Bitcoin Forum

Just curious which one would be more accepting of bitcoin or any cryptocurrency for that matter. China nowadays seem to headline a lot about artificial intelligence and other technology. They are also promoting a cashless society. So I am betting on China.
Feel free to contradict. This is just me overthinking. Maybe, neither would even legalize it in the future. Or perhaps countries would create their own crypto?

Neither of them will do so anytime soon, nor  .  . . . ever.

The notion of Bitcoin stands in fundamental contradistinction to the idea of a centralised nation-state. So, as long as that entity exists, there's no space in it's Venn diagram for any non-state virtual currency.

Correct me if am wrong, but bitcoin is. OT illegal UK the US, and individuals have to go through a registration process and be licensed to own it and see also taxed on purchases.

China on the other hand are looking to localize digital assets. And grow their own cryptocurrency.

Well, right now the ownership of Bitcoin is not 'illegal' in both countries, US and China.

If you mean the full implemention similar to the national currency, I think it's very unlikely in both countries in the near future. In the US Bitcoin is already very popular, but I think in the government are too many sockpuppets of wallstreet and most of them would lose a part of their power if Bitcoin gets stronger. In addition, the US would do nothing that would endanger the dollar's influence in international competition and that would be endangered with Bitcoin. So it will be very important for the USA to keep the dollar as number one. Also big companies like Visa an Mastercard are influencing politicans to stay away from Bitcoin (and maybe pay them) because Bitcoin is their direkt competitor in digital payment.
Many politicians are against Bitcoin, not everyone is positive like John McAfee.  ;)

And it is not much better in China. The communist government has already concluded many measures to limit Bitcoin, such as limiting mining and discouraging people of buying bitcoin. The reason, in my opinion, is that the government is in danger of losing parts of its power in the country. It is still a very communist country, not a liberal.

But I'm sure the people will see the benefits of Bitcoin, no matter which measures the governments takes to prevent it.

I think It would be china because usa right now id very protective with their economy And the arent evolving anymore the the reality of the current market trendings but the first lf allá governments Who Will adopt them first would be the poor ones because they doesnt hace todo muchas yo loose if things  go wrong And they hace a lot to sin if things go Well.. i dont know if im explaing myself correctly

I think China will soon be legalizing bitcoin in the future. I realize that there are many bitcoin investors coming from China although this country does not support electronic money. Many factories to exploit bitcoin are built here. From here, I see that the Chinese government may soon be legalizing bitcoin.

It has a point. Bitcoin is made for Asian first and probably the first legalization will come to asia. Another factor is stated above in which China needs bitcoin that is why they will going to legalized it. A very good thing for China. America allows the use of it but not really. Thay just let their citizen to do so.

I don't understand why so many of you think that China will legalize it. China is the county with a highly censored Internet and a country that has fought Bitcoin since 2013. They  banned banks from doing business with cryptocurrency exchanges, they forced miners out of the country. Do you really believe they'll suddenly change their mind?

Of course US will do first. China just have too many problems with bitcoin, high ranking officers are very corrupted there, they are eager to hide their fortune they steal from the country and bitcoin is the best vehicle for it. If legalized, it will become the paradise of corruption.

i think USA will do legalize bitcoin 1st and china is not good supporter for bitcoin.another thing china is not favourable country for bitcoin so no chance to legalize bitcoin in china.

In my opinion, I think that's not a possibility in anytime soon, especially with China. China has expressed her complete unsupport for Bitcoin and more worse crypto. Also, with USA, they'll debate over this for years and they'll never accept, not with the old head economist hating Bitcoin. So we'll be hanging around and trading oyr precious for years and i love that lol..

I tend to believe US will be first and I'll tell why:
* if you read more you'll see that China's "cashless society" thing is closer to a lie than to reality.
* actually the first can be considered Germany, I think. Malta is next? I am not sure if I am accurate here.
* because of Germany, France, UK and then US may follow
* although 180 turns are not unexpected from China, bitcoin exchanges are still not allowed there, right?

In my opinion, American society is more prepared for the official adoption of Bitcoin than China. But in fact, everything can change completely depending on which country will have enough political will to adopt legislation regarding the use of cryptocurrencies.

