Should government consider bitcoin as a legal global currency?

[RolandoBTC]

Here in philippines it is now legal some banks are already supported and   make bitcoin as a partner to help the uses to change crypto into fiat in an easiest way,and so for many other things that uses cryptocurencies.

[Glorypaasa]

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 really don't know if the government here in my country are ready for that but in some reason they'll make a regulation about bitcoin and I think this is a good start because there's a chance that bitcoin will be legalize here and I'm sure the government of the Philippines will have a plan on that because bitcoin is really big help for my fellow Filipinos.

[pekavcilar01]

I do not think governments will legally see crypt money. It's hard to have a common currency when there's so much crypto money.
It's not a bitcoin that's supposed to stay on top of the government and the banks. Blockchain!
With the blockchain base, the technology will go up very high.

[Helex]

It is a very difficult in india to consider as legal currency because india government think that bitcoin will damage their system.so in india it is so difficult to consider as legal currency.

[faithofb]

It will be a welcome idea but based on reality its difficult to happen as most fear the use of decentralized tokens because of the anonymous transactions it is..

[97percent]

If bitcoin has stability of value, has a basis and qualifies as currency then there is no reason for the government to forbid it. And I think that bitcoin should be legalized as the world currency. Because if bitcoin is qualified as a currency it will be better than the US dollar.

[akristofor]

Of course it should, but I guess it won't be in such way. In many countries we can see a dictators, who want to control people there financial system.
In this case I can predict that they will block Cryptos in future, because they are afraid of them.

[Jamjamz30]

The government is still skeptical about bitcoin because its a currency that is out of their grasp to control. But if the government looked at the benefits bitcoin can offer if its legalize they would realize that they would gain more than lose. Legalizing bitcoin can be a huge step to reach higher heights with the platform, bitcoin can act freely if its legalize and users would definitely be benefited.

[PhantomJ]

Of course yes! Firstly, this will positively affect the price and stability of coins. Second, the commission when transferring to another currency is not needed because you can pay for crypto

[Dudeperfect]

Yes, recognizing Bitcoin or cryptocurrencies in the eyes of law would not only help the industry to grow in a structured manner but also it will help the governments to eliminate the negative elements. If someone has the option to purchase or sell Bitcoins through a KYC enabled platform approved by the government then why would someone go with cash transactions. I personally have no issues with the platform if it is sending my wealth information to the government, I don't have issues with taxes too but I need control of my wealth with me and not with someone else.

[Ayiranorea]

It's never considered a legal global currency by most of the governments. Very few governments have given support to bitcoin to be used same as the currency that we use around the world. I never expect government to consider it legal, but I expect governments not to get into the regulating of bitcoin usage which at leads to the drastic fall of the market.

[Genamant]

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 better if the government considered bitcoin as a legal currency as it is globally used already and it eliminates people hiding from the government about using bitcoin as an investment or work for daily needs or for payments or for anything legal.

[Aztek]

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?

There are still a lot of county or government that is against the bitcoin and dont trust bitcoin as it obviously can be a part of illegal transactions in all over the world and already use in the black market but obviously if the government allow the bitcoin in many places the bitcoin will surely be the number one currency in the world surely the price of bitcoin will rise and obviously it is a very good investment for us and also great system can be use by all of the people.

[wasaisi]

The thinking of every government is different, at least one receives bitcoin. Because it seems to me very good to receive bitcoin is good for bitcoin holders and also for the government. Because mutual benefit.

[Crypto24hrs]

I totally agree to the opinion that governments should consider bicoin as a legal global currency reason been that even without governments approving it as a legal global currency almost all the countries in the world are using it as a means of exchange, so governments have no choice than to accept the ugly reality that bitcoin have come to stay and acept is as a global means of exchange.

[Mr.Dick]

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?

To me Bticoin is a legal currency, just becuase it is commonly accepted as one, no matter what govs are saying..

[dupee419]

I do hope so bitcoin gets legalized in my country, as of now it is standing neutral though It is also gaining alot of attention in my country, though I also understand why some countries demands to ban bitcoin, it is because of its anonymity, people can send payments without getting traced, because of this people can buy illegal stuffs which is dangerous because governments would be pressing alot to ban btc.

[crisanto01]

I do hope so bitcoin gets legalized in my country, as of now it is standing neutral though It is also gaining alot of attention in my country, though I also understand why some countries demands to ban bitcoin, it is because of its anonymity, people can send payments without getting traced, because of this people can buy illegal stuffs which is dangerous because governments would be pressing alot to ban btc.

We are all hoping that time will come when our government will consider bitcoin as a legal global currency but we don't really know the exact thing that will happen in the future, hope that it will really happen let us just do our part for that to happen.

[jpespa]

It would be good if bitcoin becomes acceptable currency globally since it is becoming popular form of investment and payment method. If it becomes legal globally then it will greatly affect the bitcoin price since more and more people will join in buying bitcoin.

[crazyaspinoy016]

Yes, But for now in my opinion they will not approved it because they'd lack knowledge of it, they need to educate first to know the pro cons.