Which country will be the first to legalize Bitcoin?

[Webetcoins]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

well according to quora, germany was first ever country that legalize and accepted bitcoin as a currency and unfortunately it isn't the china but they were the largest investor and holder of bitcoins and also the first ever manufacture mining equipments u  the world but the most notable countries who were accepted bitcoin is Japan because as a one of most innovative countries in the world

You are right mate! A lot of the countries are accepting the bitcoin and they are trying to make the bitcoin. The price of the bitcoin is increasing more and more and the value of the bitcoin is increasing so I think it is very good to invest the money in the bitcoin and to hold the bitcoin for the sake of the bright future because having the money is the best thing but having the bitcoin is the amazing thing.

[rayneh]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

well according to quora, germany was first ever country that legalize and accepted bitcoin as a currency and unfortunately it isn't the china but they were the largest investor and holder of bitcoins and also the first ever manufacture mining equipments u  the world but the most notable countries who were accepted bitcoin is Japan because as a one of most innovative countries in the world

You are right mate! A lot of the countries are accepting the bitcoin and they are trying to make the bitcoin. The price of the bitcoin is increasing more and more and the value of the bitcoin is increasing so I think it is very good to invest the money in the bitcoin and to hold the bitcoin for the sake of the bright future because having the money is the best thing but having the bitcoin is the amazing thing.

Now a days countries are willing to accept bitcoin as a payment method because they know that it can make there economy better. Because if they accept bitcoin as a payment method then many businesses will become a good and profitable because we know that bitcoin price increasing so that's the step where countries are looking forward to accept bitcoin.

[Slash61]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

there are now many countries that legalize bitcoin officially as currency, but not a few also many countries who oppose the existence of bitcoin in society.I think it could be bitcoin into a currency that can be legalkaned in all countries in the world.

[r1nd3m1r4]

1. United States

The United States has taken a positive approach to Bitcoin. At the same time, there are several government agencies working to prevent or reduce the use of Bitcoin for illegal transactions. Payment using Bitcoin has also made it into the U.S. derivative market, which further reinforces that the presence of the digital currency is more legitimate.

U.S. Criminal Law Enforcement Network has published a guide on Bitcoin since early 2013. They define Bitcoin as a currency business, not as a currency. And this puts it under the Bank Secrets Act that requires reciprocity and payment processors to fulfill certain responsibilities such as reporting, registration and record keeping. In addition Bitcoin is categorized as a property for tax purposes by the IRS.

[speedy963]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

well according to quora, germany was first ever country that legalize and accepted bitcoin as a currency and unfortunately it isn't the china but they were the largest investor and holder of bitcoins and also the first ever manufacture mining equipments u  the world but the most notable countries who were accepted bitcoin is Japan because as a one of most innovative countries in the world

You are right mate! A lot of the countries are accepting the bitcoin and they are trying to make the bitcoin. The price of the bitcoin is increasing more and more and the value of the bitcoin is increasing so I think it is very good to invest the money in the bitcoin and to hold the bitcoin for the sake of the bright future because having the money is the best thing but having the bitcoin is the amazing thing.

Now a days countries are willing to accept bitcoin as a payment method because they know that it can make there economy better. Because if they accept bitcoin as a payment method then many businesses will become a good and profitable because we know that bitcoin price increasing so that's the step where countries are looking forward to accept bitcoin.

One of the reasons also why most establishments nowadays and most probably businesses accepts bitcoin as their method of payment, there is no longer need to elaborate the benefits of bitcoin as well. Some prefer it as a day to day currency or a payment, but as for me i would prefer to use it as my investment. As what i can observe lots of countries are already planning to adapt bitcoin to their country and make it their official secondary currency.

[Bodywowoya]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

In Europe, I see while not in a hurry, Asia and Australia are still ahead of the rest of the world, but I think the next will be either South or North America, the same USA or even I will assume Argentina.

[legendbtc]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

Complete countries will not make Bitcoin as a primary currency because Bitcoin is an internet currency and still, there are many people and many countries who depend on the paper currency.

[luxcoin]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

Actually there's a lot of countries that recognizing bitcoin and declared that it is legal to their jurisdiction. I have witnessed a thread here about Brazil that has 150 stores that accepts bitcoin. And I can't tell on what country is the first to legalize bitcoin because what's important to me, it doesn't matter anymore if that will be the first or last country but what's important is that they are supporting bitcoin.

I agree with you - it doesn't really matter first or last - but to start accepting worldwide someone has to take the first step.
The fact that is not illegal does not mean it totally legal.

Let’s make and example: say you buy some goods online paying CCs.
After some time, your local Gov say it’s not legal at all, and the vender who hasn’t change the CCs you gave him, ask to be paid again with some other form of payments because he can’t use them anymore.
What the hell you can yell - but because he knows who you are by your address, you are tracked and sooner or later you have to refund him.

[luxcoin]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

well according to quora, germany was first ever country that legalize and accepted bitcoin as a currency and unfortunately it isn't the china but they were the largest investor and holder of bitcoins and also the first ever manufacture mining equipments u  the world but the most notable countries who were accepted bitcoin is Japan because as a one of most innovative countries in the world

You are right mate! A lot of the countries are accepting the bitcoin and they are trying to make the bitcoin. The price of the bitcoin is increasing more and more and the value of the bitcoin is increasing so I think it is very good to invest the money in the bitcoin and to hold the bitcoin for the sake of the bright future because having the money is the best thing but having the bitcoin is the amazing thing.

Now a days countries are willing to accept bitcoin as a payment method because they know that it can make there economy better. Because if they accept bitcoin as a payment method then many businesses will become a good and profitable because we know that bitcoin price increasing so that's the step where countries are looking forward to accept bitcoin.

