the reason reason why many are really want to have it which is the very common situation to all investors.
Although bitcoin is successful, its rapidly changing price which is the reason why some governments around the world are opposed to it.

Declared BTC illegal in the some specific countries i know.Majority of the countries it's legal and very few countries are neutral condition.
BTC illegal declaration is very wrong decision by government he don't know it's how much positive effect in country.

I think someday Bitcoin will be declared valid by all countries in the world. Although now many countries forbid it there are still many countries that accept Bitcoin. So do not rule out if Bitcoin can be declared valid by all countries.

It will declare soon, don't worry about it since a lot of group of people are doing their best for the bitcoin to be recognized all over the world, so , what we should just do right now is to wait for the right time as it will eventually happen in the future.

It will be declared legal in the long run. And to prove that can happen, a France politician has just apologized for making harsh statements on crypto and now lifting the ban and announced regulating it.

I think bitcoin is legal, because it is very good for human activity

it's going to be evaluated as legal for sure.

I am sure that one day Bitcoin will be declared valid by all countries in the World. Although it seems very unlikely because there are many countries that ban Bitcoin. But I have to stay optimistic about the development of Bitcoin that can melt people around the world.

Yeah for the next few years I think bitcoin will be more popular and bitcoin users will get bigger. of course the user has a desire for bitcoin can be legalized. perhaps the magnitude of the pressure on bitcoin legality will make governments change their minds to legalize bitcoin. thank goodness if some countries already have a thought to legalize bitcoin. besides that legalization for bitcoin can be beneficial for both right?

Yes, I am sure one day Bitcoin will be declared valid by all countries in the world. But surely not in this short time, surely it takes a very long time to wait for it to happen. If Bitcoin can always maintain its development and the price is always high. I'm sure it will make Bitcoin faster otherwise valid.

..it is up to the indian government whether  they legalized or not the use of bitcoin..but i think..they will going to declare it legal for the reason that many of their countrymen use bitcoin..Bitcoin is all around the world..we can not deny that people's support for bitcoin has increased. before may 31,,i probably may say that the use of bitcoin in India will become legal.

If Indian government had decided to take tax on crypocurrency that means it is going to legal. Hope government will be accepted cryptocrunncy legally.

Sure it will be declare as legal in all countries but not immediately, it will take long time to accept. Because of bitcoin popularity and growth many countries now declared bitcoin as legal in their country. The others keep watching closely the countries economic growth of bitcoin accepted countries. If the change is good and the economic growth is high means automatically the other countries also consider and accept bitcoin as legal in their country.

Legality literally makes no difference because there is nothing a country can do to prevent one from buying or trading cryptocurrencies. They do not have control over decentralised systems

Now there are so many countries that prohibit the use of Bitcoin. And I am not sure if Bitcoin will be declared legitimate. I'm afraid Bitcoin will never be declared legitimate and even more, countries will ban it. Whatever will happen later, I just hope that I can still use Bitcoin in my country.

Production of bitcoin is not backup with commodities unlike our regular currencies.This maybe the reason why it is not declare as legal but not banned as well since some merchants are already accepting bitcoin as mode of payment.So I think for now it will not be declared or totally accepted yet in the society.

Only time will tell as to whether bitcoin will be declare world wild as a legal tender for goods and services. Although, the way things are going not negative will affect bitcoin in the nearest future as many people are adopting bitcoin on a daily basis.

For the Indian government, the petition has been rescheduled to July, 2018. It appears the bitcoin advocate holds much stands of winning at the end of the day. I wouldn't be surprised if India accepts Bitcoin at the end of the day as many Asian countries are going for the cryptocurrency order.

Recently, a special commission set up by the Government of India has come to the conclusion that bitcoin can be recognized in this country as a means of payment, that is, it can fulfill the role of money. This is very interesting, considering that for a long period of time in this country there were serious disputes over the future of the crypto currency and it was in India under the threat of permanent prohibition. We just have to wait until the conclusion of this commission was fixed by the relevant decision of the government.

