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Author Topic: Finally Bitcoin is legal in my country 8)  (Read 5165 times)
noictib
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June 20, 2017, 03:47:42 AM
 #1

A latest news about 15 minutes ago I found at the social media with a video at TV direct mobile recorded ( CNBC news )
Thier was clearly mentioned that Bitcoin will be legalized , currently the Bitcoin unregulated and this will take about 6
Months to regulate with the new rules against the Bitcoin to control and stop the missuse in illegal activities .
So why not we should have positive thinking about the Bitcoin that have have good future and support by the many countries .
Share your thoughts about the status of the Bitcoin in your country .
Cheers .

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June 20, 2017, 04:56:58 AM
 #2

Probably in the country where i live, bitcoin is not accepted by the government.but there is no prohibition on the use of bitcoin and there are no binding rules for bitcoin at this time.
The absolute right is controlled by each individual bitcoin user.

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June 20, 2017, 05:08:57 AM
 #3

A latest news about 15 minutes ago I found at the social media with a video at TV direct mobile recorded ( CNBC news )
Thier was clearly mentioned that Bitcoin will be legalized , currently the Bitcoin unregulated and this will take about 6
Months to regulate with the new rules against the Bitcoin to control and stop the missuse in illegal activities .
So why not we should have positive thinking about the Bitcoin that have have good future and support by the many countries .
Share your thoughts about the status of the Bitcoin in your country .
Cheers .

What you have failed to do is to mention the country so it can be verified. The legality of bitcoin is something that will come sooner or later but what matters is what are the underlying effects that will come with that legalization as it relates to the freedom bitcoin is promising everyone. That is a question I would want answers to because government all over the world will not do anything without their own interest being protected.

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June 21, 2017, 02:31:37 PM
 #4

A latest news about 15 minutes ago I found at the social media with a video at TV direct mobile recorded ( CNBC news )
Thier was clearly mentioned that Bitcoin will be legalized , currently the Bitcoin unregulated and this will take about 6
Months to regulate with the new rules against the Bitcoin to control and stop the missuse in illegal activities .
So why not we should have positive thinking about the Bitcoin that have have good future and support by the many countries .
Share your thoughts about the status of the Bitcoin in your country .
Cheers .

They mostly don't have an interest regarding bitcoins, they only and always want publicity and does not care about things that might help the country.
There is no regulation regarding bitcoins though, we can even withdraw it at any banks that a certain wallet features, so basically it is better for us if they do not take any actions for bitcoin as they are tax free from them and does not yet considered ny them as a income or salary.

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June 21, 2017, 02:40:16 PM
 #5

A latest news about 15 minutes ago I found at the social media with a video at TV direct mobile recorded ( CNBC news )
Thier was clearly mentioned that Bitcoin will be legalized , currently the Bitcoin unregulated and this will take about 6
Months to regulate with the new rules against the Bitcoin to control and stop the missuse in illegal activities .
So why not we should have positive thinking about the Bitcoin that have have good future and support by the many countries .
Share your thoughts about the status of the Bitcoin in your country .
Cheers .

I'd say that in my country it is like semmi-legal as there are no strict rules about the cryptocurrencies in general. Bitcoin and altcoins are not banned but on the other way they are not allowed. It is nice to see that big countries are talking about bitcoin (specially Japan and now we see Australia might  legalized it) which gives other countries hope that it will be legalized there. When these big countries allow bitcoin, smaller ones will look at them and think should we make it legal now? Slowly but steadily thats whats happening here in my opinion which is great news not just for Bitcoin but for other cryptocurrencies as well.

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June 21, 2017, 03:15:20 PM
 #6

A latest news about 15 minutes ago I found at the social media with a video at TV direct mobile recorded ( CNBC news )
Thier was clearly mentioned that Bitcoin will be legalized , currently the Bitcoin unregulated and this will take about 6
Months to regulate with the new rules against the Bitcoin to control and stop the missuse in illegal activities .
So why not we should have positive thinking about the Bitcoin that have have good future and support by the many countries .
Share your thoughts about the status of the Bitcoin in your country .
Cheers .

I'd say that in my country it is like semmi-legal as there are no strict rules about the cryptocurrencies in general. Bitcoin and altcoins are not banned but on the other way they are not allowed. It is nice to see that big countries are talking about bitcoin (specially Japan and now we see Australia might  legalized it) which gives other countries hope that it will be legalized there. When these big countries allow bitcoin, smaller ones will look at them and think should we make it legal now? Slowly but steadily thats whats happening here in my opinion which is great news not just for Bitcoin but for other cryptocurrencies as well.

It really is a good publicity especially with Japan and Australia which will make other countries to reconsider and to follow with the trend since these countries who are offcially legalizing and accepting Bitcoin are big deal with strong economic prowess.

Meanwhile in our country, it is not supported by the government really but they have released a regulation regarding it focusing on those local exchanges. Bitcoin users are also increasing here and we have this leading local wallet which has a lot of features including payment for electric, water, internet and even school bills from certain colleges and also you can cash out to a lot of remittance centers and convenience stores and cash in with kiosk machines. Also when you transfer bitcoins with the same wallet, there is no fees and you can use it to purchase some exciting things.

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June 21, 2017, 07:29:17 PM
 #7

bitcoin will accepted day by day. just few days ago bitcoin legal in india. its big news for sarc country from there every country will accepted from sarc country.

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June 22, 2017, 08:34:17 AM
 #8

I am glad to hear that Bitcoin is now considered as a legal tender or as an asset in your country. I am not familiar with your country or what specific law or order was issued but maybe your country is doing it because they feel that they need to have a share of the transaction tax and at the same time not be left behind by the blockchain revolution that can hopefully help your country becoming a seedbed for new blockchain-focused start-up (usually fintech) companies.

