Bitcoin Forum

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

But of course government should consider bitcoin in the near future  as a legal global currency due to the fact that bitcoin is so widespread across the globe and can be used my almost everyone. If Japanese have already done it why can't we? This consideration of bitcoin should put us one step ahead into cashless society. Even if there are risks in allowing bitcoin as global currency I know that someday in the near future there will already have the answer how to fix it.

If Japan has been able to finally legalize bitcoin, it only means that they have belief over it and that it really has the potential for the good of rhe economy. I personally think that government should go along with the step that Japan made for bitcoin since it actually benefits and help people and government legalizing it would improve this community.

I don't think the government will do that.
The government has its own legal tender.
They can control the legal tender.
And bitcoin is the world's.
It's anonymous. The state can't control it.

It would be great, however it is never going to happen for the following reasons:
1. By controlling the money supply governments are able to manage their economies for their benefit (usually at someone else's expense)  
2. The banking industry will fight tooth and nail to stop it as it will cost them a fortune in lost revenue.
3. Politicians and civil servants will hate it as money is power and it will take power away from them.
All of which are great reasons to try to make it a global currency.

.         In my opinion , it could be  consider it as  a global currency, to the fact that everybody is using it by big companies and investors. It is just great to be part of Bitcoin world, while all your payments from campaigns Will be transferred or exchanged to loca l currencies. It is something that of course more than currencies, an assets  that you can gain more profits when you are investing in to it

For me it would be nice if btc is legalized. The common people would greatly benefit from it and maybe help with poverty and change lives. The big problem though is greed. From people who wants power. They cannot control btc that is why a lot of people think negatively and bad mouths btc and wants it to fail

I don't think the government will do that.
Bitcoin is anonymous and global.
The government cannot control bitcoin.
If bitcoin is the legal tender.
It will hurt their interests.

It is a good thing to every country to legalize bitcoin as their form of currency. Because once they have pass a law regarding the legalization of bitcoin surely, change within a country will be happened. Reducing of the rates of the unemployment and poverty will be done and the good thing here is it will soon be eliminated if bitcoin will be embraced by a certain country.

Bitcoin is widely used in the world. Many people who invest in bitcoin always ask: "Bitcoin is legal?" Due to the limitations of virtual currency management, bitcoin has not been recognized in some countries. I think bitcoin will be legal in the future

I don't think they don't need to ıconsider bitcoin especiallyı as a legal currency, at the same level with their local currency. But if they consider it as a legal commodity, currency etc. it is good.

Even if the world admits it, China will not admit it. Most bitcoin is in the hands of Europe and America, and once admitted, China will become a slave to Europe and America. China will only develop its own digital currency, controlled by the central bank, and BTC fans will never expect bitcoin to be consumed in China.

It is not clear what you mean by "legal currency"

Could you clarify your question? If you mean legal currency as in legal tender, this is not gonna happen in the foreseeable future, if ever. First, now when major countries are going to regulate the hell out Bitcoin, the whole idea looks ridiculous (well, at least to me). Second, universally recognizing Bitcoin as legal tender, i.e. at a global level, necessarily means recognizing it as such at a national level but that in effect means making it into another national currency, a competitor to the existing one. Why would any government ever want that?

They should be. They are already earning from bitcoin by placing those taxes. That is how greedy governments are. If you do not pay your taxes then you are a criminal to their eyes.

This is not possible for the all countries to make it global currency as they can't control it. As of now, no one know who is controlling the bitcoin price and which countries have much bitcoins. countries are thinking about the crypto currency and they are looking the option of their own control crypto currency.

Currently, bitcoin is not considered legal currency, bitcoin is a reliable virtual currency. Bitcoins are not owned by any country but they are used to pay off in a lot of countries. In the future, bitcoin will be recognized by many countries as legitimate, and if development applications meet the needs of consumers, bitcoin can completely replace the cash.

In 2016, the number of businesses adopting bitcoin has surpassed 122,000. There are many big companies that accept bitcoin. Vd like Dell, microsoft, Dish Network, Expedia, ... japan is very smart when considering bitcoin as legal currency. This helps the Japanese economy to develop

In all country's government, it is illegal to create another currency. Bitcoin, being a currency makes it illegal. It just so happens that it is a 190$B market that they need to accept it and subject it to regulation. The problem is, different countries have varying laws and thus makes it complicated to reach an consensus regarding global currency. Imo, it is impossible.

I would love to hear that governments from more and more countries will consider Bitcoin a legal global currency, but of course, that's a thread to their economy, finally the people have the power and there will be some problems.

Not all governments are friendly to bitcoin.
Many countries ban bitcoin.
They think bitcoin is a scam.
So it's not going to be a fiat currency.

I don't think so because many countries like Tunisia don't accept bitcoin he consider that cryptocurrency don't legal and a method to hide the source of money

If the government are looking into the future then they should consider bitcoin as a legal currency, but the reality the government some government already made the right choice to look into the blockchain technology. Perhaps if they consider to join the cryptocurrency movement, they will create their own coins which they can control because as we know government banned bitcoin because they cant control the flow of it nor they know who owns the biggest shares of it which could manipulate the price anytime  ;D

The government in my country has not yet accepted Bitcoin as a legitimate currency, and that has caused a lot of debate in my country, many say that the government should allow Bitcoin to act as a currency and give People use it, but somebody should have banned Bitcoin because it affects the economy of the country

Everyone like to see their country to pass favorable law for bitcoin,each government will take steps according to what they seem to understand about the new technology and so is the reason most countries are taking its own time to pass the law,one thing is sure that they will make strict laws to counter money laundering and every transaction will be transparent .

I think if every government do a form of legalization to bitcoin like today is done by japan country really I can not imagine will be how much the price for bitcoin. because if every country does a legalized form of bitcoin, of course this is a gap where every investor in the world will go in and invest in bitcoin and I think the bitcoin price will get out of hand.

If it is possible then i'll be grateful for it,as it is a good news and a new beginning for our country.Embracing bitcoin as a new currency is a big help to every individual due to its unique nature.However i don't think legalizing bitcoin is nearly impossible to us,we have a non progressive country and a greedy government not like japan (sigh).Besides,many banks on our country will surely be against it as they might lose some of their revenues.And another reasons are
 because of bitcoins volatility and anonimity that the government can't control and might think of not taking its risk.

I think that governments will not allow Bitcoin to be a legitimate currency, which could happen in the future if those countries have a change in government executives if the government is Renewed new laws will be promulgated, and this will make Bitcoin more prosperous in the future

I also don't think that is possible. My reasoning is that blockchains are totally against the governments tax rules. Main income of many governments are only taxes especially those in developing phase.

Absolutely yes, this is the era of digital currencies, and the number of users Bitcoin in progress over time. As well, The prevention of this currency by governments has led to major problems, especially in the global economy.

In addition to that, the good news is that some governments have recognized it as a legal currency (like, Japan...) and this is a good beginning to recognition of this era.
It is certain that many countries will resort to Bitcoin recognition and very soon.

I whole heatedly agree with you, boss. The earlier any government accepts bitcoin, the earlier its economy system becomes better.

Bitcoin is the future of money and there is no doubt in this. By looking at the present progress pace, it won’t take bitcoin long before it hits down every road. Japan is the smartest Asian country when it comes to technology and possesses foresight in relevant matters.

Japan is really an example to follow and this country is doing a lot for the development of Crypto-currency! There are hopes that in the future other countries will understand all the advantages of crypto currency and blockchain technology and will be implemented as Japan in their country.

I don't think some governments will do that.
In some extreme cases, bitcoin transactions are banned.
The bitcoin transaction is considered a hoax 'so it doesn't make bitcoin a legitimate global currency.'

