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Author Topic: Will Bitcoin get legal legalization of all the countries on any given day?  (Read 329 times)
nabilanur (OP)
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December 11, 2017, 08:49:23 PM
 #1

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
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December 11, 2017, 09:40:39 PM
 #2

I'm not sure how you could have an illegal legalisation, but regardless, almost all countries consider BTC to be legal anyway.  IIRC it's legal everywhere except Ecuador, Bolivia and a couple other relatively small states.

If you mean regulation or recognition, that's pretty much irrelevant.  If anything, it can be inconvenient since it pressures BTC users to abide by KYC/AML regulations.

Regardless, if someone wants to use BTC in the states where it's illegal, they most likely will anyway.  The people that they'll scare away will be the users that aren't criminals - the criminals that they're scared of will stick around.

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December 11, 2017, 10:12:22 PM
 #3

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.

I doubt it will happen in a single day unless and until UNO is involved in it. Even though UNO can only make recommendations but can't force any country to adopt and make it legal. A country's government needs to be progressive to accept bitcoin. What Japan has done is remarkable and can't be done by all other countries at this point. Accepting a decentralised currency in to a strict centralised system, is a hell of a job. It won't happen anytime soon and definitely not on a single day.

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December 11, 2017, 11:57:17 PM
 #4

While that's something that we'd be totally happy to hear about, the sad truth is it can't happen soon enough.
First of all, governments at least have seen the potential crypto has during the past few years and they probably understand that the money they print is worth nothing if compared to one bitcoin for example.

And that's just in 3 years of slow growth and 3 months of craziness. What would happen later on ? Will their currencies become obsolete ? Will banks shut down ? Will we start becoming humans again and control our own fate and have REAL financial freedom ?

Well if we know one thing, it's that neither do the governments or the banking system in general would ever want or allow that to happen easily. They won't let the main weapon they have and control just become thin air. The whole world is under their control. Who would give up such a position ?

I'd say the current situation is "silent mode". They can't make it legal or even speak positively about it as this will gradually lead ot what I just talked about. But they don't WANT to make it illegal as well just like that right of the bat.
My guess is they're studying more about it and if they can actually benefit from it and somehow preserve their power. It's not wise to just reject something new. That's why they're probably doing more research about in every angle. And their researches are a bit different than ours.

They might be thinking of ways to make it legal but they're concerned about stuff like "how can we trace crimes". Maybe make it legal only through certain traceable wallets or something. I'm not sure but we just have to wait and see what they come up with.
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December 12, 2017, 12:00:34 AM
 #5

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
I think it is impossible to happen now since some of the countries in the world already banned bitcoin in their place. Maybe what will happen in the future is, more countries will accept or legalize the idea of bitcoin in their country. In that way, more people will have an idea about bitcoin and other cryptocurrencies. Most of the people will have the capability to earn their own money and resolve their financial needs.
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December 12, 2017, 12:15:46 AM
 #6

I'm not sure how you could have an illegal legalisation, but regardless, almost all countries consider BTC to be legal anyway.  IIRC it's legal everywhere except Ecuador, Bolivia and a couple other relatively small states.

If you mean regulation or recognition, that's pretty much irrelevant.  If anything, it can be inconvenient since it pressures BTC users to abide by KYC/AML regulations.

Regardless, if someone wants to use BTC in the states where it's illegal, they most likely will anyway.  The people that they'll scare away will be the users that aren't criminals - the criminals that they're scared of will stick around.

I got your point as crypto being made for such a purpose of convenience anyone would consider it as legal even without declaring it.
And since that some countries are very into it, governments are scared that banks will be disregarded in the future. That is why they ban bitcoin.
Nevertheless, it is also nonsense. For users may have lessen but this wonderful creation will be out is hands if criminals. That that would be destroying the ecnomy of every country more.
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December 12, 2017, 12:23:55 AM
 #7

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
I think that bitcoin can reach in bigger possibilities that it may ligalized in all country because bitcion has already existing nowadays. All because because bitcoin was consider as a currency in many country that promotes ligalization to other country.

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December 12, 2017, 12:28:12 AM
 #8

I hope not.  There isn't much good that comes from government intervention.  I'm sure though we will see increased scrutiny of cryptos and especially the pushing of know your customer BS. 
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December 12, 2017, 12:38:09 AM
 #9

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.

