How can bitcoin be legalize ?

[Blitzboy]

i am very confused about this question. In my country, people rarely use bitcoin because of the government restriction. Although people are not arrested for using bitcoin, most of them do not want to open a store or a business which accept bitcoin as payment.
So what should i do to develop bitcoin in my country ?

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[kryptqnick]

i am very confused about this question. In my country, people rarely use bitcoin because of the government restriction. Although people are not arrested for using bitcoin, most of them do not want to open a store or a business which accept bitcoin as payment.
So what should i do to develop bitcoin in my country ?

I think this is a process that is needed with any legalization. Firstly, you need to study the laws about btc in your country carefully. Then if not restricted spread the information about it among friends or on some local websites. You have to try asking other people why do they think it's forbidden. Then you have to ask your government why is that so (write a letter to smb). It's good that people don't get arrested for it, at least. Good luck!

[icecube45]

It was very difficult because if you want bitcoin be legally required approval from the government. If the government does not approve bitcoin unacceptable and become legal. It would even be very difficult to grow in my opinion. You should try to bring judgment to the government that they immediately declares illegal bitcoin

[serjent05]

I don't think that you need to ask permission from the government if you want to setup a store and accept bitcoin.  Legalities will be process as usual, the business permit, and other legal documents.  As long as your government does not banned bitcoin, you are free to use it wherever you want.  Just be honest with your tax. And about bitcoin development in your country, you can start it by accepting bitcoin in your store, promote and advertise your store that accept bitcoin as mode of payment.

[ged00u]

I don't think that you need to ask permission from the government if you want to setup a store and accept bitcoin.  Legalities will be process as usual, the business permit, and other legal documents.  As long as your government does not banned bitcoin, you are free to use it wherever you want.  Just be honest with your tax. And about bitcoin development in your country, you can start it by accepting bitcoin in your store, promote and advertise your store that accept bitcoin as mode of payment.

However, it is hard for bitcoin to develop. If there is not any rule of using bitcoin, many people will abuse bitcoin for illegal activities. As you can see, it is not legit to build a Ponzi scheme which steals people's money, but if they accept bitcoin as a currency for this system, no rule can prevent them from robbing other's bitcoin

[crairezx20]

I don't think that you need to ask permission from the government if you want to setup a store and accept bitcoin.  Legalities will be process as usual, the business permit, and other legal documents.  As long as your government does not banned bitcoin, you are free to use it wherever you want.  Just be honest with your tax. And about bitcoin development in your country, you can start it by accepting bitcoin in your store, promote and advertise your store that accept bitcoin as mode of payment.

However, it is hard for bitcoin to develop. If there is not any rule of using bitcoin, many people will abuse bitcoin for illegal activities. As you can see, it is not legit to build a Ponzi scheme which steals people's money, but if they accept bitcoin as a currency for this system, no rule can prevent them from robbing other's bitcoin

What rule do you mean honestly bitcoin has no rule and we have freedom to use bitcoin and ponzi or hyip are not stealing money they are just making a schemes they are just lying to people to invest after that they will gone..
They can do everything in bitcoin since we have a freedom and we don't need to give our identity to verify our wallet.

[NewLiberty]

It probably is not illegal where you are, but there are different forms of "legalization" that may be used to "legitimize" bitcoin.  Two of the more important of these are "Legal Tender" and "Lawful Money".  Legalizing in this sense just means that you apply a pre-existing body of law to it.  It is already legalized in many ways everywhere.  If you break a law using bitcoin it is probably going to bring just as much trouble as if you used some other thing to trade, so it is legalized in that sense already everywhere.


The OP does not specify their country.  Each one presents different challenges, however as soon as the first nation state with an international exchange recognizes Bitcoin as a "legal tender" then all other countries that do exchange with this country also defacto recognize it as lawful.

Legal Tender law is a horrible thing and has resulted in tragic tyranny through out its history.  Under the banner of 'standardization' it has primarily been used to force a constituent population to accept something valueless as if it had value.
In the USA there have been great legal battles as to whether a paper currency that was not backed by specie (precious metal) could be deemed legal tender.  The battle was lost most everywhere and LT law constitutes an unlawful taking from the people by their government, degrades that government away from solid metrics of value for their economy and thereby sows the seeds for financial ruin deep into the national soils.

Bitcoin may be the answer to this for any nation member of the world bank that deems it to be a Legal Tender in their jurisdiction, no matter how small it be.  The first nation to do this will win the jurisprudential lottery forevermore, and the last one to do so will lose.

Legal Tender law is a horrible piece of government, but the best governments are those that also govern the government, itself and force it to do good for its people.  By this mechanism of making Bitcoin a Legal Tender, the Legasy of Legal Tender law may redeem itself by bringing solid metrics back to government standards everywhere.

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Another designation is "Lawful Money".  Jurisdictions that have this designation use it to categorize monetary forms that "may be accepted lawfully".
Legal Tender designates monetary forms that the government REQUIRES its citizens to accept for settlement of a debt.

One is allowed (but may be refused), the other is allowed and may not be refused (but in most jurisdictions you may also accept any other currency by contract, such as bitcoin).

