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

[bitcoinmang879]

Just recently, Bitcoin and cryptocurrency have been recognized as legal digital assets by Japan. They also decided to officially legalize cryptocurrency exchanges, recognizing them as legitimate financial institutions.

[maydna]

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.

not many countries now recognize bitcoin as an official currency and i think its still too far to hope this because bitcoin need to solve the main problem first then maybe government will accepting bitcoin as payment. but if you say japan, i think it could be the first as we know that japan approve bitcoin and the government is allowing people for using bitcoin. i think in japan there is local store that already accepting bitcoin as payment but it doesn't mean that japan will be the first country that will make bitcoin as currency.

[CoinsCoinsEverywhere]

What do you mean by recognizing bitcoin as an official currency?  Are we talking about considering a legit form of payment, or are we talking about a country adopting it as its official currency?  As other have said, Japan seems to be the furthest along the road to using it as an actual currency.  Given how much they like cutting-edge tech, they will probably continue to lead the world.  If we're talking about bitcoin becoming a country's de facto currency, I doubt that will happen.  It may be recognized alongside another country's own currency, but I don't think it will replace it.  Governments need control over their own currencies or they will end up with economic problems.  Look at the issues that Europe has been having with the Euro over the past several years.

[Zenithar]

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.

not many countries now recognize bitcoin as an official currency and i think its still too far to hope this because bitcoin need to solve the problem first then maybe government will accepting bitcoin as payment. but if you say japan, i think it could be the first as we know that japan approve bitcoin and the government is allowing people for using bitcoin. i think in japan there is local store that already accepting bitcoin as payment but it doesn't mean that japan will be the first country that will make bitcoin as currency.

Although majority of state still did not legalize bitcoin, but i think that bitcoin is under discussion there to legalize it, and specially after Japan accepting bitcoin, they are now taking interest in bitcoin to turn it as legal currency. i am sure that Australia and very soon so many other countries are going to turn bitcoin as legal currency. I myself hopeful that very soon our own government will turn bitcoin as legal currency and then we will be able to use bitcoin for anything we want to.

[malikusama]

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 now accepted in most of the countries but i don't think so any country will accept it as its official currency due to its decentralized characteristic. Countries will make their own made cryptocurrencies as official or national currency because their own made currency will be under control of them. Bitcoin will remain the boss in the cryptocurrencies world but it will never become an official currency of a particular country.

[J. Cooper]

I recently read an article about Sweden being very interested in adopting cryptocurrency as an official currency. In Sweden they rarely use cash anymore, I even read a testimonial of someone who never uses cash. They do all their payments via cash or with their phone. So if there was a country who would adopt bitcoin first m, it would be Sweden in my opinion.

[geyayy]

With bitcoin's price being unstable, I guess no country will be going to have it a go as their official currency, bitcoin will always be an investment. And I still think, that it's work here in the digital world, will remain here; although because of its' easier and faster transactions, users want it to be used also in the physical world for payments.

[azguard]

Japan, Canada, South Korea, Philippines and some democratic countries, some of them already recognize it and some have doubts, the majority are all bitcoin free countries that have some regulation in terms of the ICO and some exchanges as the fraud and criminality are vulnerable because btc is the currency of anomity. To accept it as a real currency, the government should make a regulation or a system without compromising the primary attributes of the bitcoin by making the it safer and efficient to use as the criminals will tend to use it for their illegal transaction.

You miss Australia they also accept and they reduce tax on bitcoin if my memory is correct.

Many fill follow mainly Japan example , but with some caution in every step. Biggest countries in Europe will definitely try something like Japan not gonna speculate on this who will be but in this case many can be named. But many consider still bitcoin as something illegal and fraud, this will definitely for some countries be question mark will they come to adoption or just to watch ans be spectators in this.

[hurain]

Japan, Canada, South Korea, Philippines and some democratic countries, some of them already recognize it and some have doubts, the majority are all bitcoin free countries that have some regulation in terms of the ICO and some exchanges as the fraud and criminality are vulnerable because btc is the currency of anomity. To accept it as a real currency, the government should make a regulation or a system without compromising the primary attributes of the bitcoin by making the it safer and efficient to use as the criminals will tend to use it for their illegal transaction.

You miss Australia they also accept and they reduce tax on bitcoin if my memory is correct.

Many fill follow mainly Japan example , but with some caution in every step. Biggest countries in Europe will definitely try something like Japan not gonna speculate on this who will be but in this case many can be named. But many consider still bitcoin as something illegal and fraud, this will definitely for some countries be question mark will they come to adoption or just to watch ans be spectators in this.

yes i think most of the developed countries have accepted bitcoin as legal currency, while some countries are going to turn bitcoin as legal currency. but i think still there are so many underdeveloped countries who still do not take a positive step toward bitcoin, but i think people of such people need to introduce bitcoin to them in a good way. so that they may also start using bitcoin and their states should also take a positive step toward bitcoin. 

