Bitcoin in legal sense

[btcdiggingmaster]

A year ago there was a news floating around that new micro nation called Liberland emerged in Europe. Apparently founder of Liberland is a libertarian and accepted Bitcoin as national currency.
I am not sure how legality of such small nation can be confirmed by international law, but this is the only case I know of bitcoin being accepted as legal tender.

News: https://www.cryptocoinsnews.com/welcome-liberland-bitcoin-national-currency/

I have never heard of this country before. Thank you for sharing. He took a libertarian step in the name of the country.
As all the bitcoin lovers we can go to Liberland and live

There are many countries like liberland but these countries are not published like liberland, many countries are still treating bitcoin as one commodity. So people are still in confusion with the high price we need educate them what are benefits they are going to get by using it.

[coin revolution]

A year ago there was a news floating around that new micro nation called Liberland emerged in Europe. Apparently founder of Liberland is a libertarian and accepted Bitcoin as national currency.
I am not sure how legality of such small nation can be confirmed by international law, but this is the only case I know of bitcoin being accepted as legal tender.

News: https://www.cryptocoinsnews.com/welcome-liberland-bitcoin-national-currency/

I have never heard of this country before. Thank you for sharing. He took a libertarian step in the name of the country.
As all the bitcoin lovers we can go to Liberland and live

There are many countries like liberland but these countries are not published like liberland, many countries are still treating bitcoin as one commodity. So people are still in confusion with the high price we need educate them what are benefits they are going to get by using it.

What other countries are like Liberland? Liberland is a newly established country.
Do countries like Liberland have bitcoins as their official currency?

[Tyrantt]

Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

as much as I've heard so far, Australia is the only country that recognizes bitcoin as a currency so far, tho I might be wrong.

So far I'm still waiting to see what are my countrys, Serbia, views on bitcoin. No one has said anything about it here.

[Gloiri]

Well no there's no country in the world who accept bitcoin real Currency. but we can't say. it can never happen since bitcoin is raising in our community so maybe in future most country accept bitcoin 

[mkmdoc]

There are many chances government will accept bitcoin but with lot of limitation and regulations should be changed before accepting it. Because bitcoin is global currency they not consider lot of evaluation about accepting it and not accepting it. Bu these things will take lot of time to get the right decision from the government.

[rvrl_23]

Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

No coutry, not that I know off accepts bitcoin as real currency, although it has a regulations, The Central Bank of the Philippines (BSP) release a circular
it says that the (BSP) will not endorse bitcoin as currency, although considering the benifits of bitcoins they will allow it

[zulkarnaen]

there are many chances that government will accept bitcoin but if government is willing to follow rules which currently apply in bitcoin, such as taxes, for example, during Bitcoin is not ordered to pay tax on their income, if government took over management of bitcoin so will be many new regulations on bitcoin

[erdinger45]

I am living in Turkey, Istanbul. In my country, there have not legal regulation related bitcoin yet. Bitcoin is like a baby for my country. The legislator has not a lot of knowledge about bitcoin. And the people have not knowledge enough about bitcoin. I think, it will be done over time..

[Ccexicocartel]

Every country is different. It seems like some companies in countries that have it legal won't work with you on that basis. got this experience from quickbooks recently

[Proton2233]

I am living in Turkey, Istanbul. In my country, there have not legal regulation related bitcoin yet. Bitcoin is like a baby for my country. The legislator has not a lot of knowledge about bitcoin. And the people have not knowledge enough about bitcoin. I think, it will be done over time..

So be happy with it. Until the state reaches into bitcoin we can feel freedom. As soon as the government will be able to regulate bitcoin it can become unusable. For this reason, I do not share the views of those who want to legalize cryptocurrency. I like bitcoin as it is and I don't want to change anything.

[sukamasoto]

I am living in Turkey, Istanbul. In my country, there have not legal regulation related bitcoin yet. Bitcoin is like a baby for my country. The legislator has not a lot of knowledge about bitcoin. And the people have not knowledge enough about bitcoin. I think, it will be done over time..

