Legalization or public awareness?

[zenrol28]

As we all know few countries are banning cryptocurrencies. But are the people aware of cryptocurrencies' existence before it gets banned / legalized in their country?

[1714540997]

1714540997

[1714540997]

1714540997

[1714540997]

1714540997

[howard.ashoul]

Who's banning crypto? All countries are implementing it and making relevant laws.

[amrulshare]

for a digital currency that is still banned any country, I think only a few percent who know the existence of cryptocurrencies. cryptocurrency is still a lot of trouble to fix so that a country recognizes it. 

[Lucius]

As we all know some countries are banning cryptocurrencies. But are the people aware of its existence?

It is true that BTC is illegal in some countries,but I think it was expected when we know that different people think differently and different countries have different opinions in terms of some things,and that including BTC.But when we look at the countries who ban/declared BTC as illegal we may see they come from all continents and there is poor and well-established countries.I do not know it is true,but one country which banned BTC is Iceland,and there is a list of few more: Bangladesh,Taiwan,Kyrgyzstan,Bolivia,Ecuador,Vietnam and recently Morocco.

Regarding your second question,are you asking people are aware of cryptocurrency or that their countries make them illegal?

I think that the knowledge of the existence of BTC and any other cryptocoin is still relatively small if we consider the whole world,but it is certain that every day it increases more and more.

[sicparvismagna]

For me legalization awareness is easy if you have the government acceptance within you because mostly these days people won't entertain companies or businesses that are illegal and not approved by their government because they want to avoid government intervals and pusnishments among them. So for the first foremost the bitcoin should go through first is to pass the legal process.

[avikz]

Who's banning crypto? All countries are implementing it and making relevant laws.

Not all countries are legalizing it or making any relevant laws. There are a very few countries who have legalized it and majority of the countries are not sure what to do with it. Either they don't bother or they are too serious about the negative impact of bitcoin. I am sure the majority of the governments are not taking bitcoin positively. Not all countries are progressive like Japan.

However, I believe legalizing bitcoin will help the mankind as a whole. A lot of new business will open up. A lot of new job opportunities will be created. More over, a lot of money will be infused in the economy which will increase the purchasing power of its citizens. It will have a very positive impact on any economy if a country legalize bitcoin. But they are facing a lot of pressure from the Banks and main stream financial institutions who wants to ban bitcoin. But the legal status is still unclear in majority countries.  

[zenrol28]

As we all know some countries are banning cryptocurrencies. But are the people aware of its existence?

It is true that BTC is illegal in some countries,but I think it was expected when we know that different people think differently and different countries have different opinions in terms of some things,and that including BTC.But when we look at the countries who ban/declared BTC as illegal we may see they come from all continents and there is poor and well-established countries.I do not know it is true,but one country which banned BTC is Iceland,and there is a list of few more: Bangladesh,Taiwan,Kyrgyzstan,Bolivia,Ecuador,Vietnam and recently Morocco.

Regarding your second question,are you asking people are aware of cryptocurrency or that their countries make them illegal?

I think that the knowledge of the existence of BTC and any other cryptocoin is still relatively small if we consider the whole world,but it is certain that every day it increases more and more.

Sorry for my misleading question. Edited it. Yes, the increase of awareness of people in bitcoin is quite noticeable for this year. I hope this continues for the years to come.

[tomahawk9]

As we all know some countries are banning cryptocurrencies. But are the people aware of its existence?

You're making it sounds like there's a massive btc banning occuring around the world, which is not like that. 'Some countrie's are barely a few southeast asian states where the governments are too corrupt so they want to keep absolute control over its citizens and the financial system.

I think public awareness is more important right now, because, how can you legalize a cryptocurrency that the public doesn't even know or understand? even though Bitcoin is having a lot of exposure from the media over the recent months, there's still unawareness in the general public regarding bitcoin and many questions are left unanswered (what is it?, what does it do?, how does it work?, how can i use it?, etc).

[eagleman]

As we all know some countries are banning cryptocurrencies. But are the people aware of cryptocurrencies' existence?

We can't by generalizing the "people" for being aware of cryptocurrencies. The world is wide and not all can take to have knowledge and idea that cryptocurrencies are existing.

Who's banning crypto? All countries are implementing it and making relevant laws.

https://news.bitcoin.com/five-countries-where-bitcoin-is-illegal/
Both are needed for bitcoin, legalization and as well as public awareness. Legalizing bitcoin will give the citizens to have the guarantee that they will not violate or do such criminal act by just using bitcoin as news out there are very misleading and tells this way. Public awareness is good for countries that doesn't have a stand with bitcoin.

[zenrol28]

You're making it sounds like there's a massive btc banning occuring around the world, which is not like that.

