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Author Topic: Will Bitcoin will be declare as legal or not ?  (Read 5478 times)
samcrypto
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November 29, 2017, 12:46:16 PM
 #81

To declare bitcoin legitimate, or not, this is an internal matter of each state. Now we can say with confidence that each state will have to consider this issue and most countries will recognize bitcoin as legal tender.

Its happening now, some countries accept bitcoin legally, hey ! We really need this great technology for a brighter future. Bitcoin will lead us to a better nation, make bitcoin legal and enjoy big profits later on.
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November 30, 2017, 09:20:04 AM
 #82

As you know,btc is like the internet of money.  If it is declared illegal within any country then businesses and bitcoin exchanges will have to shut shop in the region only. Being a global phenomenon it cannot be banned throughout the world.
Like the internet, bitcoin as a whole cannot be regulated/censored/made illegal as it is not constrained within the borders of one nation. Businesses based on the idea of bitcoin can be subjected to regulation but the whole network itself cannot be.
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December 07, 2017, 02:20:29 AM
 #83

It will be declared legal and only a small percentage will not accept it or ban it. It applies in anything that you can't force everyone if they don't want to but that decision is the one that they are going to regret because we are now starting to rock every nation with bitcoin.
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December 07, 2017, 02:23:33 AM
 #84

Well here is a really good read on where bitcoin and crypto are going
the gov will always bust balls.
https://www.sec.gov/litigation/investreport/34-81207.pdf
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December 07, 2017, 09:07:46 AM
 #85

As far as I am concern to the growth of Bitcoin, I think it is a YES. I think Bitcoin will be legal and be used by most people who prefers it in a broad way. I am not so sure that it will be legal world-wide but I think most country would legalized it since it gaisn popularity by this time around. If it would be legalized by many it has huge potential thay it will even grow more and a 7 digit value of Bitcoin might be possible  in the coming years to come.

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December 07, 2017, 10:09:19 AM
 #86

As far as I am concern to the growth of Bitcoin, I think it is a YES. I think Bitcoin will be legal and be used by most people who prefers it in a broad way. I am not so sure that it will be legal world-wide but I think most country would legalized it since it gaisn popularity by this time around. If it would be legalized by many it has huge potential thay it will even grow more and a 7 digit value of Bitcoin might be possible  in the coming years to come.
I doubt it. It seems to me that legalization is just a way of governments to gain control over users of bitcoin. First, under the pretext of legalization they will collect information on everyone who uses bitcoin and then to impose a total ban on its use. The government is not interested in taxes. They are interested in manual control of the currency.

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December 07, 2017, 03:24:51 PM
 #87

There are no regulations governing bitcoins in India. It may be recalled that the Reserve Bank of India had in February this year advised that it has not given any licence/ authorisation to any entity/ company to operate such schemes or deal with bitcoins or any virtual currency
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December 07, 2017, 03:40:25 PM
 #88

Bitcoin already declare as legal, because the follow all compliance and requirements of the law; which gives them a juridical personality and authority to operate in the industry.

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December 07, 2017, 04:05:54 PM
 #89

I think Yes, But not in the near future. Maybe when technological advances peak in this world, this will happen, because bitcoin grows along with technological advances. Let's think of, if many supermarkets, restaurants etc. Using bitcoin as a means of payment then the government will definitely consider to legalize bitcoin.

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December 07, 2017, 09:14:56 PM
 #90

I think Yes, But not in the near future. Maybe when technological advances peak in this world, this will happen, because bitcoin grows along with technological advances. Let's think of, if many supermarkets, restaurants etc. Using bitcoin as a means of payment then the government will definitely consider to legalize bitcoin.

The most important factor is if bitcoin is approved by the SEC as legal tender. If so then bitcoin will go to many US stock exchanges and then will be followed by the world government, I'm sure bitcoin will spread faster with just one recognition from Donald Trump. Many developing countries are waiting for this momentum but no one dares to actively speculate unless Japan has fully regulated bitcoin.



