Bitcoin Forum

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

I also heard of that and saw in an article that some countries wants to legalize bitcoin by creating their own cryptocurrency that will governed by the government therefore taxes maybe imposed to all transactions. I think the root cause of this maybe it was alarming to the banks that in the future all their depositor will only save and transact through bitcoin because currently in bitcoin there are no central or middleman to all transactions so that low fees and penalties are more favorable than the banks.

Definitely they will do not for the sake of country's development but for the development of their own wealth because many countries politicians are mainly involved in the corruption so they will make money out of everything that's why they are trying to implement taxes on bitcoins too.

But if they use that taxes in the right way then it will be great source to develop that country but 30% is very high so they have to implement the taxes at the affordable rate for both citizen and the country.

This is good if the intention are for the sake of their people but we all know how government rule one country. I think its better to have a detailed law about this that can surely protect investors and the businesses. Legalizing is indeed what we need instead of banning cryptocurrency but hopefully we can see more transparent government regarding on this matter.

Maybe you are late of the page well actually some countries are already doing legal matters about bitcoin regarding legalizing, regulation and the tax they will imposed on it, some have already have their own regulations and some are still in the process at least we are all having a positive feedback about it although not all country were open for this.

Well, in fact, there are several countries that are doing the bitcoin legalization and are also taking into account the regularization of taxes, an example would be Venezuela, which is already taking the cryptocurrency as a form of monetization and the entrepreneurs of the country named should give a sum of your earnings for that currency

Legalizing to put a tax on Bitcoin? They can't even control it. It is impossible to put a tax to any persons that's using Bitcoin, but they can implement such at any exchanges to put a tax to any person that is trying to convert their crypto currency to fiat currency. Not everyone in the country could pay the 30% tax, it is a bit high 'cause that exchanges take 30% to your crypto. I would rather find a low rate exchanges than to give 30% of my precious crypto to someone.

I think most serious bitcoin users would not like to see any sort of governmental involvement in bitcoin or crypto.
Bitcoin was invented as a means to eliminate the need for any other parties to be involved other than a BUYER and a SELLER.
Ok bitcoin has become more than a means of paying for goods and services between two people,
it is now an investment commodity like any other stocks and bonds etc. but regulation is not necessarily a good thing.

Exactly. Their economic growth would seriously be booming if they do legalise. The turn over would be more than they get from their local fiats. More over, their citizens lives would be more enriched and they wont depend on their government. All will be independent in earning and gathering wealth. Government would be at peace not worrying on employment given to its citizens. The country would live poverty free. Hope my government soon gets into crypto currencies platform.

The governments are aware that they can come up with great potential of resource with bitcoin.

But you know what makes them worry? The use of bitcoin can be abused by people who are dealt with illegal activities, that's the only thing they know with bitcoin.

They are only aware that its only used for illegal activities but once they understand that bitcoin isn't only for that thing, they will adopt it soon.

Spread of good news is quick, when big countries or state start accepting bitcoin on their jurisdiction, others will simply follow.

Cryptocurrency can really help one country to be a better nation, this kind of technology is what we need right now to transact easily everywhere in the world. Legalizing cryptocurrency is a great move of every government, yes they can collect taxes but we as an investor we are confidently invest before we know there's a regulatory body that can protect us from the exchanges and a specific project.

there are countries that prohibit its trading because their national currency might collapse because of bitcoin and some countries prohibits the use of cryptocurrency because of the ICOs, there are a lot of fraudulent and simply scam ICO happened in the past that's why their government stepped in and took an action against that.
I believe there are many reasons for cryptocurrency being band in some countries but there are more than countries that allows its trade because they know that it is good for their economy.

That's right government are trying to protect its citizen from being scammed since we all know how risky this market is. But I believe it is still good to legalized bitcoin Instead of banning it because even big countries support this thing so its time for other countries to study further about this growing technology so we can fully enjoy the benefit of this.

In other words, you encourage the government to continue to rob people of their hard earned money and thus coins. I am in Bitcoin to actually try to distance myself from a system that forces people to pay tax over and over again, where authorities are known to not be shy of using harsh methods to claim what they believe is theirs. If you as government want to stimulate people to pay tax out of free will, at least lower the tax rates to such a degree, that you as government don't have to come after people. Main point of importance is that people try to avoid paying tax for a reason, and that reason is the legal form theft from the side of the government.

I believe, crypto will be regulated, and regulated heavily at least in the most developed countries. Those, who are successful in they way, will survive and strive, the weak ones will fall, and not as much, because they are week, but more because they won't be able to sustain paying taxes on crypto.

Yes, it is going to be another good sign of they starts legalizing the Bitcoin because they can easily control the flow of scam ICO and governments can easily protect the people not to invest in scam ICO. Ofcourse there are many good ICO but I am not blaming.

Adapting bitcoin and other currencies will certainly enrich the economic condition in each country. The citizens of each country would be more independent on his /  her own wealth. The employment becomes much easier and is made ease to the government. My country is working on with RBI team to launch a new coin. This follows by one of the business men launching his own cryupto currency. Lot more goods would take place when crypto currencies are adapted by each government.

Every government has to look at crypto currencies' benefits and adapt them especially bitcoin. Though adaption would indirectly reduce their local currency value, it would enhance the lives of their citizens. The economy would seriously boom up. Everyone would be more satisfied with the money they earn from bitcoin or from crypto currencies. Even from adults to anyone can earn bitcoin.

It’s true that by imposing taxes, the government would be able to generate revenue and possibly use it to develop the country however the bitcoin users may not agreee and would possibly be against the idea of having taxes imposed. Also, the government will have a hard time imposing this because they have no control over crypto or the blockchain unless they choose to regulate exchanges or the income of bitcoin users. The bitcoin users may then either hide their cryptoholdings or choose not to have it converted to fiat at all and just hold their coins.

I agree with the government to cooperate with bitcoin, I agree the government by imposing more than 30% tax, provided the government must protect its citizens from being scammed, because we all know how risky this market is.
so we will all feel safer again.

I agree, bitcoin is the next generation of currency, and there are so many advantages that we can get if the government legalized bitcoin, more job opportunities and more chances for people earning extra income is going to increase a lot of people economics life, and it will be very helpful for the third world country to prevent more poverty

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Legalising bitcoin can only be possible if the government understand about it support the cryptocurrency system. I believe that before they will going to support it they as government will create their own cryptocurrency to have an access to every bitcoiners or cryptocurrency holders for tax purposes. They will impose it by exchanging first bitcoin into their own crypto before it will exchange into fiat or anything. By this they can be successful for controlling the crypto holders but still not the bitcoin.

Every trader wants Bitcoin to be legalized. Not only Bitcoin, but I heard the Blokchain technology can be used for the future by governments, because Blokchain is a such a kind system, which makes financial and technlogical stuff more easier.

In US people who earn bitcoin pay taxes everytime they convert it into fiat, so this means that in some country bitcoin is legal and consider to be a currency, and yes it gives revenue to the government, I just hope all country will adopt this so that the demand and value of bitcoin continue to increase.

In general, the governments are afraid of the continued existence and evolution of bitcoin in market. Moreover, they always plan to destroy this currency in multiple ways, but they always fail to achieve this dream. And the main reason for the rejection of this currency is the existence of financial losses in many banks and the fall in prices of their currencies (FIAT) also the  governments do not benefit from  the transactions of Bitcoin because the money of cryptocurrency is digital , so they cannot control it. In addition to that, if Bitcoin will rise in a huge value and the existence of economic crises  will continues then it is sure that many govenments will recognize Bitcoin as a legal and  traded currency.

I very much doubt that the government voluntarily recognizes bitcoin. Cryptocurrencies can be extracted by everyone. Fiat prints and released into circulation only the government. Using the Central Bank they have the ability to remotely control our savings. It is a mechanism of inflation and deflation. With cryptocurrency, this is impossible. The government does not know how to manage the economy in a competitive environment. That's why they don't want to accept the cryptocurrency.