If you ask the crypto community if bitcoin should be legalized or not people would definitely want that the governments should consider bitcoin as legal currency but when it comes to governments many of them see bitcoin as a threat to their economy because if people use bitcoin people wouldn't have to pay taxes to the government and the governments won't like that idea at all that is for sure. This reason may cause many governments to avoid bitcoin as a legal global currency.

It's also difficult to implement such a process as many people will have to deal with such a process just as time as you do not have internet you can not send bitcoin to someone else.

This particular subject of legalized of bitcoin is probably a great opportunity for bitcoin and also for us as a traders and investors because it is what we are waiting for, to become a legal matter of bitcoin in each country. However becoming a legal matter of bitcoin is truly have some factors that were going to happen if it would be done, and it is the price of bitcoin will become that higher and higher compared to the current price that we couldn't afford to buy it.

most countries have not made up their mind and many of those which have already made up their mind have considered bitcoin as a commodity or something like that so that they can have an easier time taking taxes on bitcoin.

and that is understandable with the way people are only investing in bitcoin and not using it as a currency much these days.

Most governments are totally against bitcoin due to the fact that it's decentralized. They have no control over it which is against what they would have wished for. They cannot manipulate it as well like fiat. In a nutshell, governments should recognize and legalize btc, but we all know that it is next to impossible for now.

Bitcoin for the sake of governmental easiness should be put in the same category as Gold, especially with so many similar characteristics. Gold is quite often considered to be a currency as well, and that while it doesn't enjoy any use in that specific category at all. For me personally the name (asset, currency, commodity, etc) people think Bitcoin should have doesn't matter a sigle bit, since it's only the usage that matters here. Not sure if people will ever actually start using Bitcoin as currency with how the price keeps going up and down, but at least (with LN to enhance the experience) people will know that Bitcoin itself won't be the limiting factor. From that point it's just a mindset thing that people need to get over.

With the development of the currency, more and more countries began to interested in this kind of digital assets, some of the "tough", some are "ambiguous", but it's not hard to see, legalization of digital assets will be the trend of The Times.

All this takes time to achieve!

Unluckily, it isn't in government's interest to consider Bitcoin as a global currency. Banks are often the property of the state so they would shoot itself in the foot recognizing it as a universal currency. Banks have many disadvantages and they are afraid of confrontation with new and innovative type of a currency. Nonetheless, it seems that in the end they will be forced to recognize Bitcoin because otherwise people may in the next few years completely abandon the use of bitcoins.

I am not aware of it. To which extent has Japan "legalized" Bitcoin? Which are the exact implications of that in Japan?

It is hard to do bitcoin as our global currency, it would take a lot of debate and each President or government would not allow this to happen, it would take a lot of effort and it took time before it would finally lead to global currency. And as of today, let us enjoy the perks that it is giving to us the opportunity to gain and many more.

Legal tender is defined as a payment method that must be accepted in settlement of a debt. It does not have to be accepted as part of everyday transactions. Bitcoin is a long way away from being accepted as legal tender.

If the government wants it will not be legal because all countries have a currency. The government can calculation for this currency and through this the government can know its economy position. Bitcoin is the online currency. It is not very easy to calculation for economy position. So it does not make it legal.

It should be, since bitcoin is a currency accepted by companies which could transcend human even further but most of the governments not only here in our country does not trust bitcoin due to its nature and it bypass tax here in our country. which the government does not allow even so bitcoin being the global currency is a big help for everyone. i looking forward for the time it will happen. since japan already started to legalize it, it will create a chain reaction and sooner in the time will let other countries to legalize it as well because the countries will see the effects of legalization of it in the japan which is positive and cause them to do it to.

I think they should think considering bitcoin worldwide in legal terms. Since they can't stop the growth of crypto society and the usage of crypto currency globally, why not have  arguments and discussions about BTC usage and with the Fiat.

I think it's possible that one or more country will consider Bitcoin as a legal currency but a global currency I think It's a bit impossible because more often than not bitcoin was currency that can be use in some illegal activities and criminal groups with their activities, that's why more government will look bitcoin in a negative way the harm that it can cause and the chaos it might cause because more than anything they always thinking of regulating and taking control of this crypto currency

I agree with this, lots of improvement are yet to discover if bitcoin usage and capabilities would be maximize if bitcoin would get legalize by government but because of its nature as what he says bitcoin cannot find its value to this world even though it provides good benefits, and the people who uses it gives the bad image to it that is why legalization is hard for government to implement.

Not all countries talk about bitcoin as a legal currency, and some countries ban it.
Because bitcoin is decentralized, it is anonymous and the government cannot control bitcoin.
So the government will not accept bitcoin as the legal tender, which will hurt their interests.

if in my own country, the existence of bitcoin is not yet clear. because the government has not agreed if the bitcoin is allowed to circulate or not. so the bitcoiner in my country is still confused and uncertain about what the government wants to decide in my country.

Yes ,because in many countries its considered as a units of account and not as a legal tender,So thats true that bitcoin will not be a legal global currency,because today there are no (international or local)regulations about its emission,Mining is not a subject of regulation and it does't need special licenses.for example as i know in Germany bitcoin is  considered as a transfer of a good and not as a payment method,despite the fact all of this issues depend on countries different approaches,some of them has liberal approach and some of them very strict so,this consesus can be achieved only by an effective legislative basis.

I really hope so. Japan is a big country and they are very smart and practical people. If they legalize Bitcoin as a currency then it only shows their belief in Bitcoin and its technology and the things it can do for their country and people. Hope more countries will see it that way and follow Japan. 

In my country there is almost no talk about bitcoin and anything related to it even then some laws are going to be passed but it does not recognize bitcoin as a currency and to me it makes sense, that happened in Japan because the level of adoption there is insane, and the government is trying to find ways to stimulate the economy and this one was an easy one since they did not need to do anything except to pass a law.

I think the government should immediately legalize bitcoin because it already exists in some countries that begin to legalize bitcoin as a means of payment and transaction tools how easy to use transactions with bitcoin we just use bar code only and we no longer carry paper money to transact. . . . . and if governments in various countries start discussing bitcoin, the government should immediately legalize bitcoin because bitcoin is a very easy and fast digital currency to transact and a very secure security system for holders and bitcoin users. :)

Who will be responsible for the consequences? Governments cannot predict the consequences of legalizing cryptocurrencies. Therefore, it is easier to ban the cryptocurrency. Each user of a cryptocurrency is worried about his well-being. Therefore, there is no unity in the bitcoin community. If we could stick to a General strategy that can be a lot of misery we could avoid. But it's the lyrics.

I think its importat that this happend, will be the NEW WORLD

It is a nice idea if a government consider btc as a currency but I  don't think they will do that. Each country has its existing currency and I don't think they would want to add up another one to compete with their currency. In that sense alone I don't any government would consider that.

I think it depends on country by country.
Some countries already accepted as legal but some countries not.
It should be legal whole around the world but there must be some regulation for it.

its better if to the government we talk about blockchain first, give government the understanding about blockchain and then cryptocurrency,
if we give em a lesson about bitcoin, of course they will reject it, because the didn't know technology behind it and of course maybe the government will consider bitcoin as a legal global currency

I really wish that bitcoin will be legalized in my country, it can make bitcoin grow faster  and then I can  easily spend bitcoin every where, but unfortunately that will not happened soon bitcoin  still consider as a dangerous currency, my government afraid that we are going to used it for money laundering and buying illegal things

if Japan has done something like this and if Japan really would start to benefit from it I guess this legalization would make a domino effect to the other countries as well and they would go in Japans path.