This is a very interesting question. The conflict between these giants is growing every day. I heard that bitcoin was prohibited in China, its mining, and with it all cryptography. But in America, Bitcoin was already taxed. And they are trying to master the technology. By this I put on America)))

I think US will be the first to legalize cryptocurrency specially bitcoin because they are already aware about it and planning to do so. US are now asking permit to operate for every cryptocurrency related business. China is a big county in terms of economic and commercialism but they are not so fast to adopt new technology related in digital currency.

It won't be China because that is a communist country where they never want the decentralization in anything then how they will allow decentralized bitcoin into their system but they maybe better in new technologies so they will create new currency for themselves or they will just go with NEO.

A preview of past events as well as personal opinion, China is the most likely to legalize bitcoin first. Considering the China people enthusiasm towards cryptocurrency, China have all it takes to legalize Bitcoin first. Despite China government/bank ban on ICOs, they are the most likely. In the near future, if they are able to sort things out properly, it could be legalized. I think China have more cryptocurrency platforms than US at least prior to government stringent policy.

China is heavily cracking down on crypto's since last year. China's PBoC doesn't want crypto to take off because of its non-regulated and decentralization. So I have no doubt that legalization is not on the horizon. As far as the US though, they're very careful on issuing regulations as they also afraid of bitcoins pseudo-anonymity. Personally though I think US will at least regulate in the future as we have seen positive statement from SEC Chairman Jay Clayton.

Well many in here are saying that the U.S. will surely be first in regulating bitcoin and other cryptocurrencies, But I really think neither of the two will be regulating any crypto, for now, We can not tell if what's ahead in the future and both have a qualification in doing the same thing, What if both countries will regulated bitcoin at the same time? or another country will be regulated first, There should be Russia in the option above, We can sure learn more about Japan and its adoption for cryptocurrency regulation,

But you can go to this website to see on the list who's country and territory to legalized cryptocurrency first https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

America will be the first country to accept Bitcoin because this is a very developed country and Donald Trump is a smart guy, so he will choose the best things to help him achieve his desire. China is a difficult country to open up to investors, and in particular, China has many bans on Bitcoin and Crypto.

in my opinion, the first time is America, because the majority of the population there on average are familiar with digital currencies, and even lower-class people are already taking what bitcoin is. Whereas in China I am not too sure about it ... !!

Bitcoin is legal in US.

China will make their own cryptocurrency first then accept BTC

Bitcoin is a decentralized cryptocurrency so it's hard to see any government for that matter legalizing it or claiming sole rights to it.

no need to argue who is the dirst of them accept bitcoin as legal
Both country are trying to lear how to regulate bitcoin to got taxes and for security purposes for the user of bitcin
If yuo want to check who is the first legality accept bitcoin please search into google i think the answer was there

Maybe the first who really legalize bitcoin is the US because I heard some news who banning bitcoin will not good. But I hope more country will legalize bitcoin so we can pump again bitcoin.  No more country ban bitcoin but they will leglize, accept and adapt bitcoin to have more investor of bitcoin to pimp again the value.

I think with time, both countries will surely legalize the coin but to answer the question, i think China will be fie=rst and my reason is that Asia are doing very well with crypto and china will surely wanna buy into it with time

Well I think it was China if the China legalized it in their country it will have a big impact in the market because one of the big investor is came from China they are one of the group that has a huge amount of bitcoin hold or let say almost half of bitcoin was there in their country although they not legalized it and as far as I know bitcoin was not ban in their country just the ICO.

