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Author Topic: Which country will be the first to legalize Bitcoin?  (Read 4344 times)
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November 16, 2017, 06:02:28 PM
 #181

You need to inform yourself. Bitcoin is already legal in most countries... what happens is that many countries do not consider it to be a currency yet, but an asset.

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November 17, 2017, 12:14:34 PM
 #182

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  Wink

Well too bad your bet was wrong, China just prevented their residents to get into bitcoin and even has a news that they are going to ban mining in their country. Most countries are not yet confirming they're stand on bitcoin.
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November 17, 2017, 12:46:31 PM
 #183

Your question is already obsolete...

Because indeed, there are laready countries in which bitcoin is legal. Maybe what you thought about was not just legal entitlement to exist but rather a widely spread use and recognition in official institutions.

Regarding this, I do not think this is going to happen suddenly. Changes is habbits will be smooth and discrete. But one day it will be actually widely spread and it will be difficult for any one to point out a specific starting point!  Wink

Yes I meant recognition in official institution - because even if it is legalised does not mean it is recognised .

I'm not totally agree with you, it must be the first country who recgnise it as official currency and them many other will follow - so it's not as smooth as you think for me

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November 17, 2017, 12:50:28 PM
 #184

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.
Well its already legal in some countries and I think japan was the first country who make bitcoin legal in his country and now some other countries are also trying to make bitcoin legal and in japan they are going to teach bitcoin in schools as well so there is no doubt that in a coming time all the rest of countries who accept bitcoin they will make it legal.

Are you really sure " they star to teach Bitcoin in schools " ?
In my country most of the adults do not even know what really is  Grin Grin  Cheesy
Anyway it has to happen sooner or later - no matter how much they try to use the attention of mass media to bad talk about it.
It is a gradual process and it definitely will happen later on whether we like it or not. In some countries, blockchain technology and cryptocurrency are already being taught in higher institutions Computer Sciences classes which are really bringing in so much development right now in the blockchain tech world and would even bring further development as time goes on.

Bitcoin support keeps getting strengthened by the day and a government of any country will be doing themselves more harm trying to attack it than trying to benefit from it.

I see, this is great. Teaching blockchain in the university is the start thing to do, but then the local Giverments need to regolise and consider the Altcoin not as a treat but as a win-win.
For me it will not be a gradual process in the end.

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November 17, 2017, 12:54:51 PM
 #185

In Japan Bitcoin is accepted at some retail locations–notably 'Bic Camera' which is a nationwide electronics chain store
We all know the list of countries that have ample as a legal way of earning. The top in this list is obviously America that has made the use of the digital currencies legal in their vicinity but with some partiality. On the other hand, Japan has considered it as a non harmful method of payment .Along with all this Europe Canada Israel and also the Korea has made the Btcs in the list of legitimate assets. So this is possible for the bitcoiners to use the currency in these listed countries with ease and less harm.

I totally don't think USA are for the Criprocurrencies as they want to maintain their control against all.
It's not a county I would bet nowadays but also in the future.

The third world countries will most benefit from start adopt it as local currency

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November 17, 2017, 12:58:24 PM
 #186

I think it is already legalized in my country because if i want to cash out some coins then i need to pay tax for the amount and also i can pay at a lot of things with my bitcoins already so i am actually very happy that my country is so far.

It does not make too much sense for me to talk about taxes and see that as sort of thing to consider it legal or illegal for a country. They need to state something about it I think.

In which country do you live by the way?

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November 17, 2017, 12:59:34 PM
 #187

There is a lot of countries that legalized bitcoin and i think that Japan was the first to fully legalized bitcoin. Bitcoin is a great cryptocurrency and that is why they legalized it and made it as a official currency in their country. I hope that the other countries and not only in the Asian countries will legalize bitcoin so they can enjoy the benefits of bitcoin.
Yeah mate it has be legalized by many countries and they are already moving toward the economic stability as well as to the development and now I am looking forward to the crucial decision that which country will declare it as national currency and in Asia bitcoin has been accepted by many countries and this thing is giving more popularity and progress to the btc and surely in future btc will be national coin.


That's great! I hope that too.
It would be such a new strating point for the entire world

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November 17, 2017, 02:10:29 PM
 #188

Either china or USA. And then all the world, not without some struggle i guess  Grin
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November 17, 2017, 02:26:47 PM
 #189

I bet on Western superpowers like the United States, Canada and United Kingdom whom have shown a positive attitude towards the new technology. It is possible for the bitcoiners to use the currency in these countries with ease and less harm for they showed total support in the growing economy of bitcoin

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November 17, 2017, 02:36:34 PM
 #190

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.
You're totally wrong my friend. Vietnam will never be the first country legalizing Bitcoin cause they're developing country so their technology still not developed enough to control Bitcoin. Beside Vietnamese government is going to ban Bitcoin in next year that why I think this case will never happen Smiley). IMO it must be Japan where Bitcoin was born. At the moment everyone in Japan can easily use Bitcoin for payment in almost place in their country and it'll become the main payment method in this country soon.