Right here in my country, there is still no particular legislation laid down for Bitcoin or cryptocurrency but our financial regulators are recognizing Bitcoin exchanger to be money changer which has been the basis for the Bitcoin service providers the license to do business. And this is quite fine with us. Bitcoin then became just like any other foreign currencies entering the country.
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June 22, 2017, 08:36:40 AM
 #9

In my country you can do nearly everything with bitcoin.

The government where I lives declares bitcoin as a commodity which should be handled as a currency but is no currency  Cheesy Cheesy pretty stupid decleration from my point of view, but this means I can do everything with my BTC, except paying taxes, as long as I pay my taxes if I make profit in fiat currency (if I mine and get 10000€, I will have to pay taxes from the 10000€, but if I make 10BTC, I will just hav my 10BTC an I am not required to pay taxes on that)

I think this is currently the best thing that can be  Grin I am now mining some coins and when someday in the futute my gov sas hey you have to pay taxes on that, fine I can stop mining or if it is still profitable why not carry on ? But on the same day as my gov will ask me to pay taxes on my earned BTC, there will be some shops which accept my BTC and I can spend it  Smiley

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August 18, 2017, 11:57:22 PM
 #10

A latest news about 15 minutes ago I found at the social media with a video at TV direct mobile recorded ( CNBC news )
Thier was clearly mentioned that Bitcoin will be legalized , currently the Bitcoin unregulated and this will take about 6
Months to regulate with the new rules against the Bitcoin to control and stop the missuse in illegal activities .
So why not we should have positive thinking about the Bitcoin that have have good future and support by the many countries .
Share your thoughts about the status of the Bitcoin in your country .
Cheers .
Congratulations! There are still countries where Bitcoin is not legal as a currency. It will be impossible if they don't know nothing about Bitcoin. Maybe, they are still observing how will Bitcoin affect the countries wherein, it is legal. Maybe they are still studying how Bitcoin will positively affect a country, as a whole. The time will come that Bitcoin will be legal to most countries, as what people are demanding.

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August 19, 2017, 01:17:53 AM
 #11

I am glad that various countries are coming forward and accepting Bitcoin as a legal tender. But along with that their rules and regulations are somehow killing the anonymity of Bitcoin because they will be regulating exchanges and hence the data of Bitcoin holders. But still when a country legalises something there is always an increase in demand because nation starts to trust that. The recent hike in price is all because of that.
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August 19, 2017, 09:30:55 AM
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it is a good news for us to know bitcoin is legal in your country so you and the other people can use bitcoin for free and without worried. i am sure that the other country will follow your country and that country will accepting bitcoin too. in the future, there will be many more country will know that bitcoin is a new technology that will give many benefits to that country.

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August 19, 2017, 01:51:50 PM
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Sounds great! I'm just curious though, what kind of regulations will your government make for Bitcoin? How will they avoid and alleviate the illegal activities? I hope they don't make restrictions that would hinder or deprive the Bitcoin users and owners in your country. In my country, Bitcoin is not technically accepted but rather it was recognized by the central bank. The government has also given warnings to the bitcoin users to be cautious of its use and other illegal activity, and to be wary of possible scams. Payment systems in the form of bitcoin is limited in my country.
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August 19, 2017, 06:04:37 PM
 #14

Anybody knows in which country's is legal? 

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Yuhee
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August 23, 2017, 12:28:09 PM
 #15

Sounds great! I'm just curious though, what kind of regulations will your government make for Bitcoin? How will they avoid and alleviate the illegal activities? I hope they don't make restrictions that would hinder or deprive the Bitcoin users and owners in your country. In my country, Bitcoin is not technically accepted but rather it was recognized by the central bank. The government has also given warnings to the bitcoin users to be cautious of its use and other illegal activity, and to be wary of possible scams. Payment systems in the form of bitcoin is limited in my country.

I guess this would mean btc will soon be the next big topic on any world forums that would happen in time. Because from what i see, if btc will just be there on the loss then there will be chances that it can find some anti government groups. If the nation's knows this btc scheme on how it works, chances are not only government will take advantage to it.
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August 24, 2017, 01:02:54 AM
 #16

If that the case, you seem to be contented about news on legalizing bitcoin in your country so I guess it's good. If I or my own country will implement it too, I will be happily abiding it and that is a promised. But let them sure and let them show some sincerity that they will do it for regulation and not for corruption purposes.
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August 24, 2017, 05:59:54 AM
 #17

Lucky you Cheesy. I have to wait about 5 or 6 years more to see Bitcoin accepted in my country. I saw the News yesterday and the Gorvenment said that they will accept Bitcoin and control Bitcoin in my country but not right now Smiley) Maybe in 2020 Smiley)
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August 24, 2017, 07:19:14 AM
 #18

I'm happy bitcoin will be legal in your country, bitcoin in my country still does not get more attention from the government even though it's been a lot of event and marketing about bitcoin. I'm not sure bitcoin will become legal in my country.

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August 24, 2017, 12:13:23 PM
 #19

I am really glad for you that the country where I live has forbidden Bitcoin and then it is back to normal but it is very likely to be banned again and there is debate about tax evasion.



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Rainbot
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August 25, 2017, 01:03:48 AM
 #20

I'm not quite a news addict but based on what I observed, bitcoin here in my country is legal. And were both lucky for that. And I think here in my country, it was never been said illegal unlike in some of the country that banned bitcoin, debating on taxation etc., I guess our government see the value of bitcoin.
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