The US government already allow the use of Bitcoin currency and China is not finish of regulating it therefore i could say too that US is the most friendly in talking if Crypto currency between these two powerful country. Here is the link for our common understanding of which countries in favor of Bitcoin or not https://commons.wikimedia.org/wiki/File:Legal_status_of_bitcoin_(new).png.

if the choice is only China and USA, I will choose USA, seeing the track record of China, which several times banned crypto especially bitcoin makes people doubt about this. USA will probably be the first among the two of them, but not in the near future, because they are currently focused on their country's currency (dollars) which continues to strengthen every month. seeing the trade war between the two countries, even though USA was the first to legalize crypto, if it had a positive impact, I was sure that China would soon legalize crypto.

in my opinion, it is we who will first legalize BTC as a virtual payment instrument in their country, because from what we know, Chine is currently still carrying out very strict regulations on cryptocurrency in its country, I don't know whether their reasons for reducing fraud with cryptocurrency or want payment with money to be safer, or even they want to make cryptocurrency themselves

I think the acceptance <As a currency> in the USA will happen in segments from State to State and not in the USA as the whole. America is too divided to do this all at once.  ::)

I doubt if China will ever accept Bitcoin as a currency, because their government is over protective of their currency and also over their economy. <They want total control over everything and Bitcoin is seen as a threat to their control >  ::)

So my bet is on the USA.  :P

If I have to choose, than USA. Bitcoin is a decentralized currency, which is very far away from a communist country, who actually keeps the value of national currency low purposely, to support export.

China is on way to localize digital assets. US would not lose its economical power and dollar useage in international trades. It is vital for the US to keep the dollar number one. I think China seems likely, but US government may suddenly change its attitude if it can find a way to make Bitcoin in their control.

none of the them will, if they got left behind they will just create their own form of digital assers and market it to the public, we expect that them to legalize it they are the top predator in the financial system, but they can never defeat bitcoin though

I think it will be in America, because China has very strict legislation, and besides, their country has secrecy.

I will give my vote to United States and I strongly believe that they will be the first country who will legize bitcoin before China. United States always wanted not to be left behind in terms of technology and level of wealth. Bitcoin once considered as valuable than Bitcoin and if you do some research, United States always using their power to get what they wanted.

It seems to me that the first will do it all the same to the USA because China is very far from it and he is a very strong opponent of cryptocurrency at the moment

China, in this case, is a little more advanced than other developing countries even like America in terms of blockchain technology, even China has made its own coins with its NEO to provide a new touch of digital payment technology in the world, especially in Asia. I think China will develop technology like this in the future because they know how to prospect this technology in the future.

Both are very strong market bodies and their role in recent development and economy balancing/uplift have been nearly shoulder to shoulder. But I feel that the United States will likely take up its legalization and integration in their market. I feel that America will want to remain the leading market in the global Economy and remain strong in the face of the earth. So this might happen for them faster than it will happen for China. But if China makes the move before US, then I won't be surprised because China is also trying and really fighting to change the world's power from US to their soil.

The US is not profitable to legalize Bitcoin, because it can replace the dollar in the global market.

China legalizes earlier. ;)

The Americans are a liberal society and are far apart China as long as governance and mannerisms are concerned. The only thing that makes China square up to the US is the huge economy it parades because of its gargantuan population that runs into billion. China is a conservative society. I believe bitcoin will be first adopted in the US long before the Chinese finally embrace it. We should also remember how China flunked the opportunity of becoming a lead nation in bitcoin when it banned all crypto activities and exchanges in 2017. And this damage may be very had to undo.

I  read many articles saying that bitcoin will never be legalize on china because many people are using it as scams and only few market are "legal" to use but without the government papers. It is very hard for bitcoin to become legalize there because it is just virtual and it is very easy to penetrate the system.

Perhaps Japan is the first country to accept BTC. I’m living in Japan, in here I can buy a PC and pay by btc in Bigcamera, buy cafe in akihabara and pay by BTC, MONA.... Recently the Japanese government also encouraged people not to use cash. They have a pretty open mind about the BTC.

I also think China will legitimately bitcoin in advance. Because limited government to impose laws that could jeopardize the savings they have earned. Many Chinese nationals previously deal with government officials and now Nowadays they are building their "bitcoin" facades. The whole Internet will gradually migrate to Blockchain technology, I think they will set the rules for it. We have seen tremendous development. in the Chinese team! Who has seen NEO yet? Walton, QTUM also acted again. There are countless great ideas in the world, not to mention digital money.

China is a more modern country than the United States. So in China it requires electronic money to keep up with the times. The United States will not do this soon, because they are trying to protect their economy.

the answer to this question is very simple: see the political system of china and see the political system of the usa, china are communists and hate bitcoin, they control their citizens, then how the hell a country like china would regulate bitcoin? that would be impossible But the US are different, in the future they can regulate bitcoin


I think this is impossible.