My point of view regarding this matter is totally the same. We'll see how all this will proceed.

You are right they can't control it and i think smart goverments like Germany,which are going to create less taxes on bitcoin payments is a good solution for people but we all know that everyone will not share this liberal approach because some of goverments have their own interests on it and people's interests are on the second place.despite the fact that its so hard to control as it seems America can create legislative basis to avoid situations like that and I hope this will be trend and example for other countries.

That's for sure something to ponder on!!

If governments take a step forward in this regard, it's surely gonna add in the development process and to the economy as a whole it will be huge booster.

Taxation if done rightly would be of immense benefit to the country and its people. Bitcoin nowadays is so in trend that most of the citizens of the country know of it. So legalization of Bitcoin would add to its further development and prosperity to the respective nations as well.

i strongly believe government will legalise bitcoin since france is pushing for the government and central bank to ddiscuss in international forum comming up in april. government might reach a concensus in that forum

I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

they and so well on it earn only modestly and silently!

Bitcoin is the legalization itself. Regardless of what governments come up with in an attempt to regulate the market, it has only effect on the centralized aspect of this market. In other words, as long as you avoid these centralized services, you won't be facing any type of governmental control or suppression. On the other hand, I am not that much against legalization, because almost everything that fits in the centralized ecosystem, contributes to Bitcoin's utility, and without that, we probably wouldn't even be able to see this market grow to where it stands in today's world. Those who don't mind using centralized services can continue doing so, and those who prefer to not use centralized services can do so too. It's a choice that you as user can make, which is also a form of freedom in my opinion.

It is easier said than done. The government cannot legalise something that they cannot regulate as it might pose a problem to them economically and politically in the future. Bitcoin's nature being decentralised and volatile makes it very difficult for the government to regulate its transactions among users and that is the reason on why some countries prohibit the use of such cryptocurrency. Last thing, if bitcoin were to be regulated and expect prices to be controlled at some point. Investing into cryptocurrency would no longer be different from stocks, bank deposits, gold, etc. in terms of acquiring value.


One country that legalises bitcoin does not constitute that every country would legalise it also. If France sees the opportunities provided by cryptocurrencies, then they it might provide economic support to the public. There are still a lot of countries that are yet to legalise bitcoin and that what hinders it from growing and developing further.

Yes it's true, government can really earn a lot from imposing taxes in bitcoin earning but how can they do that knowing the fact that bitcoin is decentralized and does not give a transaction details of a particular person? though in some country tax in bitcoin is already implemented the moment they convert some into fiat but how bout to those who does not convert them and just hold them for a long term or just trade them. I think government will really need enough research to impose regulations for bitcoin.

Where did you get those percentage? 30% increase is way to higher which I doubt it would really be hard to achieve those numbers unless if theres lots of exchangers do reside into that country then it might be possible and also if there are lots of merchants which are engaged into crypto services then it would be an advantage and beneficial for a country but the big question is.They would able to consider such thing?I doubt they wont tend to easily made those decisions.There would really be always an opposition towards to this matter.

Not every trader. Others would want to avoid taxes so they'd rather that the government would not get involved with cryptocurrency affairs. It's possible that on the day that the government decides to legalize bitcoin, they may impose regulations and then put taxes.

Blockchain technology should be used by the government and utilize it to develop a better system for payments within the country. The government may choose to use crypto for the better in order to improve their country.

Finland is one of the most advanced and technologically advanced countries. This country has even given tax freedom for the purchase of bitcoin.

Finland has also facilitated almost all the ATM to purchase, exchange, and top up bitcoin. This is done to meet the needs of people in Finland will need the use of bitcoin.

Through ATM obtained that Finland is a country that records the highest bitcoin exchange transaction compared with other countries. Even in January 2016, bitcoin has been used to buy a Tesla S (electric-powered) Tesla car for € 140,000.

Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.

Adaptation would always been possible when it comes for government to decide such thing but the big question on here is the chances for them to considerate.There would be still lots of argumentations to happen among boards before this decision would be finalized.If they do accept then they do have the view on benefiting from it because they wont accept it if they would saw that they wont benefit at all.Blockchain technology do really have a bright future when it comes to adaptation we do know the capability of this tech.

Recognition of legalization is a voluntary loss of freedom. I don't believe you're willing to pay taxes. Are you ready to make concessions in order to have free access to a Fiat. This tactic is a failure. My opinion should be done to ensure that users of bitcoin had the opportunity not to use Fiat. Then there will be no subject for bargaining with the government.

Government legalising bitcoins is a good news, but if the government pay tax for every transactions. I think it will a little bit hard.
Government can earn money if all bitcoins transactions pay tax. Blockchain technology very helful for company. So I think in this technology, the government will see the technology and can legalising bitcoins.

Every user of cryptocurrency would ask for this only that they should be allowed to use the currency because it is another totally different space where new technology is helping people in many ways from their business to money transfer to earning and to become independent in their life

Today,It has already legalized in many countries,sorry but I don't understand how its enabler for libertarian principles,as we see today bitcoin is a tool of freedom,when i say its legalized I mean countries where its not banned and I don't understand why goverments wouldn't legalize it,everyone knows that its not anonymous and 'crypto criminals' always leave trace and its easier for authorities to investigate ciber crimes.maybe my opinion is not right but i think the best solution will be global strategy and we have already iniciators like America or another technological giant companies.

Why bitcoin users have to pay taxes? I understand to pay taxes to the government that supports all users of the cryptocurrency. Banks do not block transactions. Now we see the opposite situation. The government by all means give us obstacles. This means that the taxes on the turnover of the cryptocurrency they don't need?

Totally agree with you but there is no matter how strongly we want this, it does not seem to happen very soon.

There would be advantage and disadvantage when a government legalized bitcoin. Of course the biggest advantage would be, government will not ban btc and people will be free to use it. But the disadvantage would be, the anonymity of transactions would never happen again. That everyone should declare their btc transactions and earnings and should pay tax for it.

Transaction anonymity? Regardless of Bitcoin being legalized or not, as soon as you make use of centralized services, you can say goodbye to your 'anonymity'. I don't understand why people keep mentioning that they will no longer remain anonymous, while they actually have never been that.... I think it's safe to say that at whatever point in time, yes, it's just a matter of time, exchanges will transfer user information to the tax department in your country, and that without the court being involved like how Coinbase was forced to admit defeat. Current regulations are a joke compared to what has to come. If you want the highest level of anonymity, as far as possible, avoid centralized services entirely, which will require you to basically isolate yourself from a large part of this ecosystem. It's all up to you.

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Why are we talking about legalizing bitcoin? Legalize something that was previously prohibited, was illegal. But no one ever banned bitcoin.
If only there are countries where the laws explicitly prohibit citizens to have bitcoins? In advance I will say that for example in Russia there is no such law and a direct ban on bitcoins.  :)
 It is more accurate and appropriate to talk about amendments to the current legislation for a uniform approach to solving legal situations. But not on legalization.

Recently, the European Court of Human Rights adopted a decision obliging the German government to recognize bitcoin as a legal tender on its territory. This is a decisive judicial decision for more than forty countries that signed the Convention for the Protection of Human Rights and Fundamental Freedoms of Man of 1950 and pledged to amend all the laws of that country for specific decisions of this court. Thus, the governments of these countries will be obliged to recognize bitcoin as a means of payment. This is a very big victory for the crypto currency.

on the contrary in Japan is very supportive with bitcoin In fact, there is a camera store in Japan that only receive payment with bitcoin and do not receive payment in other forms such as cash yen or visa / master. The purchase process at the store becomes very easy and fast without any additional fees charged by third parties.

How do you imagine the process of legalizing cryptocurrency? What exactly should the state do?


Can you give a reference to this decision? Or at least the date and number of the case. I really want to see.