Not all since a lot of the governments of every country are having a thought of bitcoin being a threat to the economy in the future. But I think it will still be good since people will be still using bitcoin unless the crypto currency was banned in that certain place or country. There are some countries that are starting to regulate bitcoin, it may be a start for them but the others already banned bitcoin.

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December 12, 2017, 12:59:33 AM
 #10

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
Will it is possible now that Bitcoin demand is high and have already trust by people government maybe will consider thr fact that it was  in demand and trusty by people. If this also happen maybe Bitcoin price or value will become stable. Bitcoin has benefits not only on investor but maybe also on government if they legalized Bitcoin in their country. Maybe thid happen in 2020 if Bitcoin demand still high and rises unexpectedly.
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December 12, 2017, 02:13:15 AM
 #11

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.

Simple Answer : No.

There are totalitarian regimes all throughout the world that would not allow their people to operate with any currency or consent to any trade that they themselves can not tax, tariff or forbid. As long human nature remains the same and there are people mad-hungry for power these sorts of governments, totalitarian regimes and feigned democracies will exist and they will continue to limit the access and power of those beneath them. Some will see bitcoin as a threat and suppress it to the best of their ability.

I do not see North Korean citizens having bitcoin anytime soon, please correct me if I have misspoken, but it seems that only developed/developing countries will even attempt to legislate anything to do with bitcoin. There will never, in my opinion, be a day where bitcoin is legal world-wide universally; just as I don't believe there can ever be world peace.. There are powerful and conflicting ideas and narratives at play.

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December 12, 2017, 02:28:38 AM
 #12

This is a great goal, but at least it seems out of reach. You can see in Asia, except Japan, almost all countries are very vigilant for bitcoin, and even issued a temporary restrictions.
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December 12, 2017, 03:49:18 AM
 #13

I think government will no legalize it, as long as they cannot tax it in an easy way.

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December 12, 2017, 04:00:49 AM
 #14

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
some countries not let their currency beaten by bitcoin. like in my country, government not legalize bitcoin as payment maybe because they want their people only use our own currency

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December 12, 2017, 04:12:35 AM
 #15

Not all the countries offcourse!

When there are countries like China they strive

To gain power over everyone and then they tend to

dominate everything thus they start regulating the major

 things that comes in their way, but then again bitcoins are

non centralized thus they cannot be regulated legally and

 using wrong methods will cause the cryptocurrency world

to crumble in itself, now this legalization cannot be

attained globally.

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December 12, 2017, 06:47:07 AM
 #16

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.

why we need legalization of bitcoin, my country ban bitcoin and i sell/buy bitcoin using internet in safe way.

it is "digital" money no one can stopped it
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December 12, 2017, 06:48:08 AM
 #17

they just made it illegal in my country last week
im still angry about it
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December 12, 2017, 07:13:48 AM
 #18

what I do today is stick with bitcoin, and continue to make good contributions to bitcoin, and also I try to share my knowledge with others about the positive bitcoin thing.

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December 15, 2017, 08:43:50 PM
 #19

they just made it illegal in my country last week
im still angry about it

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December 15, 2017, 09:00:04 PM
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All the countries recognizing bitcoin during the same day? Kind of doubt it, in my opinion it'll keep going like currently, country after country recognizing bitcoin as fully legal on respective dates. Not saying bitcoin is illegal in any of those countries that fit this criteria, it's just that in the light of the law it isn't percieved as neither something illegal or legal. Right now we're on a good way to having an international recognition of BTC, just give it two or three years.

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December 16, 2017, 07:55:08 AM
 #21

Becoming bitcoin as a digital currency and legal tender throughout the world will take quite a long time due to the unusual and novelty of such money. Moreover, the crypto currency is very volatile and its jumps up and down scare economists and bankers of different countries who are accustomed to reason about the fact that money likes peace and smooth growth. Therefore, the recognition bitkoyna in the world will be long and ambiguous.
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December 16, 2017, 08:16:13 AM
 #22

