Legalizing Bitcoin

[a4techer]

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 hope so that bitcoin be legalize to all country's even in our country because right now bitcoin was illegal here in my country and they broadcast to all television and radio program that if you are joining in bitcoin they well arrest you so thay many of the bitcoiner was afraid on what happen. So that we hope the government officials was declared bitcoin legal in my country.

[ngacengan]

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. 

actually bitcoin technology is very good and sangta transparent, nothing is hidden, all can know transactions ever happened, but still many do not know and some countries do not agree with this, I do not know why a country prohibits or rejects good technology like this bitcoin.

[Babylon]

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. 

The government should first conduct a feasibility study whether bitcoin is widely known and accepted in their countries by their people. If it is, the government now should implement laws around just like what they did in the paper or fiat money policies we have as of now.

Legalizing Bitcoin in the country will help its economy by giving it more ways to accept tourists in a more convenient manner because they dont need to go now into an exchange service in order to get the country's particular mode of transaction.

[aftab.436]

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. 

actually bitcoin technology is very good and sangta transparent, nothing is hidden, all can know transactions ever happened, but still many do not know and some countries do not agree with this, I do not know why a country prohibits or rejects good technology like this bitcoin.

The legalization of the bitcoin will make the bitcoin make more trusty and more strong. If the bitcoin is become legal there will be more people to invest and more people that will make trade in it, because there a lot of people that are now not taking interest in bitcoin due to not clear position of bitcoin in their country. they feel some hesitation while making invest or trade if bitcoin become legal every body will be take interest.

[4U]

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. 

There are some few countries that has banned bitcoin. Having this fact makes it more difficult to have all the countries in the world to legalize bitcoin. Also, bitcoin is being used for some illegal transactions which convinces some countries not to legalize bitcoin knowing that it might just harm their nation. Amidst all of these reasons, I still believe that as innovations keep on going, the benefits all bitcoin would be enough to convince the world to legalize it.

The countries who have banned the bitcoin will suffer with the economic crisis in the future because bitcoin will be accepted by the every nation except them and this thing will distort their image as well and the countries who have legalized bitcoin in their region will enjoy the good economic health as well as their region will be more progressive and developed and any region which will deny the bitcoin will regret in future.

This thing is sure that including china who else want to impose ban on bitcoin will suffer a lot because in future this coin will be declared s the unique currency all over the world and all the import export payments will be made via bitcoin and then they will lag behind in the development as well so it is not late yet false countries may have to apology the bitcoin community and request for the join again to survive easily.

It’s very important to make bitcoin legal because everyone know that bitcoin is decentralized but still it’s very popular and strong in market and still its price is going more high if it became legal around the world so there is a possibility that bitcoin can be used as a international currency because people around the world they love and support bitcoin because its price is high and its now available almost in many countries so it will be legal very soon.

[Lewis_Ham]

I think bitcoin will not legalize, it will not be influenced by only a few people, no one will be able to control

[tabas]

I think bitcoin will not legalize, it will not be influenced by only a few people, no one will be able to control

Bitcoin is now legal to Japan, https://www.cnbc.com/video/2017/11/06/japan-made-bitcoin-a-legal-currency-and-now-its-more-popular-than-ever.html
Bitcoin is decentralized so that's given that no one is able to control everything about it but the government can give regulations to guide people who are using it.

[ronics]

In all major bitcoin countries it is sometimes legally or illegally encrypted and others declared that it is illegal that most of them are actually accepted or they are really going to promote their own alts.so how does our governments require regulating the bitcoin in our country .and how the government actually benefits from legalizing bitcoin I our country. How to support the economic system in the country. And the crypto currencies in the country have been so violent that it is difficult and it depends on the crypto currency and bitcoin imployments..

[Kizaki]

Legalizing such currency thats not from the government and just from rich and some regular people would be hard there will be tons of process and waiting time and consideration thats needed to be evaluate but it will come by time

[salihno71]

As the adoption goes up, so will the issues around the cryptocurrencies need to be addressed one way or another. My guess is that there will be one or (more likely) more solutions to the problem which will be widely adopted by the governments worldwide. We will have to wait and see.

[chuongvannguyen02]

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. 

Hard to find anything from bitcoin and if bitcoin tax is hard to know who owns it so if you tax the floor then some countries have no trading floor.