Bitcoin is already a legal currency. The only thing that government needs to do is to accept bitcoin in their lands. Bitcoin is a cryptocurrency, which means it was created or developed solely for the use in the internet world. It cannot be used as a global currency because it has many limitations in terms of physical aspect. For example, no internet you cannot use bitcoin. I suggest you must read several topics about this one in the previous posted topics.

It's been a good idea around whether making bitcoin a legal currency globally but let us not forget the fact that some countries are against cryptocurrencies that makes it hard for bitcoin to be a legal global currency.

Yes as per news says Japan already made bitcoin as a LEGAL currency and payment method, but I think throughout the world when it comes to payment method because some business is accepting bitcoin as a payment, it's just that when we talk about making money and change it into other currency in that we always have the argument about legalizing bitcoin.and in my  opinion there will time that government will go to decide to legalize bitcoin if they can put taxes on bitcoin. It's simple logic that if you ask something to someone they are going to say yes to it if they can profit from it as well

I think government should consider Bitcoin legal in global currency, because as long as it do not harms the society, or community it can be possible to be legit. But still there should be a thorough study and research about it before it happens.

Since the crypto currency has no territorial boundaries and has spread all over the world, governments of all countries are forced to consider the process of its legalization for official circulation within each country and its certain regulation, the establishment of a tax on income from the crypto currency. Each state can not help noticing the presence of crypto currency in the country, since it exerts a strong influence on the economy and financial settlements between citizens and other business entities.

If the government introduced bitcoin as the official currency it would be great! I think so, but what do you think?

At this moment, the issue with Bitcoin with regards to legalizing it, is its marjet value volatility. But I think if ever it will be legal to most of the counteies or globally, the problem will be solved sinxe the demand will be high which will make its price highly stable. But it still depends on the government of every country wether to make it legal or not. Surely they have basis, knowing that Bitcoin is volatile. But i am hoping that in the future, it will be legal worldwide.

I'm jealous of Japan though.They know what to do at the right time.That is how they are so successful.I would love to see Bitcoin as a legal currency in my country.I hope that our government do the right thing about this.

Yes, they should, smart countries are already legalizing Bitcoin and jumping into crypto nation strategies. Eventually, every government will legalize Bitcoin, but it would take some time.

I am still waiting to read where the Japanese fully legalize bitcoin as a legal currency because I am yet to read the official release to that effect but considering bitcoin as a global currency is something that might not happen in our life time. Since the 1970s there have been some machineries put in place to ensure that the countries in Africa adopt one current but till today, after several years, its still not possible not to talk about a global currency. Should government consider it? Yes but not anytime soon.

It is possible but so many country are backward in social media and and internet usage. Therefore they are not having d same strength in doing things in common therefore it will take time before this will gell. Divers of tongue , different languages and different way a of thinking and reasoning.

It's never going to happen since governments can't control it. Also, it's too difficult for the average person to transact with it. And it's not stable enough to be a currency. Plus if the internet goes down or all computers get hit with an EM pulse (atomic blast) you can forget about all cryptos!

In my opinion for this moment mostly of the government woud"nt legalize bitcoin as a global currency for the reason that it is anonimous currency that not  associated with the  central bank in the sense of they  could not regulate the bitcoin transaction but we all knew that every country now doing a deep investigation in planning to resolve on how to regulate bitcoin so that government benifitted with it.

I think governments should come on-board with this new innovation, as to legalize the currency on a global scale. The currency has its own potentials and values which could also be of benefits to the government. So, i believe the government should look for a way to curb the regulatory challenge, so as to effect it on a global level.

I think it's hard for governments around the world to legalize bitcoin.
Because in Asian countries, many countries face the problem of corruption, if they do not limit the bitcoin, so there may be many assets transferred abroad, this is what they don't want to face problems.

The government cannot control bitcoin. As of now, no one know who is controlling the bitcoin price and which countries have much bitcoins. countries are thinking about the crypto currency and they are looking the option of their own control crypto currency.

Bitcoin should be consider as a legal global currency because if the government will just take their time studying bitcoin then i think that it will be a really great thing for them to use since bitcoin is fast and also cheap which they can use as a gateway to do some big transaction without worrying. If they will consider it as a global currency then a lot of people will use it because of the benefits.

Our government allows us to use bitcoin and there are some business that accepts bitcoin as form of payment but they don't  consider bitcoin as legal global currency in our country.I think it takes time that our country will accept bitcoin as legal currency.

I don't think so that government will consider bitcoin as a legal currency looking to the present scenario. Bitcoin is anonymous and global. The government cannot control bitcoin so basicallly it will never consider it a legal affair

I do not think my country will use Bitcoin as its legal tender. My country has issued a regulation that limits the trading of cryptocurrencies. It prohibits the publication of advertisements on cryptocurrencies on all major platforms. My country does not consider Bitcoin legal and they think it is against the law and do not advise people to invest in Bitcoin. This is bad news, but I will still insist.

I think the government should consider this. According to the development of bitcoin, it is believed that it can spread all over our country in the near future. Therefore, it is beneficial for the government to consider bitcoin as legal tender.

 I think that it could be  consider as  a world wide currency, To the fact that all are using it by biggest companies and investors. That is a great to be part of Bitcoin in the world, while your payments from campaigns Will be transferred to local currencies. It is a few that of course more much than currencies, a property  that you can achieve more much profits when you are investing into it. :'( :-* :-\

No No No, The Govt. must be controlled Bitcoin. Most of the user know that who are controlling the Bitcoin. The Japan Govt.  has permitted the Bitcoin in there country just now. So no need to afraid to Bitcoin.

My view is that if businesses are willing to accept cryptocurrencies as payment, then government needs to learn to get used to it. Society shouldn't be forced to halt productivity just because government is too slow to adapt

Yeah, but in your example, I use an other example: if businesses are willing to accept canabis (idea) as a payment method, does government need to deal with it? No, they can choose what is legal or not.
Most governments don't trust bitcoin, but apply tax on them. You can't play on two side board, and without properly answer from government, bitcoin is a legal global currency. Government can regulate bitcoins with tax and prohibition, but they can't totally kill.

I do not know if my country (Germany) wanted to get involved in this, but if I did it without doubt it would be a great social and economic advance.

First of all, bitcoin is not illegal in our country. The fact is that the government tend to regulate wallets that is intended for bitcoin and some cryptocurrency already apply to be added as regulated currency and the central bank is currently working on it. Whether ot not other cryptocurrency is accepted or not but as long as bitcoin is regulated then all other crypto are also legal in my country.

it depends on the government itself, and, if any country imitates the Japanese policy, regarding the crypto currency, it is also their right
In essence, bitcoin is only acceptable, by a country willing to accept bitcoin
and preferably, the government that received bitcoin, passed a law on bitcoin

That is the best thing for Bitcoin. It will boom like mushrooms if government considered it as a legal tender currency. it can be used as medium of exchange and payment for commodities and services.

The Republic of the Philippines also accepted the bitcoin as legal currency. In fact it’s central bank approves the registration of 2 companies to engage bitcoin exchanges.

As far as I'm aware bitcoin is not illegal in majority of countries. However, to become a global currency in formal way it's not very likely and not all governments could make joint decision about that. But in great deal bitcoin already is global currency because it's used all over the world and for the users this is enough.

All banks are frightened of the shift in ordinary people going outside the banking sector and like governments around the world it threatens their strangle hold on wealth.

You are right no one can control the crypto currency because it is digital and no one can ever take bitcoin. now in a lot of countries bitcoin is popular and government are think about to make bitcoin as the legal currency, if we buy bitcoin and hold for the long time it will make you earn so in this way if people are paying tax with bitcoin it is earning for the government as well so it is for both the people, and the bitcoin.