We can't by generalizing the "people" for being aware of cryptocurrencies. The world is wide and not all can take to have knowledge and idea that cryptocurrencies are existing.

I'm very sorry. I reconstructed my question.

All of your answers have  points. Thank you guys for answering.

[Pursuer]

nobody is banning bitcoin these days, in fact they are all adopting it and even talk about how legalizing bitcoin is going to be a good thing for them. you know as in tax revenue,

in any case, either one of these will bring the other.
if you legalize bitcoin, it will bring public awareness
public awareness can also bring legalization.

but making it illegal won't prevent the public awareness though. bitcoin is decentralized and nobody can really ban it for good. and they can never prevent people from finding out about bitcoin and wanting to use the peer to peer network!

[Swenna]

First and foremost, how can you legalize something that you don't know or something that you're unaware of? In order for everyone to accept what is bitcoin and what are cryptocurrencies, they have to know it first, the what, the why's and the how's. Once that is done, then the government and those who have the authority can decide whether cryptocurrency should be legalized or what, after they have weighed and taken both sides into account.

[crzy]

As we all know few countries are banning cryptocurrencies. But are the people aware of cryptocurrencies' existence before it gets banned / legalized in their country?

I think banning bitcoin will have a negative impact on a specific country simply because I believe that bitcoin is our future. Actually a lot of countries are now adopting bitcoin and people should be more thankful because of this. The main concern here is, still not all people trust or know bitcoin so for me public awareness is important.

[ihsanskanzaone]

legalization or public awareness, I chose community awareness because bitcoin growth is so fast without government help that bitcoin does not require legalization to flourish but it is with this community consciousness that has made bitcoin development to this day. Bitcoin also does not require the government to regulate bitcoin because of the identity or characteristics of bitcoin that keeps its users secret, freedom of transactions and freedom in managing the economy freely without government intervention.

[stompix]

Who's banning crypto? All countries are implementing it and making relevant laws.

A lot of countries are against it, although I must say most are 3rd world one stuck in the stone age.
Beside that, nobody is really "implementing" it they are just regulating bitcoin payments.

Bitcoin also does not require the government to regulate bitcoin because of the identity or characteristics of bitcoin that keeps its users secret, freedom of transactions and freedom in managing the economy freely without government intervention.

Bitcoin needs the government not to act against it.
Nobody gives a damn if Morocco bans bitcoin payments but can you think what would happen if the guys in the US would wake up same day and decide the same?

I think banning bitcoin will have a negative impact on a specific country simply because I believe that bitcoin is our future.

If that country is US, Germany or UK it will hurt far more BTC than that country economically.

[meer45]

Public awareness has to come first. Increased public awareness will lead to more people investing in bitcoin, forcing governments' hand to legalize cryptocurrencies, because people will start to take their money off the grid. If people are not aware of bitcoin to the extent that they start investing in it, governments will feel no need to legalize it, since bitcoin's impact on the economy as a whole will be negligible.

[mamesso]

for a digital currency that is still banned any country, I think only a few percent who know the existence of cryptocurrencies. cryptocurrency is still a lot of trouble to fix so that a country recognizes it. 

Including my country, they do not understand that bitcoin is a useful technology. they are too afraid of losing taxes.
Even helping the country to reduce unemployment, I do not know it might take 4 more years The government will accept Bitcoin as a legitimate currency to trade.

[bamboylee]

As we all know few countries are banning cryptocurrencies. But are the people aware of cryptocurrencies' existence before it gets banned / legalized in their country?

If it is getting banned, then I think there is already a considerable number of bitcoin or crypto users in that country for the government to notice it and act on it.

As for the poll, I think we should consider awareness first. We should make more people aware of bitcoin, especially the positive side of it. Most people who are not really into crypto only get negative side of bitcoin. But we should show them that there is more to bitcoin and crypto than just a currency used in underground markets and scams. This step will also have a positive effect if ever the government decides to legalize or regulate bitcoin.

[ennovy22]

Who's banning crypto? All countries are implementing it and making relevant laws.

A lot of countries banned crypto and bitcoin. They are afraid that they lose the taxes that every person in that particular country should donate. Legalization and public awareness is both important. But first they should be aware what bitcoin is, how helpful bitcoin is and what are the importance of bitcoin. After that if people agreed with that public informing/awareness then the government will legalize BTC. Not all countries implementing it because the people who lives there didn't agree or maybe it's just their government doesn't want it to enter their country because it might be a cause of crimes.

[ksgerb]

Well cryptocurrency is not consider illegal in my country so legalization is not necessary (yet) but not too many of my countrymen have cryptocurrency knowledge so I think there should be awareness program needed.