I think in a few countries, it won't change. Bitcoin will remain illegal.

As far as I know Bitcoin was declared legal in 2017

In my opinion it will take time to declare bitcoin as a legal. Huge discussion is going on.Good news is they have taken 1'st step to start 18% levy on that. I thought due to his popularity & increasing growth in international market, time comes shortly when its become worldwide currency.Countries should go with world and will declare bitcoin as a legal.

I think it will also be legal in countries where bitcoin can not be enjoyed yet. and I also think of the future. bitcoin will make money currency. it will cover the banks. in bitcoin that everyone will run.

to the extent that bitcoin will never be valid in some countries, because there are some countries that reject it and as long as bitcoin still has such characteristics the country will never accept bitcoin, and until now bitcoin will only be accepted in some countries that have used it from now on . Some time in the future there will probably be some more countries that try to use bitcoin but not all countries will approve it.

actually the Indian government is well aware that the cryptocurrensy currency cannot be banned and regulated by any country, so the government may be studying the workings of the digital currency, and is preparing technology support for that in the future, the government will surely follow the steps of developed countries like Japan, America, and other developed countries are starting to use bitcoin currencies, and it is very likely that the government will also make their own cryptocurrency currency, we can see the next five to ten years.

Although, this is a longtime thread but I don't see the Indian government issuing their cryptocurrency in the future because the India government are traditional. However, no one know yet about there plan towards the cryptocurrency regulation until it September because it was stated in their message that they are after protecting their from cryptocurrency scam.

Government will agree to legalize it, if they would be able to monitor/regulate it. There are a lot of users now but majority of people are still unaware or don't use cryptocurrency and those majority are governments priority.

They see crypto as a possible threat as it's anonymity could be used in criminal activities as stated by some government officials in some country.

A lot scamming cases arises recently involving crypto's which is not a good news in the community.

Yes,  bitcoins will be declare as legal
But matter of fact is that it can take time government is seeing all the pros and cons of making bitcoin legal.
After some research government can declare it a legal activity

Finance minister,in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems.

"The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system," Jaitley said.

All I know is one of the major factor that will influence government decision is that tax that will be generated and how it will be done by the exchange site. due to his popularity & increasing growth in international market, time comes shortly when its become worldwide currency.

It's a matter of the majority users who benefits from it and if these users would agree to regulate bitcoin by the government.

No government would allow something that they could not control. Government needs to have power in most of the things or else they would go to war from it. Like for example Resources and nuclear weapons.

i won`t be surprised if they will create their own "legal" crypto (something similar to ripple)

I think that at the beggining there could be some countries which will not be that "nice" about making it legal but after some times they could just easily follow the trend which other goverments will make.

In some countries it has been declared to legalize bitcoin because they can take advantage of it, some countries still have not taken action, some others still prohibit it because they think it's a threat, I think that mindset will change soon, the government will start legalizing crypto, believe me

I agree with you, the country that has been declared to legalize bitcoin will take the benefits of bitcoin and maybe they can apply the tax for bitcoin user so it means, they can get another income for their country. I am sure that the other country will follow their step and the cryptocurrency and bitcoin will walk together with fiat because cryptocurrency has a big chance to be legal in all country. besides that, cryptocurrency can be the next currency in all country too because soon, the technology will be better so the cryptocurrency has a big chance to be used in our life.

The number of people who want to see bitcoin currency is getting bigger, but the government of some countries is preventing it.

At the point when government is prepared to take a choice, nobody will compel them and I would recommend appropriating their choice line isn't the best as this would prompt superfluous theory which will additionally exacerbate the unpredictability issues encompassing bitcoin right now. All I know is one of the central point that will impact government choice is that duty that will be created and how it will be finished by the trade site. The minute this has been accomplished each other thing will fall in line.