It's lucky for you because my government still not legalized bitcoin yet mostly because bitcoin can be use for corruptor or other money laundry activity.

Meanwhile other country start to use bitcoin as daily transaction such as Japan and it's proven that using bitcoin will make a transaction more easy than using fiat

[bubblebit]

Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

It’s almost a year that OP have asked this questions and all of the sudden come to alive. I can’t stop myself from replying for the things that have happened to bitcoin since then. Bitcoin is now more than ever near to mainstream status, the legality of bitcoin is starting to make one by one on each country, it’s uses and adaptation to our society is getting bigger and the numbers/popularity of it is now widespread.

This is bitcoin now, it might be regulated for some state but I think bitcoin is in the best position now. And I know what coming years it will be much better.

[BillCoin]

Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

For tax purposes, bitcoin will be classified by different countries in different ways.
The US government considers it as property.
You can start looking at the wikipedia article here and then investigate further.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Very useful link.

Just to add up, Japan is the only country that recognizes bitcoin as a sort of payment method and not as a digital asset, some people confuses and say that Japan accepts bitcoin, it is not true, the government sees it as a legal currency but not as a legal tender, they allow shops and stores to accept it and pay the regular taxes, but they do not force them to( as they do to a legal tender currency).

[donaltrump8]

Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

My small knowledge ,   some countries accept bitcoin as a real currency and others have not yet accepted bitcoin. If bitcoin is accepted, states will have bitcoin regulations

[lili song]

Only Japan and South Korea legal bitcoin. For my country, my government not yet legalized bitcoin.
I hope someday my government will legalized bitcoin. Because bitcoin can help country in economic side.

[blockman]

Only Japan and South Korea legal bitcoin. For my country, my government not yet legalized bitcoin.
I hope someday my government will legalized bitcoin. Because bitcoin can help country in economic side.

Not only Japan and South Korea if you have missed Malaysia and Australia if I'm not mistaken bitcoin there is already legal and is being supported by the government. By the way, if you don't mind in what country do you live? Also in Philippines bitcoin is also legal as someone posted it here on forum about this news http://www.philstar.com/business/2017/08/19/1730418/bsp-approves-registration-2-bitcoin-exchange-operators
And cheer up that your government will legalized bitcoin, very soon.

[Pasabm]

which I know no country receives bitcoin as a real currency, so far no bitcoin in the form of real money. there are some countries that allow bitcoin as a legitimate means of payment like Japan for example, this comes after the new law in Japan that categorizes Bitcoin as a legitimate payment option in the country. This law comes into force on April 2017

[muffinsboat]

Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

Some try to disallow bitcoin,  but none seem to use it as currency officially that I know of.  I wish there was more acceptance.

[matuson]

Only Japan and South Korea legal bitcoin. For my country, my government not yet legalized bitcoin.
I hope someday my government will legalized bitcoin. Because bitcoin can help country in economic side.

Not only Japan and South Korea if you have missed Malaysia and Australia if I'm not mistaken bitcoin there is already legal and is being supported by the government. By the way, if you don't mind in what country do you live? Also in Philippines bitcoin is also legal as someone posted it here on forum about this news http://www.philstar.com/business/2017/08/19/1730418/bsp-approves-registration-2-bitcoin-exchange-operators
And cheer up that your government will legalized bitcoin, very soon.

I think you do not fully understand the problem. This article is a question of legality of existence in the Philippines of electronic exchanges for cryptocurrency trading. It is quite another. You can't use bitcoin to purchase goods. If you have received income on the exchange then you will have to transfer it into Fiat. This means that you will be required to pay the tax. The currency of bitcoin is not recognized.

[Miles123]

It's nice that Bitcoin will be legal because no one stop you of using here. You have a freedom to sell or buy Bitcoin. You can also invest and earn money here with no doubt because you can report who steal your money. Bitcoin can help the economy of a country if governments declare this site as a legal.