[Mustion]

It will take a long time before a country adopts bitcoin as an official currency. Bitcoin need more developments which can upgrade the Bitcoin Core for fast transaction. The bad thing about Bitcoin's transaction is you can't tell anything about the finished time of one transaction. It's depends too much on fees and how many transaction are going on in the system.

[khaled0111]

Many countries accept Bitcoin and many others just ignore it but do not prohibit its use by their citizens because they know that it is for their own good.
accepting Bitcoin and tolerate its use is something different from making it the official currency wich I think is something infeasible due to the concept of Bitcoin wich is based on decentralization and anonymity. It is better that Bitcoin remains uncontrolled and accessible to anyone without belonging to a specific country.

[juninhosilva]

A country with a young and not totally corrupt people who run it and who would like an economic breakthrough

[Vasilije69]

First, the most developed economical countries will recognize BTC as an offical currency such as USA, Japan, South Korea...

When it widens community, popularity, and value, almost every country will do the same. That could happen in near future or not, but it's just matter of time.

[Adbitco]

I don't think if any country is going to recognize bitcoin as an official currency reason being bitcoin is decentralized and nobody can have complete control over it. Governments anywhere in the world want total control on their citizens and they use currency for that to keep hence the idea of recognizing bitcoin as official currency by any country is just a dream. They may recognize it as a mode of payment but that's not what makes bitcoin any country's official currency.

[ledu_ico]

To be honest if no country accepted it so far as an official currency, it won't happen any time soon.
In my country there are only few ATM's in the capital where you can exchange cash into bitcoins, and most people don't even know for what they are

[azguard]

Japan, Canada, South Korea, Philippines and some democratic countries, some of them already recognize it and some have doubts, the majority are all bitcoin free countries that have some regulation in terms of the ICO and some exchanges as the fraud and criminality are vulnerable because btc is the currency of anomity. To accept it as a real currency, the government should make a regulation or a system without compromising the primary attributes of the bitcoin by making the it safer and efficient to use as the criminals will tend to use it for their illegal transaction.

You miss Australia they also accept and they reduce tax on bitcoin if my memory is correct.

Many fill follow mainly Japan example , but with some caution in every step. Biggest countries in Europe will definitely try something like Japan not gonna speculate on this who will be but in this case many can be named. But many consider still bitcoin as something illegal and fraud, this will definitely for some countries be question mark will they come to adoption or just to watch ans be spectators in this.

yes i think most of the developed countries have accepted bitcoin as legal currency, while some countries are going to turn bitcoin as legal currency. but i think still there are so many underdeveloped countries who still do not take a positive step toward bitcoin, but i think people of such people need to introduce bitcoin to them in a good way. so that they may also start using bitcoin and their states should also take a positive step toward bitcoin. 

True.
There are always one that want to accept and the ones that want to ban it. Many see bitcoin as a treat in some way. Price is not stable and many countries are afraid cuz of that. For many I think that will accept it only if price of bitcoin becomes stable "long enough". This may be crucial factor for many that are temped to make some moves to accept fully bitcoin in day trade but think until bitcoin really becomes stable in price they will have fair and doubt to accept it acknowledge it.
 

[Sasuke102001]

Japan has accepted bitcoin as a legal form of payment and Australia would be following Japan soon. Actually for any country to make Bitcoin their official currency that would not be that easy or even possible because for that a nation has to be so developed that each and every of its citizens must have the knowledge about bitcoin and overall Internet connection for each and every citizen. I do not think any country is that close to such development.

[jekjekman]

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?

All countries and its citizens can use Bitcoin since it was created and going around the internet because there is no rule that there is only a specific race, country or any other kind of identification to be followed when it comes to using it, that's why those people who are skeptical to it are always ranting about that it is a paradise for criminal to use in transacting their crimes online.

Bitcoin is a real currency, a real digital currency and it has a big value right now though. There is no need for bitcoin acceptance to any governments in the world as it is a decentralize cryptocurrencies meaning it is not regulated by anybody. And I think there is no country will ever treat Bitcoin as their official currency because it is an international digital currency that's not created for serving a single nation or represent any country.

[dothebeats]

Most of the countries that accept bitcoin don't really treat it as an official currency but rather a digital asset that carries value and can be used as a form of payment, like what precious stones and gold are. Since it can be traded to fiat, these countries imposed regulations such as AML/KYC to prevent fraud and possible money laundering using these cryptos as tools. I also don't see countries recognizing bitcoin as an official currency, albeit the possibility that they'd allow it to co-exist with theirs just to be ready on the digitalization of money that will happen in the future, and bitcoin is a prime example for that.

[Bionicgalaxy]

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?

In my own opinion, maybe the country that bitcoin can be recognize it as a currency is other asian countries because most of bitcoin users are from asian countries. Like in my country here in the Philippines, bitcoin is being recognize by our government and sooner or later maybe it can be accepted as a legal currency.