I agree, many people forget how the Chinese government is very dangerous for the whole world.

I'm not sure about that, as I don't have good understanding about the market of china and US market. If you have good sources , can you supply me.

As we know bitcoin is strictly prohibited in most of the countries due to having various lame issues and fair issues. Since bitcoin is controlled by decentralizing way so there is no specific laws to maintain this crypto market. In my point of view, I can go for China, China is country where cryptocurrency finds its real place to extend its area of advertising more about bitcoin smoothly. So US and China in both of this country, I ponder China will legalize bitcoin first for its popularity. On the other hand, bitcoin is becoming extremely popular to the people of China for Making plenty of money in a very simple way.

The answer is simple; US will legalize the bitcoin first. But China will control it. There is a huge economic war between US and China at the moment and China doesn not want to use USD at the international markets and want to damage USD. China (and the Chinese companies) is also the biggest USD dolar investor. Just think what is going to happen if China will sell USD and start to use BTC for example.

Even I think neither of them will legalise Bitcoin and I have a point.China and America right now are the greatest competitors in the global market and if anyone who legalise Bitcoin that means there own centralized currency get weak and thus making there hold the market weak.This will be unaffordable to any nation specially at this time. Don't know whether I am correct or not please let me know.

I agree with you, China seems to make everything whether it's technology or other fields. does not rule out the possibility that China will make its own cryptocurrency. And when we discuss it here, maybe there is now a team of experts working on it.  ;D

i don't think the Chinese government is dumb enough to think they can control bitcoin. specially when they release their altcoin ranking every now and then it is completely clear that they already know they can not control it which is why they are so happy about the centralized altcoins that they have more control over.

I think China will insist on prohobotion and the US will be first.

I think the United States will recognize BTC first than China!
Because Wall Street in the United States is the financial center of the world, the capital market will promote the legalization of cryptocurrencies!

I think US will legalize BTC first than China.

It is really hard to say which country will legalize bitcoin first , because  both China and Us has their both own strong advantage.

The US may likely do that first as china is always looking for cheap opportunities. The US is also in competiton with China as it has always accused China of flooding everywhere with take stuffs.

Bitcoin has always been legal in both the US and in China.  Having lived in both places and now living in China I could tell you more, but otherwise your question seems misphrased.  Here people are certainly more ready for mass adoption of public coin because virtual currencies are already the predominant method of payment, but the coins are privately issued - wechat and alipay tokens mostly.  Publicly issued coins like bitcoin et al. are used but mostly just for trading and person to person.  China is certainly a more free environment in most every aspect especially economic, but app stores here don't have bitcoin wallets and I haven't seen any public coin used in a retail setting, whereas in the US there are quite a few establishments using it as a retail payment method not just for person to person or business to business transactions.  
    

For me China is much more ahead to legalize bitcoin rather than US,it is because China nowadays is one of the largest Bitcoin mining farm average in the entire world. Even there's a lot of issues that China banned bitcoin before but time has changed, that's why this country has the biggest percentage average in terms of bitcoin mining rigs.

Agree. I think China is more advantageous than the United States or the rest. If you look around the news. You can hear that Korea is also very active with crypto. However, perhaps everything is tilted toward China as they have mining halls and labor from the great miners. It is possible that ~ 70% of the stations are located in them. And that's the reason I'm guessing that the SEC is going to go to the ETF very early. May be the end of the year or 2019.

This is true. I remember reading an article saying that China is mining like 70% of bitcoin in the world. So there is the possibility that China would really be more accepting of it than the US.

Just because China is pushing for a cashless society doesn't mean it's going to legalize cryptocurrency soon. And like you said, they are busy developing artificial intelligence at the moment. I don't think they are adopting bitcoin or any other cryptocurrency in the near future, which leaves us the US.

With the way the US is focused on the economy, it's highly unlikely that the country will legalize bitcoin soon as well.