Everybody of us hopes that Bitcoin will be legalized but it's extremely difficult to gain this in reality since almost every country and goverment has its own obstacles for this.

Bitcoin is a good source of income but I was not sure if all countries in the whole world legalized this coin, first of all until now crypto currencies are not centralize so who will be the person's came to the arrangement for the legalization of this coin?
second what country leads us to legalize the bitcoin and other crypto currencies? and lastly we need first the legal documents for application of legalization of this coin in the (WO) World Organization as supports.


Advantage and disadvantage of bitcoin is not an issue since this coin are largely help to the economics of each country, however I've just thinking if this is right to implied taxes to the income of small people who join in crypto currencies? How they can equally rate the taxes of each people? Aside from that not all people in crypto currency community was earned income regularly. For example: those participants of signature campaign, because signature campaigns are not run for a couple of years. Sometimes it was run only for 1 month or 2 months, so it gives large impact to all users if their income will be lessen of taxes.

Why do you need legalization? What will change from this? It seems to me that we should forget about it. Bitcoin is our currency. We need to build our economy. Do you want to depend on bankers all your life? Learn to live on your own. After the government realizes that it can not stop bitcoin, they themselves will ask users to legalize their actions through Fiat. Understand that the government must work in the interests of the people. You want people to work for the government.

Taxes on bitcoin would be a big help to the government because it will be an added fund and more projects would be made. The disadvantage of bitcoin being legalize is that due to the semi-anonymity, some people would use it in illegal means but then the advantage of the legalization is that more people would trust it so there would be more demand. The more people who use bitcoin in their transaction, the more tax the government would be able to collect given that majority of the users would pay tax.

To implement this, the one that should be tax are the platforms and the tax should be charge in every transaction of the users and then the users would be able to get a report so that there would be transparency. Eventually when majority of the countries use cryptocurrency, some of the countries who ban it will welcome it because they wouldn't want to be left behind.

Some of country still don't believe bitcoin yet, so they want control bitcoin. After legalized bitcoin, is need to setup the taxes.
It can help country to get revenue from tax. But need regulation about tax. I hope in the future more country will accept bitcoin.

Anyhow some of the governments who do thinking they should legalizing bitcoin can still be counted with the fingers, there are still many doubts and worries out there. Well although it really can be have potentially to advance the country, but still because of the various opinions certainly would be different and having a many considerations related to the country, and of course it will not be easy to decide.

So if the Government legalizing bitcoin that means bitcoin is legally tax then. I heard in Canada bitcoin tax is 40% then the Government can trace bitcoin transactions there. 40% is way almost half of your bitcoin earning.

i perfectly agree on your last statement! when first world countries start accepting bitcoin many will surely follow. i am happy reading positive thoughts about bitcoin

Bitcoin being anonymous by nature can't be Fully regulated or taxed. If someone keeps their BTC in some private key wallet and does not declare it while Income declaration then How can Govt. get Tax on that. This is the biggest concern why Govt. is not making BTC legal. Its utility in dealing Illegal activities, Money laundering, Tax evasion are some reason Govt not considering it the legal payment mode.

Not only that government will so much benefits from the earnings but it will also ensure the safety of the nation by regulating it so that it will not be used in illegal activities by the bad people like to use it in money laundering, smuggling guns, drugs and also to use it to scam people by using the Bitcoin platform. By legalizing it, the future of Bitcoin will be in good hands.

Government would eventually fight to legalize crytocurrency in each country  firstly because  they want to extract revenues and  control their financial status.  There is also good in legalizing cryptocurrency, the mere fact that it is legal, we would not be hiding or affraid.

yes many government is on the process of doing bitcoin legal.

sooner all government will legal bitcoin but with rules and regulations.

Governments do not want to legalize cryptocurrencies. On a national scale, this is very little money for the government to be interested in receiving taxes. Governments do not want to create conditions under which the popularity of the cryptocurrency will grow. Under the pretext of legalization, governments will collect information about cryptocurrency users in order to make this impossible.

I agree with you. Yes they should accept in order to increase their revenue as well as the employment in the respective country. Though they get revenue out of local fiats, crypto currencies would certainly yield a large turn out. We as an individual being in the forum and earning, can feel the benefits out of the money we earn. Lot of us has changed our lifestyle with the crypto income. Likewise crypto will certainly make the nation wealthy.

Legalizing bitcoin doesn't mean it has to be taxed, if a government is silent on it hence the bitcoin could still be a legal due to the fact that there is no sanction on trading of it.

Representatives of 35 countries and the European Commission appealed to the Federal Financial Monitoring Service that the organization revise its standards that relate to the crypto currency. A meeting of the Financial Action Task Force on Money Laundering (FATF) was held in Paris from 18 to 23 February, attended by representatives of 35 major countries and two organizations that "called on the global authority to improve the understanding of the money laundering risks associated with crypto-currencies" reports Bitcoin.com with reference to the South Korean edition of Yonhup. The FATF was founded in 1989 and is an intergovernmental body that sets standards for the effective fight against money laundering, terrorist financing and other threats.

Among the members of the Financial Action Development Group are 35 States and two regional organizations. Among the countries are Russia, China, India, South Korea, the United States, Great Britain, Germany and others. Organizations - the European Commission and the Cooperation Council of the Persian Gulf. During the meeting, representatives of various states and organizations reported fears that because of the anonymity of transactions with digital money, it became much more difficult to monitor and suppress illegal activities. The results of the meeting will be announced at the meeting of the "Big Twenty", which will be held in Argentina in the summer of 2018.

Governments benefit in various ways. Taxation is one aspect, and controlling the centralized ecosystem is another aspect. I may agree that the controlling aspect has more direct value to the government, but as crypto grows larger and larger, the tax income flowing into the pocket of the government grows larger too. Crypto has the potential to become a multi trillion dollar asset class, and this will happen whether governments fairly regulate the market or not. It's up to them. First option is to obtain full control over anything that's centralized and earn massive amounts of income through tax. Second option is to slow down or even prohibit crypto, which will result in the government to not only miss out on massive potential tax income, but most importantly, they lose all the control they could have had. Most governments aren't stupid, and will go with the first option.

Another main benefit would be the employment. When the government revenue is increased lot more can be done the citizens freely after taxing of course. The country's economic condition would seriously improve. But as they worry about local fiats and banks revenue, they are not allowing Bitcoin or any other currencies to get into it .

You are right, as well as those businesses had also benefited in cryptocurrency, because of this a lot of people had increased their purchasing power to buy goods and services for their own so we are all benefiting on it including the growth of our economy.

LOL,it might not suit for all the corrupted countries becaue politicians will take all their country's revenue and make them richer not spend them for the people welfare.So I don't want to pay any taxes for my country because it will keep my country's politicians richer not the people.

What choice do you have? Lol. In order to use your bitcoins you have to exchange them for Fiat. All such transactions are monitored by banks. How can you not pay taxes on them? You will be fined and you will pay more. You may not want to do this but your opinion is of no interest to anyone. All friends and enemies of the law.

My country don't have any specific specific tax yet for cryotocurrency so for me it is not a problem to buy bitcoins with fiat through banking system.I am not talking about the normal 10% of taxes,many countries like USA asking upto 40% taxes so I don't think that tax might not help me in anyways.
But the problem is only if we convert our bitcoins to fiat but I am not thinking about this,I will jold bitcoin as long as it can be used as direct form of payment.

People would not like if bitcoin will be taxed, and I doubt if the government could do it since people are anonymous when doing their transactions. Maybe, that is one of the reasons why some government are threatened and started banning cryptocurrency. People can earn a lot, and yet the government cannot get anything from them.

i really love that if our government will legalize bitcoins.if we will support bitcoin from the others then we have to do it.so that if the government will see our support then they will do legalize in our country.and that was a big help to the other bitcoin lover.