I do not see any question for bitcoin to be legal. This is a good part of cryptocurrency. and there are no cases I can think of to impose on it.

They will be forcibly to accept Bitcoin and blockchain in the future, especially when half of the people in global are using Bitcoin for their daily transactions and some of them use crypto more than the fiat.

It is very difficult to say what will happen in the future with crypto-currencies, because they are very unpredictable. There are many opinions and each of them is justified and well-grounded, but these opinions are different. So I think that in time we will see everything ourselves.

Right of course, all countries will legalize it. I believe that, but of course it will take a long time because the state will not legalize until the era of technology  will come where digital currency becomes take over, so bitcoin will become famous later and will be legalized..

I think we will see in time. But it seems to me that it is unlikely, because it is almost impossible to control the crypto currency.

Potentially, the market of crypto-currencies in India can reach a mammoth size, given the number of people. Of course, the middle class in India is not rich, very many people may want to invest. And state control by the government of India, will bring her a lot of preferences, and in the far-sighted version, this is a deliberate position.

Already this Currency is legal in some countries, it's a matter of time

Bitcoin is legal for sure, it just that there are people using bitcoin in illegal ways and that's not really a good image for bitcoin and must be a stop for once one for all. Many fall for bitcoin scam programmed that managed by greedy people all wanted to have their selfish ways to earn money. Some countries now accepted bitcoin and hopefully there will more accept it in the near future to come.

maybe India is one of the countries that is still hesitant with digital technology (bitcoin) but the government must be able to see the people there who have used bitcoin as a trade and investment for the majority of the population and maybe just waiting for time the Indian government will take a firm stance legalize bitcoin and cryptocurrency

My understanding is that the usage and/or status of Bitcoin in India is legal as it is not yet decided by the court as they gave the government until September 11 to respond to all petitions... "India’s Supreme Court heard the petitions against the crypto banking ban by the Reserve Bank of India (RBI) today. After hearing some arguments from both sides, the court decided to set another hearing date, allowing some of the regulators involved to respond to the petitions." See more for yourself here. (https://news.bitcoin.com/indian-central-bank-supreme-court-crypto-use/)

All risks related to the ownership / use of Bitcoin are borne by the owner / user of the Bitcoin and other virtual currencies themselves, because Bitcoin is one of the crypto currencies that uses a block chain or blockchain system, if the problem is legitimate or not it depends on the country itself, because the country has the right to determine it .

maybe the use of bitcoin has been very broad and some countries have recognized and used it for legitimate exchange tools, but there are still many countries that still reject the use of bitcoin, especially poor countries and underdeveloped countries, and there are still many areas that have not been touched by sophisticated technology and purchasing systems and their sales are still traditional and still use conventional currencies

I think the use of bitcoin is only limited to developed countries, for developing countries it is likely that it still takes a long time.

I dont think no government will declare bitcoin legal in India after demonetization in India, Indian government had to reply lots of questions if government declares bitcoin legal then first they have make people educate Indian people what is bitcoin and then have to answer their lots of question so I think it is not possible in India. ::) ::)

Bitcoin is a type of money. Do we ever ask ouselves if money is legal or not? No. Money is legal however people can use it in an illegal way. The same with Bitcoin and any other cryptocurrency.

Bitcoin is a crypto currency which we use as a money but some governments does not recognize. If some body make plastic coin can u use that without government declare it as a legal tender??  :o

At present, there are countries that have already legalized bitcoin and crypto-currencies, but not everywhere they have the status of money. In some countries, the crypto currency has been given the status of private property.

I think other year or soon will be declare as legal this bitcoin now a days many peoples joining here trusting bitcoin also the other country they accept bitcoin as long as the government they accept already. So this bitcoin is a legal cryptocurrency were supporting this bitcoin many peoples need this we have a big profit here.

