Legalizing Bitcoin

[cydrix]

there are allways some ppl in government who want to get free money from us to their wallets, is this possible to make bitcoin transactions fully anonimus? becouse i'm pretty sure that russian politics are too greedy to not to stole some cryptocurrency for no real reason

Lol youre halucinating or something? No one could do that mate bitcoin is the most secure cryptocurrency though it depend on your wallet to use of. This is why bitcoin is decentralized to manifest large sum of money or have the freedom to earn or have many money as you want with no strings attached meaning unnoticeable  or anonymous.

[joromz1226]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

For me once bitcoin become legalize. Probably it could have a restriction and laws about the bitcoin users and holder of bitcoin every time they make a transactions, of course once the government handle it can have tax deduction anyway..

[Bitfyer]

In some countries, it is better to keep politicians away from Bitcoin or any other cryptocurrencies, specially on those that are not very economically free. Here in Brazil, for example, they probably would try to make Bitcoin illegal when they find out that people can keep their money without paying taxes with Bitcoin (at least until they sell some amount of bitcoin an transfer the money to any bank).
Of course governments don't like the idea of people controlling their own money without paying taxes and without the help of banks, but if at least the most economically free countries declare Bitcoin legal, it would make the things a lot easier for the Bitcoin community. And of course, Bitcoin price would go to the moon or beyond.

[loreykyutt05]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

For me once bitcoin become legalize. Probably it could have a restriction and laws about the bitcoin users and holder of bitcoin every time they make a transactions, of course once the government handle it can have tax deduction anyway..

Hmmm I doubt they will be able to tax a bitcoin transaction that happens within a bitcoin network since the government has no control over it however what they could do is put tax on exchanges and impose a law  that they could use to control your transactions when you are planning to convert your bitcoins into cash

[n691309]

legalizing cryptocurrency in country is a difficult, it depends on users cryptocurrency and bitcoin, "how cryptocurrency users participate in state regulation, and demands legalization, by judicative means.". cryptocurrency legalization statistics is very dynamic, and when you see some effort to start receiving bitcoin, it signifies the global elite has received bitcoin as a means of payment.

Legalizing cryptocurrency is not difficult as far as I am concerned and some countries have already done that. It just has to do with passing some laws which would also regulate it and then activities revolving around bitcoin becomes allowed.

It does not have anything to do with global elites and if they want to get involved eventually by utilizing the currency, then it is the same as any other person who would.

[Star_Bucks]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

Legalizing bitcoin is not as easy as we think, a lot of innovations should be made first before this would fit within every country of the world. One thing that the governmeny should do to regulate bitcoin in the country is by letting it go off their hands since it is decentralized and don't create troubles for those who are doing bitcoin. By this way they can ensure that the economy of bitcoin in the country will not get messed up and things will be okay between the two.

[Suguha]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

We all know that legalizing bitcoin can bring us a lot of benefits and convenience but we should still consider that the legalization of it is not as easy as we think it is. The government should focus on settling things between the banks within the country and blockchain. They should also declare that the use of bitcoin for payment is allowed. If this things would be tolerated, bitcoin for sure will not be hard to be accepted by the society which may lead to legalization.

[novhitadaloma]

the government has already received Bitcoin, and some countries have legalized the bitcoin.
 

[wuvdoll]

there are allways some ppl in government who want to get free money from us to their wallets, is this possible to make bitcoin transactions fully anonimus? becouse i'm pretty sure that russian politics are too greedy to not to stole some cryptocurrency for no real reason

The good thing is that once exchanges are regulated, all these anonymity would become impossible unless for the usage of mixing services anyway. However, we cannot really say it will not  be possible that some would not want to stash money into cryptocurrency especially the greedy politicians, but it may be hard.

Now, exchanges are solely requesting for verification even before you make use of them and unless you are doing direct P2P transaction without the use of exchange which I doubt, then there is no way you can remain anonymous.

[sunnex100]

What governments need to do with regards to legalising bitcoin is to build a very solid structure around its use and procedures. There is a need for a legislative and legal framework to be drawn and established to regulate and monitor the use of Bitcoin. An agency needs to be created to register those who use and invest in Bitcoin with serious monitoring capacity.

[Daimon88]

Many government might not really look in the direction of legalizing bitcoin or cryptos as the case maybe if they don't find a means to control the usage. Control in the sense that making it an outlaw if a particular transaction is deemed illegal or a manner of transaction.

This control is because of orderliness in the society and making people obey precepts behind bitcoin. So, until the government comes out with measures to guide it, they might not be in a haste to support it fully. Meanwhile, even with the little support and good news around it, is soaring higher and turning out new rich people.

Yes you are right. If the present situation is considered deeply then it would not be wrong to say about Bitcoins being not legalized yet by any Government. This is due to a various reasons the major among all is just the fear to lose control over the usage of cryptocurrencies if the government starts to declare them under the legal ones.

Hence in short we can only say that whole procedure of Bitcoin legalization might take some more time for drawing out the complete plan of laws regarding its dealing and setting up limits for the users.

[Siren]

Many government might not really look in the direction of legalizing bitcoin or cryptos as the case maybe if they don't find a means to control the usage. Control in the sense that making it an outlaw if a particular transaction is deemed illegal or a manner of transaction.