In most of the developed nations the government already made bitcoins legal in their region as the government of those nation understood the value of bitcoins and its worth and how it is going to help in the economic growth .But in some Asian countries the government banned bitcoins as they are not much aware of what bitcoins are and how it is contributing in the economic development and so they put a ban on btc.I strongly suggest that all governments should  make btc legal as it will do lot of benefits for the nation as it is one of the best investments in the current scenario just like the share market investments.

I have many doubts that governments will do this. Yes, Japan made probably the wisest step, and now Japanese traders are very active on the market of crypto. However, globally Bitcoin might be not called a legal currency.

It is up the country’s policy whether they want to accept bitcoin or not. It is the responsibility of the finance experts of any country to give something to the policy makers about bitcoin to believe in.

Every government official may not be having a clear idea about bitcoin and its effect to the economy whether it affects directly or indirectly, here the role of people having knowledge of currency and economy comes into action, they should have enough proof about how bitcoin can play its role towards the development of the country.

That would be great. That's a good way to unify the whole world; by having one monetary system, that is, bitcoins. With bitcoins legal around the world, then we won't have to worry with exchange rates and money changing booths. We'll all have to depend on bitcoins.

Of course, government should accept the fact that cryptocurrency is the new era of currency. It spread all over the world and used by other countries. Government should starts and try to understand the crypto, its use, and affect to the economic. I hope government now a days will be regulated to their countries our beloved Bitcoins.

In my country, government has not legalised it yet. However, a few changes in finance policy, are reflecting that soon Bitcoin will be accepted as currency for at least online transactions or money received through crypto exchanges will be accepted after paying due taxes.

Now the government does not support the currency trading in many countries, these countries is not friendly to the currency, the government will no currency as legal tender, the currency is anonymous, is scattered, countries can't control, countries cannot make supervision to the currency, so don't put the COINS as a legal tender

They certainly would not! If the governments were to choose between banning Bitcoin or placing tax on it, the sure bet is that, majority would jump at having it banned instantly, because they can't stand its competitive edge over their local currencies. It takes only a progressive minded and free country like Japan to be willing to stand up for technology and innovations, most others, because they've things to hide, would not support any technology that could wash their dirty linen in public.

Well, I don't know... kinda scary idea, this world currency is. Bitcoin could however serve this purpose. As it is decentralised and by design "influence free", by this I mean no one will be able to lock you from your coins, sweep you of the grid etc.
But there is one more factor here, governments are full of older people, some of them "cant even in to internets", I can't imagine how and when, such concrete political establishment could understand and appreciate cryptocurrency's values. And I'm completely neglecting banks opposition.
Japan somehow made it... but they are weirdos ;) 20years ahead of everybody else...maybe some day but not soon, rest of the world will follow them.

Off course why not. Bitcoin is already helpful as the other currency  it is really not just a currency. Instead,it also allows some people to invest in it. Still there are some countries that doesnt legalize it because of the illegal use of it in some deepweb sites. But I believe that it is not really the reason behind it and I would be really happy if it is gonna be legalized.

I really hope so, Japan successfully legalized Bitcoin as a currency which means they have a firm belief that it will help their economy and their people. Now that it is leagalized they can maximize its potentials to benefit their country. I am excited to see more countries to follow the lead of Japan for the future progress of each country's economy.
 

For now, there's no restriction about cryptocurrency in my country. Though the government keeps on warning the people to invest in bitcoin unless they know what they are doing. It is understandable because most newbies who doesn't really understand how cryptocurrency works might lose a lot of money. Overall, our government is open to cryptocurrencies, maybe sometime in the future they might introduce some regulations to legalize bitcoin in my country.

Considering the recent incident about US and Bitcoin, it is still in decision how will the government will regulate the Bitcoin or ban it. But for now, they are considering the cryptocurrency and how it will be secure. As for my country, it is been legalize yet and no restriction or law has been done but a warning to be aware of the transaction we are done to prevent scams or what so ever.

Yes of course because can be used as a legal currency all over the world as Bitcoins are accepted everywhere nowadays... I am from India and its not decided till now that it's bad or not in India is not illegal till now or legal till now.... In fact Bitcoin is not illegal but Bitcoin gambling is a type of illegal as gambling is illegal all over the world... And our Prime Minister and President is also decided about the Bitcoins so it may be confirmed legal in some days.

Governments around the world are trying to come to terms with risks and benefits of considering crypto currencies as legal currency. They have to take into account some critical aspects, such as consumer protection, taxation and above all, criminal activities.

The regulation is a mosaic of different opinions around the world and I think Japan is a pioneer, having already legalized the use of digital currencies. Something needs to be done in the near future as a new disruptive economy has been emerging very fast and governments cannot ignore the problem for long.

The consequences of legalizing bitcoin? Bitcoin is not like alcohol or some other substance, bitcoin is just a coin and it does nothing by itself, if the adoption is big then that is going to bring prosperity to the country if it is not then nothing happens, the only bad consequence of this could be some criminals using bitcoin but that is inevitable after all criminals are going to use something whether it is legal or not.

In some countries bitcoin is not adoptable because of its volatility and tax revenue issues. The government are still in the process of providing a regulatory control to avoid its users of being victimized by hackers. To ensure the proper knowledge of bitcoin process. Eventually and hopefully sonner they will accept the reality that bitcoin is our future and our future global currency.

I think that Japan embracing bitcoin as their legal currency is a good example for those countries who did not, moreover banned the cryptocurrency. Because of it's benefits from different areas and fields. Most importantly it has a great impact in improving the economy of one's country. If they believe of it's potencials from the people and economy, then why couldn't we?

Yes it will be better if they make it legal and regularise the crypto space . Instead of regualr fud and market manipulation it is better governments regualte them and tax them instead of making it complicated.Penetration and usage of crypto cannot be stopped ,rather can be taxed and used for development purposes.

This is what the Bitcoin users waiting for to consider Bitcoin as legal currency. It might be with some regulation to make Bitcoin alternative because of the existing legal in circulation.

It is a good idea to look at japanese government. Bitcoin had been finally legalized there and today it is growing rapidly and bring many benefits to people  and economy of the country. If some big countries in the world having economic power follow  to accept and legalize bitcoin, bitcoin could be accepted easier to be a global currency. May be  it operates as an alternative payment instrument and not to replace fully the local currency.

Yes absolutely, if bitcoins will only be used in a proper way then there will be no crimes and other illegal transactions. It was a huge advantage for japan to use bitcoins since the value of cryptocurrency in the market is continuously increasing and they will probably use the profit that they will earn to improve their own economy.

Of course I think that any country should come to that decision and afterall allow top cryptocurrencies to be used by the general public. To legalise and integrate it into the economy the right way.

It must be legalized before Bitcoin is considered a legal global currency. It must passed though a series of discussions and lobbying. The government must weigh the pros and cons of Bitcoin to our country.

yes, they should and they will in a few years.

Of course as a Bitcoiners I want my country to legalize Bitcoin like in Japan. because with the legality of Bitcoin in a country, then people's trust will be higher on Bitcoin, and certainly Bitcoin demand will be more and more, and will affect Bitcoin price. and certainly if my country legalizes Bitcoin, it will make it easier for me to trade with Bitcoin Digital Money for various needs.

I don't think the governments are ready to accept bitcoin as a legal global currency. Bitcoin is something that they don't have any control over and that is something the governments hate and wont ever let grow. But bitcoin has grown big enough that banning it is not an option and only time will tell what happens.

