Which country will be the first to legalize Bitcoin?

[carlisle1]

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 Europe everywhere is the partial legalization. In Austria there is even a Bank which opens an account in bitcoins. In Switzerland you can pay utility bills using bitcoin. There are bitcoin ATMs. Officially, bitcoin is not recognized currency anywhere. I have not heard that any company officially paid wages in bitcoins.

partial means not totally legal?but in asia some countries accept
legalizations of bitcoin,same as venezuela the government might not legalize
formally but the whole country uses bitcoin as currency and i know theres a
lot there that uses bitcoin as currency and as what the OP predicted by couple
of years maybe world will accept bitcoin

[TheGreatPython]

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..

Russia is just on the verge of regulating by looking at the way others are doing it to implement a way they can regulate its usage so it does not get to be used for illegal activities.

There is no way every government can discard the chances and the full force crypto has brought with it which totally balls down to the support of the community which is why it is hard for them to halt it and hence, just find a way to regulate the usage. Japan has really done a good job so far and I believe other countries will be following their lead.

[fabrizoc]

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.

I think bitcoin is already legal in many countries and recently India also make bitcoin legal so I think japan was the first country who make bitcoin legal so I believe that some other countries will also make bitcoin legal end of this year because world realized the importance of bitcoin and now they want to support bitcoin for its high price.

I do not know if it was the first but in Brazil not to any kind of prohibition for the commercialization, mining or negotiation of the currency, of course many banks are against this new model of business and always they release announcements to frighten people who do not yet know the BTC , so as not to enter.

But that year 2017 the Brazilian Federal Revenue released official documents where it recognized the currency as a form of business, and also passed instructions to those who use the currency how to make their income tax.

[luxcoin]

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.

We won't really say they are the first to accept bitcoin as bitcoin is being used in most places and still stays legal until declared illegal by the governments. Some governments are really trying their best to see how they can regulate it now following Japan's move and we should really be expecting moves like this as time goes on. It is a matter of time and before we all know it, bitcoin will hit the mainstream.

I read somewhere that also Belarus has started to accept cryptos in an official statement - the fun fact is Russia next to it is trying to ban and make they own coin 

After the futures, that could be seen as first step in the traditional market, it will be about time that every state start to recognise it officially - looking forward to head it. Until now, the Far digital West can continue 

[Lubang Bawah]

Until now I've never heard of any country legally using bitcoin, I'm more often heard of a bitcoin banned country plan, it may take longer for bitcoin to be used legally.

[luxcoin]

Until now I've never heard of any country legally using bitcoin, I'm more often heard of a bitcoin banned country plan, it may take longer for bitcoin to be used legally.

In Japan as many users wrote before here in the treat has started to accept BTC legally - so also in other countries like Switzerland but with small amounts you can pay taxes or bus and train tickets.

After the Bitcoin futures came true on Chicago I think this is another step to make it legal worldwide. We'll see defiantly something happen shortly..

[xebecstyx]

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 Europe everywhere is the partial legalization. In Austria there is even a Bank which opens an account in bitcoins. In Switzerland you can pay utility bills using bitcoin. There are bitcoin ATMs. Officially, bitcoin is not recognized currency anywhere. I have not heard that any company officially paid wages in bitcoins.

I guess this post is outdated, given the information you are giving right now. However, I think if no the US, European countries would be the pioneers to embrace the cryptocurrency market and legalize bitcoin because they are the ones that are technologically inclined with the better capacity and capability to use bitcoin to their advantage. Maybe right now, many countries are in the dark on how they can use bitcoins to their advantage, but I am pretty sure that it's only a matter of time before they crack the code and be able to take advantage of it.

[Mr.X(999)]

Maybe USA, Japan, Korea, China, European country. Why? because that country is a potential country to legalize bitcoin. Some country like ASEAN country will follow behind as long as the world starting to legalize bitcoin.

[shaun98]

I believe the first country to legalize Bitcoin would be Estonia as the government seem to be very crypto friendly. The next one I believe that would adopt crypto is China, though I think they would use their own crypto like NEO or Qtum. Switzerland too seems to be very friendly to crypto.

[KingdomHearts]

Until now I've never heard of any country legally using bitcoin, I'm more often heard of a bitcoin banned country plan, it may take longer for bitcoin to be used legally.

In Japan as many users wrote before here in the treat has started to accept BTC legally - so also in other countries like Switzerland but with small amounts you can pay taxes or bus and train tickets.

After the Bitcoin futures came true on Chicago I think this is another step to make it legal worldwide. We'll see defiantly something happen shortly..

I think that Vietnam is the first country who started bitcoin in their local markets. They were the first to legalize bitcoin. Japan, India, south Africa and are the nest to legalize bitcoin in their respective countries. Now I have heard that Russia is going to legalize bitcoin in 2018. It is appreciable and the rest countries will also legalize bitcoin in the near future because in the future bitcoin will be the mainstream.

[logicgate]

Until now I've never heard of any country legally using bitcoin, I'm more often heard of a bitcoin banned country plan, it may take longer for bitcoin to be used legally.

In Japan as many users wrote before here in the treat has started to accept BTC legally - so also in other countries like Switzerland but with small amounts you can pay taxes or bus and train tickets.

After the Bitcoin futures came true on Chicago I think this is another step to make it legal worldwide. We'll see defiantly something happen shortly..

