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Dainye_dyep
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February 19, 2019, 05:54:16 AM |
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Bitcoin is becoming popular day by day. Reduce people's interest in easy transactions and price Rise. Some countries questioned the legitimacy and questioned. However, many countries of the world have given legitimacy to Bitcoin. We need to know about this issue for those new people. Those who did not know what to expect and would benefit them. Bitcoin has been given the list of validity and cancellation.
Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
Cambodia...
Those countries who have cancelled Bitcoin into their places maybe still do not understand the essence of Bitcoin which is their right to decide because legitimacy of Bitcoin for them seems to be still questionable. It is hard to explain to them to believe Bitcoin's legitimacy but the good thing we must keep in focus is that there are still lots of countries who still believe into Bitcoin's legitimacy. There is still a long time for them to be convinced whether they will believe or not. |
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joshy23
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February 19, 2019, 07:07:29 AM |
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There are some countries that prohibit the use of Bitcoin, so that Bitcoin becomes illegal in that country, but most countries in the world do not prohibit the use of Bitcoin, so Bitcoin is free to use in that country, as long as it does not violate applicable laws. There are always those who support Bitcoin and there will always be those who oppose Bitcoin, but in the end Bitcoin still shows strength and will never be lost or destroyed from the circulation of crypto currencies.
Got that point., there's really some countries who never intimate with bitcoin transactions as long as they are not breaking any rules inside that place they will not do anything harm, for those who oppose they needed to learned what would be the functions that bitcoin can help them to lessen transactions process and start to believe that it will help them just need to make a good rules basing from its usage. |
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Kocret02
Sr. Member
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Trident Protocol | Simple «buy-hold-earn» system!
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February 19, 2019, 07:24:41 AM |
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legal and illegal bitcoin is something that has become a decision of that country. maybe now we can see if there are legal and illegal countries, but this might change at some time.
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Zeque02
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Platform for Cross Chain Fundraising
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February 19, 2019, 01:18:16 PM |
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I think when we talk about legal and illegal countries in bitcoin is a matter of choice and depends on different company who using it. The way of payment is very easy which only needs few minutes on it as long internet connection have high signal. But it is good to use it with consent to each leaders of the country in order to make it legal. I am sure it will happen soon because bitcoin is popular nowadays.
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kaisa
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February 19, 2019, 01:54:41 PM |
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Last update news about bitcoin in my country Indonesia become legal transaction, last week our government have announced about bitcoin become legal transaction and it give more distributed bitcoin will be on higher price later.
Hi Jimskiy, I have updated information for the legality of bitcoin in Indonesia. Please see this link https://bitcointalk.org/index.php?topic=5101473.0;all there I also provide a link to the legality document along with the rules for creating a cryptocurrency trade exchange. |
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Mcdacillo
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February 19, 2019, 02:52:12 PM |
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Bitcoin is becoming popular day by day. Reduce people's interest in easy transactions and price Rise. Some countries questioned the legitimacy and questioned. However, many countries of the world have given legitimacy to Bitcoin. We need to know about this issue for those new people. Those who did not know what to expect and would benefit them. Bitcoin has been given the list of validity and cancellation.
Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
Cambodia...
In my opinion, the doubt in the legitimacy of bitcoin is a common issue on digital currency since bitcoin and other coins do not have an appereance like the fiat. On my research, there are big countries that consider the bitcoin such a United States, Canada , Australia ans etc. and of course there is also a country that banned bitcoin because of the said issue or they didn't want investors and/or they didn't consider bitcoin for investments such as China, Vietnam, Russia and etc. |
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Mr. Ar_Mongi
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Activity: 332
Merit: 15
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February 19, 2019, 03:09:26 PM |
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Bitcoin is becoming popular day by day. Reduce people's interest in easy transactions and price Rise. Some countries questioned the legitimacy and questioned. However, many countries of the world have given legitimacy to Bitcoin. We need to know about this issue for those new people. Those who did not know what to expect and would benefit them. Bitcoin has been given the list of validity and cancellation.
Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
Cambodia...
If you look at the list of countries abolishing the legitimacy of Bitcoin - it's poor and impoverished countries. The governments of these countries are just afraid that Bitcoin prevents them from controlling people. Bitcoin gives people freedom - the freedom impermissible by the standards of those countries. |
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yrrehc16
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February 19, 2019, 04:33:33 PM |
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As long as the currency has no regulation it will stay illegal to some country.
This is a fact, there are some or there are economy that will be affected if they will let the BITCOIN circulate in their country.
To be safe, they want it to be regulated first!
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kpcian
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July 28, 2019, 05:23:58 PM |
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It doesn't matter which country allows or not, It means they are taking it seriously. Most of the countries have already taken some measures on behalf of the blockchain system. some are taking it as one of the main concern of the monetary sector. So legal and illegal doesn't carry any importance in this blockchain aspect.
Day by day Blockchain system is getting popular around the world and people are also getting involved in this platform for their present and future purpose. So it's a matter of time when Bitcoin and blockchain will be the mainstream for sure.