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December 09, 2017, 09:48:02 AM
 #91

Based on the reasons above it is very clear that bitcoin is legal.
I will support bitcoin as legal. Bitcoin has a big part in economy and it is beneficial for investors.
Most of the countries banned bitcoin are communist. Because they just want to protect their own currency and ashamed that bitcoin will surpass their  fiat. This might some reasons governments don't allow bitcoin to be regulated.

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December 09, 2017, 10:39:41 AM
 #92

This  issue is just a matter of time. The future of bitcoin's depends on real supporters of bitcoin, all bitcoiners eventually is making the foundation of bitcoin solid, bitcoin will be legalized anywhere in this world that has access in internet if they will be able to recognize, realize and distinguish the real positive benefit of bitcoin. Time will come. It will be legalize we need more time.

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December 15, 2017, 11:20:48 AM
 #93

I think the company of bitcoin has already declared as legal enity which has a authorization from the government to operate and deal with the investor.
Bitcoin complies all requirements needed so they have a certification which recognize them as legal entity.

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December 15, 2017, 01:50:30 PM
 #94

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.

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December 15, 2017, 02:13:42 PM
 #95

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.
I don't understand. The idea of creating bitcoins is to be independent. Why do you need legalization? You want to depend on the government? Through the regulator they make people their slaves. Then why do you need bitcoin? Use Fiat. Lol. It seems to me that we should not agree to any conditions for the regulation of cryptocurrencies by the government.

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December 15, 2017, 02:38:24 PM
 #96

I believe that it is possible to happen in the future, but they need to become centralized first. Because in my sight government have no power to authorize bitcoin to become legal if they this crypto currency are not centralized, however I'm looking forward that someday bitcoin will become legally in my country together with the other nation.
I don't understand. The idea of creating bitcoins is to be independent. Why do you need legalization? You want to depend on the government? Through the regulator they make people their slaves. Then why do you need bitcoin? Use Fiat. Lol. It seems to me that we should not agree to any conditions for the regulation of cryptocurrencies by the government.
Crypto currency is a universal tool for long-term investment. This will lead to changes in the economies of many countries.
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January 03, 2018, 04:38:27 AM
 #97

We all want it to be legal tho. Maybe the government just want bitcoin to be taxed and thats the main reason it will be decided if it will be banned or not. If there are some third parties that can benefit both the government and the people, i think there is no need to illegalize it.
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January 03, 2018, 10:37:33 AM
 #98

Currently, I only know if bitcoin is already widely legalized in some countries, but in some bitcoin states it still has not been legalized, although bitcoin has not been legalized, but the use of bitcoin will not be prohibited. In the future I'm sure bitcoin will be legal in many countries or even all over the world, I want bitcoin to be a transactional tool that can be used offline.

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January 03, 2018, 11:01:09 AM
 #99

In our country try bitcoin and other crypto currency is now under investigation and consider as asset and to protect the right and ownership of the investor, they are now looking for a way to make it legal with a law....
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January 05, 2018, 11:39:01 PM
 #100

Currently, I only know if bitcoin is already widely legalized in some countries, but in some bitcoin states it still has not been legalized, although bitcoin has not been legalized, but the use of bitcoin will not be prohibited. In the future I'm sure bitcoin will be legal in many countries or even all over the world, I want bitcoin to be a transactional tool that can be used offline.
Using bitcoin just being said through offline would really be just a dream.If you mean offline then you are pertaining for it to be used physically which we know its an impossible stuff considering that bitcoin is really just designed to be a digitital currency which means having a physical form would really not happen and thinking off 21 M supply is not really sufficient for it to be considered to have a physical form.Its decentralized feature will entirely be lost.

In our country try bitcoin and other crypto currency is now under investigation and consider as asset and to protect the right and ownership of the investor, they are now looking for a way to make it legal with a law....
You are just mentioning here about ICO or investments which is making some regulation to protect its citizens.

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