I wish this should happen soon. Lots of good things would happen when adapted. An authority seriously has to look at its benefits. Country's economic system would grow, citizen's lifestyle would get changed when they each work with crypto currency and employment would increase in the respected country. Wish and hope every government would legalize bitcoins and other crypto currencies.

Several of them have already started this process. The info regarding this was included in some earlier topics here.

What do you expect the government to legalize bitcoin? Do you hope that bitcoin will be accepted for payment in any store? I am 100% sure this will not happen even after legalization. The maximum that the government will permit it is legal to exchange bitcoin for Fiat money after taxes. Do you need such changes? We need to learn how to use bitcoins regardless of government.

Still, there are many countries which don't have a good vision about the Bitcoin and it's concerned cryptocurrencies because these things will take some time. Almost governments have to study a lot before legalising the Bitcoin and technology behind it.

It should happen so the revenue will be threefold than revenue received from fiat's. The employment of the country would increase and the countries economic status would boom up. Wish governments should adapt bitcoin very soon. 

if it can be realized indeed very helpful lifting the country's economy. But it also must be through various considerations by the government. Given the price of bitcoin also unpredictable down and rising prices.

Obviously, but every authority is taking time in adapting. Lacking back in new adaption. Revenue, employment to the  citizens, country's wealth and citizen's wealth would completely change if bitcoin is adapted or announced as legal. There are sources here in bitcoin to earn it and multiply it without much investment. A strong foundation can be made with bitcoin and other crypto currencies. The countires can it self create its own crypto currencies.

Yes, some countries are abandoned to try to control Bitcoin, and these countries are trying to use Bitcoin most effectively. For this reason, it is more logical to use wind instead of resistance to the wind. It's just a simple example.

Yes that could be the main reason for some governments that are still considering the risk that can be obtained. Most of the governments.. I'm sure it's really take into account the characteristics of this digital currency. But for a country that does have a higher level of knowledge than any other country, I believe it can be advance the country.

There are some country where bitcoin is legal and payments are subject yo taxes. https://www.investopedia.com/ask/answers/121515/bitcoin-legal-us.asp

List of countries where bitcoin is legal and not can be viewed on this link http://www.stockmaster.in/howtoinvest/top-countries-where-bitcoin-is-legal-and-illegal/

But there are some government where bitcoin is considered not legal and they regulate crypto use within their country. Some banned its use and exchange. Financial risk that it may brought to the users and holders, and utilization of btc and other crypto in illegal activities were some of the reasons of why it is still illegal in other country.
But im still hoping that other government will consider the benefits of crypto especially when it comes on making transactions.

Many of them are already doing this. Or do you mean the global situation here? In such a case the relative proportions are quite disappointing at the current moment at least.

It could happen. It is maybe early, but it is definitely possible. I don't know about that 30% though. Seems to be a little high percentage, because there is one more tax that we need to pay and it is around 20% (yearly income).

I think all users will strongly agree and like this idea. but to realize this happens is not an easy thing. there is always a certain requirement if you want to get the law and regulation for something i goverment. may be like a profit to the government ranging from taxes, the loss of decentralization and so forth. do you want if bitcoin is legalized but decentralization is gone from bitcoin?

Yeah you are right to a certain extent but if we think for ourselves...won't it be a loss for us?!!

I mean why would we pay taxes on our hard earned income in which government has no role to play. But governments have their own perspective relating to this matter. They do not see any benefit in legalizing the bitcoin.

Also we do not get any benefits from legalizing bitcoin. And development that you are talking about is not possible until government are ready to leave their corrupt practices.

Legalization of the crypto currency in many countries is already in full swing. Simply, this process is not so quick to bring an instant result. This is due to the long study of the phenomenon of crypto-currency, the preparation of relevant draft laws, their introduction into the relevant legislative body of the country and its adoption. This all stretches for years.

It's good to hear legalization bitcoin in the country than other country refused bitcoin and they are going to ban.
How sad it is, but they have nothing can do with some people still adopting bitcoin it because of the being assets of bitcoin that profitable.

Yes, you are right it takes a long time of process before we conclude that country is legalizing bitcoin, unlawful of bitcoin is make people happy but I'm sure there's a regulating happen on between bitcoin and government this is needed for people's safety from any dark interest of bitcoin.

I agree with your point since bitcoin and all crypto currencies are against the centralized systems of the bank. Well if the government legalize it then i think there must be some kind of regulations so that they could take part of it due to its decentralized systems.

Bitcoin is not illegal, at least not yet in most countries. The countries that have been banned it, have not come out to say explicitly that bitcoin and crytpocurrencies are illegal. The issue for most governments is on how to regulate it, to fit the existing structure of the financial sector. This is new for them, so until they fully understand how it can work well, it will still be banned in those countries, and in the countries where it is not, there will still be market volatility due to uncertainty of what could happen next.

I think you if the BTC recruitment, BTC sẽ phải ổn định, chắc chắn rằng nó khó mà có giá trị cao. It was too fartered when it now, the main Phủ will not checkable

Actually, there are a lot more countries legalizing bitcoin now because of its tax. Its a great help for the country and also for its people. Time by time, we have been informed that more and more countries has been adopted to bitcoin and develop it. If more countries look forward unto it then our dream will be come true.

This is what everyone one is imposing the governments to do.  They do know the benefits and the growth in adapting bitcoin and other crypto currencies. The reason for not taking a step further is to sustain local fiat's value up in the market as this is what the primary element for a government. This is why the banks are against local currencies. This is the reason banks control government not to adapt crypto currencies.

Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.

I do not see examples of the government to fail in the regulation of the cryptocurrency market. At the moment, the bitcoin community is slowly being defeated. Why? Because all exchanges are already required to provide documents in order to open the account. This contradicts the idea of bitcoin. And this, in my opinion, is a significant surrender of our interests.

In any means the government trying to imposed  any regulatory  measures to crypto currency because they want controls or eventually imposed taxes too. But  still  I think it would take some pros and cons debate before  they can have  a law that can regulate Bitcoin because bitcoin is brilliantly design to elude government control.

My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !

It is sad to know that the mind set of some government leaders is not inclined to improvement because bitcoin is a great connection to the world if you're people mostly use bitcoins and they  earn out  of it isn't bad for the economy instead it boasts your economy.

The problem is, you're thinking about yourself. Of course you benefit from using bitcoin as we all do. But the government thinks in other categories. They cannot control the turnover of cryptocurrencies and therefore they may have problems with the economy of the whole country. This is a great responsibility and no one will make controversial decisions.

wait a while, why there are still some countries that are banning bitcoin in because bitcoin can also damage their own currency, and bitcoin will increase the crime rate to the internet in that country. maybe that's a consideration

About 30% this you of course exaggerate. I think the most optimal interest rate on taxes will be 13%.

Legalizing bitcoins in our country is a good idea.Why? So that bitcoin won't vanish one day and remains forever as medium of change to be used in our society. And we can continue using it as our investment for our future and could be other way of saving money.I believe when it is legalize it become taxable and taxes are used by the government to create projects which are vital for the good of our fellowmen.

Actually, there are lots of countries where Bitcoin is legal, here are some; Australia, Belgium, Brazil, Canada, Colombia, Croatia, Czech Republic, Cyprus, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Poland, Singapore, Slovenia, South Korea, Spain, Switzerland, Sweden, Turkey, United Kingdom, United States etc. Currently, Bitcoin is legal in all the 52 states in the US, although each state has their own policies. However, I don't know if all those states, as well as the government of those countries, are imposing taxes on Bitcoin... 30% or more than that I have no idea.



 

Basically, it can indeed advance a country in terms of economic development I guess, if indeed it's acceptable which can be able to deepen it from all that's related to cryptocurrency. It depends on each government's response to all things related to bitcoin and how to act on it to make it a way of progress for a country without risk. In essence., this is how about to direct it from the governments of each country I guess.