The first to legalize bitcoin is USA, even to make it easier for bitcoin users to do the transaction Bitcoin ATMs are provided in the USA in the amount of 2372 with the most placements in Los Angeles totaling 258 ATMs. As a developed country the USA is very open to the latest technology, including digital currency technology.

I support US. I think US will legalize bitcoin before China. Even China support cashless society but i think it will take time for china to legalize bitcoin.

China comes first. since the US is trying to capture the cryptocurrency market and for the sovereignty of mining China will separate

I think that China will adopt the first bitcoin, China is very greedy and never satisfied. Their enthusiasm is very big, even, my prediction is china will win in the battle of hashes.

I'll go for the US because china has some strict laws for the miners and investors. when they banned crypto in their country they pulled out all of the company and investors out of their homeland the foreign investors has no escape aswell. But in US I never see such things maybe when it comes to legalize it first Us will go 1st and china I just don't know.

yes, I also predict that China will dominate the bitcoin market, in my opinion, bitcoin in the US is only owned by large corporations, but in China, the cycle of bitcoin transactions is controlled by public and companies and also China has cheap electricity costs

China is much stricter with its controls, in addition to having a more direct ban on cryptos, if I'm not mistaken the US ban is on ICOs that practically see them as gambling, so probably USA will establish the first regulations and normalize the use of cryptos in their country, China is usually a little more conservative in that.

Nothing to discuss about how legalize bitcoin first between the two powerfull country in the world, if not wrong after the bitcoin ban in china until china allowed to use bitcoin in their country, but until now china the learn how regulate bitcoin as currency same with the united state bitcoin want to be a regulated currency and how got taxes from virtual cryptocurrency.

I feel the US will legalize Bitcoin, I don't see China opening the door for Bitcoin. I heard that the Chinese government is constantly telling citizens to invest in gold, silver, and diamonds.. and prohibits citizens from investing in cryptocurrencies, especially invest in the ICO.

i think for two big country like that the first place will be on the China, because we can see that there are many traders, investors, and miners from china and i think it will be great when the bitcoin legalize in china

Truly seems very inseparable to compare which state will legalize bitcoin but with retropespective foresight i will definitely think China will be on the safer side to legalize bitcoin than US.

We think it would be China because USA right now id very protective with their economy, but lets see what will happen

With China consistent ban of Bitcoin and cryptocurrencies over the years, I don't see China embracing it so soon for mass adoption rather US would as they always want to be the lead in all things.

Bitcoin will never be legal in both countries, because they also have their own currency, and I'm sure they fear their currency will not be used anymore because people switch to using bitcoin.

This is a really difficult question. Each of these countries has a fairly strong economy. But I think China is more open to innovation. In addition, a large number of mining farms are concentrated here.

And it seems to me that some of these two economically developed countries will decide to legalize bitcoin and accept it as an official alternative currency. Who will be the first-is unknown, and it is unlikely to happen in the next few years. But it is quite real and we can expect it.

Despite the fact that many people consider China the center of bitcoin mining, I think that America is the first to decide to introduce crypto-currency into active use. This is a fairly progressive country, and it needs a little time to prepare for the introduction of bitcoin in life.

The US first legalized bitcoin, even in their country there are already many Bitcoin ATMs that make it easier for bitcoin owners to carry out their activities using bitcoin. The infrastructure available in the US is more modern than China, so the use of bitcoin as a payment tool is easier. While China is less aggressive in responding to bitcoin as a currency, it is very enthusiastic in developing the blockchain, the technology that accompanies bitcoin.

i don't know but from the popularity china is win, the bitcoin popularity in China is higher than the US, and maybe if the China government know this and they can makes the bitcoin legalize, it will be the good opportunity for bitcoin to makes all people know bitcoin and use bitcoin

 I dont think both countries will ever accept bitcoin. Both showed negative reactions towards bitcoin and both countries didnt receive any advantages with bitcoin's existence. US and China didnt even want to legalize and just tax bitcoin.