[Bitcoinjheta]

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. 

Hard to find anything from bitcoin and if bitcoin tax is hard to know who owns it so if you tax the floor then some countries have no trading floor.

I think it's very hard here in our country to legalize bitcoin because aside from the legal issues it may encounter, we don't strong internet connection that is necessary to run bitcoin smoothly. Because, how can the government monitor its transactions if they themselves doesnt have the facilities to do so?Another thing that can hinder it to be legalized is that people will not sippprt it because for sure it will be taxed and that means lesser income to us bitcoiners.

[Rhosadah]

There will likely be more legal precedents set in the next few years around the digital currency. Today many countries have discussed major legal issues surrounding Bitcoin, and the legality of Bitcoin by 2016 in many countries.further legal developments in the next few years are likely to occur both for the good and bad of Bitcoin and other cryptocurrencies.

[gabmen]

There will likely be more legal precedents set in the next few years around the digital currency. Today many countries have discussed major legal issues surrounding Bitcoin, and the legality of Bitcoin by 2016 in many countries.further legal developments in the next few years are likely to occur both for the good and bad of Bitcoin and other cryptocurrencies.

Well.i think it's normal and its necessary with the growth of btc. For the user's security as well. And in the long run, some of these developments and regulations can help maintain a healthy crypto market.

[martina14]

Bitcoin is legal in most countries, those country who banned bitcoin or dont want to be done there are those country who want to have their own cryptocurrencies. why? bitcoin is not control by any one theres no company or what every person it is just mined and out i the market unlike other coins that are funded and organized. they want to tax crypto thats why

[mirakal]

Bitcoin is legal in most countries, those country who banned bitcoin or dont want to be done there are those country who want to have their own cryptocurrencies. why? bitcoin is not control by any one theres no company or what every person it is just mined and out i the market unlike other coins that are funded and organized. they want to tax crypto thats why

They cannot tax cryptos but they can tax us for using cryptos for our benefits, if there is a specific law then we have no choice but to follow, otherwise we will not gonna enjoy using bitcoin. The moment we convert our bitcoins, we need exchanges to be able to do it, and since they are the government who has the power, they can make a law dictating the exchanges to supply information to them on their clients, so they can match and require the necessary taxes.

[raven7886]

I believe that bitcoin can not be legalized. This will attract the underworld and they will start to earn it. The perpetrators will start using bitcoin in their own interests, and this is not good.

How will legalization of bitcoin ever have an effect on any of this ?
Bitcoin in itself is enough to attract any evil perpetrator without the government being involved. Also, if what you are referring to is the government or some of the top guys hitting into the show, then, I do not see how that has anything to do with legalizing bitcoin as they can still do that anyway.

Legalizing bitcoin to me will create awareness, and that is all that it is to it.

[Sweeet123]

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.

Absolutely correct,most of the countries across of the globe haven't taken a firm stand for or against bitcoins, they are just speculative about it

[bitllionaire]

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. 

to be profitable then the country should make its own coin which is used to transact daily in the country, if so I am sure the country will also get the benefits

The governments are not required to make their own coin because they can just study the existing cryptocurrencies in the internet and accept it and make it as a fully legalize cryptocurrency or another form of money. It will be easier for them since they are already existing and they have a lot of different projects that the government can get benefits.

Every government is not as generous as Japan’s government. There are certain set of rules to be followed by the currencies creators (which usually are countries) and by the users of the currency. It is not easy for any government to allow a cryptocurrency as a legal currency because government always demands for the identity of the person owning a currency also government demands for the proof of the currency one has to be proved as white i.e. not earned though any unfair means.
Government always want a command and control in its own hand instead of anyone else, cryptocurrency don’t meet this requirement of government which makes it challenging for the government to legalize it.

[4U]

I believe that bitcoin can not be legalized. This will attract the underworld and they will start to earn it. The perpetrators will start using bitcoin in their own interests, and this is not good.

It’s a very positive thing and as we know that some countries have made bitcoin legal and still there is a possibility that bitcoin can be legal in some more countries and recently there are two countries who join bitcoin and within six months they make bitcoin legal so I believe next year more countries will also do same like these two countries because world realized that bitcoin is very important for their economy so it’s important to make bitcoin legal.