Of course I support BTC and I wish it can spread worldwide and really become the first currency accepted - but for now there still are some critic point and without any warning one country could limit its power ( even if it's decentralised ) stated it as illegal.
So if you have a local business and you have started accepted bitcoin, what would you do in that case ?

[luxcoin]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

well according to quora, germany was first ever country that legalize and accepted bitcoin as a currency and unfortunately it isn't the china but they were the largest investor and holder of bitcoins and also the first ever manufacture mining equipments u  the world but the most notable countries who were accepted bitcoin is Japan because as a one of most innovative countries in the world

You are right mate! A lot of the countries are accepting the bitcoin and they are trying to make the bitcoin. The price of the bitcoin is increasing more and more and the value of the bitcoin is increasing so I think it is very good to invest the money in the bitcoin and to hold the bitcoin for the sake of the bright future because having the money is the best thing but having the bitcoin is the amazing thing.

Now a days countries are willing to accept bitcoin as a payment method because they know that it can make there economy better. Because if they accept bitcoin as a payment method then many businesses will become a good and profitable because we know that bitcoin price increasing so that's the step where countries are looking forward to accept bitcoin.

One of the reasons also why most establishments nowadays and most probably businesses accepts bitcoin as their method of payment, there is no longer need to elaborate the benefits of bitcoin as well. Some prefer it as a day to day currency or a payment, but as for me i would prefer to use it as my investment. As what i can observe lots of countries are already planning to adapt bitcoin to their country and make it their official secondary currency.

You're right buddy. But it only works if you are a private person and you don't have a company business. What would you do with your employee ? Do you pay them in BTC even if " it's not illegal" ?
I mean you can't just hold if you have to pay someone unless you trade them as soon as you receive, like Bitty I think does.
Of course you could have some extra saving in local currency to pay the supply chain for some days/months but it will end sooner or later...

[Kisanaq]

Until now I've never heard of a country that officially legalizes bitcoin, this is because they worry that the use of bitcoin can beat fiat money and bitcoin can not be controlled so threaten the country.

[Kotone]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

I sincerely hope that the first country that would legalize bitcoin is a country which has a great influence over others so that it might be able to give sway over this. However I think that the third world country would be the one to first legalize in attempt to revive its economy

[m!llar]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

-Japan Because they Support any new technology

-Dubai Because they support any new things

- Australia

-India 

 

[Seansky]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China  

In terms of crypto legalization I think the first country to legalize all cryptic urgencies is Japan. This assumption is based on the current status of Japan which considers bitcoin as legal. It is one of the countries who adopted bitcoin early and the probability of them legalizing cryptocurrencies is very high. Aside from Japan, the other country that might be the first to legalize crypto is Russia. As far as I know they are making their own cryptocurrency which is based on cryptorubble, and the chance of them legalizing other crypto by applying regulations to them is also high.

[Alfred V]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

It would be the country that will see Bitcoin as a good thing where they can benefit from. Countries who believes in the power of bitcoin.

[fiulpro]

Or others Criptocurrencies I mean..

I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )

I bet in China 

Hey
Japan will be the first country to take this step no doubt.
Bitcoins are legal in many countries but not recognized as an official currency but in a sense they aren't made for this recognition at all, cryptocurrency is a different thing and they are not the same as regular currency.
But right now the world is divided into two parts:-
1. People who are seeing bitcoins as a threat or who wants to control the value of bitcoins like China and Russia.
2. People who are legalizing bitcoins and also the counties who are making it taxable so that they can gain official recognition. Like India and Japan.
Anything is possible right now, the future of bitcoins isn't even decided.

[dameh2100]

I think, and I believe, our country will be the first to be legalized in bitcoin or other cryptocurrency. Hopefully this will be true. It is said that a media network here in our country has bitcoin use to grow Philippines. And experts and analyzers agree on it. Perhaps only a few know it in our country but it is legal and approved by our Central Bank. And that would be legal also with people.

[4U]

Once China lead the network, now I believe that the hands of Japan seems raising. Already Japan has made a regulated usage with more markers for the same. Hope in future the same continues making it the center for all the financial development happening through digital currencies.

Well also agree with you that japan can be the first because in some part of the japan there are some companies who are giving bitcoin to their staff as a salaries and I think it’s a very hard prediction about bitcoin that which country will accept bitcoin first as a officially because there are a lot of countries who have accepted bitcoin and I think now thy are thinking to accept it officially.

[warrior333]

I think, and I believe, our country will be the first to be legalized in bitcoin or other cryptocurrency. Hopefully this will be true. It is said that a media network here in our country has bitcoin use to grow Philippines. And experts and analyzers agree on it. Perhaps only a few know it in our country but it is legal and approved by our Central Bank. And that would be legal also with people.

That means approved by the Central Bank? You can go into any Bank and exchange bitcoins for Fiat? I don't believe. This will not happen. Why banks need bitcoins? Now on the contrary there are people who come to the Bank and take a loan in Fiat to purchase bitcoins in a year increase the capital in several times. What is the interest of banks to work with bitcoin?

[lordquanta]

Until now I've never heard of a country that officially legalizes bitcoin, this is because they worry that the use of bitcoin can beat fiat money and bitcoin can not be controlled so threaten the country.

Japan has accepted and recognized the bitcoin as currency. There are other countries on list which have accepted the bitcoin. The small distinction is that many countries have recognized the bitcoin asset and not as currency. Like Israel or India they have marked bitcoin as asset so tax on bitcoin will be levied accordingly.
Recently some countries are banning the ICO, that is good step because most of them are frauds. These steps will save some.