I believe it'll be USA who'll recognise it, look at the members of Sec board 3 out 5 are bitcoins supporters even their chairman supports it. Also it's pertinent to note that the incoming chief of staff of President Trump supports Bitcoins. It's also interesting to point out that Nasdaq is launching bitcoins futures in January 2019, and all the signs point towards USA legalising it in the near future.

i think china will leglaize bitcoin before US as they are more open to opportunies than US. China easily adopt things as long as it will be of great benefit to their country unlike US that prefers to analyze things critically before adopting

I'm betting on China. I think that their government will create its own internal cryptocurrency, which will be comparable to bitcoin, only within the state.

indeed, today many countries are calling for replacing fiat money into digital money, even in my country digital wallets have begun to emerge that offer simple transactions, but that does not mean that every country that uses digital money will turn to crypto, there are still many the problem is, most countries legalize crypto only for futures investments not as a transaction tool, so I won't bet on any country, because it's very difficult in the near future

That's just the fact,it maybe impossible for us to say which one of the two countries would legalize crypto first since we aren't clairvoyant,but amongst the both countries China seems to be the one with the more cryptocurrency awareness,with talks of a launch of their national coin,and a high number of miners over there
It's only logical to believe China will fully embrace the system first

legalizing does not mean replacing existing payment and financial systems, legalization will not make their local currency disappear, only need a special rule and monitor so that its use can still be limited, that is what their government will do in the future, I think because US is more advanced in technology, of course US will legalize it first

China can be the first country of both to legalize Bitcoin as China has the most control over Bitcoins dominance. If China takes steps for Bitcoin legalization, it will be good for crypto lovers. Let's which country will accept first.

It is tough question to say which country will legalize BTC first. but as far the experts both are the developed countries and looking towards Artificial Intelligence and Digital market. China is already started mining the bitcoin and it is done widely in china but so they might legalize first. US also more focused towards economy and always competitor to china hence it is very unpredictable but both US and china going to legalize bitcoin very soon.

I think China will be creating their own first...and when that happens, well, everything and everyone follows. Just my opinion.

introduction doesn't need to be accompanied by "legalisation" it can also simply be introduced, and the "state officials" are adapting themselves to the new reality.

The both country will neither legalize it any sooner because as for the situation of it, they are not ready to fully accept it. However, if you look at it I think China would be the first to legalize because the US now is so strict in terms of the things like this and US doesn't fully accepts and brace the cryptocurrency for such a reason.

To be honest, i think that china is going to be the first one that is going to fully accept and recognize bitcoin.

But who knows? Trump is having a bunch of problems with the Federal Reserve at the moment and everything can happen in just a few months.

China has a ranking of all cryptocurrencies including butcoin. It is only that in their ranking, Bitcoin is not number 1. How else to recognise a think when you are already given it a hirachy? I have not heard or seen where the US have their ranking. Or is CMC coin marketcap ranking a US official ranking? So I feel China have tecnically legalize bitcoin.

As Chinas politic will control everything and bitcoin they cant control.
So i guess US will do the move first but is it not already legal in USA ? be course many mining farms there ?


regards

China is a control freak they won't be too open about crypto, but I'm sure they will regulate it somehow. EOS and NEO will start to pump along with thekey as China starts to take hold of crypto

China is now developing at a crazy pace. It is increasingly being introduced into the world economy and now it is one of the strongest countries in the world, so I will not be surprised if they will soon fully accept cryptocurrency as a means of payment.

That's one tough question that can be answered in cryptospace. I think if there'll be amy chance for.legalization  may be the USA. China has boldly declared war against cryptos and they even frown upon blockchain technology in a way. Nevertheless, the USA is still trying to find out any better thing they can do to make things better. We hope for a better stands amidst the two anyways.

It is very difficult to say for sure, because these two countries are very strong in terms of the economy in terms of technology. But I think that the USA will be the first to use cryptocurrency and thus develop it on its territory.

I think that America is the first to legalize bitcoin, because this country seems to me more progressive. But China is quite possible, can develop its own cryptocurrency. I recently read the news that the countries of Southeast Asia are ready to create their own cryptocurrency, which will operate on the territory of their countries.

for me i think China will legalize bitcoin first as they are very fast in approving things like cryptocurrency as compared to US who always try to analyze things critically first.

