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Author Topic: Bitcoin legal and illegal countries  (Read 2286 times)
Baimovic
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February 07, 2018, 01:29:09 PM
 #21

wow. I do not think that there are many countries that legalize bitcoin. this is a very good development.

and will contribute both to the value and selling of bitcoin and also for the crypto world.

but I do not see the country of Indonesia, do you know when Indonesia will legalize bitcoin and crypto? because in secret, the government of Indonesia saving stock in Ripple.

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cryptobd86
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February 08, 2018, 06:31:53 AM
 #22

wow. I do not think that there are many countries that legalize bitcoin. this is a very good development.

and will contribute both to the value and selling of bitcoin and also for the crypto world.

but I do not see the country of Indonesia, do you know when Indonesia will legalize bitcoin and crypto? because in secret, the government of Indonesia saving stock in Ripple.
That's why new people are here and given for those who do not know. However, some countries have recently been banned. These are not added, but I try to share my interest with bitcoin so if you find something useful, then everyone benefits.

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February 09, 2018, 07:42:08 PM
 #23

Bitcoin has countries with legal incentive regulations, as well as countries that have decided to ban. In some countries, mining activities are highly developed. Some countries that are small and not modern look cold.

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February 09, 2018, 08:10:12 PM
 #24

Maybe will some get me wrong and I realy don't like to offend anyone but if you look the list of countries that don't support Bitcoin or even ban it they are completely irrelevant. Maybe there is some strong Bitcoin community but in global ratio those countries can't influence cryptocurrency significantly and their attitude to Bitcoin doesn't create cryptocurrency policies.
I still keep my attitude that modern and civilized countries will not ban Bitcoin and that is the most important.

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cryptobd86
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February 09, 2018, 09:41:28 PM
 #25

Maybe will some get me wrong and I realy don't like to offend anyone but if you look the list of countries that don't support Bitcoin or even ban it they are completely irrelevant. Maybe there is some strong Bitcoin community but in global ratio those countries can't influence cryptocurrency significantly and their attitude to Bitcoin doesn't create cryptocurrency policies.
I still keep my attitude that modern and civilized countries will not ban Bitcoin and that is the most important.
I have taken the help of internet for complete information.
https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

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February 09, 2018, 09:51:27 PM
 #26

Maybe will some get me wrong and I realy don't like to offend anyone but if you look the list of countries that don't support Bitcoin or even ban it they are completely irrelevant. Maybe there is some strong Bitcoin community but in global ratio those countries can't influence cryptocurrency significantly and their attitude to Bitcoin doesn't create cryptocurrency policies.
I still keep my attitude that modern and civilized countries will not ban Bitcoin and that is the most important.

I agree with you. Most of the countries who do not accept bitcoin yet are countries with bad economies. Well developed countries are more user friendly towards bitcoin. Bangladesh and Bolivia really ? Aren't these two countries two of the most poor countries in the list on this thread ? They cannot do any harm to bitcoin, they are only harming themselves. Bolivia is the extreme case which doesn't let people mine , probably this government want to keep the citizens as poor as they can. Just go watch some documentaries about Bolivia to see how in bad shape this country is.

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cryptobd86
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February 09, 2018, 09:55:01 PM
 #27

Bitcoin in Morocco
Bitcoin and other cryptocurrency transactions were officially outlawed in Morocco in November 2017 seemingly in response to a major Moroccan digital services company, MTDS, announcing a few days prior that it would begin accepting Bitcoin payments.

Sending and receiving payments via any cryptocurrency in Morocco is punishable by fines.

Bitcoin in Bolivia
Cryptocurrencies have never been legal in Bolivia and the government has been known to enforce its anti-Bitcoin stance rather firmly. People caught using Bitcoin and other cryptocoins can be fined and a number of users have even been arrested on more than one occasion for trading and mining Bitcoin.

Bitcoin in Ecuador
Ecuador outlawed Bitcoin and other cryptocoins in mid-2014 as part of its financial reform plans.

The ban on Bitcoin was seen by many as a way to reduce competition with the country's own digital currency system (Sistema de Dinero Electrónico). This official Ecuadorian currency isn't a cryptocurrency and isn't based on blockchain technology. It's simply a digital money solution based on traditional money and valued after the American dollar.


Anti-Bitcoin laws don't appear to be too strict in Ecuador as there are still several ways to buy and sell Bitcoin and other cryptocoins domestically. Enforcement isn't as strict as other countries like Bolivia and Bitcoin is seen as something that might be technically illegal but is still used by a small number of the population.

Bitcoin in China
The trading of Bitcoin and other cryptocurrencies was banned in China in September 2017. Due to the technology being so popular in the country before the ban though, the change in law hasn't ceased its use completely and many Chinese people continue to trade cryptocoins via in-person trades and chat apps like Telegram and WeChat.

The Chinese government appears to target professional cryptocurrency trading companies over individuals.

