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

[Pab]

Vietnam,Vietnamise are using bitcoin a lot for transfering funds.Thay dont trust banks,it is easy there
becouse bitcoin atm's are around any corner.Many of them are living and working outside of Vietnam,so thay save on fees.I can also add that there is strong vietnamise mafia,i suppose thay also like bitcoin for transfering funds.For money laundering thay prefer banks

[Hotel_Prodeo]

I think Japan, the inventor of bitcoin satoshi nakamoto comes from japan, and of course japanese government more respect so that can make bitcoin as an official currency.

[ALT67890]

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?

Japan would be my idea of this kind of thing, as they were more open for technology upgrades and innovations. But let see if theirs more country who have the same economic strategy that will recognized bitcoin and be part of it. As of now the only thing we can do is wait for bitcoin awareness be matured.

[MAJICOIN]

in my opinion bitcoin will be acceptable as official in a country when government give the permission to accept this currency as method of receipt and payment. there are several reasons involved in this currency through which it can't be easily acceptable or we can say official of one country.

[osmo]

I think no country will apply bitcoin as currency, the government will not want to apply bitcoin because bitcoin can not be controlled circulation while while money can be controlled

[evilgreed]

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/

I doubt that Russia will adopt bitcoin. For me they are anti crypto-currency. And all the things that they have said for bitcoin and crypto is always changing. So I bet that they are really against any crypto for now.
Its legal tender in Japan. But its not their official currency. It is still Yen. And for that matter, I doubt that any country would make bitcoin their official currency. Its decentralized, volatile. The government or Central Banks of any country don't want any of that nature because its can really affect them financially. They want something that is stable and can be control.

                  I think you were right, and since Japan is also accepting bitcoin, it was just an alternate currency, next by Yen their official currency. Even so, replacing ones currency is totally hard, and i certainly like the fact that Japan was doing the first move and setting an example for the rest of the countries.

[ankylotic]

I think Japan, the inventor of  satoshi nakamoto comes from japan, and of course japanese government more respect so that can make  as an official currency.

i don't think japan will do that first from all of the world. i think it will happen from somewhere in europe and any country from europe will do it first like america or england or there are also chance that they launch their own cryptocurrency in competition with bitcoin. there also very severe chances of china also to launch their own crypto like they have just launches neo and it is very popular.

[Osarman]

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.

If making official means legalizing bitcoin than many countries have made bitcoin legal but if it means using bitcoin as national currency, then I have similar opinion like yours. You can simply use bitcoin as a currency with your national currency but I don’t think so bitcoin were made to be sued as official currencies. They are doing their job best by being the most profitable investment at present.

[bitgolden]

The first country that came to mind is japan then Singapore. As for Singapore, ICO investors have been eying it as a possible 'replacement' for china when they have banned ICOs there last few months. If they become open enough in crypto, there's a high chance that they would recognize bitcoin as an official currency.

I have pretty same opinion. Japan is leading the world in technology and they were the first one to make bitcoin legal in their country so I think after hardly five years, Japan is going to announce bitcoin as their official currency. Singapore as we all know keeps following them in latest trends and is herself quite developed with regard to technology, they will also make bitcoin official soon.

[ZzV1Finn]

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 do not know yet the country that completely legalized bitcoin. There are countries that have adopted it and vice versa prohibit it. The closest thing to this I think is Japan, progress there is already very fast and in the next 5 years I think everything will happen.

[mozillaspez]

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.

you says about japan .japan are not first country who accept bitcoin local currency they use only bitcoin look at all country’s they using bitcoin but not make a country currency bitcoin is a digital currency which use any were any place we use bitcoin for trading of investing money of profit

[syarifudin]

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 do not know yet the country that completely legalized bitcoin. There are countries that have adopted it and vice versa prohibit it. The closest thing to this I think is Japan, progress there is already very fast and in the next 5 years I think everything will happen.