China has seemed to be very anti-Bitcoin/crypto as of recently, whereas the US is very open to crypto, and even talking about how to better tax it, etc. The major big thing in the US that I was last familiar with was the reluctance for a Bitcoin ETF, whereas in China, they were cracking down on "illegal" crypto miners.

According to Wikipedia:
"Bitcoin and similar cryptocurrencies are regulated as both currency and as a security under U.S. law. Within the U.S. many states are also pursuing legislative/regulatory efforts to cover crypto instruments"

So crypto is being recognized on a Federal level and within some of the individual States.

Whereas according to the Library of Congress:
"China does not recognize cryptocurrencies as legal tender and the banking system is not accepting cryptocurrencies or providing relevant services. The government has taken a series of regulatory measures to crack down on activities related to cryptocurrencies for purposes of investor protection and financial risk prevention. Those measures include announcing that initial coin offerings are illegal, restricting the primary business of cryptocurrency trading platforms, and discouraging Bitcoin mining. In the meantime, China’s central bank is reportedly considering issuing its own digital currency."

Communist mainland China desires control over every aspect of life, and they certainly don't want a means of exchange that would be out of their control and that could move money out of the country without their knowing/control (some of this probably also applies to the United States, or at least certain entities within her).

Hope that helps,
The Cyberius team.
 

Well these two countries have very strict rules against cryptocurrencies even though they are trying to find some regulations to it but i believe that the US is quite positive to the legalization of bitcoin and cryptocurrencies than the Chinese government is opened to. But we cannot jump into absolute conclusions since the Chinese can just decide to legalize it one day. Let's be patient and see how the future unfolds.

The competition of bitcoin first legalization between US and CHINA is unknown. But in case the president of the particular country is PRO - crypto, I assume it will be the first country making crypto legalized. Of course seeing more advantages parts of crypto meaning into the country to have much better place.

i think and strongly believe China will legalize bitcoin before US. China is open to technologies and innovations unlike US who try to always want to make critical analysis first. But then we dont know what will happen. soon events will unfold

Uhmm is an interesting debate, because of the democracy that usually has the USA we could think that they would unban it first, but also think that the Chinese care a lot about business and making money, so it is also a matter of time before they see in the crypts as an opportunity to gain more power/control/money.

I think China will go first. They are seriously studying everything that can benefit a lot of their people.

If US officials feel that they lose their relatively high control on cryptocurrencies, they can easily change their minds and be faster than Chinese goverment. Since cryptocurrencies are decentralized, they firstly want to have full control on the crypto-market.

I think none of them legalize cryptocurrencies. Because it can kill the country's economy.
On the other hand, China or America can create an allied cryptocurrency. Of course, this will have little to do with decentralized cryptocurrencies. But I see it possible. And I see the possible introduction of blockchain technology into the country's economy.

i believe China will legalize bitcoin first because china is more open and more flexible to things than US who usually take so much time in analysing things before making decisions

Wouldn't be surprised if it ends up being totally the opposite. The US might be thr rejecting the approach of bitcoin, where as the Chinese goverment would accept it either through strict regulation or through free flow. The Chinese government will always want to stay ahead of everything by any means.

china most definitely will. observing the two countries close, you notice China is more open to things than the US as they easily welcome technology and innoations. Though the may legalize bitcoin, no one knows for certain

I agree with you but only partly, you say that in China there are many miners but as everyone knows China does not support this direction and has already closed a large number of enterprises.

None, because both countries think's that bitcoin will affect the circulation of their currency.

Thats not true .  if we look them closely we can easily tell that china is more strict compare to u.s thats why u.s will first legalize bitcoin  and infact bitcoin is already legal in the u.s because u.s is the first country that discovered crypto ( if im not mistaken )  because satoshi is also from the u.s .China in a nutshell is already restricting cryptos before but i dont know if they are now allowing it today since its been two years after they announce the banning  .

Difficult to say, to be honest. I have already thought about this question, but I have no definite answer. In China, there is a tradition to create something of their own, and not to accept someone else's. They successfully copy the ideas of other countries, but still try to create their own product. This applies to everything. From the Alipay billing system to mobile phones. And for some reason it seems to me that China can do the same with cryptocurrencies. Release your cryptocurrency and legalize it only in China. In the US, it is becoming more democratic, but the bureaucratic apparatus of the old farts may have been considering the issue of legalizing cryptocurrency for years.

