Should government consider bitcoin as a legal global currency?

[jlouq]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

[GalahadSeika]

But of course government should consider bitcoin in the near future  as a legal global currency due to the fact that bitcoin is so widespread across the globe and can be used my almost everyone. If Japanese have already done it why can't we? This consideration of bitcoin should put us one step ahead into cashless society. Even if there are risks in allowing bitcoin as global currency I know that someday in the near future there will already have the answer how to fix it.

[paul00]

If Japan has been able to finally legalize bitcoin, it only means that they have belief over it and that it really has the potential for the good of rhe economy. I personally think that government should go along with the step that Japan made for bitcoin since it actually benefits and help people and government legalizing it would improve this community.

[xiaohao111]

I don't think the government will do that.
The government has its own legal tender.
They can control the legal tender.
And bitcoin is the world's.
It's anonymous. The state can't control it.

[mekie]

It would be great, however it is never going to happen for the following reasons:
1. By controlling the money supply governments are able to manage their economies for their benefit (usually at someone else's expense)  
2. The banking industry will fight tooth and nail to stop it as it will cost them a fortune in lost revenue.
3. Politicians and civil servants will hate it as money is power and it will take power away from them.
All of which are great reasons to try to make it a global currency.

[Sexie]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

.         In my opinion , it could be  consider it as  a global currency, to the fact that everybody is using it by big companies and investors. It is just great to be part of Bitcoin world, while all your payments from campaigns Will be transferred or exchanged to loca l currencies. It is something that of course more than currencies, an assets  that you can gain more profits when you are investing in to it

[kinzey]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

For me it would be nice if btc is legalized. The common people would greatly benefit from it and maybe help with poverty and change lives. The big problem though is greed. From people who wants power. They cannot control btc that is why a lot of people think negatively and bad mouths btc and wants it to fail

[xiaopang11]

I don't think the government will do that.
Bitcoin is anonymous and global.
The government cannot control bitcoin.
If bitcoin is the legal tender.
It will hurt their interests.

[Eureka_07]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

It is a good thing to every country to legalize bitcoin as their form of currency. Because once they have pass a law regarding the legalization of bitcoin surely, change within a country will be happened. Reducing of the rates of the unemployment and poverty will be done and the good thing here is it will soon be eliminated if bitcoin will be embraced by a certain country.

[darkangel]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

Bitcoin is widely used in the world. Many people who invest in bitcoin always ask: "Bitcoin is legal?" Due to the limitations of virtual currency management, bitcoin has not been recognized in some countries. I think bitcoin will be legal in the future

[nsasuiteb]

I don't think they don't need to ıconsider bitcoin especiallyı as a legal currency, at the same level with their local currency. But if they consider it as a legal commodity, currency etc. it is good.

[bengca84135120]

Even if the world admits it, China will not admit it. Most bitcoin is in the hands of Europe and America, and once admitted, China will become a slave to Europe and America. China will only develop its own digital currency, controlled by the central bank, and BTC fans will never expect bitcoin to be consumed in China.

[deisik]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

It is not clear what you mean by "legal currency"

Could you clarify your question? If you mean legal currency as in legal tender, this is not gonna happen in the foreseeable future, if ever. First, now when major countries are going to regulate the hell out Bitcoin, the whole idea looks ridiculous (well, at least to me). Second, universally recognizing Bitcoin as legal tender, i.e. at a global level, necessarily means recognizing it as such at a national level but that in effect means making it into another national currency, a competitor to the existing one. Why would any government ever want that?

[zenrol28]

They should be. They are already earning from bitcoin by placing those taxes. That is how greedy governments are. If you do not pay your taxes then you are a criminal to their eyes.

[Prem.Soorajpaul]

This is not possible for the all countries to make it global currency as they can't control it. As of now, no one know who is controlling the bitcoin price and which countries have much bitcoins. countries are thinking about the crypto currency and they are looking the option of their own control crypto currency.

[ClackKendi]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

Currently, bitcoin is not considered legal currency, bitcoin is a reliable virtual currency. Bitcoins are not owned by any country but they are used to pay off in a lot of countries. In the future, bitcoin will be recognized by many countries as legitimate, and if development applications meet the needs of consumers, bitcoin can completely replace the cash.

[rext]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

In 2016, the number of businesses adopting bitcoin has surpassed 122,000. There are many big companies that accept bitcoin. Vd like Dell, microsoft, Dish Network, Expedia, ... japan is very smart when considering bitcoin as legal currency. This helps the Japanese economy to develop

[hachiman13]

In all country's government, it is illegal to create another currency. Bitcoin, being a currency makes it illegal. It just so happens that it is a 190$B market that they need to accept it and subject it to regulation. The problem is, different countries have varying laws and thus makes it complicated to reach an consensus regarding global currency. Imo, it is impossible.

[oviudiu]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

I would love to hear that governments from more and more countries will consider Bitcoin a legal global currency, but of course, that's a thread to their economy, finally the people have the power and there will be some problems.

[laowang666]

Not all governments are friendly to bitcoin.
Many countries ban bitcoin.
They think bitcoin is a scam.
So it's not going to be a fiat currency.