The use of bitcoin in some countries has reached a very high percentage. In Japan the use of digital currency has a transaction amount of 50%. This percentage rate is very high when compared with the percentage in the United States which only reached 25%. Due to very high interest, the Japanese government officially legalized bitcoin as a legal currency in digital transactions.

Venezuela doesn't seem to be the best example. They released their own crypto and told that managed to collect huge amount of investments...without any proofs

Applying tax will make another revenue / income for my government. It's a good news , isn't it ?
But my government is not interest !

Why ?
Because bitcoin still consider as criminal money because it can be use for money laundry or drug transaction which my goverment are against with them !

Yes, I agree with that, the government must legalized bitcoin. because, Bitcoin can boost the economic growth of a country, Bitcoin can also encourage people's spending power, and I think, if bitcoin in legalkan will be an increase in assets that can encourage consumption patterns of society.

Some countries have already legalized bitcoin after imposing some regulations to monitor any movement or transfer of the cryptocurrency. Here in my country, the central bank is already drafting a regulation for the cryptocurrency exchanges and this will be implemented next year once the drafting is completed. Taxation might be the next move of the government after the regulation is implemented.

I don't understand what good? I don't share your joy. Any rules contradict the idea of creating bitcoin. If this is really done in your country then I am sure that the popularity of bitcoins in your country will decrease. Bitcoin is a free economy and supporting the government's plans to legalize bitcoins is a betrayal.

But there may be the rules which don't affect decentralization nature of it,Therefore This means that the central authority will have no power to dictate rules for owners of bitcoins,I personally think that it will be acceptable for everyone,but in another situation of course if it is negative for bitcoin holder it will be illegal to create such regulations..At the same time I can't understand why there is the need for such a thing (I'm talking about regulations related to people's property right) when the block chain already keeps information about everything.Anyway I hope the banks and other financial institutions will see and consider cryptocurrencies as an alternative for the financial transactions in the future.

The government believes and believes that proper regulation and supervision can make Bitcoin's potential a positive impact. They have also implemented some rules to prevent the currency from being used for unlawful activities.

That's what they want you to believe, yes, and it worked pretty well on you from the looks. Reality however shows that they are just trying to build a cage around the entire centralized market to prevent you and all your fellow sheeples from ejoying too much freedom. Their only objective is making you pay your due taxes and keeping your capital flow in check and monitored.

What exactly are these rules? No one can prevent me or anyone else from conducting *illegal* peer to peer transactions. Technically, it's not even possible for governments to do that with centralized platforms. The only difference in this case is that your personal information is attached to specific transactions, but still, it doesn't prevent anyone from conducting *illegal* transactions. The only thing that can happen is that you will be punished afterwards due to them having your personal information, but that's it.

It's nice to hear that bitcoin will become legalized in all countries, no banning of bitcoin will lead to a successful country because it lessens to the unemployed people that having an extra income through this.
Well, I am still lucky with my country they are not imposing everything law against bitcoin, so, I can enjoy much more using bitcoin in my country. Besides, they have recognized bitcoin as a mode of payment here.

very nice information to hear that bitcoin will be legalized, even though my country has not yet been officially registered, but it is already a signal that biitcoint is legal.

Already bitcoin owners are now established and thereby contributing to national economy individually, in the area of job creations and so on whether government legalizing it or not. Legalizing bitcoin by governments all over the world would be a very good development and this will make local transaction easy and so on.

Seems like it will. Because cryptocurrency really get changed our lives

https://blockspoint.com/bitcoin-banknotes-appear-in-singapore

Simply because they knew that they can get taxes from it, if they can control the peer to peer transactions. They can never centralised it I guess. Legalising bitcoins by government is good in the ears but in mind its definitely a hard and complicated thing. They just want to get from each one of us our responsibility to pay tax so they are trying to make it legal.

In future the bitcoin will be legalized in all countries. Now itself some countries accepted bitcoin in their countrie. This will make some changes in other countries also. No one can stop the growth of bitcoin so defenitely one day all countries will accept cryptocurrency. But not immediately it will take some time. In my country neither bitcoin legalized nor banned. It would give life to many people to earn extra income through this. If government legalize bitcoin it would lead that country in a developing way.

Please do more research mate. There are 195 countries in the world today, and according to wikipedia (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory) there are around 70 countires/territories where the usage of Bitcoin is legal...

Bitcoin is future digital currency and it any where to use. So most of the people know the bitcoin process and information gather. Today more than different cryptocurrencies in the market place. So choose the best coin for the future invest.  But Bitcoin still people belie. While tax authorities enforcement agencies and regulators are still exploring the phenomenon one pertinent question is bitcoin legal or illegal. The answer is it depends on the location and activity of the user. Now some  government will legal bitcoin but with rules and regulations. It good opportunity for the people growth and country growth. So most of the people use the bitcoin long time.  But coming future bitcoin will be accept all country. It help to connect the country people.

I believe that the government should be made legal on Bitcoin because it can be a huge revenue gauge of the government and it can develop many improvements in our country.

I agree with your opinion, but in my country even in 2018 this state finance authority we provide an ultimatum to be careful with bitcoint

As long as authorities adapt bitcoin and legalize,  they are going to benefit themselves more. The economy standard would certainly experience a new face.  The wealth of the nation's would certainly boom up. What else the citizens  required. Citizens have an number of options here to earn and change their lifestyles. 

I would have strongly agreed to your argument but there are two things here. First is that who will be taxed when it comes to bitcoin? I mean most of the people who have the largest stock of bitcoin hold it in their private keys which are untraceable as to who own them and who controls them and from where they are controlled. So taxing a private key is obviously not possible. Taxation will only be possible if I approve myself that yes I earned this much from bitcoin and honestly speaking why would I? Here comes the second thing that bitcoin was created may be not directly for tax evasion but surely tax evasion would have been a very strong motive in here.

This form of tax evasion isn't just related to crypto. I barely trade any stocks, but when I see certain dividend stocks on the lower side, it might be an interesting option to go for when it comes to diversifying my portfolio. In the same way, it's me that decides to declare these holdings and the profits made. If I don't declare any of them, and honestly speaking I have done so years ago, no one comes after me. This directly also applies to your gold coins and other metals that you own and trade. You are obliged to pay tax legally, but people just aren't doing it in some cases, which is pretty understandable. In all cases it comes down to how willing you are to declare your profits, so crypto isn't anything special.

Many countries are arranging to make Bitcoin by making their own crypt-currency. The country has got a lot of taxes for having its own crypt. Bitcoin is taxing more than 30%, this is the highest taxed tax. https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
It should be legal in all countries so the every government can get huge amounts tax.

I have always wondered how the tax department will react in case you suddenly start reporting your gains. Is it even smart to report your gains after not having done it for years? I have been thinking about it for a while.

Can you just claim that you found back an old wallet file? At some point large holders will become multi millionaires and it will somehow require them to come up with a solid plan of action to buy properties and such.

There are several ways to approach it from an illegal perspective, but doing it legally will definitely be a challenge and could end up causing more bad than good for you. Tax evasion has always been a serious offense.

It's your own money, but you are a criminal for not handing it over to the government. :D

Some countries are already declared Bitcoin is legal as they believed that adapting Bitcoin is an advantage to make their economy strong and stable. In fact some of these countries imposed less Bitcoin tax like Japan and France, then declared it no tax in Germany so i think with these huge development many countries were going to be attracted to support, to adapt and will legalize Bitcoin.

30% is too much while there are other countries that don't charge taxes at all. Those government that will impose that are surely against btc. They should also put the tax on withdrawal and not on profits.

That's actually a good question, but it depends on what country you are from firstly. I have done some research on this last year, and the explanation was pretty simple and straightforward.

If I can prove that my coins haven't been into circulation in the previous years, which can be proven easily with how open the blockchain is, it's like I instantly obtained that wealth, and only have to start paying due taxes from the moment I claim that I gained back access. That's from a wallet backup, which I assume is the easiest part because it clearly shows that your coins haven't been moving. I don't know how things are in case you can't prove that your funds haven't been into circulation.