Bitcoin in Nepal
Nepal's stance on many aspects of Bitcoin and cryptocurrency is a little ambiguous however it has been confirmed that the trading of Bitcoin is considered illegal following several arrests of Bitcoin traders in 2017 that resulted in a combination of fines and jail terms for those involved. Attempting to use Bitcoin and other cryptocoins in Nepal is not recommended.
Recently, some countries are banned by Bitcoin. Which did not come to my list.

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February 09, 2018, 10:34:20 PM
 #28

It's no use arguing about what countries have legalized cryptocurrencies and what countries have not. The point is, that we can see lots of countries already accept cryptocurrencies, just a few do not accept. But in the long run almost every country will accept this new technology. However, there's a huge difference between accepting and legalizing. Governments will legalize and regulate, governments accepting crypto could do this without regulations and that's what crypto is about. But of course, governments want regulations in order to keep control and that's what crypto is against. Cryptocurrencies should be decentralized, but governments will not accept that.

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February 09, 2018, 11:24:03 PM
Last edit: February 09, 2018, 11:59:52 PM by Jjunpat
Merited by kissmarx (2)
 #29

Bitcoin in my country is already use by some affiliated exchange center or even some banks where we can buy or sell bitcoin and exchange BTC to our monetary. I tried it also but I could not say its legal because in our newsbreak late last year our government has been on process to legalize bitcoin as a security comes after much consideration and monitoring along with consultation with its central bank. So as of now bitcoin was not control by our government and central bank.
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February 10, 2018, 12:41:37 AM
 #30



                         Most of the industrially developed countries are accepted bitcoin and made it legal by studying the merits and demerits  out of it.
USA, UK,Canada, Germany, France, Australia, Belgium, brazil, Denmark , Hong kong,Israel, Italy Japan,New Zealand, Norway, Poland, Singapore,Spain,
South Korea,Switzerland,Sweden, turkey, Slovenia,Ukraine, cyprus, czech Republic,etc.
Mean time the socialistic blocks are still to accept fully such as Russia , China ,Vietnam,Bolivia,Kyrgyzstan Ecuador Cambodia Bengladesh, Nepal ,Ice land etc are not permitted bitcoin to operate their country.
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February 10, 2018, 07:11:16 PM
 #31

Although bitcoin has been in existence for five years, most countries still do not have consistent laws regulating the cryptocurrency.
Bitcoin been around more than 5 years. If you were to tell an agent that you are using Bitcoin then you still might get watched.

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February 16, 2018, 09:53:20 AM
 #32

many Chinese companies that produce goods using the scheme [money laundering through trade], now prefer calculations for bitcoin. Bitcoin is widely distributed in China, because it can be used to anonymously transfer values ​​abroad, bypassing China's control over capital.
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March 02, 2018, 12:38:04 PM
 #33

Bitcoin fell in early 2018, but that does not mean that it will disappear completely, it's just a chance to purchase.
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March 02, 2018, 01:09:01 PM
 #34

every state government has different considerations about the legality of bitcoin but i don't think this is an obstacle to bitcoin progress in the future, even though there is currently a slight fall in the price of bitcoin but i remain optimistic that bitcoin will continue to grow as the popularity increases
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March 02, 2018, 01:33:15 PM
 #35

Good info thanks alot for sharing very good info for all bitcoin forum friends specially for newbie. I am sure one day all countries will legalize the Bitcoin for their boosting their economy.

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March 03, 2018, 02:13:17 AM
 #36

Bitcoin is legal or illegal it varies on the different countries laws and popularity among active user. the countries accepting bitcoin as legal and illegal currency.The legal status of Bitcoin varies significantly from country to country .Following is a list of countries where Bitcoin is legal : Australia Belgium, Brazil, Canada, Colombia, Croatia Czech Republic, Cyprus, Denmark, France, Germany, Hongkong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Poland, Singapore, Slovenia, South Korea, Spain , Switzerland, Sweden, Turkey, United Kingdom United States,In several parts of the entire world bitcoin is fairly welcomed,few countries which banned bitcoin due to volatility, decentralized character, countries like Iceland, Vietnam, Bolivia, Kyrgztan ,Ecuador, Russia and China.
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August 16, 2018, 10:50:55 AM
 #37

Bitcoin is legal unless you use it in illegal ways like scam people or something to that extent.
As far as I know, governments have no power over Bitcoin. It has also been said that Bitcoin wallets are very secure/private, so it would be really difficult for anyone to monitor them in case something illegal is going on.
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September 02, 2018, 11:12:19 PM
 #38

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...


The legality of bitcoin depends on the government of their own country. If they think that it will not help their economy, and it will just help their people to be in illegal transactions then they will ban it. But some countries like those in your statement have a positive mind about bitcoin.

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September 02, 2018, 11:57:37 PM
 #39

There are many countries that don't want to legalize Bitcoin to their country. There are many countries nowadays that really don't want to use Bitcoin. But in totally, Bitcoin is really big help for every country, specially to the financial problem.
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September 04, 2018, 03:40:35 PM
 #40

Bitcoin is popular dsy by day.now the question is which country legal bitcoin or not.many people like the web market this market will build the economy strong. so that country given the legal permitted to buy or sell bitcoin.
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