What country do you think will recognize Bitcoin as an official currency?

[rebel92]

Bitcoin and cryptocurrencies are very volatile right now, The elites that control the global banking system and governments will never let crypto become a thing unless they have total control over., they might get banned in some countries, but I think they will never go away, So recognize Bitcoin or any cryptocurrency Must accept the Philosophy of the new technology of blockchain. I blieve a lot of democratic countries need to take the opportunity first.

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[Gozie51]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

Bitcoin is indeed a real currency.  There are countries who are moving in positive direction of recognizing bitcoin as currency. For that matter Japan has already recognized bitcoin as currency. [1]
Russia is also trying to get hold of bitcoin. One big problem with the bitcoin as currency acceptance is bitcoins nature of decentralized. This lack of control is something bothering govts to act against bitcoin or trade water safely.

[1] http://www.newsbtc.com/2017/04/02/japan-officially-recognises-bitcoin-currency-starting-april-2017/

You are quite on the right track. You raised two salient points which are different in there own zones but attending to the core issue. One is that which points op to the fact that countries are already being positive about bitcoin, Japan being in the pack. The other point is that which points to the fear of governments as to the decentralized and uncontrollable nature of bitcoin. To this fact, I think governments would speedily adopt bitcoin if they are able to implore means to check or control it.

[Zadicar]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

There are categories on what kind of currency you are pertaining to but as far as i understand you are mentioning here about bitcoin being legalized and making it as the main currency of a certain country.I would say there no country would do such thing.They might able to adopt it but replacing their own local fiat currency would really be an impossible thing to happen.

[mrcash02]

When Bitcoin adoption increases and when many people start lefting fiat to deal only with BTCs the governments will try to regulate Bitcoin somehow. The question is how each government will do this. It will depend the characteristics of these governments, if they are more liberal the impacts won't be so hard, but if they are regulatory, controllers it will be worse for Bitcoin enthusiasts.

[crairezx20]

Bitcoin will never be currency its a virtual currency that we are using online. Bitcoin is just made for online payments..
And i think we will not see any country will use bitcoin as official currency but there are some country that bitcoin is legal..
Like japan, paris and  brazil this is what i collected as of now that accepting bitcoin locally as legal..

Also here i think in my country nearly that bitcoin will be use locally since there are people here are using bitcoin to buy or sell product online that only can be sell here in philippines and they use bitcoin as payment gateway. .

[boyptc]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

Trying to say as official currency? No. This is not going to happen anyway, they will only treat bitcoin as a payment method but never as an official currency. Are you not still satisfied for those countries that are recognizing bitcoin and they are helping the economy of bitcoin to grow? Try to clear it bitcoin has been recognized by different countries as a currency but if official currency or becoming their main currency, no.

[agentx44]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

There are some countries who already declared bitcoin as a official currency like japan, maybe in Asia's country could be the next that can be recognize bitcoin as an official currency. I hope that here in my country and that is Philippines, bitcoin can be accepted by our government to be bitcoin as a legal currency.

[AleSergio]

Some countries already recognized bitcoin as a currency for example Japan. Also Australia has introduced some blockchain lessons in their schools. Russia is upcoming giant, they are already discussing a way to involve blockchain technology in their financial system. I guess if Russia will finaly do this, a lot of countries will follow and recognize bitcoin as well

[coynedterm]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

I think here you have some misunderstanding Because here already bitcoin has officially accepted coin in the Japan like big countries .
And also you can check in the Google that bitcoin is already long year ago got approval to use for the public offically .
Now today you can see that how the another countries followed them and accepted bitcoin as a powerful currency and considers that bitcoin will help the economic conditions of the country .
And also many countries who have not still yet declared bitcoin as offically coin to use for the people are looking to legalise it officially because now they understand well that what the bitcoin is now and what will be future .
So here you should be positive if you haven't  yet still innthat country where bitcoin is legalise Because here i am also in country in such country ( India ) where bitcoin is not legal but still government is taking tax to use bitcoin and other cryptocurrency uses .

[susila_bai]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

I think your title of the thread and the comment both are not matching as in title you are asking which country to recognize bitcoin as an official currency,then the answer is till now their is not any country which is going to announce as an official currency ya but they can declare bitcoin as digital currency to be used as fiat currency but with some restrictions.