In case of the latter you are better off just not declaring anything, or you have to contact an attorney specialized in crypto tax cases to see what your options are.

Bitcoin legalization may take time in some countries with strict laws and unaccomodating leaders. They are the one who are used to a centralized government and everything in their country is almost under their control. Bitcoin, a decentralized virtual currency will be having a hard time to enter in such country unless they can control it. Other countries are planning to create a regulation to control the flow of bitcoin in their area before allowing it to use by their citizens.

If Government on legalising bitcoins is the best news for people in this forum but this may be a historical process it will take place slowly,
From acceptance to acceptance, from one country to two countries ... to all legalization
If the legalization takes place, more people will have more work, more opportunities to contribute to poverty reduction

The government on some countries would legalize bitcoin and others are afraid to accept. The main reason for not legalizing bitcoin is if it enters it will dominate the local currency. There is no value for fiat, and at the same time tax problem. Because people using bitcoin is no need to pay tax. This is another major drawback to the economy of the country. If country will accept the bitcoin it will give more revenue. Soon bitcoin will be accepted by other countries also.

Not totally to control bitcoin but rather it do make regulations when it comes to services that it uses or involved. We know that bitcoin cant really be controlled when it comes to technical which this is one or main reason why government on some countries wont easily consider on accepting it because of such feature. Uncontrollable and anonymous stuff.This is why they do come to a point where they do end up on accepting it and do only get taxes into those things which do make btc transactions.

Once the government accepts bitcoin the economic growth of the country will more. The revenue come from bitcoin will be more than revenue come from local fiat. The turn over of the country will be high when compared to local currency. Bitcoin legalization takes in some countries and if they run it successfully means other countries also consider to accept bitcoin. Lets us wait and see whats going to happen.

Thats the least the goverment could do to legalize Bitcoin, putting taxes in a specific coutry's local exchanges. With every purchase or selling there is a certain percentage to be taken as a tax excluding the transaction fees. Its also a way of regulating Bitcoin. Regulations isnt bad at all for it will protect investors from harmful scammers and other theft related activities.

I guess it is not easy for the government to decide if they going to allow bitcoin in an instant. Ofcourse there are lot of factors to be considered first before hand. Like the bad and good effects of bitcoin in the economy and for the people itself. And so as the acceptance of bitcoin as a whole. There are still lots of people who does not yet know the existence of bitcoin. Government cannot accept and legalize a currency which there are people who are ignorant about it because in the end the goverment are the one to be blame of.

If bitcoin is legalized by governments then the economic growth of that particular country will be tremendous. It happens in one country automatically it will give massive changes to other countries as well. Lots of good will certainly haooen especially to their citizens as well.

Yeah if the government legalise bitcoin it can help to become strong and rich the country yet it will make to persuade the other country to accept bitcoin too.

It doesn't really depend on that. Since when have governments done anything for their people instead for forcing their people do to something for them? The main concern for the government is that they aren't capable of catching up on everything related to crypto with how fast it keeps growing. By the time they have come up and agreed to force through regulations, they are somewhat forced to review their regulations with how the market yet again moved to the next level. The main point of importance is that with how the ecosystem around crypto keeps growing, new platforms and products emerge, which all requires new regulations to cover them. It's basically an endless cycle.

I think the best thing that can happen to any Government is to legalize Bitcoin, the people have chains of income, when this is done the Government can now place tax on  the users of bitcoin, believe me  you they will pay any tax exacted on them as long as they don't have fear in doing their business.

I think the best thing that can happen to the Government is to legalize Bitcoin, but the Government apparently in legalize bitcoinagak is difficult, even now a lot of information is dropping about bitcoint

I hope this will happen in future not immediately, it takes time to understand the whole concept of blockchain technology. It is difficult to understand immediately. But in future surely it happens. The main reason that government afraid to accept bitcoin is it will dominate the local currency. Slowly slowly it will disappear the local fiat. But government dont know if it accepts the economic growth of the country is rich. If it happens in one country automatically the revolution takes place in other country also.

Agrees with you, Bitcoin becomes a promising investment ground. Many people are in droves to buy bitcoin for sale again when the price is soaring. If only a country legalized and taxed the transaction from the bitcoin investment then it would be a very beneficial asset for the country itself.

Before legalizing and taxing bitcoin, some governments may going to find effective ways on regulating cryptocurrency exchanges and create a modern monitoring and tracking system for individual or group that uses bitcoin illegally. They also have to find some solutions on dealing with bitcoin's volatility, ralid fluctuation, high trabsaction fees and others.

I've seen some article regarding John McAfee planing on making a Political party on 2020 American Election. I don't know if its true or not. He's aiming to create a Politcal Party that will support the cryptocurrency community. Lets wait and see if they will continue to create a party and walk our crypto community and bitcoin/altcoin will be legalized later 2020.

yes i agree with you because Crypto is the future of financial life,

Though there may be reasons for government not legalising bitcoin, it's suggested to adapt or legalise it as the government economy would enhance which will support the growth of citizens and etc. We can see the development of the countries who accepted bitcoin. They even started creating their own crypto currencies on developing the projects supports the countries. The wealth standard would grow certainly when bitcoin is adapted.

Bitcoin is legalized by the government it will enrich the economic growth of the country. Main reason that government not accepting bitcoin is it would dominate the local currency. The benefits of bitcoin is very high when compare to local fiat. People are invest only in bitcoin not in local currency. This would affect the revenue of the country. Now many countries accept bitcoin in their country and some country ready to launch its own cryptocurrency. But in future hope all the countries accept bitcoin.
 

B Poccии paccмaтpивaют вoзмoжнocть лeгaлизoвaть в 2018 гoдy oпepaции c биткoинaми и дpyгoй кpиптoвaлютoй в paмкax бopьбы c нeзaкoнными дeнeжными пepeвoдaми.

Oб этoм в aпpeлe cooбщил зaмecтитeль миниcтpa финaнcoв PФ Aлeкceй Moиceeв.

«Гocyдapcтвo дoлжнo знaть кaждoгo yчacтникa финaнcoвoй oпepaции, — oтмeтил oн. — Ecли этo cдeлкa, тo лицaм, пpинимaющим в нeй нeпocpeдcтвeннoe yчacтиe, нeoбxoдимo пoнимaть, y кoгo oни пoкyпaют и кoмy oни пpoдaют, кaк этo пpoиcxoдит пpи бaнкoвcкиx oпepaцияx».

B нaчaлe фeвpaля зaмпpeдceдaтeля ЦБ PФ Oльгa Cкopoбoгaтoвa oтмeтилa, чтo Бaнк Poccии и Mинфин в cepeдинe гoдa выйдyт c пpeдлoжeниeм пo peгyлиpoвaнию кpиптoвaлюты в Poccии. Oнa тaкжe дoбaвилa, чтo ceйчac oпepaции c кpиптoвaлютaми в cтpaнe минимaльны, cooбщaeт TACC co ccылкoй нa Bloomberg.

I think it will not be easy to some of the countries to legalize Bitcoin. Especially for the countries who believes in their current system and don’t want to adopt change. But I still agree that legalizing Bitcoin will improve the economic growth of a certain country. Especially those countries who have a high percentage of poor people. Bitcoin will be a great help to uplift their financial needs.

Pyкoвoдитeль Цeнтpa экoнoмичecкиx иccлeдoвaний Инcтитyтa глoбaлизaции и coциaльныx движeний Bacилий Кoлтaшoв cчитaeт, чтo плaны пo лeгaлизaции биткoинoв cвязaны c yкpeплeниeм pyбля, пepeдaeт Haциoнaльнaя cлyжбa нoвocтeй (HCH).