I do not think neither that Vietman will be one of the first even if as you were saying there are many ATM that cash out fiat in exchange with BTC.

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November 17, 2017, 02:42:17 PM
 #191

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  Wink

I think china wouldn't legalize bitcoin, they have a strict economy since they have a very large population and bitcoin is not taxable that is why they are planning to ban it in their country. But if they happen to actually legalize bitcoin then it would be a great news for a lot of bitcoin investors since it would open to new opportunities for bitcoin to gain much more higher value compared today.

Yes, they have banned it bit it does not mean they will start accepted again and legalise ICO. I think we'll see in short somethig big happen  Grin

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November 17, 2017, 02:45:07 PM
 #192

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  Wink

I think china wouldn't legalize bitcoin, they have a strict economy since they have a very large population and bitcoin is not taxable that is why they are planning to ban it in their country. But if they happen to actually legalize bitcoin then it would be a great news for a lot of bitcoin investors since it would open to new opportunities for bitcoin to gain much more higher value compared today.

Yes, they have banned it bit it does not mean they will start accepted again and legalise ICO. I think we'll see in short somethig big happen  Grin
Either china or USA. And then all the world, not without some struggle i guess  Grin
I do agree. I think that China was once the world’s largest bitcoin trading market. But rumors says that most banks in China strictly bans bitcoins and the use of it is totally a punishable offense now. So maybe not China

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November 17, 2017, 02:48:12 PM
 #193

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  Wink

Bitcoin are legal in some countries, search at google to more countries that bitcoin are legalized. No one could reject the mighty significance of bitcoin, it really helps much even to those not legal age that need an extra income for their extra allowance. This is a covenient way to all us to earn money even a simple citizen like us..

This is not what I intended..
It does not makes sense your words

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November 17, 2017, 02:51:30 PM
 #194

I bet on Western superpowers like the United States, Canada and United Kingdom whom have shown a positive attitude towards the new technology. It is possible for the bitcoiners to use the currency in these countries with ease and less harm for they showed total support in the growing economy of bitcoin

I don't think so. Check out what Swonden is accused for by USA.
Those countries you mentioned are all but not pro freedom.

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November 17, 2017, 03:14:25 PM
 #195

As far as I know Bitcoin is already a legally accepted currency in some countries. Didnt Japan make bitcoin an official currency at beginning of this year? As for other countries, I think Switzerland is very crypto-friendly and will likely find regulatory ways to help cryptocurrencies emerge.
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November 17, 2017, 11:46:53 PM
 #196

Either china or USA. And then all the world, not without some struggle i guess  Grin
Bitcoin is digital cryptocurrency and plays an important role in country economy power that’s why a lot of country legalized bitcoin, but I think the first country which legalized bitcoin firstly is JAPAN because whenever I heard about legalization of bitcoin there must someone mentioned JAPAN country.
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November 17, 2017, 11:47:44 PM
 #197

As far as I know Bitcoin is already a legally accepted currency in some countries. Didnt Japan make bitcoin an official currency at beginning of this year? As for other countries, I think Switzerland is very crypto-friendly and will likely find regulatory ways to help cryptocurrencies emerge.
There are some countries which legalized bitcoin completely and where bitcoin used as a official currency, these countries are JAPAN, CHINA, USA, KOREA and many more countries. But the first one which considers bitcoin to be legalized is JAPAN I think but I am not sure about that.

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November 18, 2017, 12:23:08 AM
 #198

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  Wink

Bitcoin is a legal cryptocurrency here in the world but there are other countries that didnt notice what Bitcoin is. In this type of question, We didn't need to ask who is the first but much better if we will ask what are the other countries that doesn't make Bitcoin legal. As i've answered that kind of question, I bet in Japan. But i'm really sure.

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November 18, 2017, 02:56:15 AM
 #199

Not all countries all over the world legaliza Bitcoin,Their are some country Bitcoin is legal like China,Japan,Korea legalize Bitcoin and accept as valuable currency..

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November 18, 2017, 03:05:01 AM
 #200

I think japan is the first country that accepted Bitcoin as a legal currency and using it. Actually Bitcoin was accepted at some states in America but not all so i think it's not counted in this situation.
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