[govorator]

Most probably, smaller countries such as Gibraltar, Switzerland, Estonia are more flexible and can adopt crypto sooner into their economy. As for the other countries, size might be an issue.

[_Dawid_]

Lithuanian basketball sponsorship by NEM(XEM) check this out, very popular topic in media
So currently Lithuanian basketball fans can use XEM to purchase game tickets, season passes, and team merchandise. NEM(XEM) is planing to extend usage of XEM across other areas of daily life. Doesn't sound great? It is very promising. The main areas are transport, logistics, supply chains, administration, and banking. So I would bet Lithuania that become first world crypto country. If not Lithuania i would pick country in Asia.

[avikz]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

I am sure no country will accept bitcoin as their official currency ever because bitcoin is not structurally built for it. Bitcoin is aiming towards decentralization and anonymity which the least thing a government will want. Probably some progressive countries like Japan, USA, Canada can legalize it but they won't declare it as their official currency. Their official currency will remain the same while bitcoin transactions will also be accepted in these countries and nothing else. 

[razzbee]

Most countries would rather build their own cryptocurrency than use bitcoin as the national currencies.. for security reasons I guess

[Razick]

Best bet for countries accepting Bitcoin, is unfortunately their economies collapsing. People tend to learn the hard way. Their economy and country needs to go to crap before they will make a change. With that said, we are looking at countries like Greece (although they may be doing better now) or especially Venezuela right now. Any country in economic crisis will be looking for possible solutions to fix it, and Bitcoin is one of those possibilities.

[pinkflower]

No country will . All the countries will trust their own currency rather then depending on a currency whose price fluctuates a lot and even takes alot of time to confirm sometimes . So why to use such a currency when every country has its own well established currency

I cant believe most of you have not heard of the Pirate Party from Iceland. They seek to make BTC legal tender in their country.

I dont know what the political landscape in Iceland is but they have been given more and more support, with the last year's Icelandic election having the most success to date.

https://en.wikipedia.org/wiki/Icelandic_parliamentary_election,_2016

Iceland is due to have another parliamentary election on October 28, 2017.

[iram1011]

By official if you mean legal, then Japan has already done it. But if you mean making it national currency, then that is unlikely to happen. Bitcoin is international currency and is highly volatile since it is decentralized. No country would make such a currency, a national currency whose hold will not be in their hands. That will be a nightmare for the economic growth. If you want foreign investment you need a relatively stable currency not a volatile one like bitcoin and that too out of government's control.

No country will . All the countries will trust their own currency rather then depending on a currency whose price fluctuates a lot and even takes alot of time to confirm sometimes . So why to use such a currency when every country has its own well established currency

I cant believe most of you have not heard of the Pirate Party from Iceland. They seek to make BTC legal tender in their country.

I dont know what the political landscape in Iceland is but they have been given more and more support, with the last year's Icelandic election having the most success to date.

https://en.wikipedia.org/wiki/Icelandic_parliamentary_election,_2016

Iceland is due to have another parliamentary election on October 28, 2017.

Making it legal and making it national currency are two different things. Bitcoin is legal in many more countries. But adopting it as a national currency over the fiat currency is unlikely to happen.

[jtipt]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

This is still too far fetched. Any country right now is not going to make it its official currency, that would mean to dump their fiat and adopt a whole new currency, that will cause a major economic crisis in that country of not handled properly. Most likely what could happen is btc being officially legal in some country, that is relatively possible and some countries are already very close to doing that.

[xypos]

I think for bitcoin to be a real currency, government have to accept it first.

So I ask what country do you think will recognize it as a currency?

I think that Japan currently is at the forefront of bitcoin adoption. The government seems to be pretty bitcoin-friendly as well so if bitcoin does get adopted as an official national currency in any country, Japan is probably going to be the first.

Bitcoin is already legalized in Japan and Australia, just not recognized as an official currency.

BTW, bitcoin does not need to be recognized as "official" for it to work its magic.

[Ljanesanti]

I think plenty of countries had already accepted bitcoin lets say legal currency as what others imposed. They actually could use it not just in exchange but in other transactions that usually use fiat as payment. Japan for example. I am not sure if Sweden and Korea tend to do use bitcoin as legal currency as of the moment though.