In reality, i think it is about when governments would start considering bitcoin as a legal global currency, perhaps when crypto market capitalization hits the tens of trillions mark, then they would not have option but to really consider it as a major currency option

japan government already considered Bitcoin as legal currency and many country are about follow

My country is not accepting bitcoin because of the old financial laws that have not changed

actually why only bitcoin? why not also the other 23000 cryptocurrencies as well and why not the remaining 5 million ones that also will come, lets start abuse all those that work or think money i valuable.

yes, of course every government should consider bitcoin as a legal. i think nobody can stop blockchain to thrive in the future. so rather than banned it, why dont just make it legal?

Information technology is developing strongly. Bitcoin has many benefits and advantages. I think that the government legal bitcoin is a good deal. That promotes the economy of the country. Payment process will take place quickly.

Yes, I think that governments should make an action right now, Japan will be the most advanced country in the next few years, one of the reasons here are the legalization of bitcoin, because of this, Japan's economy would be more advanced than any other country, and this is why countries should make an action as early as possible.

Yes, it should. Every government should except it and I'm waiting for that day.
Bitcoin is not yet ready for mass use, but it could be developed more.

Yeah you're right mate. Bitcoin gives many benefits to us as it will able to add our financial aspects in life. In some point, bitcoin doesn't see everyone as good impact since there are some countries think that bitcoin will really affects their way of living which is so opposite to those countries legalized bitcoin.

Bitcoin is the name of freedom there is financial freedom and freedom from traditional bank,People want change and became fade up from old fiat money which is risky.While Bitcoin can used globally and make transactions safely and quickly,Government should legalize it that common people take benefit from it.

That's true there is the possibility, because the government see that it can help people has a big help to the people and it can helps to solve poverty. I think sooner there are more government accept btc. Especially today government should legalized bitcoin because there are many people already wants to invest in bitcoin, so i think they need bitcoin to legal global currency.

yes i think government should consider bitcoin as a legal global currency. Though bitcoin is more valuable then dollar but still it is not legal global currency.I thing one day dollar loss its value and bitcoin speared global currency.

For the government of most countries in the world it is extremely unprofitable to make the Crypto currency an official way of paying for anything ... only if this is not their own crypto currency, but in this case it will have little in common with the classical crypto currency. It will be centralized and it will be easy to track all payments.

Yes of course the government should consider Bitcoin in the near future as the global currency is legal due to the fact that Bitcoin is widespread throughout the world and can be used almost everyone. If the Japanese have done it, why do not we consider Bitcoin. To accept it and submit to the rules. The problem is, different countries have different laws and thus make it complicated to reach consensus about the global currency.

I think government only consider bitcoin as legal global currency if they can put taxes and regulations that people must follow. But i think it is better  if bitcoin become legal in many country like what japan did,because we can use it anytime without fear and doubt.

At the moment, there are no regulations or legal frameworks for administering Bitcoin transactions from the Government, the use of Bitcoins as payment instruments is not recognized and protected by law.

i think that most of us are hoping that btc will be accepted as a legitimate currency. however, when the goverment issue the law to control btc, it's mean you must Pay extra fees for your transactions, thus that newbies in trading will have a difficulty to invest with  amount of small money.

I  think that most of us are hoping that btc will be accepted as a legitimate currency.if they can put taxes and regulations that people must follow.That promotes the economy of the country. Payment process will take place quickly.It will be centralized and it will be easy to track all payments.

In Japan, bitcoin is recognized as a means of payment, not a legal legal currency. Now almost all states are also faced with the choice of recognizing or not recognizing crypto currency as a means of payment. The results of such decisions will be different and contradictory, since the crypto currency is a completely new and completely unexplored phenomenon. Crypto-alyuta should eventually go to all states, but for a long time it will have a different status.

Here in philippines it is now legal some banks are already supported and   make bitcoin as a partner to help the uses to change crypto into fiat in an easiest way,and so for many other things that uses cryptocurencies.

I really don't know if the government here in my country are ready for that but in some reason they'll make a regulation about bitcoin and I think this is a good start because there's a chance that bitcoin will be legalize here and I'm sure the government of the Philippines will have a plan on that because bitcoin is really big help for my fellow Filipinos.

I do not think governments will legally see crypt money. It's hard to have a common currency when there's so much crypto money.
It's not a bitcoin that's supposed to stay on top of the government and the banks. Blockchain!
With the blockchain base, the technology will go up very high.

It is a very difficult in india to consider as legal currency because india government think that bitcoin will damage their system.so in india it is so difficult to consider as legal currency.

It will be a welcome idea but based on reality its difficult to happen as most fear the use of decentralized tokens because of the anonymous transactions it is..

If bitcoin has stability of value, has a basis and qualifies as currency then there is no reason for the government to forbid it. And I think that bitcoin should be legalized as the world currency. Because if bitcoin is qualified as a currency it will be better than the US dollar.

Of course it should, but I guess it won't be in such way. In many countries we can see a dictators, who want to control people there financial system.
In this case I can predict that they will block Cryptos in future, because they are afraid of them.

The government is still skeptical about bitcoin because its a currency that is out of their grasp to control. But if the government looked at the benefits bitcoin can offer if its legalize they would realize that they would gain more than lose. Legalizing bitcoin can be a huge step to reach higher heights with the platform, bitcoin can act freely if its legalize and users would definitely be benefited.

Of course yes! Firstly, this will positively affect the price and stability of coins. Second, the commission when transferring to another currency is not needed because you can pay for crypto

Yes, recognizing Bitcoin or cryptocurrencies in the eyes of law would not only help the industry to grow in a structured manner but also it will help the governments to eliminate the negative elements. If someone has the option to purchase or sell Bitcoins through a KYC enabled platform approved by the government then why would someone go with cash transactions. I personally have no issues with the platform if it is sending my wealth information to the government, I don't have issues with taxes too but I need control of my wealth with me and not with someone else.

It's never considered a legal global currency by most of the governments. Very few governments have given support to bitcoin to be used same as the currency that we use around the world. I never expect government to consider it legal, but I expect governments not to get into the regulating of bitcoin usage which at leads to the drastic fall of the market.

It is better if the government considered bitcoin as a legal currency as it is globally used already and it eliminates people hiding from the government about using bitcoin as an investment or work for daily needs or for payments or for anything legal.

There are still a lot of county or government that is against the bitcoin and dont trust bitcoin as it obviously can be a part of illegal transactions in all over the world and already use in the black market but obviously if the government allow the bitcoin in many places the bitcoin will surely be the number one currency in the world surely the price of bitcoin will rise and obviously it is a very good investment for us and also great system can be use by all of the people.

The thinking of every government is different, at least one receives bitcoin. Because it seems to me very good to receive bitcoin is good for bitcoin holders and also for the government. Because mutual benefit.

I totally agree to the opinion that governments should consider bicoin as a legal global currency reason been that even without governments approving it as a legal global currency almost all the countries in the world are using it as a means of exchange, so governments have no choice than to accept the ugly reality that bitcoin have come to stay and acept is as a global means of exchange.

To me Bticoin is a legal currency, just becuase it is commonly accepted as one, no matter what govs are saying..

I do hope so bitcoin gets legalized in my country, as of now it is standing neutral though It is also gaining alot of attention in my country, though I also understand why some countries demands to ban bitcoin, it is because of its anonymity, people can send payments without getting traced, because of this people can buy illegal stuffs which is dangerous because governments would be pressing alot to ban btc.

We are all hoping that time will come when our government will consider bitcoin as a legal global currency but we don't really know the exact thing that will happen in the future, hope that it will really happen let us just do our part for that to happen.

It would be good if bitcoin becomes acceptable currency globally since it is becoming popular form of investment and payment method. If it becomes legal globally then it will greatly affect the bitcoin price since more and more people will join in buying bitcoin.

