Which country will be the first to legalize Bitcoin?

[Betwrong]

Until now there is no official state legalize bitcoin for currency, may still need a longer study in order to apply bitcoin as legal currency, if there is a first country that uses bitcoin I estimate is the philippines.

Interesting. Why Philippines? Are there any evidences to support that notion?

I think we can say that Switzerland has already legalized Bitcoin because you can officially buy Schweizerische Bundesbahnen (SBB) tickets with BTC.

You can in Switzerland to buy it but only a small amount ! So we can say they still control it in a kind of way.
With that amount however you can pay tax ( around 350 USD maximum) so yes it’a definately a first step in a long way journey to became worldwide accepted 

I didn't know about the limits at the time I was writing the post, but now I checked it and came across this article in Coindesk, https://www.coindesk.com/swiss-railway-service-sell-bitcoin-ticket-kiosks/, which states the following: "there will reportedly be a CHF 5000 annual cap on purchases". That's roughly $5,000 annual limit which is a big amount considering that it is to spend on the railway services. I can't imagine someone who needs to spend more than that in one year.

I read also, but I do not remember where, that you can purchase tax credit in BTC.
It depends if you work as employee or you have a company - so the tax will be totally different and it does not take too much to reach 5K USD.
Of course if you use it only to travel with railway it a fair  amount ( consider anyway that the life there is so expensive and just a pizza in a restaurant costs around 30$ each )
 

Actually, no. I spent in Switzerland 6 months some time ago. I was working and living in Geneva and I can say that the rent is very expensive there that's true, but the food is not. For example they have a Pizza Hut in the center of Geneva and the prices there are same as in other similar places around the world.

I still think that Switzerland will be one of the very first countries who will adopt and legalize Bitcoin completely.

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[luxcoin]

Germany was the first country to recognize bitcoin as private money (or currency).

Well to be honest I am not aware of this reality and I am happy read your post and it has increased my knowledge and the information of the bitcoin acceptance. I hold the bitcoin and here in my country bitcoin is being use for the payment and the other purposes, money can be use but the bitcoin is easy and simple to pay no one will be able to take the extra income and tax from your pocket if you will use the bitcoin as the legal currency.

Where do you live by the way buddy ?

Always HOLD 

[swscowods]

it is true that in future it is more chances that bitcoin will become legalize in  many countries but no one can say about that which country will first legalize bitcoin in their country. we an just assume that japan is the country which are giving most value to bitcoin as compare to other countries so from that assumption we can say that it is more possible that japan will be the first country.

Yes nobody can say nothing the future but I am also very sure that Japan will be the first one who will legalize it because Japan is taking interest in bit coin so it is only my assumption it may or may not occur but I guess it from the interest level of Japan.

[iyan33]

it is true that in future it is more chances that bitcoin will become legalize in  many countries but no one can say about that which country will first legalize bitcoin in their country. we an just assume that japan is the country which are giving most value to bitcoin as compare to other countries so from that assumption we can say that it is more possible that japan will be the first country.

Yes nobody can say nothing the future but I am also very sure that Japan will be the first one who will legalize it because Japan is taking interest in bit coin so it is only my assumption it may or may not occur but I guess it from the interest level of Japan.

I agree with you if japan will definitely legalize bitcoin first if compared with other countries, because we know japan has a very good bitcoin market and get support from their government.

[ToyotaFortuner]

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 think the country that first legalized bitcoin I think is japanese and american state, because the bitcoin producer satosi nakamoto is a person of japanese descent who can introduce earlier what is bitcoin.

[Activitycoin]

Until now there is no official state legalize bitcoin for currency, may still need a longer study in order to apply bitcoin as legal currency, if there is a first country that uses bitcoin I estimate is the philippines.

Interesting. Why Philippines? Are there any evidences to support that notion?

I think we can say that Switzerland has already legalized Bitcoin because you can officially buy Schweizerische Bundesbahnen (SBB) tickets with BTC.

You can in Switzerland to buy it but only a small amount ! So we can say they still control it in a kind of way.
With that amount however you can pay tax ( around 350 USD maximum) so yes it’a definately a first step in a long way journey to became worldwide accepted 

I didn't know about the limits at the time I was writing the post, but now I checked it and came across this article in Coindesk, https://www.coindesk.com/swiss-railway-service-sell-bitcoin-ticket-kiosks/, which states the following: "there will reportedly be a CHF 5000 annual cap on purchases". That's roughly $5,000 annual limit which is a big amount considering that it is to spend on the railway services. I can't imagine someone who needs to spend more than that in one year.