At this moment bitcoin in both country aren't totally banned in own understanding US and china want to regulate bitcoin that't reason why bitcoin as currency. Difficult to rell which of two country be the first legalized bitcoin without any regulation or approval feom the central bank of wach nation.

I believe that state of Arizona in US are accepting bitcoin in their judicial payments(correct me if i am wrong)and there is another one that i forgot,what i mean here is america seems to be more open in accepting bitcoin and cryptocurrency than china in which we know that expert in pirating so theres no impossible if they can imitate crypto

Do not consider the current market situation and who is doing what in terms of crypto currencies.  Once the crypto is more popular both china and US will be bound to legalize it. All the current bans and regulations will be removed as there  will be no option left but to accept bitcoin if they want to survive the financial market.

Legalizing Bitcoin is very toughest job because we cannot do anything for the legal prement it can be only approved by the government of each and every country this will be happen at any time but you have to definitely wait for the future.

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Socking but this is just the truth. None of them will legalize bitcoin. They see it as a threat to their economy. No government is willing to give back power to the power unless we are ready to take it back by any means.  I don't see any of the above countries accepting bitcoin any time soon.

Both have the opportunity to become one of the countries that will legalize bitcoin. as we know that the development of technology in both countries is very good so it is very possible that the people in that country will fully support the use of digital currencies in daily financial transactions. with a very large number of people, of course, what happens in the USA and China will affect the development of digital currencies globally. the number of digital financial transactions from these two countries is on a very high scale.

I think that countries will gradually legalize cryptocurrency. Which of the above countries will do it first I don’t know. Most likely this will be the United States, since the form of government that is now in China and those people who are on the board of the country are not interested that citizens of the country have access to free trade in crypto currencies. The fact that the countries in the future will create their own cryptocurrency, I have no doubt.

i think both country will legalize bitcoin in near future but prediction is really tough because there are many challenge this two country will face.in my opinion i can say USA will legalize bitcoin first.

in my opinion the United States has more potential to legalize bitcoin than China, we can see it by comparing every economic decision made by the two countries, the US is always one step ahead of China.

China always goes for their own commodities and so can be the case with cryptocurrencies also. Few months back i heard that china banned the Initial Coin Offerings and some of the major cryptocurrency exchanges. Also china banned some of the huge mining farms. As compared to US, they are really much more ahead in terms of cryptocurrencies. They also have a lot of crypto holders amongst them most of them HODL bitcoins. Also most of the ICO projects are been started by US citizens so i think they can legalize bitcoins before china does.

I think China will but albeit in an indirect kind of way. The US is taking forever to allow US investors to invest in ICOS among other things and they haven't yet approved an ETF either. I know the Americans want the U.S to legalise and regulate Bitcoin and crypto in a much faster way but I believe they have a hidden agenda in taking their time to do so. I think smaller countries like Malta, Switzerland, and Singapore will take the leap of faith forward and other countries as well like Dubai who are already going to even put their Government on the Blockchain. In Dubai you can buy luxury apartments in Bitcoin as well now, among other luxury items for sale there of course.

Bitcoin is legal in China.Trading is illegal that is all
But citizens can own bitcoin and pay if there are merchants what are accepting bitcoin

In a case of USA bitcoin is not recognized like money but if find merchants what accept bitcoin you can pay with bitcoin
We have futures based in USA and US exchanges with big volume so for sure bitcoin is not illegal in USA

Observing the two countries closely, I believe China will legalize bitcoin first before US. Unlike US, China isn't hat strictly when it comes to adopting technologies. US on the other hand will want to make so many analysis first before legalizing it so her citizens won't end up investing or using something they will later regret. So I believe bitcoin will be legalized in China first before US.

What are you talking about? The race is long over.

In china you can't use bitcoin and financial institutions are still banned from working with bitcoin businesses.

In the US you can pay taxes with Bitcoin. Some politicians said they are holding. Starbucks will work with Bakkt to give you easy payments. There are ATMs in many places.
It's not even a race anymore.