Yes, But for now in my opinion they will not approved it because they'd lack knowledge of it, they need to educate first to know the pro cons.

Government should really try to consider legalizing cryptocurrencies for these allow faster transactions. Since lots of people are into these trends, government may get something in return.

true all of us that have been taking this currency for some transaction online and also how comfortable this for we are all hoping that this currency may become legal all over the world to be used for.

I think that should not, because it will instantly affect the entire financial system, where the main market regulator will be large investors. This will affect primarily the banking sector, followed by the stock and foreign exchange chain due to the outflow of assets. Everything should be done gradually and very smoothly, and only if the state takes control of the main part of the cryptocurrency market, in any other way.

Yes, I believe that my country should accept cryptocurrencies. But intuition suggests that this will not happen for a long time. Corruption rules in our country.

I think If the Japanese have done it, why do not we? This bitcoin consideration should put us one step ahead in a society without cash. Even if there is a risk in allowing bitcoin as a global currency, I know that someday in the near future there will be answers how to fix it.
But of course the government should consider bitcoin in the near future as the global currency is legal due to the fact that bitcoin is widespread throughout the world and can be used almost everyone.

For me the BTC will never be considered a real legal currency but will soon be recognized as a valid means of payment as it happens with checks, credit cards and other payment cards. The only legal currency will remain the fiat currency.

If for now the government in my country has not acknowledged the existence of bitcoin officially but it is most likely to happen and can provide an opportunity for someone to continue to invest and allows for many businesses that utilize the existence of bitcoin as a payment process.

Eventually all governments in the world will recognize bitcoin as an official and bonafide global currency. But as of now, due to its unstable nature and high volstility rate, not even its developers could be able to recognizezit as an official currency that can be used in daily transactions. Time will come when bitcoin would be stable, and we wouldn't have to worry about bitcoin not being declared as a currency. With the continuous innovation provided by the blockchain technology there's no doubt it will someday improve bitcoin's stability.

The government should allow or consider bitcoin as a legal globe currency so that transactions will be made easy and there will be no discrimination to other countries that the value of their money is higher than the other. And I believe that through the bitcoin as a global currency we will achieve unity and peace.

That decision will be dependable on the people usage if Bitcoin will be legalized and already been legally accepted by the government of a certain state or country. As far as I know, there are people who have been using Bitcoin and other types of cryptocurrency even their government was still not agreeing with it but they are just free to use it because maybe the government was still observing what will be the possible outcome if ever Bitcoin will be legalized as a currency so maybe in the near future, government will certainly legalize Bitcoin usage.

As if they have other options. Governments can not just sit by and allow criminals to use bitcoin in scamming people. They may not gain total control, but they can at least regulate its use. And at the same time, help in promoting cryptocurrency.
 

yes i do think that all governments should make crypto currency a legal currency as it is a very secure and much more advanced than any paper or plastic money

Interesting question.
OK, assume that some country really accept bitcoin as legal currency.
For the national currency we know who is responsible, central bank and government.
They print money and are legally responsible if anything happens like theft of money, abuse etc.
What about bitcoin?
Who can be legally responsible for bitcoin?
Local government, central bank?
What about legal protection?
No way that bitcoin can become legal and accepted as official currency.

I think the government will not accept bitcoin as a legal currency, because the government is afraid bitcoin will be misused for illegal transactions, such as money laundering, financing of terrorism, the government also assumes that later if the bitcoin currency is legal it can disrupt the financial system stability country.

If this happened than the give will tax holders heavy and even make transaction of bitcoin to Fiat currency difficult to withdraw because they will also impose strick rules on transaction

I guess yes, a country with a legal bitcoin currency is a good idea. Paying your bills with bitcoin would be easier and not time consuming.

 :) :)  when the government talks about such a bitcoin situation as a legal global currency around the world. it can happen because it is not illegal and it is a legal bitcoin government. for me when it happens that maybe everyone is not in trouble and all over the country because this is a bitcoin and no bit of trouble because of bitcoin the economy in the country can be fine because of a global bitcoin currency. because it has been a huge currency for all and its high percentages so it should have happened.

Of course as a crypto user we will consider it...  Why not?  It is what we are dreaming of.....  We are hoping that every country soon legalize the uses of cryptocurrency.... But the decision is made by our government....  They are the one who has the authority to legalize bitcoin in our country.... If the government agree and recognize it soon the people will follow...  Because it start first in the government before us....  But we must do everything to show to the whole world that bitcoin is truly great in modernizing our world....

It's not that widely used to considered as legal tender however government should support it, banks+crypto is good combination.

they will have to , when it becomes the will of the people, and all the rich are putting their
worthless manipulated fiat into it

Yes, why not. Bitcoin has already proved to the world that it is a legal currency but volatile in nature where it's price value varies from time to time. I think many countries around the world aside from Japan, bitcoin has been already adopted by some countries and already see the importance of bitcoin as this should be considered to become a legal global currency. Because of it's blockchain technology, some countries are seeing potential services that it can make transactions into a much convenient more way.

Yes, of course. But how it can possible. Only Japan legal declaration is not enough. Every country has own currency as legal tender then why they declare Bitcoin legal. If all world is accepting and only 2 or 3 or 4 countries are declare illegal. Then it can possible. But here number of countries who declare illegal is increasing.

It is possible but so many country are backward in social media and and internet usage. Therefore they are not having d same strength in doing things in common therefore it will take time before this will gell. Divers of tongue , different languages and different way a of thinking and reasoning.

I do not think it's so easy that the government will legalize bitcoin and only some countries can legalize it and it also takes a long process .. because a country has formed a government where everyone is smart in it and there will definitely be pros and cons .. and it is not easy to be able to legalize bitcoin even though bitcoin can really help the economy in this country ..

 of course yes, government should consider bitcoin as a legal global currency. many people around the world unite when bitcoin is born and use it in all online transaction around the world. if government notice this im sure this issue is not possible.

If it would be recognized by the law then it would lead to bitcoin being legal tender which will soon lead to the eradication of local currencies, possible but not at the moment nor for the next decade or so. There are a lot of small businesses in our country and a lot of people who cant simply afford and understand this technology.

I think it can never happen because I think if bitcoin used as digital currency of the world seems very less because the total supply of bitcoin is very limited makes it very difficult because it must reach the total of all human beings in this world.

maybe in different country like japan, and etc but, i don't know Philippines will approve this kind of currency like bitcoin, because if it is going to it will help us and more people in the Philippines trough bitcoin currency using.   

There is no such possibility. I do not think BitCoin could be the common currency.
Bitcoin is just crypt money. The price sometimes drops, sometimes it increases. That's all.
The main thing we need to stop is blockchain. This system with technology will make our life more.

A possibility: the Federal Reserve could issue its own digital currency. Some global central banks are already exploring that.

Yes, here in my country, the Philippines, bitcoin currency was declared legal. The only thing is, it is not widely used it and not all Filipinos are aware of the existence of bitcoin. It needs promotion to spread awareness to people and all the merchants to acknowledge bitcoin as payment.

Yeah the government knows that there will be pros and cons regarding bitcoin. of course the government will calculate carefully what they should do with bitcoin. certainly by looking at the advantages and disadvantages they might get. but the concern of most governments is that bitcoin harms the government because of the nature of decentralization? but seems some countries do not see bitcoin as currency but as an asset.

Some government will never consider or make bitcoin illegal for they can't make money or tax it specially those corrupt government. Bitcoin being anonymous is hard to trace every transactions made so it will make them have a hard time to earn or tax it. There will be pros and cons when using bitcoin and I admire those countries who support bitcoin and cryptocurrency.

It is is not good for us if the government consider btc as global currency since they will need to centralized it.
We should still use the btc as an asset like gold and diamond.