I read also, but I do not remember where, that you can purchase tax credit in BTC.
It depends if you work as employee or you have a company - so the tax will be totally different and it does not take too much to reach 5K USD.
Of course if you use it only to travel with railway it a fair  amount ( consider anyway that the life there is so expensive and just a pizza in a restaurant costs around 30$ each )
 

Well I think it’s already legalized in some countries and I think japan was the first country which make bitcoin legalized because bitcoin is very useful for an economy of any country and it has already reduce unemployment in many countries and I wish that the rest of countries will also make bitcoin legalized for their people.

[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 

I think the country that first legalized bitcoin I think is japanese and american state, because the bitcoin producer satosi nakamoto is a person of japanese descent who can introduce earlier what is bitcoin.

I don't think that USA will soon approve Bitcoin currency in their country - you an just look how deeply the are motivated to block all the anonymous activity in which they can loose their power and control.

It has to be some other third world country that truly believe in freedom of the market and the possibility for everyone to do what they really what with their saving and money.

[Betwrong]

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 think the country that first legalized bitcoin I think is japanese and american state, because the bitcoin producer satosi nakamoto is a person of japanese descent who can introduce earlier what is bitcoin.

I don't think that USA will soon approve Bitcoin currency in their country - you an just look how deeply the are motivated to block all the anonymous activity in which they can loose their power and control.

It has to be some other third world country that truly believe in freedom of the market and the possibility for everyone to do what they really what with their saving and money.

I disagree with you on USA. Although some people in their government indeed are trying to block all the anonymous activity, most people there respect freedom and they will never do such thing as blocking Bitcoin. On the contrary, they will be supporting Bitcoin more and more in the future.

Right now there are over 1,000 Bitcoin ATMs in the USA, much more than in any other country. Take a look at the list here:
https://coinatmradar.com/countries/

[rasyiqul1505]

Bitcoin and other cryptocurrencies are already legal in a lot of countries. The fact that businesses can accept them as a form of payment and that any gains have to be reported and then paid tax on (at least in the UK) shows that countries have legalised it. Other than that and the existing forms of regulation, I'd think it has already been pretty much legalised.

in my opinion also so, have many countries that have melegal bitcoin, the proof some countries already have that make bounty campaign in this bitcointalk site

[rainezerr]

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 

Yesterday, Bitcoins has been featured in the news here in our country and it was a very bad report telling that bitcoin is a scam. The news has been broadcast all over the country and i think that it was a good thing that it happen so not everyone will know how much money they will earn from bitcoin, By the way the country is here in the philippines.

[sheenshane]

First country legalized bitcoin and start is in the USA, after that many countries slowly adapt bitcoin as a economical problem solve. A source of extra income thats why many people adapt bitcoin in their country.
So far this year bitcoin approve by our government here in philippines the central bank of philippines will now acknowledge bitcoin apart of them by using transaction to pay.

[YellowRiver]

Germany was the first country to recognize bitcoin as private money (or currency).

Well to be honest I am not aware of this reality and I am happy read your post and it has increased my knowledge and the information of the bitcoin acceptance. I hold the bitcoin and here in my country bitcoin is being use for the payment and the other purposes, money can be use but the bitcoin is easy and simple to pay no one will be able to take the extra income and tax from your pocket if you will use the bitcoin as the legal currency.

Well bitcoin is already legalized in some countries and I think japan was the first country who make bitcoin legalized in his country and I’m quite sure that rest of countries will also accept bitcoin because bitcoin have a power that can compel any country to make bitcoin legal in his country because they know bitcoin can play a big role in their economy.

[tuananh639393]

In Japan, btc has been accpeted as a payment method, that's why Japan is the biggest market of btc now.

[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 

Yesterday, Bitcoins has been featured in the news here in our country and it was a very bad report telling that bitcoin is a scam. The news has been broadcast all over the country and i think that it was a good thing that it happen so not everyone will know how much money they will earn from bitcoin, By the way the country is here in the philippines.

Got it buddy.
Yes, of course Governments want to manipulate as usual the mass media and warning its civilians to take distance from what the cannot control as cryptocurrencies.
So it not such a big news they are telling in such a bad way. So we as community have the duty to talk to our closest friend and tell them what it's really going on here 

[luxcoin]

In Japan, btc has been accpeted as a payment method, that's why Japan is the biggest market of btc now.