[olubams]

When it comes to the issue of legalizing Bitcoin, from where I come from its duely not in the hands of individuals but elected representatives from where I come from but the constitution gave room for individuals to actually send a Bill for it to be discussed then it will follow the normal procedure of law making before becoming law but in this country and some other countries, I dont see that happening soon because even those who will evaluate and discuss the issue in the route to become law have zero knowledge on the subject matter...

[European Central Bank]

this is meaningless unless you tell us what country you're in. what some people regard as a declaration of illegality is usually one guy's interpretation that has nothing to do with the actual facts in an attempt to scare people out of looking into it.

[knyolku123]

I think bitcoin only a digital currency, so I think bitcoin I legalize. in my opinion countries which said bitcoin is illegal because some people use bitcoin to illegal activity, so bitcoin is illegal in their countries. But if we use bitcoin in a positive activity I think bitcoin is legalized in the world.

[iamTom123]

It is noted that most of the countries that restrict the use and spread of Bitcoin are usually governed by politicians who are afraid of the future and the loss of their power. It is can be unfortunate because Bitcoin hold the promise of the future.

[sportis]

i am very confused about this question. In my country, people rarely use bitcoin because of the government restriction. Although people are not arrested for using bitcoin, most of them do not want to open a store or a business which accept bitcoin as payment.
So what should i do to develop bitcoin in my country ?

     It is very difficult to spread the use of bitcoin from the moment where the attitude of your country is hostile. But certainly it will not be forever. See however and the positive side. If you travel abroad will have not to do fiat money exchange. Also, if it is allowed from your country legislation you can buy things from other countries where usage of bitcoin is permitted

[RajaJudi]

Try to convince people to use bitcoin in business as well as online. More and more people using Bitcoin will make a pressure on the government. They must know how to reconcile the society in order to maintain their economy. If you guys can make a protest, it will make a substantial effect in the way the government treating bitcoin

[d@nte]

I think there are just a few countries that prohibit its use. Even so, it would not make much difference, given the fact that Bitcoin is designed in a way that the user does not have to depend on central authorities to control his own money. It would probably be a problem for physical stores accepting Bitcoins though.

[mindrust]

i am very confused about this question. In my country, people rarely use bitcoin because of the government restriction. Although people are not arrested for using bitcoin, most of them do not want to open a store or a business which accept bitcoin as payment.
So what should i do to develop bitcoin in my country ?

Nothing.

As soon as you open a public service in your country; you will be in trouble.

Do what you do in secret. Better yet, move the fuck out of your country.

[crairezx20]

I think there are just a few countries that prohibit its use. Even so, it would not make much difference, given the fact that Bitcoin is designed in a way that the user does not have to depend on central authorities to control his own money. It would probably be a problem for physical stores accepting Bitcoins though.

Yeah there is some countries that bitcoin is legal.. like in brazil they have 150 stores that acccepting bitcoin as payment locally.. and i think more countries are also accepting locally bitcoin as payment.. and hoping here in my country i hope even 1 store are accepting bitcoin as payment but many branches..  so that we can use bitcoin locally.. and legal..

[ged00u]

Try to convince people to use bitcoin in business as well as online. More and more people using Bitcoin will make a pressure on the government. They must know how to reconcile the society in order to maintain their economy. If you guys can make a protest, it will make a substantial effect in the way the government treating bitcoin

Don't you know that in some country, you can go to jail if you hold a protest? Kindly in Vietnam, discrimination can be considered as a crime and you can be easily arrested if you try to against the Government. I only agree to the idea of persuading business to use bitcoin online. Do not try to fight the Government, you will be punished

[socks435]

Try to convince people to use bitcoin in business as well as online. More and more people using Bitcoin will make a pressure on the government. They must know how to reconcile the society in order to maintain their economy. If you guys can make a protest, it will make a substantial effect in the way the government treating bitcoin

Don't you know that in some country, you can go to jail if you hold a protest? Kindly in Vietnam, discrimination can be considered as a crime and you can be easily arrested if you try to against the Government. I only agree to the idea of persuading business to use bitcoin online. Do not try to fight the Government, you will be punished

Bitcoin can be legalize but fighting in government can be danger.. it is better to start more adoption, and yeah start a business that accepting bitcoin as your mode of payment with rebates just like other stores are giving rebate just to use bitcoin as their mode of payment.
Until motivate them what the good benefits of bitcoin..

[noictib]

i am very confused about this question. In my country, people rarely use bitcoin because of the government restriction. Although people are not arrested for using bitcoin, most of them do not want to open a store or a business which accept bitcoin as payment.
So what should i do to develop bitcoin in my country ?

Legalisation of bitcoin is not a tough work but not a very simple .
i think some rules should be made by the bitcoin center .
 people should use Bitcoin in limited amount per week and every user should use only part no. if btc adresses .

[Slark]

i am very confused about this question. In my country, people rarely use bitcoin because of the government restriction. Although people are not arrested for using bitcoin, most of them do not want to open a store or a business which accept bitcoin as payment.
So what should i do to develop bitcoin in my country ?

Legalisation of bitcoin is not a tough work but not a very simple .
i think some rules should be made by the bitcoin center .
 people should use Bitcoin in limited amount per week and every user should use only part no. if btc adresses .

And you call it an example of good regulation? Seriously limiting usage of bitcoin and imposing hard limit on how many BTC you can buy/sell is the worst idea of 'legalization'.
Bitcoin was created to provide monetary freedom, not to be another tool for oppression and limits. We should never have anything like that.