The process of legal legalization bitkoyna, apparently, will take quite a long time. Some states still can not decide how they should treat bitcoins and other crypto currency. Bitcoin sharply increases in value, showing greater volatility. State structures do not yet have experience in using such a decentralized, relatively anonymous currency, expressed in the digital code and, moreover, the most expensive in the world in value. Such novelty simply frightens them, they can not control such currency. Bitcoin and other crypto currency will be firmly established as a means of payment after the industrially developed and powerful states are the first to recognize it as legitimate money and this process seems to be coming to an end.
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December 16, 2017, 08:22:21 AM
 #23

Maybe you have put it wrong way, legalization in one particular day will not happen. But what might happen is that group of countries decide to regulate bitcoin. For example within European Union directives are acts that regulate certain areas and they aply to all countries within EU equaly.
I think that will happen with bitcoin too. Directive will be written that will regulate bitcoin and all other cryptocurrencies on the EU teritory and to my opinion this might happen rather soon.

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December 16, 2017, 09:52:32 AM
 #24

there is no given day, but it will be happen soon, the acceptance of bitcoin worldwide is slowly/hard to implement, other countries are eyeing/observing these bitcoin from the past year. so some of these year, more and more countries are getting involve in this bitcoin and announce their support in bitcoin, meaning sooner or later other countries are got accepted/adopted this bitcoin, but without given date.
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December 16, 2017, 10:16:10 AM
 #25

Still now it is impossible that the all countries legalize the bitcoin. It take time may be within 10 years, we will see something like this happened and bitcoin will be legalize in this world. But step by step it will happened, it doesn't mean that in a day all over the countries legalize the bitcoin. 

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December 17, 2017, 06:23:45 AM
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Despite the fact that bitkoyn has recently risen in price and has become the most expensive currency in the world, the process of its formation and distribution in all countries is still ongoing. Due to the unusual and revolutionary nature of the crypto currency technology, not all states have yet decided how to treat it, and some see it as a threat to their economy, or warn of the possible risks associated with its circulation. Therefore, the legalization process bitkoyna take a long time, but still such a time in the near future will come.
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December 17, 2017, 06:25:29 AM
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Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
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December 17, 2017, 06:28:51 AM
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Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.

I’mrrally counting that a kajor country or a major power in this world would have a formal speech or message about butcoin and cryptocurrencies and open his or her borders to it. WITh that one actuon a lot could change and everything can be possible

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December 18, 2017, 10:15:02 AM
 #29

almost impossible for bitcoin to get legalization from all countries. Because each country has its regulation related to the existence of cryptocurrency.
many of them do not want bitcoin aligned with their currency and also bitcoin is prone to money laundering.

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December 18, 2017, 10:18:47 AM
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Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.

it could be in most countries i think, but  it will be subject for too much regulation so that the government can take some shares out of it,  because if government cannot take profit out of it, they will surely ban it or consider it illegal in the first place.

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January 15, 2018, 07:13:18 AM
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Technically speaking, Bitcoin is considered legal since they are doing their own transactions and they act independently, although the government doesn't gain any profit from them.
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January 15, 2018, 07:41:57 AM
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Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
I do not think it will go according to what we expect. but most likely someday there will be more countries that legalize bitcoin than those that prohibit it.
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January 15, 2018, 07:50:47 AM
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Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
I do not think it will go according to what we expect. but most likely someday there will be more countries that legalize bitcoin than those that prohibit it.

I don't expect a global consensus of bitcoin for me to use my bitcoins and so no matter what the governments of the world might do either by legalizing its usage or not i will still use it just like many others around the world to improve my life in whatever capacity i may find it needful.
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January 17, 2018, 04:02:50 PM
 #34

Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
There are still few government  that has legalized bitcoin in their respective countries and enjoying the digitalization in their countries. Due to several political issues, the legalization of bitcoin has not yet confirmed but in the future the conditions could be different because bitcoin provides several opportunities to build a very successful future and BTC is still providing employment to millions of people. I guess all these benefits could convince anyone and government would surely legalize bitcoins.
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January 17, 2018, 04:10:38 PM
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Still now bitcoin can't get opportunities to get all countries legalization.What do you think, can bitcoin do this?Please tell your own opinions.
I think it would take some time for Bitcoin to be legalized in all Economies. For now, most countries perceived cryptocurrencies in general and Bitcoin in particular as something that may promote illegal transactions, criminal activities and fraud when it is allowed as a medium of exchange. However, Btc has no link to these nefarious acts but will take sometime for people to get enlightened on this fact
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