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affandi
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October 21, 2017, 02:25:36 AM |
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bitcoin is legal in any country as long as operated i have no idea or here that bitcoin is illegal in other country... maybe there activities using bitcoin is illegal but bitcoin currency is legal and dont need to legalization instead...i dont know in your country if bitcoin is illegal and why....but in my country bitcoin is approve by central bank and this is legally...
I feel it is important to issue legalization, because it will make its users more comfortable when transacting. in my country there is an issue that making payments with bitcoin will be subject to legal sanctions from the government, because according to him bitcoin is not a valid means of payment. obviously this is very sad in my opinion. |
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WSDN
Sr. Member
 Offline
Activity: 493
Merit: 250
IDENA.IO - Proof-Of-Person Blockchain
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October 21, 2017, 04:09:14 AM |
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I think legalization Bitcoin will be executed. But you have to wait. Bitcoin is the new thing with Government. They need more time to research.  |
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_Legendary_
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October 21, 2017, 04:45:05 AM |
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Decentralization makes bitcoin difficult to legalize, bitcoin legalization takes a long time, I'm sure there will be disagreement because if it is legalized it can threaten financial system using fiat money.
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Yudam
Full Member
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Activity: 251
Merit: 101
Bitgesell (BGL) Decentralized Cryptocurrency!
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October 21, 2017, 04:55:31 AM |
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In my country Bitcoin is ilegal, but there is no prohibition for its transaction ....
For other countries as far as I know the Philippines legalize Bitcoin, I also hope one day Bitcoin legal in Indonesia.
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wantjokull
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October 21, 2017, 04:58:13 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
The use of bitcoin is allowed everywhere but it's just about how the regulatory authorities look after the bitcoin when it comes to the bank accounts. The thing in my country is completely taxed after I cashout it to my bank account. May be that's one of kind of legalisation only. Some countries may not look at it in that way as it's free of taxes. So it depends country to country. |
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The_prodigy
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October 21, 2017, 05:01:24 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
I keep saying this again and again, bitcoin will only be legalized once there is enough dent in the economy that the government actually says or thinks that this is a good idea. With bitcoin and the fact that we are trying to further it this makes our goal something we can continually aspire to. |
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irmasany
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October 21, 2017, 05:05:39 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
do you never know any country that has legalized bitcoin ? I guess you are more senior than me about bitcoin knowledge. |
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ufaiz50
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October 21, 2017, 06:07:03 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
from what I heard and read some article the bitcoin in japan has become 100% legal and I myself don't know what the regulation because I don't live in japan. |
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DoublerHunter
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October 21, 2017, 07:01:30 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
from what I heard and read some article the bitcoin in japan has become 100% legal and I myself don't know what the regulation because I don't live in japan. That is right that the Japan already made 100% legalization of bitcoin in their country and there is more than 200,000 stores that are accepting bitcoin right now and i believe that bitcoin is a good way for them to increase their income because if they just hold the bitcoin that they collected from payments then their income in bitcoin already go up to 200%. I don't think that there is regulation in bitcoin in Japan because the government only do to the stores is to tax them based on their income. |
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Eternu
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October 21, 2017, 07:44:58 AM |
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I think legalization Bitcoin will be executed. But you have to wait. Bitcoin is the new thing with Government. They need more time to research. Yes, Bitcoin is growing so fast and more people everyday support it. But personal opinion sometime does not agree with opinion of our governments, and sometime that is the problem. Bitcoin is serious thing and therefor governments need to approach it carefully. Legalization of Bitcoin will for sure benefit all of us, but bigger question is how it will be regulated. One day for sure everyone will legalize Bitcoin as legal way of paying, I do not see reason why not. |
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kiver
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October 21, 2017, 08:00:34 AM |
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some people think that putting bitcoin under some rules will ruin the whole idea of bitcoin
But I think that bitcoin legalization will make it closer and closer to the common man
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trecore4
Sr. Member
Offline
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
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October 21, 2017, 09:04:35 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
Bitcoin is conflicted with its form and nature. As what bitcoin really is? Some say it's currency and some say it's assets or store value nothing else. Different countries are now adding up bitcoin into list of assets same like stock exchanges etc and some of them are not even bothering to consider it as currency or asset because of their underdeveloped structure. So former will legalise soon but later will take time. |
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Gears
Newbie
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Activity: 20
Merit: 0
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October 21, 2017, 09:14:39 AM |
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In Japan and Canada Bitcoin is now legal payment method, USA legal only partially, Europe is mixed bag where in UK is legal but some other countries in EU want TAX introduction, Russia is looking into legalise Bitcoin and tax more likely and in Poland is legal and taxed already (18%).