B Япoнии c 1 aпpeля вcтyпил в cилy зaкoнoпpoeкт, нaдeляющий биткoины и дpyгиe кpиптoвaлюты cтaтycoм плaтeжныx cpeдcтв. C 7 aпpeля oдин из кpyпнeйшиx ceтeвыx мaгaзинoв элeктpoники в cтpaнe — Big Camera — нaчaл пpинимaть к oплaтe биткoины.

Paнee poccийcкий Mинфин лoббиpoвaл зaкoнoпpoeкт o зaпpeтe oбмeнa кpиптoвaлют нa pyбли. B мapтe 2016 гoдa миниcтepcтвo пpиcтyпилo к пoдгoтoвкe зaкoнoпpoeктa o ввeдeнии yгoлoвнoй oтвeтcтвeннocти зa oпepaции c биткoинaми и дpyгими кpиптoвaлютaми. Пoзднee paзpaбoткa дoкyмeнтa былa пpиocтaнoвлeнa.

Биткoин — oднa из caмыx извecтныx кpиптoвaлют, oнa coздaнa нa бaзe блoкчeйнa. Блoкчeйн (oт aнглийcкoгo blockchain — блoчнaя цeпь) — тexнoлoгия pacпpeдeлeнныx бaз дaнныx, ocнoвaннaя нa пocтoяннo пpoдлeвaeмoй цeпoчкe зaпиceй. Oнa ycтoйчивa к фaльcификaции, пepecмoтpy, взлoмy и кpaжe инфopмaции.

The utilization of bitcoin in a country will not make fiat currency unworthy, this is an exaggeration. Someone will need fiat currency for their daily life, bitcoin or cryptocurrency just as an alternative payment. And for taxes problem, can actually be surmounted by the government, eg before legalizing cryptocurrency, they can agree on taxes for each user. That is to say, every cryptocurrency user is required to issue taxes to the government because all we know cryptocurrency can serve as a promising place for trading and investing. I think this is a good solution for cryptocurrency users and governments that still make cryptocurrency an illegal place.

If government is legalising Bitcoin then it can be feverable of government because government can enforce a big amount of income from tax.

Expect every country to adapt bitcoin and develop it's wealth and economy. Lot of changes can be expected out of accepting bitcoin. The citizens' employment, it's market growth and etc will have good changes. Every individual will certainly feel the changes in their life with more wealth with less effort developing more skills and knowledge in smart manner. Plenty of time would be at hand to spend with their families. Lot more good would arise.

I want to know already many countries banned or illegal in crypto currency from officially.My question is at future there are any chances to newly legalization about bitcoin in those countries?

we will know this in the coming years but not today. Bitcoin is created purposely to separate people from government system when it comes about making profit due to the lack of transparency and service. So to make bitcoin centralize is a hard thing to make.

i think it can be done in near future, but it is big job to creat services, some ATM for bitcoin in markets and on the streets, it need investing too

it is only politics in this words, nothing more. Many politicians in different countries have businesses and in no law way, so you can think..

My country is starting to acknoledge bitcoin. They are conducting some meetings with bitcoin professional from other country. So i think in the near future bitcoin  will be legalize here in my country.

I think that delays the recognition of currency by governments
Is that they are looking at it from all sides and in particular the impact of this recognition on the banks' work
As well as what is the appropriate form of taxes and size so as not to be exaggerated or cheap
As well as control of this nascent trade in money laundering operations
All these and other things are being carefully studied by governments to provide a full picture of how to deal with this new

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
 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. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.

That's a very difficult question. Of course, the state as a whole bitcoin and other crypto currency is not profitable for use. It really can not control it. In addition, a big problem is the greater volatility of the decentralized crypto currency. Most likely, the states will use their centralized crypto currency and will try to shift their attention to it.

I do love to see in the future with the law presenting the official acceptance of Bitcoin by the government, but I don't like the thing that the government will have control on Bitcoin in this coming years because I want it to sat decentralized but I do love that every investors has the government protection.

I read that South Korea imposed taxes on the 10% foreign exchange rate and this in my opinion is correct.

it is not so easy that the government can legalize bitcoin because they also do not want to take risks for bitcoin weakness but if bitcoin is improved then the government will re-think to legalize bitcoin.

Yes. Governments should legalise bitcoin. Once the it is regularize by the government then it can be taxed. But i do not agree that bitcoin should replaces another country's currency when they can co-exist with each other. Bitcoin should just stay the way it is, and your country's currency should also just stay the way it is. In this way there would be no problem in the way it is used.

As of now bitcoin is not legal yet but not illegal too here in our country. But our government has talking to cryptocurrency professionals from other country. I think in the near future our government will make bitcoin legal here.

Many countries are against the regulation of bitcoins on their territory.  They are afraid that the operations will be conducted behind their side.

so hopefully the government can immediately legalize bitcoin, because if we think is not free, because in bitcoin sales dikeakan fairly large taxes, so there is no harm if it is immediately legalized.

god

Sure the government will legalizing bitcoin soon, once the economic growth of the country will be rich. Now many countries will accept bitcoin as legal in their country but at the same time few countries would be banned the bitcoin. If one country succeeds in the economic growth means automatically the other countries also consider for the acceptance. Due to its tremendous growth surely bitcoin will be consider as legal by all other countries in future.

If ever the government is going to legalize bitcoin, maybe it will make the bitcoin more known and recognized to the people.

Some countries choose strategy of banning cryptos and ICOs (i.e. Vietnam) , some try to regulate operations with cryptocurrencies by issuing laws (ban anonymous crypto trading like in Japan, Russia) some other countries see cryptos as prospective form of assets that have a potential to positively influence on the country's economy. Europeans believe in future of bitcoin and other cryptos and encouring investing in this sphere (read more https://blockspoint.com/european-future-is-bitcoin)

To my mind, bitcoin possesses all the futures to be legalized in most of the countries. Moreover, a lot of countries had already launched their own national cryptocurrencies.

Nowadays crypto become more popular day by day. People are aware of crypto and ready to invest in crypto due to its high profit. So the government also now legalizing bitcoin for their people. If bitcoin will be legalized the economic growth of the country will have high growth. Due to this reason many countries now accepted bitcoin as legal. Now few countries legalized bitcoin with some rules to use. In future many countries will be added.

Creating a standard regulation/system within a country for bitcoins would not be so simple. There will definitely be arising unfair practices especially within a country with high corruption rate.

Most countries are already legalizing bitcoin. If we look it in a good way, legalizing bitcoin would improve a country's economic system because of the large revenue the government may benefit on from imposing tax on it. The sad truth is that, some would still avoid to pay this taxes or if taxes are paid the government officials would just embezzle the money for their own benefit.

You'll just discourage people to use bitcoin with that outrageous fee. I envy countries who don't tax bitcoin profits like in Germany and I wish it happen in my own land. Government can still tax us when we use bitcoin to pay things by putting it in oil, goods, and things that we normally purchase.

Government and people are contradicting each other because of Bitcoins high volatility. I personally think 30% tax is too much for the government to ask, considering how volatile Bitcoin is.
I am not against regulation, but what I am afraid of when regulations are being implemented around the globe, is the possibility for the tax being abused.

Good steps from countries who legalising Bitcoin. When big countries will start accepting Bitcoin on their jurisdiction others will simply fellow.

I absolutely agree with this that it is entirely in the interest of the state, because they can have taxes from this!

For some governments, it will take time before they will legalize  the cryptocurrency because there are many things to be considered first before allowing it to be use as one of the legal tenders. Their first step might imposing some regulations that aim to check the possible use of bitcoin in illegal means like money laundering or scamming the people.

although it is still the government must take action to control the use of bitcoin because it also can reduce unwanted actions such as theft or murder, because when the spread of bitcoin freed just not only the fantasy criminality will increase but it can be a reality, it would be nice government crack down on it so all usage of bitcoin can be controlled.