Yes Japan may be more dominating bitcoin after china and maybe they are more potential to declare the legality of bitcoin as the official currency in their country, maybe for the next few years will surely increase the countries adopting bitcoin, so this is certainly very influential on the progress of bitcoin in the future.

[veleten]

whichever country it is next it is going to have an advantage and a good headstart
Japan is doing very good in this regard,they legalised bitcoins and the  businesses that accept bitcoins are booming there
its a very technologically advanced country with almost 130 mil of people
South Korea is another good example-the exchanges volumes are at all time high
India,Russia,Singapore,Phillipines are all toying with the idea of legalising crypta,but you cannot be sure until it is official

[Rinder]

Hasnt Japan made it already, anyway if they havent isnt needed at all, bitcoin is a currencie, store of value and a payment processor due to blockchain, soo it wont means nothing about its value and potencial. If you are considering some country to adopt bitcoin as their currencie i doubt it will happen, because even bitcoin future being amazing, its a huge step to say to the world, hey we need a decentralized currencie since we arent able to manage our own currencie.

[nelsledma]

Bitcoin is a real currency, the only hindrance for that if government of a particular country accepted Bitcoin as a currency that they can accept as mode of payment by their citizen. There are many countries that really accept Bitcoin and recognized by their government and some of them are Japan, South Korea, many countries in Europe and Canada, USA and some parts of Latin America. Some countries have free access to Bitcoin but some of them also are not recognized as a currency they can call, I wish it will be recognized worldwide.

Exactly this. Bitcoin does not need to be accepted by a government to be considered a "legitimate currency" or anything of that sort. If countries do start adopting bitcoin as a legal currency or even their official currency, then great. If not, it's not really a worry since bitcoin is global and decentralized anyway.

If we're talking about the first country to do this then i'd say definitely Japan or Korea.

Lots of new ideas in these two asian countries, and a lot of bitcoin trading done their already. Especially Japan.

I agree about Japan being first country to accept bitcoin as official currency but that will not happen now. It will take much time. Since Japan and China are two countries who are economically too much strong, and they want to become super world. Controlling the international currency will definitely help them to achieve their goal.

[tengek37]

Depending on the country's point of view and readiness, the point of view in viewing the positive and negative side of bitcoin transactions, and the government's readiness to make regulations about bitcoin transactions itself if bitcoin is recognized as a legal currency, among others who may have bitcoin regulations? what is the requirement? how is the tax? and others.

[appleffi]

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?

The first thing that comes to my mind is the country where satoshi came from, it all started with him or his group so I guess their countries government can accept it because they are the founders of bitcoin and I think it is beneficial for their country as they were the one who started the digital cryptocurrency community.

[Red Fish]

First of all, Bitcoin will be accepted by banks, and then some country can accept it as an official currency. Without doubt, most BTC users are in USA, but USA will not accept Bitcoin in nearest future. Most probably some small countries can accept Bitcoin, like Bahamas or Seychelles. And then we can wait for larger countries, like Canada or Sweden. 

[farhaan]

No country would be ready to accept bitcoin as a currency instead of its national currency.Only thing which a country could do is to legalize bitcoin and allow it also to be accepted with its own currency.

Japan has already legalized bitcoin and Australia has already announced that it would treat bitcoin as money on july 1,2017.Liberland, a small multi nation has also made bitcoin as its national reserve currency.Vietnam is getting ready to legalize bitcoin within next year.

India may legalize it within next few months.I think that US and china would never and ever legalize bitcoin as they both see bitcoin as a direct threat to their own national currencies.

[Bagaji]

It's a herculean task to pinpoint a particular country that would localise Bitcoin as an official currency. The cryptocurrency is already enmeshed in series of controversies and uncertainties. Countries of the world already have their currencies which they uniquely identify with. Bitcoin might just get some level of acceptance and recognition but it will be a tall order for any country to make bitcoin an official currency.