Will Bitcoin will be declare as legal or not ?

[Soots]

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users

Absolutey mate maybe in the next few years coming bitcoin will be legal since it is getting popular and there are many users now.. In bitcoin you can use for paying your bills also you can make it as for savings or to make your profit grew more.

You're definitely correct mate. As time goes by bitcoin become popular here in the cyberworld. Nowadays, here in my country bitcoin is really demand even though doesn't yet declares a legal or not but in somehow it is supported in some countries. Hopefully bitcoin will be declare as a legal since many users want to experience a great way of payments.

[jonland22]

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users

Absolutey mate maybe in the next few years coming bitcoin will be legal since it is getting popular and there are many users now.. In bitcoin you can use for paying your bills also you can make it as for savings or to make your profit grew more.

You're definitely correct mate. As time goes by bitcoin become popular here in the cyberworld. Nowadays, here in my country bitcoin is really demand even though doesn't yet declares a legal or not but in somehow it is supported in some countries. Hopefully bitcoin will be declare as a legal since many users want to experience a great way of payments.

even though bitcoin is popular, governments across the globe has different opinions on it that is why there is no single law all over the world on it but as far as token sale is concern i think the most common idea on it is to strengthen the security against it to avoid further scam incidents regarding ICO of different companies or group of individuals conducting such activities.

[Pattart]

Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users

Absolutey mate maybe in the next few years coming bitcoin will be legal since it is getting popular and there are many users now.. In bitcoin you can use for paying your bills also you can make it as for savings or to make your profit grew more.

You're definitely correct mate. As time goes by bitcoin become popular here in the cyberworld. Nowadays, here in my country bitcoin is really demand even though doesn't yet declares a legal or not but in somehow it is supported in some countries. Hopefully bitcoin will be declare as a legal since many users want to experience a great way of payments.

Yeah I think the government is already aware of it. that cryptocurrency will be increasingly popular due to its innovations and unique properties and the government will not be able to stem the development of crypto. they know it. one way out is to provide regulation on bitcoin and tax to the user. so that both are equally profitable? it will happen in the future #ihope

[Lehbane]

There are things around the world that is not legal but accepted on the society or on a specific area, there are illegal things going around or happening around like selling organs if removing the organs from someone's body against his will is illegal but donating with or without pay your organs in hospitals is legal which will you categorize selling organs in Black market? Bitcoin may not declared as legal thing on the future but as long as the government and the people accept it existence then it is all matter to me.

[Magic Sarap]

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax  from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.

Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies  , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .


Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin  at www.mygov.in   resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

It will be soon. Just wait on convincing the government should legalize this. Also, soon they found out that theres no illegal things happening here.

[baundul]

Bitcoin restrictions have become very low. Many countries and companies have made it legal. Bitcoin is now being bought/traded. In the coming years, the use of bitcoin will increase in online transactions. India is moving forward in information technology. The Indian Token is now seen in the market. In future, India can make Bitcoin legal.

[labhsikh123]

In the few years, it will be declared as legal.

[DeadCoin]

Actually there is a serious discussion is going about this topic. Some countries already announced bitcoin as legal in their country. And they opened the local exchages for transactions. At the same time some countries banned the bitcoin. But in future surely all countries accept bitcoin as legal. But it take some time to make it as legal. If one countries economic growth is increasing means automatically other countries also accept bitcoin.

[Sandeep24]

Bitcoin is legal in India if you are paying tax as per government law on capital gain and same method is also adopting various countries in world.

[Greenkarki]

It will be declare as legal but not immediately it will take long time. Some countries already accepted bitcoin as legal. In the upcoming yeara it will be declare as legal due its tremendous growth. If it is accepted the countrries economic will be very healthy.

[bstewart]

In my opinion, caring about the government - or banks - "approving" of crypto is antithetical to the purpose of crypto itself. Crypto can and will exist without these institutions so why are we giving them so much leverage?

[spikerrr]

It can be in the few years if the Indian government will push truly the desire to legalize bitcoin. It will be more effective if the bitcoiners people will support the objectives. I hope no harm will happen during that time.

[cryptorocket84]

It all depend on the Country,Government, the Economy and the people from that Country or people living in that particular Country but for me I think it will be declared legal, but it's a matter of time as Bitcoin users increase by the day and people now use it on transactions on daily basis it will help Bitcoin to be legal.

[senin]

I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future

Within two years, states should determine the status of the crypto currency, classify it, including recognizing bitcoin and other crypto currency as a means of payment, or not. There will always be a variety of options. There will be various options for recognizing bitcoin, where he will have both a legal and semi-legal status, where he will be recognized as an asset, where property is where the means of payment are. That is, after these two years, it will take a long time for states to come to some common opinion on this issue.

[thecoder2017]

It depends on the government of a country because now there are already adopting bitcoin as their form of payments of bills and also buying items on some stores.

[Anees1122]

It can be legal in future almost.
Very few countries have gone as far as to declare bitcoin illegal.
However, just because something isn't legal tender, does not mean that it cannot be used for payment - it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.

[El Il-mythos]

At the moment it is difficult to answer this question because, although bitcoin is the first crypto, the most popular and the reason reason why many are really want to have it which is the very common situation to all investors.
Although bitcoin is successful, its rapidly changing price which is the reason why some governments around the world are opposed to it.

[zahed]

Declared BTC illegal in the some specific countries i know.Majority of the countries it's legal and very few countries are neutral condition.
BTC illegal declaration is very wrong decision by government he don't know it's how much positive effect in country.

[auliasilvana]

I think someday Bitcoin will be declared valid by all countries in the world. Although now many countries forbid it there are still many countries that accept Bitcoin. So do not rule out if Bitcoin can be declared valid by all countries.

[budz0425]

I think someday Bitcoin will be declared valid by all countries in the world. Although now many countries forbid it there are still many countries that accept Bitcoin. So do not rule out if Bitcoin can be declared valid by all countries.

It will declare soon, don't worry about it since a lot of group of people are doing their best for the bitcoin to be recognized all over the world, so , what we should just do right now is to wait for the right time as it will eventually happen in the future.