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Author Topic: What do you think is Bitcoin become legal in all countries?  (Read 2302 times)
mayuri27 (OP)
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November 20, 2017, 02:34:08 PM
 #1

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
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November 20, 2017, 02:36:50 PM
 #2

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

everbody its happen to bitcoin become legal all over the world because this the goal of bitcoin community to become famous and use of all people as new currency.

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November 20, 2017, 02:41:22 PM
 #3

Bitcoins are dominant now ans everyone is accepting cryptocurrencies and thus.. many people are investing in it..with that many people investing in Bitcoins I don't think that there will be some country who forse this situation and go against public intrest.
In fact the countries which are non democratic can for sure do this but in case of democratic countries like japan ,India, USA.. I don't think they can do this because it will go against public intrest more or so the government is for the people by the people and from the people...thus every democratic government will look forward to make it legal by following certain norms offcourse.

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nhug886
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November 20, 2017, 02:44:09 PM
 #4

I think bitcoin will not be legal to all countries
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November 20, 2017, 02:53:02 PM
 #5

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

everbody its happen to bitcoin become legal all over the world because this the goal of bitcoin community to become famous and use of all people as new currency.
It may not easily happen that btc will be legal all over the world to become the worlds global monetary system as it already opposed or discouraged by some countries like China, Bangladesh, Ecuador and other, Government of some countries may oppose this kind of system, why? transparency and the lack to rewrite the past transactions which is the governments hobby which so called corruption and control. They preferred central banking to impose heavy tax to the people. There will be a lot of conflict before that statement will happen.

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November 20, 2017, 02:57:07 PM
 #6

the price will double increase if bitcoin became legal in all countries and some altcoins will increase the price also and when we travel to the other countries we don't need to convert our money to their local money anymore we will only use bitcoin as a payment.
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November 20, 2017, 02:58:48 PM
 #7

I think it is going to be a long shot to see BTC being legalized in all countries. Even though in many developed countries people are being encouraged to get involved with it whics is awesome but I can not see third world or countries where governments are too greedy and corrupted legalizing bitcoin anytime soon because they know no one can make people their slaves through cryptocurrency like they can do with paper money and local banks! Bitcoin For Freedom!

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November 20, 2017, 03:04:59 PM
 #8

I think the issue regarding legality of bitcoin will soon be resolve because of the increasing demand and popularity of bitcoin, many people are now getting more interested in bitcoin and are now starting to invest on it an some other alts they learn how to get income out of crypto currencies and since the value appreciation of bitcoin keeps growing government may somehow see the opportunity bitcoin gives to many people.
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November 20, 2017, 03:06:33 PM
 #9

Yes, some small countries prohibit bitcoin. The possible reason is that bitcoin will have an impact on the monetary system of their country
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November 20, 2017, 03:15:52 PM
 #10

The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Nepal), its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
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November 21, 2017, 06:17:49 AM
 #11

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

if it's legal bitcoin then people will be easy to buy bitcoin, many people are now increasingly interested in bitcoin and are now starting to invest it for some other things they learned to earn money from crypto currency. and because the appreciation of bitcoin values continues to grow, the government somehow can see the opportunities that bitcoin provides to many people.
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November 21, 2017, 06:20:54 AM
 #12

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
I don'r clearly understand what you are trying to say. If you are asking if it will be legal to most of the countries, the answer is that, there's a huge possibility that it will since it sis becoming more popular and more countriws are now making it legal and it is possible that ither countries will also do the same thing in the future.

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November 24, 2017, 05:03:58 AM
 #13

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
If that happen bitcoin will be legal in all countries,the price must increase higher and it became has a good standard in currency it will be known by everybody and we cannot hard to explain to others.It provides to financially its the answer in poverty in every country.
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November 24, 2017, 05:15:38 AM
 #14

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

everbody its happen to bitcoin become legal all over the world because this the goal of bitcoin community to become famous and use of all people as new currency.

this will happen soon because of the fast adoption of the blockchain technology in the market that causes disruptive change in industries that its been implemented legalization and regulation of these coins are the priority of some sectors of our government.. not the coin but the exchange that caters the buy and sell in the market..

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November 24, 2017, 05:40:09 AM
 #15

Why do we need to worry about that? The moment when governments ban something, it is forced underground and these governments start to lose the battle. People will then be forced not to pay taxes, by their own government. <if Bitcoin is banned, people will not declare their Bitcoin income or pay tax, when they use it in underground markets>

The government will also lose the opportunity to attract Bitcoin tourist to their country and also the jobs that would be created form this innovative technology.

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November 24, 2017, 05:58:12 AM
 #16

I think eventually it's going to be legal in most of the countries, but some countries will still do their best to ban it. Think of Uber, and how much it has disrupted the taxi business all around the world. Some governments are still fighting against it, trying to declare it illegal. But people still use it, and will continue to do so. It is pretty much the same story with every new development in any sector, which disrupts the established order: Institutions try to ban them, but once the average person starts using them, not much can be done.

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November 24, 2017, 06:04:42 AM
 #17

I think bitcoin is a great digital money. It has many benefits for humans. It is good that bitcoin is accepted all over the world. I think that is what many people want.

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November 28, 2017, 04:09:59 PM
 #18

Many bank are become bankrupt because they will never patronizing invesiting in the ban with low investment and years before harvesting fruits not like in bitcoin you can earn as easy as you can especially if you read and research about it
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November 28, 2017, 04:14:40 PM
 #19

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

Bitcoin has already been banned in China and with some saying that it will be banned in Europe.  But some still have no say about bitcoin.  But that does not mean that they are against with bitcoin.  Maybe they are just weighing things.  Here in our country, I did not heard that it was announced to be legal, but it is legal considering the fact that it was accepted in banks.
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November 28, 2017, 04:24:46 PM
 #20

i think bitcoin will have a very hard time to be legalized by all countries on the world, many governments said bitcoin can not be traced so they can not control bitcoin users, therefore they have to choose banning bitcoin, but the world is chaging now, more and more countries are accepting bitcoin, so i think in the future, bitcoin will be legalized soon.

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