I think that would be a great thing if Bitcoin will be legalized as a form of currency in our country just like what Japan did, it would really help a lot of people, the regular working people and not the big time rich business men who would just want to have control over all things. I just hope they will be able to see it as a great help to people and to the economy and set aside selfish itentions and personal gains.

yes, of course every government should consider bitcoin as a legal. i think nobody can stop blockchain to thrive in the future. so rather than banned it, why dont just make it legal?

These days my country is so busy with some important problems about foreign policy, so they do not give attention about bitcoin here. For me they should consider bitcoin as a legal global currency because it really helps a lot of people that are poor and in the  3rd class just like me.

They should, Bitcoin s anew technology that will can revolutionize Fintech if only given a chance, there are lots of gaps that Bitcoin can fill when given the chance,m issues of securing of currency will be addressed as Bitcoin is one of the safest forms of currency, It operates on the safest platform, The blockchain, the transaction speed will be fast no,matter how large it is, and there will be an option for those who wants to keep anonymous. BTC  is the way to go and should be embraced by the governments

Again, before this would happen bitcoin will first be regulated by the government. Of course this will be a challenge since bitcoin is decentralized and a lot of users/ investors are against it.

Lawmakers should be enlighten first with bitcoin's technology but of course they'll demand for liability should problem would arise.

The thinking of every government is different, at least one receives bitcoin. Because it seems to me very good to receive bitcoin is good for bitcoin holders and also for the government. Because mutual benefit.

If to consider bitcoin as world currency is still not feasible because lately there are still many countries that still prohibit the existence of bitcoin to grow so it still needs approval from the government as well as residents when starting to rely on bitcoin as the world currency in the future.So that no one feels in disadvantage with the existence of this rule.

I think that is impossible because it will make the currencies of the countries that are most vulnerable to developing countries. inflation will increase, criminal activity will also escalate. That's why it's hard to do.

i really think the government of my country should pass a low for bitcoin and make it legal.

yes really should some other great countries have started to make bitcoin into one of the legitimate payment tools because bitcoin is very good and very suitable to replace cash that is currently not very efficient and safe.

It's a big dream and hope that gov-s will have a good attitude towards BTC.

I would like it to happen that bitcoin could be consider as an additional tool to trade. To consider it as a currency will be an effective way for people to exchange goods and services online. As it will be more fast, convenient and less fees.

Well, i believe that bitcoin is legally accepted in my country because there are many users of it, and besides this currency already in news and social media that i think some government employees too is know about it. And this will not uses at this point if they do not gave a legality of it.

I love that government will utilized bitcoin properly and on the way it could help it's economy. Bitcoin is a powerful tool that any country could use. Especially the technology behind it which is blockchain. I believe that if bitcoin will be accepted by merchants globally then we could have faster and efficient transactions around the globe.

Governments will sooner or later frame the btc as an international currency or an international payment system to even tax transactions, but governments are very perplexed about its role as a currency for the problems of anonymity and volatility.

Bitcoin will thrive with or without government recognition. Sooner or later, governments will have to come to terms with bitcoin, because it clearly is not going away.

Luckily I live in a country that doesn't have anything against bitcoin but our government is warning that the sole purpose of bitcoin is for digital transfers not as an investment.

To those that are looking on what are the governments/countries legalized bitcoin: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Though some countries or most countries are not considering bitcoin as a legal currencies yet, at least they are recognizing it now and not banning it at all.  They probably know that people are getting benefits from it.

Bitcoin is forbidden in our country, and I admire the people of Japan, who can freely use bitcoin.

I can't imagine what the price of bitcoin would be if every country were to adopt the legal form of bitcoin.

There must be a resolution that bitcoin must be used as global currency. It's starting to have a major run so government should think of it. They must consider the effect of bitcoin to everyone because it is very helpful and beneficial. Many will earn once it has been acknowledged worldwide so it must be accepted.

Governments already looked at the effects of bitcoin. And that it has a negative effect because of being used by criminals to buy sort of illegal stuff and then there are a lot of scammers out there. They didn't look at the bright side that's why you will see some governments banning it. We all know that at the individual level its really very beneficial but there are government who are afraid of its disruptive effect that they have to ban immediately.

If i were them, i will not ban bitcoin but only regulate it because it is not a good idea to ban bitcoin because of the negative things around it like scams and also other illegal things that have been in through bitcoin, if they want to stop it then they should not ban it but just regulate it to catch those bad people who are making bitcoin to look bad.

I think government will only consider it if hey have sort of control over it. But  would love it to happen that Government will consider it as legal global currency. This way, merchants around the world can deal with people who wanted to purchase goods or services using crypto. We should have options and one of it should be bitcoin or crypto.

I believe they should since Bitcoin or any other digital currencies have the same functions as fiat. Digital currencies may not have any physical traits but that doesn't stop the fact that digital currencies are now being used as mediums of exchange as with fiat. Regulations will be made in order to make digital currencies as legal tenders. Something that mist of us are against but necessary if we want them to be legal.

In countries that government have already adopted and accepted bitcoin as one of their currency, then they have no problem about it, time will come that other countries will also be legallizing the use of bitcoin as one of the legal tender in their country, but this transactions and payments are only happening inthe didital world, because bitcoin is digital currency form of medium of exchange.

Yes they should, Bitcoin has gone from strength to strength, developed and improved itself so much that it become one of the most important currencies in the world. Most people have adopted it and some more will, instead of the governments fighting so hard against BTC, they should adopt it, and help it grow more, This is a technology that will revolutionize fintech world and improve on the loopholes left behind by the banks if only given a chance to. It will make it easier for those  many Bitcoin users worldwide to transact.

Bitcoin has been banned in China, but the government believes blockchain technology is legal.

The government has its own legal tender, so there will not be any other currency in circulation in its own country, that is the dictatorship.

it seems the government will not be able to survive long because I think certain governments in other countries from year to year there will be a government that started receiving bitcoin as a legal means of payment.

If it will become a global currencies, WHY NOT?, but there are some reasons that it might be able to promote/happen because not all country accepting crypto currency.

Here, we come back with a different governmental mindset. If the government dared to take the risks that exist in bitcoin as it could have disrupted the economy I'm sure the government will legalize bitcoin.

Yeah the government should make bitcoins legal in the near future because of its unique blockchain technology ,
But they do need some control over bitcoins , because anonymity won't be a good deed for government to accept BTC .
The government at least need to have access to trace the transactions , so as they know that it ain't being used in funding illegal activities.

Hmmm, I hope so too. I want also bitcoin to be the legal currency in my country. I am sure if later Japan successfully brings bitcoin as a legal currency then Japan can be a pioneer of bitcoin advancement into a legitimate currency. I'm sure also sooner or later surely other countries will follow the footsteps of Japan. Especially if the presence of bitcoin will be more profitable for the state and the government itself. Hopefully my country will soon follow the Japanese footsteps to make bitcoin a legitimate currency.

Bitcoin is neither considered illegal nor legal, Bitcoin is currency and acts like a currency like how trade goes. The government is having a hard time considering Bitcoin and cryptocurrency as something very viable is that they cannot control it and have power over it. Also the illegal part about Bitcoin is not the coin itself but the people using Bitcoin to make anonymous transactions to do illegal stuff. If the government manage to co-work with Bitcoin and overcome their disagreement over decentralization maybe one day Bitcoin would be accepted by the government.

btc is not illegal. btc is legal in social media. only others are taking advantages the btc, they are scamming others for their own good.

Our country is not as progressive as Japan and what is good for Japan may not be good to our country with regards to digital currency that is. We have a very long way to go with regards to technology alone and thus making bitcoin to be legal tender is not possible.