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abderrazak belkhir
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July 28, 2019, 09:00:03 PM |
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All those countries have dictatorial system...they dont give their people the chance to Exit dependency and this is why they ban bitcoin
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Turk Ace
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July 28, 2019, 10:57:13 PM |
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Goodluck banning bitcoin. Many things are banned yet people still do/use it. It won't change a damn thing. Last update news about bitcoin in my country Indonesia become legal transaction, last week our government have announced about bitcoin become legal transaction and it give more distributed bitcoin will be on higher price later.
woah really ? thats cool . im aware and if im not mistaken , i saw a post last year ( i think ? ) they say that crypto is ban on indonesia but im now happy to see that they are now unbanning cryptos again . this might be the reason on why the crypto market is starting to recover again and not only that , this event can make an influence to the price of cryptos on the latter stage . i just hope that the unabanning of cryptos can also be adopted on other stricter countries that banned cryptocurrencies before . luckily our country is not involved on these restrictions . Actually they don't really ban Bitcoin only the Indonesian government is not responsible for criminal acts on cryptocurrency. Currently, the use of Bitcoin or cryptocurrency in Indonesia is legal, but the government does not recommend that it be used as a payment but only used for Futures Exchange, which is only limited to trading. I think they just say they do not recommend it so there no tears later from clueless people. I mean what else would they say? They wouldn't recommend any other currency but their own. Especially a new currency that is not fiat and traditional. |
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Herros
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Activity: 280
Merit: 10
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July 29, 2019, 01:04:22 AM |
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Coordinating Minister for Economic Affairs Darmin Nasution confirms that Bitcoin Cs or Cryptocurrency still could not be a means of payment in Indonesia. But that legalize only futures exchanges where only limited in futures trading.
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Hallmader
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July 29, 2019, 03:23:41 AM |
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The countries where Bitcoin is legal is rising by the numbers. And it is undeniable that this huge step by these countries will be a basis for other countries to consider the same. By and by, after one country after another legalizes Bitcoin, those which remain against Bitcoin will be finally convinced. The adoption of Bitcoin is the acceptance of new technologies that will push the walls of the playing field farther, giving the people an alternative mode of payment as a result.
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diahsw
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July 29, 2019, 08:56:44 AM |
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Bitcoin is becoming popular day by day. Reduce people's interest in easy transactions and price Rise. Some countries questioned the legitimacy and questioned. However, many countries of the world have given legitimacy to Bitcoin. We need to know about this issue for those new people. Those who did not know what to expect and would benefit them. Bitcoin has been given the list of validity and cancellation.
Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
During its decade of appearance, the adoption of Bitcoin has grown very rapidly. The cryptocurrency with the largest capitalization in the world has been legally accepted in more than 100 countries. While in many other countries, the legal status of Bitcoin is still doubtful or regulated by a number of restrictions. However, there is the most widely used currency in trading fiat-Bitcoin currencies. One of them is the Nigerian naira currency. In that country, Bitcoin has not yet obtained official legal status. But in the fiat-Bitcoin trade, Naira controlled a market share of around 0.03 percent (239.35 BTC). As for countries where Bitcoin is considered illegal, there are not many. Only 10 countries, namely Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam.
While countries where Bitcoin is classified as "limited" there are nine countries. Two of them are the largest countries, namely China and India. The fact that bitcoin can be used anonymously to conduct transactions between users, anywhere in the world, makes it very attractive to carry out criminal activities such as money laundering. So, the government accuses digital currency of being a tool for criminals to buy and sell illegal goods such as drugs or weapons even though it is a false accusation. |
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antisocial77
Jr. Member
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July 29, 2019, 11:39:51 AM |
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This list changes so fast and i think there must be 3rd list for which is legal nor illegal like my country.the longest list should be this.
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Silica NeXus
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boris2470
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July 29, 2019, 02:29:52 PM |
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If current India's crypto story will have a bad ending, then India will need to add to the countries of Bitcoin cancellation ...
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Golftech
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July 29, 2019, 03:05:59 PM |
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The countries where Bitcoin is legal is rising by the numbers. And it is undeniable that this huge step by these countries will be a basis for other countries to consider the same. By and by, after one country after another legalizes Bitcoin, those which remain against Bitcoin will be finally convinced. The adoption of Bitcoin is the acceptance of new technologies that will push the walls of the playing field farther, giving the people an alternative mode of payment as a result.
In anyhow success of bitcoin will push those countries who still unconvinced of this industry, bitcoin will be there to grow as a alternative means for payments a cryptocurrency where people are free to transact directly from wallet to wallet without any interfere from any banking institutions, the usage of this currency if being adopted will lessen the delays of third party services and from that point of views other non believing countries will be convince that there's really a use for this alternative currency. |
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zviadits
Jr. Member
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July 29, 2019, 03:24:08 PM |
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The list of countries where prohibited Bitcoin consists of not the most developed countries. I do not think that there is a large concentration of crypto users, so everything is okay. The main thing that big countries do not prohibit Bitcoin because in case of ban the crypto community will be hard to develop
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HELLOFF
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July 29, 2019, 09:06:03 PM |
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The fact is that we can take for example India and the United States of America, where there are negative statements regarding cryptocurrency. But at the same time, quite a lot of cryptocurrency exchanges and cryptocurrency companies operate in the United States, which already have official registration. And in India, negative statements are supported by negative intentions, which can lead to criminal liability for the use of cryptocurrency.
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Vaskiy
Legendary
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Tontogether | Save Smart & Win Big
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July 29, 2019, 09:33:43 PM |
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Countries keep on adopting bitcoin same time countries keeps reviewing whether it needs to be legalized or not. On the other side there were a set a countries that doesn't give any statement. However till date more countries that stood against cryptocurrency have been getting into regulated use of cryptocurrency. This is a big success. This will continue, and peer to peer technology gets used beyond any kind of restrictions. This way the usage will count.
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