I think that Vietnam is the first country who started bitcoin in their local markets. They were the first to legalize bitcoin. Japan, India, south Africa and are the nest to legalize bitcoin in their respective countries. Now I have heard that Russia is going to legalize bitcoin in 2018. It is appreciable and the rest countries will also legalize bitcoin in the near future because in the future bitcoin will be the mainstream.

Basically, we have a lot of examples of such countries that have legalized the usage of bitcoin and I consider all of them as smart ones. Not only that they accepted Bitcoin but I heard some of them are also planning to release their own cryptocurrency.  For example India is about to launch Lakshmi (I hope this was the name) as its first digital currency. Looks like they have figured it out that digital currencies are the future of money.

[fireburnerx]

I believe the first country to legalize Bitcoin would be Estonia as the government seem to be very crypto friendly. The next one I believe that would adopt crypto is China, though I think they would use their own crypto like NEO or Qtum. Switzerland too seems to be very friendly to crypto.

Ye right, about Estonia, probably because the parliament is short of getting money out of people. They want 21% tax money out of bitcoin trading (everything you make from selling and buying between cryptocurrencies, not exchanging from BTC to Euro).

I guess the first one to be actually will be Canada, as it tries to get Chinese miners to their side. They literally saw the potential of selling the electricity to miners.

[Xclusive5]

Countries never reject bitcoin and no country can stop investment in bitcoin because everything has been decentralized. No one is controlling the digital currency. Whether government legalize it or not bitcoin will keep soaring.

[luxcoin]

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 Europe everywhere is the partial legalization. In Austria there is even a Bank which opens an account in bitcoins. In Switzerland you can pay utility bills using bitcoin. There are bitcoin ATMs. Officially, bitcoin is not recognized currency anywhere. I have not heard that any company officially paid wages in bitcoins.

I guess this post is outdated, given the information you are giving right now. However, I think if no the US, European countries would be the pioneers to embrace the cryptocurrency market and legalize bitcoin because they are the ones that are technologically inclined with the better capacity and capability to use bitcoin to their advantage. Maybe right now, many countries are in the dark on how they can use bitcoins to their advantage, but I am pretty sure that it's only a matter of time before they crack the code and be able to take advantage of it.

I would love to think about that. Trust me I'd be so happy if really happened, but because I live in Italy , I know at least we as country will not take the leader of the pioneer inside UE.
There still are just too many lobbies that are worried about the implementation of Bitcoin in the real life in Europe so they are forcing mass media to bad-talking about that.

The revolution has to come where it was first thought : Asia.

[luxcoin]

I believe the first country to legalize Bitcoin would be Estonia as the government seem to be very crypto friendly. The next one I believe that would adopt crypto is China, though I think they would use their own crypto like NEO or Qtum. Switzerland too seems to be very friendly to crypto.

Switzerland has the technological power and I truly believe that could be a game changer. However like Estonia are just too small countries to really change the mass adoption. But know really knows...

We only need a first one..

[Vukimenguns]

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 seems that Belarus was the first to begin. Now everyone is watching how this will affect their development, and then look and other countries will catch up.

[bitcoinminer45678]

Japan has already legalized bitcoin.Many other countries like australia are also friendly to bitcoin and might legalize in future.At first,vietnam was in an idea of legalizing bitcoin,but suddenly changed its decision and banned bitcoin.Same is the case with south korea also.India has not still made its stand clear.But in future,we may expect many countries to legalize bitcoin.

Most countries even though they have not stated their full decision, but they are really showing a lot of welcome approach to bitcoin and the blockchain technology which obviously already makes bitcoin legal and adopted for usage.

Like you said, we expect so many countries to state their opinions on bitcoin as times go on, but right now Bitcoin remains legal to use in most countries than even the ones it is illegal in.

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.

[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 

It seems that Belarus was the first to begin. Now everyone is watching how this will affect their development, and then look and other countries will catch up.

Let's see then who are coming next ! 

[luxcoin]

Japan has already legalized bitcoin.Many other countries like australia are also friendly to bitcoin and might legalize in future.At first,vietnam was in an idea of legalizing bitcoin,but suddenly changed its decision and banned bitcoin.Same is the case with south korea also.India has not still made its stand clear.But in future,we may expect many countries to legalize bitcoin.

Most countries even though they have not stated their full decision, but they are really showing a lot of welcome approach to bitcoin and the blockchain technology which obviously already makes bitcoin legal and adopted for usage.

Like you said, we expect so many countries to state their opinions on bitcoin as times go on, but right now Bitcoin remains legal to use in most countries than even the ones it is illegal in.

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.

The privacy that BTC can guarantee is not so anonymous as you might think - so if you're planning to hold, to sell or to buy something hoping the you are secure from Gov and the tax section unfortunately I got to tell you man you are wrong.

If a blockchain services want to track you, they can know exactly who are you.

Disclosure: if you just using one wallet - not mixing it

[carlisle1]

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 Europe everywhere is the partial legalization. In Austria there is even a Bank which opens an account in bitcoins. In Switzerland you can pay utility bills using bitcoin. There are bitcoin ATMs. Officially, bitcoin is not recognized currency anywhere. I have not heard that any company officially paid wages in bitcoins.

i heared some countries from asia had also ATM for bitcoin this means many countries recognizing bitcoin as currency maybe not all of them legally accepted this but atleast partially yes,and next to that is legality..this has been waited for all of us so we can transact everything everywhere in the whole world