Legalization bitcoin

[jimblasko]

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?

[1714765975]

1714765975

[1714765975]

1714765975

[Lancelot04]

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 don't know about other countries but here in the Philippines is legal to use Bitcoin since it has been approve by our Central bank.

[savioroshan]

I think Japan has accepted bitcoin as a legal payment option. Even in Philippines too . In India the government is planning to legalize it. Talks and discussions are going on for it. I think it may take a year to take some decision about it in India. They also have a plan to include it in goods and service section. In the near future, I hope most of the countries will legalize it, because its getting popular day by day.

[DaMut]

what does that mean by legalization ?
are you saying about it's legally used ? in every country you can buy something and pay it using Bitcoin.
as long that store support it,
no matter what is it,if they do not support it you can not buy it at all.
if you're asking about global legalization in some country,that mean Bitcoin should be regulated first by them.
and we can talk about global legalization,
but right now,if they did not ban it.you can use it as your wish,but the requirement is the store support it.

[jumpercrypto]

What do you mean legalizing bitcoin?

As far as I'm concern, by it's nature, bitcoin is legal. However, certain organizations like banks or government may ban it if they feel it'll do bad than good. But that doesn't mean that it is illegal.

[Lannie25]

legalization of bitcoin is coming but its very soon from now cause there's a country dont want to accept bitcoin because they think bitcoin is scam

[AngelSky]

legalization of bitcoin is coming but its very soon from now cause there's a country dont want to accept bitcoin because they think bitcoin is scam

legalization of bitcoin is happen in different.In many Asian country its happening.I think in India,the bitcoin is became legal now.In china also,many people are investing their own money in bitcoin to get very huge profit from the bitcoin.In japan also ,many mining farm is started to get more bitcoin as a profit from mining.

[UCHCHILD]

Bitcoin is legally used in some other countries, we can see there were some that accepted by great companies and with influence with the public but in terms of legalizing the income that we received from bitcoin I guess it is another topic b ause for sure once it is legalize the  taxes or Vat comes along with it which is a reay big burden to use for sure because aside from the fees we put in blockchain then here comes the government collecting and eliminating some coins as to taxes. So I hope if this will.be so, I hope better not legalize it.

[mobnepal]

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?

Check this link https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
you will find legal status of bitcoin in different territory.

Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador & Kyrgyzstan), its status as money (or a commodity) varies, with differing regulatory implications.

[jak3]

Why do you even want to see bitcoin as a Legalized Currency? Is that really worth it? I mean if you believe that government should control everything and they can handle it as well better than anything then I am not saying that they can not. I know they can do that better than anyone but As bitcoin is designed it can manage itself pretty impressively and I believe no one can ever match this much point to point transaction logging which our wallets do. I mean the online ledger system and Private/Public key sign all these stuff make bitcoin a perfect cryptocurrency.it needs no Managment from government.

[majeed]

There are few countries have already legalized bitcoin such as japan and australia. due to many different reasons, other countries can not accept bitcoin yet. Such as poor countries, they can not control the people if they allow them to use bitcoin

[LeGaulois]

You can't legalize something that was not banned before. Bitcoin is not illegal so how do you want to legalize it, it is already accepted hence legal. Most countries have not a clear position about cryptos but most of them (or all) don't ban bitcoin in any case. They gladly accept taxes related to your bitcoin activity

[Mpamaegbu]

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?

Sorry to point out that such a question like this isn't what we should expect from a high ranking member of this forum who should have been old enough here to know the goings on in the cryptosystem. Of course, bitcoin is just outlawed in China and a few others but generally speaking it is legal to use bitcoin in more countries than we can count.

[Fatunad]

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?

It is already been adopted or legalized on Japan and into some few countries.I cant eventually point out but im sure there are countries which do actually adopt bitcoin but not totally speaking on adopting fully and making it as a currency but only just a new way payment system but not totally replacing their local currency. Legalization wont really be an easy stuff because government do have different view regarding to bitcoin.

[Lamisa asfiya]

Legalization of bitcoin means that, people can use it legally in their daily life.bitcoin is not legal in every countries in the world . but many countries have legalized bitcoin. they are,Japan, Australia , Philippines. even now India wants to legalized it.

[PMmesexycoins]

I think you have it backwards. It doesn't need to be legalized. To legalize there would need be a law against it first, and there's no laws forbidding it almost anywhere.

That would be case for many drugs and substances around the globe, but not crypto.

[stompix]

when will legalization bitcoin?

At the same moment you learn to speak English so we can understand what you are asking

why this does not happen?

Because different countries have different views on it and a different legal process and laws.

are there any countries that have legalized bitcoin?

Wikipedia is your friend:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

or already somehow now it is possible to legalize the income received from Bitcoin?

Again it depends in which country you reside.

[green547]

It would be very difficult to enforce it being illeegal.  I'm sure they would make it difficult to use in certain places though.

[alva5763]

Bitcoin does not have to be legalised.  If a buyer and seller agree on a bitcoin transaction it is not illegal.  Think back to the days before coinage was introduced where bartering was the means of trade whether it was for goods or services eg the work of a blacksmith or carpenter. When governments get involved there are complications introduced. Laws and methods to be followed instead of a free market. Governments may be interested in those who make money from bitcoins,either trading or just holding as an investment from a revenue charge being claimed. Best to keep bitcoin as a free market between investors and traders.

[Eternu]

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?

There are some counties that has accepted Bitcoin as legal way of paying like Japan. But there are a lot more those counties that hasn't yet stated that Bitcoin is legal or illegal. As far as i heard no one is getting their salary in Bitcoins, and I mean on full time jobs. I guess that governments still doesn't have reliable way of tracking trades of Bitcoin, so that they could legalize it fully and start allowing people to pay their workers in Bitcoins. There are currency exchange places where i change my Bitcoins to my country currency, and they pay tax for their business. Which makes it totally legal. I guess till all things fell in order, Bitcoin and paying with it will stay in grey area.