This control is because of orderliness in the society and making people obey precepts behind bitcoin. So, until the government comes out with measures to guide it, they might not be in a haste to support it fully. Meanwhile, even with the little support and good news around it, is soaring higher and turning out new rich people.

Yes you are right. If the present situation is considered deeply then it would not be wrong to say about Bitcoins being not legalized yet by any Government. This is due to a various reasons the major among all is just the fear to lose control over the usage of cryptocurrencies if the government starts to declare them under the legal ones.

Hence in short we can only say that whole procedure of Bitcoin legalization might take some more time for drawing out the complete plan of laws regarding its dealing and setting up limits for the users.

Japan for me has already set the precedence on how to legalized and embraced bitcoin. So if other nations want to legalize it, then they need not to go further because Japan did it. The problem though with other country is that they are afraid to legalized it as Japan did because they are afraid that bitcoin cannot be control by their government plus they have heard a lot of negative news that why they are still doubting bitcoin. But if they would closely scrutinized it, there's nothing wrong with it and they would really benefit from embracing and legalizing it in there country.

[denny27]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

Which's clear.. I think that doesn't mean that all countries have never been able to legalize bitcoin and haven't been able to regulate on bitcoin's using, it has been proven until now there are already countries that can legalize bitcoin. And the institution that manage regular's currency circulation can approve the law or regulation associated bitcoin because predicted to help expand the reach of information technology in the banking sector. Some countries that haven't legalize bitcoin, to date many are still learning more about bitcoin technology and blockchain more deeply, of course this can be a consideration for the government to be able have legalize bitcoin in the country.

[LordDisick]

There hasn't been a country who said that bitcoin is totally "illegal" those who made some regulations are China, Usa and probably the India, but they didnt said that bitcoin is ilegal, a regulation is something completely different. Just remember that China is not killing anyone just because using bitcoins, they are only shutting down some exchanges in their countries, but nothing more.
Bitcoin is legal in most countries all around the world.

Yeah right those mentioned country didn't say that bitcoin is totally illegal they just regulated the use of it. In our country we are free to use and earn bitcoin, our government is not strict about it yet and I hope it remains that way. Bitcoin really helped a lot of us hear to earn since there are so many unemployed people in our country.

[Wonder_woman]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

If bitcoin really accept of one country that means that this country is open for breakthrough through modernity, modern money modern life and is better and easy to use and easy to get job online.

[coin_1122]

You'll find that different governments will have different opinions on what to do and whether or not it will provide an economic benefit to it's nation. There are scattered results but ultimately all of them will want to start buying bitcoins and stashing reserves otherwise they're not going to have any wealth to go off of if they want to try and survive on the global market.

I do not believe that will be at least one government that will agree to keep the state reserves in bitcoins. It's too risky. One thing is clear. with the emergence of bitcoin all governments think about what to keep state reserves in dollars is dangerous. It could trigger mass ignoring of the dollar and the drop in its value.

In my opinion its possible to see near future. Maybe it gonna like like trial period. Some countries are trying to show their development by such innovations

Yes, possible chances are there to legalize the Bitcoin but it completely depends on our government. But I see daily many countries finding the growth in blockchain technology and they will start researching how they will legalize the Bitcoin and blockchain technology.

[BossMacko]

I think besides getting tax in every transaction which is impossible to be control by the government, Bitcoin will just simply help the economic status of one government. as long as the people benefits then the government will also benefit it will lessen the poor and lessen the corruption.

[Seansky]

I think besides getting tax in every transaction which is impossible to be control by the government, Bitcoin will just simply help the economic status of one government. as long as the people benefits then the government will also benefit it will lessen the poor and lessen the corruption.

The fact that the government tax even the tiniest things in life still exist and bitcoin is not an exception to it. Always remember that most politicians does not care for the common good, but rather they would legalize bitcoin with the intent of exploiting it for themselves, therefore bitcoin would be legalized one way or another. In the future, there would surely be countermeasures prepared and maybe right now, governments are developing a concept to tax crypto into a certain degree.

[BitcoinCommodor]

there are allways some ppl in government who want to get free money from us to their wallets, is this possible to make bitcoin transactions fully anonimus? becouse i'm pretty sure that russian politics are too greedy to not to stole some cryptocurrency for no real reason

Lol youre halucinating or something? No one could do that mate bitcoin is the most secure cryptocurrency though it depend on your wallet to use of. This is why bitcoin is decentralized to manifest large sum of money or have the freedom to earn or have many money as you want with no strings attached meaning unnoticeable  or anonymous.

People who are saying that bitcoin is not secure are not well aware of this coin my suggestion to them is first go and learn about it and them come and argue and yeah this is the most secure currency at this time nobody can know that you are owing it and your private key is accessed by you only so how can someone take those from you, bitcoin organization is well secured and they give unbreakable security to protect it.

[3la9l_kolbaCa]

this is not good idea for anyone especially to bitcoin. bitcoin is the most valuable and most high price in the crypto currencies right. if the people let this coin to be legalized for sure there will be more people who will abuse it.