Bitcoin legal and illegal countries

[alonelyorange]

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

[maldini]

As time goes by, bitcoin will become legal throughout the world, because the state cannot stem the increasingly rapid development of technology, whether they want it or not, they must follow the existing developments.

[Dondisimo]

This list is constantly being corrected, because the opinion of the government of different countries is constantly changing. But I hope that in the end the vast majority of countries will accept bitcoin and will use it for its intended purpose.

[Sumo]

It is a pity that not all countries dare to overcome internal skepticism and introduce cryptocurrency on their territory. But I think that with the development and improvement of technology, the number of legitimate countries will increase

[mersal]

It is a pity that not all countries dare to overcome internal skepticism and introduce cryptocurrency on their territory. But I think that with the development and improvement of technology, the number of legitimate countries will increase

In some countries Bitcoin will be legally used by people and they are getting much more efficient we are using them as their normal life but in some countries it will be not approved by the government of that country so it can be changed to approved by the uses of Bitcoin to be normal for all people who are using it because if we legally use the currency it will not good for us and also that country so what is my opinion is the Government of all over the country will definitely think about the legalization of cryptocurrency soon.

[Patron92]

I hope that the countries that today announced a complete ban on the use of cryptocurrency will still reconsider their decision and in the future will introduce bitcoin.

[bitvelk]

Bitcoin is really developing not so much time, and it is normal that not all countries have decided to use this innovative technology. We just need to wait a little longer.

[Colan Zolo]

As time goes on, bitcoin can definitely be accepted by countries with medium economies, this will open up a vast free market that occurs so that all can benefit from bitcoin. Bitcoin will continue to call for this transaction tool to have effective and fast and effective functions.

[Cryptoprimes]

Bitcoin is really developing not so much time, and it is normal that not all countries have decided to use this innovative technology. We just need to wait a little longer.

That's true. Gold standard evolved for decades till it was accepted by everyone. And the price of gold was the same volatile. I believe Bitcoin can become a new gold to value currencies and other assets. The governments should accept electronic standard as the new era of economics.

[Royal Jelly]

The government really has to consider new digital gold so as not to miss it, bitcoin runs slowly but surely. The government that prohibits must be able to accept and provide support because all of this will have a good impact on the people.

[RareFortune]

I just hope it'll be legal to Asia where I am in most of the time.

Bitcoin is legal in most countries in Asia and some are still in progress for regulation so it will take some time before the fully adoption on this continent and I strongly believe it will happen soon because Bitcoin became the trending topic in financial industry.

[Marbelli]

As we see, Bitcoin does not accept poor countries and this gives us many answers to our questions.

[TopT3ns]

I just hope it'll be legal to Asia where I am in most of the time.

Bitcoin is legal in most countries in Asia and some are still in progress for regulation so it will take some time before the fully adoption on this continent and I strongly believe it will happen soon because Bitcoin became the trending topic in financial industry.

In my country there are no regulation for crypto. But it is still better than make crypto illegal and people can't use it. But maybe if my country can accept it, it will be very good because i see a lot of people very anthusiast with this kind of business.

[Artemis3]

The central bank of Trinidad & Tobago doesn't like bitcoin, still the gov stance is neutral. Its gray at best, unregulated, but they have warned about scams going on etc. Mining is not a problem, electricity is cheap.

Venezuela has not adopted bitcoin. They showed a friendlier attitude in 2018, mostly to support their state centralized attempt at a crypto currency, which resulted in Petro, which has been completely changed at least three times. Its currently a Dash clone modified and absolutely centralized. You have to understand that the gov officials and authorities are very corrupt and there have been several cases of extortion and kidnapping, simply because those involved in mining operations tend to be wealthy. Mining is not supposed to be illegal and was even welcomed by the gov at some point. Buy and sale of bitcoins is mostly done to evade the gov draconian controls to foreign currency exchange. Mining is world's cheapest, but blackouts are common. There is also a hyperinflation crisis going on, the economy is very distorted. Somethings are very cheap, somethings cost triple the international price...

[bitbunnny]

I think that we have to make distiction among countries that regulated Bitcoin and those who didn't. But that doesn't mean that in countries who don't have Bitcoin regulation the use of Bitcoin is illegal, so against the law, it's just not regulated. Also, I'm not aware of countries who declared Bitcoin formaly illegal, so against the law and thus punishable. But at the moment I would say that in most countries the use of Bitcoin is somwhere in the grey zone because most governments are still not sure how to deal with Bitcoin.

[whirlcoin]

I think that we have to make distiction among countries that regulated Bitcoin and those who didn't. But that doesn't mean that in countries who don't have Bitcoin regulation the use of Bitcoin is illegal, so against the law, it's just not regulated. Also, I'm not aware of countries who declared Bitcoin formaly illegal, so against the law and thus punishable. But at the moment I would say that in most countries the use of Bitcoin is somwhere in the grey zone because most governments are still not sure how to deal with Bitcoin.

Some countries will not accept Bitcoin or other cryptocurrency us to be legally used by the government because of their economic situation is like that they cannot do anything against the banks and the government that's why Bitcoin will not be legalised in some countries but some countries will allow some of the cryptocurrency to be used by the people so it is also healthiest thing for the country to develop more quickly

[.cryptokiller]

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

[teejayrichard2]

i dont know where you got your information from or just based on speculation because i am based in Nigeria and till date Nigeria government has said nothing about bitcoin. They dont care or are not concerned whether you purchase bitcoin or not. but that doesnt mean they have made an announcement saying it is accepted. so where did you get your information from

[shoreno]

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

for your information bitcoin is already legal on majority of the countries . i think there are only 4 to 5 countries left that doesnt legalize btc due to some reason not just because they dont understand on how to use it but maybe they arent overwhelm about how crypto works because we know that we arent able to pay taxes when we use cryptos  . and maybe they only want to protect the people of thier country from scammers and other online crimes  .

[FUD Expert]

These countries who stated that bitcoin is illegal are like North Korea. They will oppose to what other countries like but in the end they will also agree to adapt and follow. I'm pretty sure it will happen because fiat was also not accepted long time ago and only trading using gold, metals and precious items.