Defintaly mate.
It has to come from far East the new revolution because they can take much more advantages from any other countries.

[Trivelius]

Bitcoin and other cryptocurrencies are already legal in a lot of countries. The fact that businesses can accept them as a form of payment and that any gains have to be reported and then paid tax on (at least in the UK) shows that countries have legalised it. Other than that and the existing forms of regulation, I'd think it has already been pretty much legalised.

in my opinion also so, have many countries that have melegal bitcoin, the proof some countries already have that make bounty campaign in this bitcointalk site

You are right but I really don’t know which country make bitcoin legalize because a lot of countries now where bitcoin is allowed and legal because bitcoin is the most popular cryptocurrency and their economy are now growing very speedy this is the power of bitcoin.

[MAHNOOR]

First country legalized bitcoin and start is in the USA, after that many countries slowly adapt bitcoin as a economical problem solve. A source of extra income thats why many people adapt bitcoin in their country.
So far this year bitcoin approve by our government here in philippines the central bank of philippines will now acknowledge bitcoin apart of them by using transaction to pay.

I don’t know which country legal bitcoin first because some countries like JAPAN, USA, KOREA, CANADA etc where bitcoin have a lot of followers and they believe in bitcoin so their countrymen are enjoying their time and this is what people hope in bitcoin investment.

[Bezobraznike]

First country legalized bitcoin and start is in the USA, after that many countries slowly adapt bitcoin as a economical problem solve. A source of extra income thats why many people adapt bitcoin in their country.
So far this year bitcoin approve by our government here in philippines the central bank of philippines will now acknowledge bitcoin apart of them by using transaction to pay.

I don’t know which country legal bitcoin first because some countries like JAPAN, USA, KOREA, CANADA etc where bitcoin have a lot of followers and they believe in bitcoin so their countrymen are enjoying their time and this is what people hope in bitcoin investment.

   It is not important which country is the first, what is important that in the end
all countries should legalize bitcoins, and some other crypto-currencies.
   Countries that are first, like people who introduced with bitcoins first, have benefits
from that. Countries that adopt bitcoin sooner will have more time to establish new
system of payment network, they will make companies for that sooner then others and
they will earn from that a lot.
   It is like some kind of changing, who pass trough this changes will advance further and
be concentrated on next big life questions, while others will stay in stone age and think
how to light a fire. 

[LoudA__]

First country legalized bitcoin and start is in the USA, after that many countries slowly adapt bitcoin as a economical problem solve. A source of extra income thats why many people adapt bitcoin in their country.
So far this year bitcoin approve by our government here in philippines the central bank of philippines will now acknowledge bitcoin apart of them by using transaction to pay.

I don’t know which country legal bitcoin first because some countries like JAPAN, USA, KOREA, CANADA etc where bitcoin have a lot of followers and they believe in bitcoin so their countrymen are enjoying their time and this is what people hope in bitcoin investment.

Japan is different from that 3 countries. We all know that Japan is now accepting bitcoin and legalized it. I think from what is happening, Japan will be the only one legalizing bitcoin this year, I think they will be just waiting what might happen to Japan before they accept it.

[katiecbell]

Germany was the first country to recognize bitcoin as private money (or currency).

Well to be honest I am not aware of this reality and I am happy read your post and it has increased my knowledge and the information of the bitcoin acceptance. I hold the bitcoin and here in my country bitcoin is being use for the payment and the other purposes, money can be use but the bitcoin is easy and simple to pay no one will be able to take the extra income and tax from your pocket if you will use the bitcoin as the legal currency.

Well bitcoin is already legalized in some countries and I think japan was the first country who make bitcoin legalized in his country and I’m quite sure that rest of countries will also accept bitcoin because bitcoin have a power that can compel any country to make bitcoin legal in his country because they know bitcoin can play a big role in their economy.

I think Vietnam was the first country who legalized bitcoin as their legal and regular currency and started using bitcoin in their local markets. Now they have ATM machines of bitcoin. Gradually many other countries like Japan, India, South Africa, have legalized bitcoin and now Russia is going to legalize bitcoin in 2018.

It means that the world so turning towards bitcoin and in the near future the entire world will use bitcoin as a legal and regular currency.