I guess that many countries were declared bitcoin as a legal and some of the country still not gives any statement. but soon, after they are finished learning about bitcoin, the other country will declare bitcoin as a legal too and maybe this will go to happen in the next year. we can only wait for the country gives the statement about bitcoin and we cannot push every government to declare bitcoin to be legal because the government controls the regulation of every country so we need to be patient for this.

Someday it will happen.

We are already close to this, many countries are finally beginning to understand that changes are needed, otherwise an economic crisis will happen again.

For now bitcoin is not yet legal as a currency, maybe in the future if the government can accept bitcoin then bitcoin can be legitimated as a currency and can be used as a transaction tool.

My country sees a great potential in it and our local banks are willing to even partnerships with other cryptocurrencies. It is still not regulated or legal but with the positive news that keeps coming, I know eventually it will.

I'm sure bitcoin will be declared as the legal currency someday, but reading about the thoughts shared, the idea that it will be legalized seems true. the problem is, the government still have a doubt on it, they haven't have enough bravery to take risks, and haven't positive fully about the benefits of bitcoin as the currency.

When government is ready to take a decision, no one will force them and I would suggest preempting their decision line is not the best as this would lead to unnecessary speculation which is going to further worsen the volatility issues surrounding bitcoin at the moment.the problem is, the government still have a doubt on it, they haven't have enough bravery to take risks, and haven't positive fully about the benefits of bitcoin as the currency.

It still depend on a type of government because every country has its own laws or regulations on currency. Most wealthy nations are inclined to allow the use of bitcoin and some of them are already legalized bitcoin as one of their currency. Other countries restricted the use of bitcoin because in their own laws, the cryptocurrencies are illegal.

hey guys, there is a piece of news today, we can discuss further.
If we consider big banks as institutions in the USA,
and they support or even encourage trading with crypto currencies,
can we infer it is a first step in the legalization?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients

in some countries it is legal but in many bitcoin countries it still has been said illegal, but with the development of bitcoin I hope bitcoin will be legalized in the world.

If govt want their good, good for country then they will give legality to bitcoin. If we look at prospect of bitcoin there is a possibility that someday the government will give legality to bitcoin and participate in it. Thats it

friend, I'm sure that India will not prohibit bitcoins

As for my own perceptions here, bitcoin can be declared as legal if the leaders of a certain country will accept the importance of bitcoin to people's lives. Without any hesitation in each country, bitcoin will surely be accepted when there's support from leaders who wants to pursue cryptocurrency.

bitcoin is declared valid or not, it all depends on the attitude of the country where we live because supporting or not the facts that occur now are more and more users and business people start using bitcoin in every transaction, so it's legal or illegal is not important because all parties have begun to realize the importance crypto currency because it provides convenience in each of their trading transactions.

Not a lot more that can be added to the thread except to say it won't be major World Governments that introduce Crypto to the masses, rather, it will be smaller, less well thought of countries that are often overlooked that will be the early adopters of coin/tokens/or whatever comes after them.

I remember that I already read about the country which accepts bitcoin as a legal thing but I do not remember where I read that news. I think soon, many countries will accept bitcoin as a new payment solution for their people so their people can use bitcoin and have bitcoin to solve their problem. but there is any country that is not ready to declare bitcoin as a legal and they still make a research about bitcoin to know how they can get the benefits of bitcoin to them.

Actually bitcoin has been declared a payment instrument in various countries, but for countries that do not support the use of bitcoin it is still not categorized as legitimate but the state also does not prohibit its ownership to be categorized as a commodity, it may still take a long time for bitcoin to be accepted as payment instruments in all countries, maybe 10 years ...

Maybe in the future each government in that country are planning to make Bitcoin as legal currency because Bitcoin helping family to make reach their dream and also to help their own family,relatives and their own needs. Bitcoin helping investors to make easier find a good investing unlike on company they needs a lot proposal or ads to convince the man to invest their company Bitcoin is easier than that and easier to reach them out.