If bitcoin will be legalized the economic growth of the country will have also increase. In my thought legalizing Bitcoin will improve the economic growth of a certain country. Especially those countries who have a high percentage of poor people. Now The governments are coming step by step closer to legalizing bitcoin. Here is the biggest advantage would be, the government will not ban BTC and people will be free to use it. It may become a great revenue source for the government by imposing taxes. This kind of technology is what we need right now to transact easily everywhere in the world. 

Because it does not have a central server and no regulation is regulated, bitcoin transactions can be done at will. Of course as long as you have a bitcoin virtual account or wallet. No taxes will be charged to us, like when transactions through a particular financial institution.

I may be wrong, but I believe in technology, and I think the fight with the government will be great, but in the end the Crypts will be the winners.

hopefully your thoughts are in line with government thinking including all bitcoin users, because all hope the government in various countries immediately legalize bitcoin, so bitcoin not only used or stored as an asset,

If a particular country is going to create its own cryptocurrency therefore it will not be called as bitcoin anymore instead it would be altcoin and yes since it is the government who created that crypto then it will be easy for them to monitor the flow of the coin and easy for them aswell to impose taxes on the holders but then again its is not bitcoin and bitcoin holders are still free from taxes and can remain anonymous.

I agree with you. But, In general, however, the new breakthroughs are usually considered controversial before the benefits are fully understood by the public. The internet is a good case example to illustrate this point.

I am happy because this can help the country to get income from taxes. But it needs regulation about taxes. I hope in the future more countries will accept bitcoin. Because some countries still don't believe in bitcoin, so they want to control bitcoin. Once the bitcoin is authorized, it is necessary to regulate the tax

The regulation is already a bad sign for bitcoin, Bitcoin was attractive for its anonymity and speed of transfers, after the regulation I think we will see the decline of bitcoin.

tax collection will occur when it has legalized by the government and of course this will be one source of government revenue, but unfortunately there are still many countries are still afraid and hesitant so they choose to be neutral,

yes, the government must now be able to adopt cryptocurrency and legalize it because the income from bitcoin is very helpful for the economy and build the development in the country, then they must improve the technology and regulations to be able to apply the tax on every sale and purchase transaction or trade when the profits of the country can be taken from there

It is true. in fact the government is difficult to legalize bitcoin to become a usable digital currency and make bitcoin a source of state tax revenue. the decentralized nature of bitcoin makes governments afraid to take policy.

I would like to, because some countries are trying to legalize bitcoin by creating electronic money. But many countries fear bitcoin as a concern, they see bitcoin as gambling.

I do not think the countries that are banned from Bitcoin think that Bitcoin is gambling. In fact, they think Bitcoin is volatile, and they can lose their national assets at any time. They also think Bitcoin is a big threat to them

If the government accepts Bitcoin and imposes a 30% tax on Bitcoin, I will also be happy and pay taxes to the government. I will be allowed to buy and sell Bitcoin publicly, and Bitcoin will be used in public places

The government's legalization of Bitcoin is a great thing for those who are investing in Bitcoin. But with 30% tax, I think it is a huge tax for every Bitcoin transaction. The government should only receive 3% on each transaction

I don't think that. The government legalization BTC, the number of transactions will gradually decrease. The majority of countries see BTC as a gambling problem.

But the government will never be able to legalize Bitcoin in the short term. We should give the government more time to learn about Bitcoin and cryptocurrency. After they reach Bitcoin and understand it better. Surely they will accept Bitcoin

Bitcoin has been considered a payment currency in some countries like Japan, USA but at a limited level. In the future may be more popular. If Bitcoin and virtual currency are the means of payment of goods, it is only the first step. Viewing Bitcoins and virtual currencies as a payment method is inevitable

Indeed! in which there are lot of benefits the a certain government can get if they legalize Bitcoin in earning thru Bitcoin tax is surely a big help. The other wonderful benefit is to reduce the unemployment which is the most common problem of every nation that if unemployment will be reduce then for sure the purchasing power of the people will going to increase making their economy to become more strong and stable.

There are many countries who already declared bitcoin s legal.  And some countries are planning to do this  legal.
Because it can increase the income of government . When bitcoins will be legal in Any country government can impose taxes on that income  . It will definitely increase the income of government. And scope of bitcoins is very  high

If in the future Bitcoin is approves to be the same like dollar or any fiat with Bitcoin wallet protected and run by the government, then I am willing to comply with the KYC.

I do not think that this is a good idea.  If the government will at least somehow influence the currency, it will not be the one that invented it.

Legalising bitcoin now from the government is now gonna happen but not directly to the bitcoin, it is to us as a user they having regulations implemented by paying tax and so on. Time to time whether we like it or not bitcoin will formally be legalized in all the countries.
As of now, we experienced already a having filled by KYC so, what's next?

That is true but we need to still wait for moves like that, goverments need to get lot of knowledge before they "change" the law so it could take even some years, being patient now is the only key.

Exactly. Their economic growth would seriously be booming if they do legalise.It is true. in fact the government is difficult to legalize bitcoin to become a usable digital currency and make bitcoin a source of state tax revenue.

Goverments should legalize Bitcoin as soon as possible. Having it banned won't make people stop using them.

Support.The ligation of the cryptocurrency and its use as a financial instrument could greatly expand the Spector of economic opportunities of the state.In particular, to get rid of the already very boring binding to the us dollar.It creates a number of inconveniences and unnecessary costs in completely different growths.Blockchain technology and bitcoin in particular helped with the solution of all these issues.Not to mention that he could in addition to reducing costs and still greatly increase profits.

For me the last part of your statement is very true cause for me goverment could even take something for themselves if they will see possibilities connected to crypto for their country.

What we wouldn't say this time is definitely closer to make things like that than in some months ago in past, we just need to wait some more time till one of the countries will show to others that this move could be done and there is nothing to be scared of.

Since they want to receive taxes, let bitcoin be legalized.

I also think that bitcoin can be an excellent way to earn money for the state.

Yes, I think, the government must legalize bitcoin, besides the government can get tax from bitcoin, Bitcoin can also increase global access to trade, that thing it can help trade in a country to continue to grow.

Indeed! Bitcoin taxation will help the government to create more fund to help their people more effectively but even do without taxation but still Bitcoin can help the economy by reducing the unemployment that once it will be reduce then the purchasing power of the people will become strong making the economy to become strong and stable too. Nations like Japan, Germany and France are imposing Bitcoin income of less tax to free of tax in which they already proven that Bitcoin will help their country in ways other than taxation.

but this does not mean that the reason bitcoin becomes legal in a region / country, can the state only receive tax without giving legality to bitcoin. but everything can happen whatever it is always ready and alert.

Many governments are still not inclined to legalize bitcoin because of its decentralized nature. They are used to control the currency they issued and other financial services of the country. Japan have already legalized bitcoin but at the same time imposed some regulations and taxation on the cryptocurrency exchanges that are operating in their country.

There are very good prospects at the expense of bitcoin, but why it can not be only a digital currency, and not a means of manipulating people.

In countries with democratic governments, bitcoin and other crypto currency will be legalized in the near future. However, states will admit its circulation on their territory, but they will not actively support and use it themselves. Decentralization of the crypto currency and its greater volatility are a significant obstacle to its use by state structures, and even possibly, business structures.
In other states, the issue of the introduction of crypto currency will be solved long and in different ways.

Yes it may happen in the near future that government will imposed a tax if they will legalized it in our country.But it was decentralized and it has many process before it was happens that they can regulate cryptocurrency.

The main thing is that the members of the government themselves understand this.

So many variants of the country's development with the help of bitcoin, and they instead want to ban the currency altogether.

when bitcoin has been legalized, one of the consequences are tax regulation. Moreover, when there's regulation, it means the government taking over of your control, while bitcoin or other crypto currencies should be remain anonymous, I guess. Legalization is true needed but under some condition, i hope you get what I mean.