I think there are other countries that bitcoin and legit is actually accepting bitcoin in their country and have approved bitcoin but in other countries like china they do not want bitcoin because maybe they do not like the future of bitcoin and have not yet approved of government

whose names consider it to be and for sure. certainly after doing research and consideration in terms of positive and negative bitcon for the community and country. but if I think bitcoin positive side is higher than on the negative side .

the only thing that keeps bitcoin from being recognize by the government is its price volatility because a price differential might happen if a sudden change of price when buying and selling goods. All reason that remains are positive ones that outmatched fiat one is its safe transaction because their is no physical money rather its digital you can pay anywhere in the world anytime and the fees are more cheap comparable to other means of payment.

I think the government of every country should legalize bitcoin for their own interest. I hope if they understand it they will do this as soon as possible.

The Bitcoin network is still at an early stage of development and implementation. Anonymity is still not the prerogative of Bitcoin users, and scalability is an actual problem that developers have yet to understand. it is therefore necessary to solve those issues first

Japan's good.I admire this country.I want other countries to follow the example of Japan.Once bitcoin becomes a global currency that will be used by all countries will change for the better the lives of all people on earth.When that happens who will answer me?

In our country bitcoin is not legalize yet as direct currency. But it is possible that this will legalize soon knowing that bitcoin platforms helps people to earn more income when investing it wisely and doing with the best of their knowledge to improve each financial stability. It will help greatly also to improve the economics of our country because people will get income even if they are stay at home and participate bitcoin with their own gadgets to access bitcoin network.

The government should legalize bitcoin, but it should not be treated as a foreign currency

I think the government should consider the presence of Bitcoin as a global and legal currency. Due to the fact that Bitcoin is widespread throughout the world and can be used almost everyone. If in every government to do the form of legalization to Bitcoin as it is currently done by the country of Japan. I can not imagine what the price will be for bitcoin, because if every country does a legalized form of Bitcoin, of course this is the gap where every investor in the world, and will go in and invest in Bitcoin. If everyone uses Bitcoin then they have to pay taxes to the government. And this reason can lead many governments to avoid Bitcoin as a global and legal currency.

not all countries legalize bitcoin and make the official currency. there are some countries that do not legalize bitcoin and do not devote official currency, because of certain factors

Bitcoin is always pertain to be a future currency so government needs to consider on legalizing the system of bitcoin for people to manage having a bitcoin in terms of transaction, investment and trading that could bring good return to them in terms of opportunity and development on the system of transaction for a currency and market. So implementing legality could definitely give a good effect for a better economy in the future for both the country and people.

Yes if Japan can finally legalize Bitcoin, it just means that they have confidence and it really has potential for the good of the economy. You personally think that the government should follow the steps that Japan made for Bitcoin because it's so helpful and helpful. Because the global currency is legal due to the fact that Bitcoin is widespread throughout the world and can be used almost everyone.

Yes, government should consider bitcoin as a legal global currency because they are not one of those illegal businesses in this industry;
in fact they are one of the helpful business that makes you profitable in terms of investment and they deserve to consider about legal global currency.

 There are countries that which their governments agrees to allow their people to use bitcoin so i think with this countries too there are also the possibilities of legalizing bitcoin as their currency but globally making it hap would be a hard job

I agree, governments that allow its people to use bitcoin will be good enough, it doesnt have to be a global currency, it just has to be considered by governments and acknowledging it's use case and not ban it will give a huge impact to the bitcoin holders.

Nothing wrong if governments start giving consideration to bitcoin as a global currency. Even with the traditional currency it has got different flaws, so at least can give importance as an alternative or a secondary solution for transaction purposes without restrictions which will help with the growth.

I don't think so that government will consider bitcoin as a legal currency looking to the present scenario. Bitcoin is anonymous and global. The government cannot control bitcoin so basicallly it will never consider it a legal affair

I agree with you, there's nothing wrong about if government will allow or consider Bitcoin as a legal global cryptocurrency. It would be a positive news for all the Bitcoin users.

considering bitcoin as global currency it is internet holders itself are about to take bitcoin as single largest accepting currency over the internet

It's not an easy task for government to accept Bitcoin as a legal global currency since they look at it as a threat to their own currencies and it has conquered the internet world already dominating ever online business which makes it to be the largest on the internet.

  Why not!step by step our government has started acknowledging the potential values of bitcoin progress...legal but still some restrictions.it would be great benefit for all.i belive it will happen . knowing that other countries has already legalized bitcoint has create good imfact in their economy..

Some businesses are accepting bitcoin as a payment.It's just that when we talk about making money and change it into other currency in that we always have the argument about legalizing bitcoin.There will be time that government will have to decide in legalization in bitcoin if they can put taxes in bitcoin.Government should consider bitcoin as a legal in global currency.

The governments look out for one thing, and that is to impose regulations on Bitcoin. Perhaps, bitcoin will lose its decentralized nature when the governments get a hand in this as they will hunt for a total control over the transactions of Bitcoin and all other cryptocurrencies. Or maybe, there has to be a shared power.

It sounds really great that Japan take the step, we all know that they are very much upgraded it technological sector may be that is why they understand the importance of bitcoin. I think if our government also do the same thing it really would be helpful everyone.

Yes, I think The government should accept bitcoin as legal currency. Because Crypto currency is the future of technology. It will be needed in the future.

Government should take the decision by the side of bitcoin for the welfare of the the country as well as the welfare of the people of this country. Government just need to understand it.

Bitcoin is a crypto currency which can operate globally for the day to day requirement of the human being.Now the developing countries governments are found scared of to implement bitcoin to their own countries because of their lack of technical know how about the crypto coins.In my view it will be advisable to operate parallel to the national currency with bitcoin.Years back during the financial recession period crypto currency could help the nations such as Greece, Japan, Venezuela , Brazil and Argentina.The above countries  survived from the recession with the help of bitcoin

I think yes. Many legal entities usually can not work with crypto currency normally, if there is no normal legal basis.

Government must take some efforts to make bitcoin legal and tell the banks to make some different deposit systems where people can put their money safe and maintain their cryptocurrecy through that account. If government have the power to control digital market then many people will surely invest on cryptocurrency.

The idea is good But who will be the issuer of this currency If it is a certain circle of persons, then it will slightly differ from the candy holder named dollar. If it is a global decentralized issue, there will be difficulties with consensus. And sooner or later the issue will be needed, here you can not manage one-off digitally numbered coins

I do not think so, when Bitcoin becomes a global legal currency under the permission of the government, this field will be more popular and we should remember that the profit from this is very attractive, many people can quit the job and go to bitcoin. Especially young people, a society where young people only focus on earning bitcoin and miss learning, miss the future, the development of a country will be affected, and licensing is not positive news, it is even negative when it means that our profits and operations will be managed by the government, we will not feel free and comfortable

the majority of governmets as far as I can see, consider to implement some taxes into cryptocurrencies, which means that them are considering to make it legal, because if something is illegal it can`t be taxed.

It should, but it won't happen anytime soon.

I think its about time for any government to recognize Bitcoin and allow for its public use. Bitcoin has many perks and benefits that it can offer to people and its just wasted because only a handful percent of the population can actually use Bitcoin and know Bitcoin. If the government and Bitcoin can somehow make things work it would be a huge leap to attain convenience by using digital currency.

            If the government consider Bitcoin as a legal global currency the pattern of Bitcoin will change they will try to impose people some rules and regulations and the government will try to centralize Bitcoin as fiat currency and it will never benefit people's well being .  For example the fiat currency which the people earns they have no freedom to use as their hard earned money without the banks or governments consent . If the Bitcoin is legalized it will help for the countries economic growth also .