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kenkoy
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October 21, 2017, 09:22:49 AM |
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I read some of the countries had partially legalized bitcoin, if not, these countries have widely accepted bitcoin as a currency. https://atozforex.com/news/top-countries-where-bitcoin-is-legal/On the link above, some of the countries have showed positive towards bitcoin. US and canada has classified this digital currency as barter transactions. This transactions are also monitored by their AMLC bodies. I believe also other countries are gearing towards legality of Bitcoin. What they need to monitor deeply are the scam ICOs who may be rampant today. |
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DewiKirana
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October 21, 2017, 09:25:38 AM |
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Japan and the Philippines are examples of countries that have legalized bitcoin, which is very useful for bitcoin users in their country. And we see in some countries, bitcoin still not in legal status. The possibility of bitcoin legality is still in process, or indeed the country has banned bitcoin for some reason.
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channingwilmer
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October 21, 2017, 09:26:08 AM |
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How can the governments collect taxes from the people if they allow their citizens to use bitcoin? I live in a country where the television, social media are somehow controlled by the government and they keep posting fake information about bitcoin and make people believe that bitcoin is not a good thing. the result is that more than 60% people in my country do not trust bitcoin. Some of them even claim that bitcoin is the biggest scammer ever
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Lancusters
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October 21, 2017, 09:40:52 AM |
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People confuse the concept of legalization and prohibition of use. Are two different things. There are governments which have adopted decisions for themselves and already want to ban the cryptocurrency. There are governments which have not accepted the decision and took the position of waiting. In fact, the legalization of bitcoins will be only then when there will be the opportunity to buy bitcoins goods in the store or change in the Bank bitcoin to Fiat and back. As far as I know this is nowhere.
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kateycoin
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October 21, 2017, 09:49:41 AM |
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin?
or already somehow now it is possible to legalize the income received from Bitcoin?
Many countries are legalize the bitcoin because if not how they use in their country and how they convert it to their local currency. Like to my country we use it as a payment to our bills or buy some stuff online. |
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syamster
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October 21, 2017, 05:10:28 PM |
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bitcoin is legal in any country as long as operated i have no idea or here that bitcoin is illegal in other country... maybe there activities using bitcoin is illegal but bitcoin currency is legal and dont need to legalization instead...i dont know in your country if bitcoin is illegal and why....but in my country bitcoin is approve by central bank and this is legally...
Well I think bitcoin is legal in some countries and some other countries are going to make it legal in their countries and I think it very important for bitcoin when it became legal around the world so bitcoin can collect taxes around the world investors, traders can be more increase as well the users can be also increase it will give benefit to bitcoin and to the users as well. |
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Yudam
Full Member
Offline
Activity: 251
Merit: 101
Bitgesell (BGL) Decentralized Cryptocurrency!
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October 22, 2017, 07:21:24 AM |
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Japan and the Philippines are examples of countries that have legalized bitcoin, which is very useful for bitcoin users in their country. And we see in some countries, bitcoin still not in legal status. The possibility of bitcoin legality is still in process, or indeed the country has banned bitcoin for some reason.
I think the government is too long to decide on Bitcoin's loyalty. If they are aware and understand Bitcoin can be one way out of a country's economic problems. Or maybe because a big country like the US has not legalized Bitcoin which has resulted in many small and developing countries yet to legalize it. |
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