Bitcoin legal and illegal countries

[cfif123]

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.

Your words are also true if the rule of law and legalizing bitcoin are not very easy to access bitcoin in the immediate future and I think it is difficult for bitcoin to enter the developed countries, like this, in my opinion

[maemunah]

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.

Your words are also true if the rule of law and legalizing bitcoin are not very easy to access bitcoin in the immediate future and I think it is difficult for bitcoin to enter the developed countries, like this, in my opinion

your words are correct if that is the sovereignty of the country so we cannot fight the government based on a definite law if we violate the law and that will hinder the entry of bitcoin also in the world of technology today

[ipsec]

I do not believe in this. I mean. Do you really think that the government of at least one country wants to destroy its economy? Bitcoin is created just for this. Deliver us from intermediary. And the state is exactly the same intermediary.
When I hear about the legalization of BTC. I hear about total control BTC.

[Ava Duvall]

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

Asia is doing quite well actually, its making improvements in the right direction, even more people are investing and sooner or later the government will come around !

[playboy654]

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

Asia is doing quite well actually, its making improvements in the right direction, even more people are investing and sooner or later the government will come around !

Yes you are right by doing the Bitcoin legal process then the country will made a huge decision for the development of that country but one thing I will definitely don't know why people are afraid of using cryptocurrency in their life it will be the more complicated questions are only here now.

[hen cet]

when there are many country that will accept bitcoin, it will be more good for them. why? because i think it will give the highest popularity to all people and the price will growing from that factor

Countries that legalize bitcoin are relatively advanced countries, including in the technology, infrastructure, and education level of their citizens. Therefore, acceptance of bitcoin as a digital currency is easily accepted.
While developing countries experience many obstacles in bitcoin acceptance because economic stability and infrastructure are inadequate. Therefore, it takes more time to take policy on bitcoin, until the policy is considered to benefit the government.

[thesmallgod]

Nigeria have remain passive about crypto related activities despite the fact the country central bank of the country had warned the citizen about the risk involve in using cryptocurrency, I do not think bitcoin can be regulated in the the country. The country already have thousand of issue to address aside cryptocurrency. However seeing poor countries in the list of countries that want to regulate crypto make me wonder if the government actually want to improve citizen standard of living. crypto have created more opportunity than some country's government

[Siren]

With this data i guess we will be waiting for the legitimacy here in Philippines,though we are clearly allowed to do whatever we want.with just an advice from the government to invest in our own risk

Depends on how country adopted or accept bitcoin. Not all of country understands and accept digital currency.

This is what happens when a poster don’t spend a minute reading the OP.lol

[apilpirman.bisnis]

My country Indonesia have legal bitcoin as transaction, but so far only for using bitcoin as trading or investing. We will wait when bitcoin become legal transaction payment at the future and will make bitcoin have higher price again.

[iMark]

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.

They understand it, I think the government will not be that stupid by making a ban without clear calculations and analysis, the point is the government wants a win-win solution, not detrimental to the government side, the government just hasn't found a way to do it

[Caladonian]

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.

They understand it, I think the government will not be that stupid by making a ban without clear calculations and analysis, the point is the government wants a win-win solution, not detrimental to the government side, the government just hasn't found a way to do it

Exactly, they wanted to make sure that in each decision to make they will gain, some countries doesn't like independicity, they will do everything in their power to make sure that they have a winning position, they are not new to this as bitcoin already a talk around the mass media's but still they are not
allowing such new payment system without their controls.

We can't easily change their minds, but demands will surely pressure them after more adoptions coming from different countries will be implemented.

[Yamifoud]

With this data i guess we will be waiting for the legitimacy here in Philippines,though we are clearly allowed to do whatever we want.with just an advice from the government to invest in our own risk

Depends on how country adopted or accept bitcoin. Not all of country understands and accept digital currency.

This is what happens when a poster don’t spend a minute reading the OP.lol

Philippines government authorities never thinks for bitcoin's negative impact to the society or in the economic threat instead they just support for these. Just like the other country, people are making this crypto for good and not using it for some acts of illegalities.

[nomenclatur]

My country Indonesia have legal bitcoin as transaction, but so far only for using bitcoin as trading or investing. We will wait when bitcoin become legal transaction payment at the future and will make bitcoin have higher price again.

Bitcoin regulation in Indonesia is still one of the most basic things and is still in the research stage which is actually only done by a number of parties outside the government, and it seems that it does not want to publish to the public more measurably. The government there is still only focused on fintech which is starting to connect with the blockchain. But not too familiar with the other bitcoin business concepts.

[Thyristor]

I don't think Lebanon,India,Nigeria and Croatia is legitimacy countries for Bitcoin. A lot of problems and creating many pressures to banned Bitcoin from government and also banking sectors.

[CryptoLos]

Thankfully those legislation are not coordinated so crypto won't be stopped any time soon. Bankers already lost this war

[Thanasis]

I don't think Lebanon,India,Nigeria and Croatia is legitimacy countries for Bitcoin. A lot of problems and creating many pressures to banned Bitcoin from government and also banking sectors.

If they are not crypto friendly countries then why India implemented a separate group to research about the crypto currencies and their taxation possibilities.So in India or African countries still bitcoin are allowed to use but there is no regulations yet just use it as you want.

[maianh09]

I see the country I live in is on the list of countries that accept Bitcoin. But I assert that this is not true, in my state you are allowed to own it, but ownership activities related to buying-selling or FIAT-Bitcoin-related activities are all considered offenses. So I mean that you were wrong to list it in the list above.

[Akpuv]

I don't know how through the entire information is, but I think you still missed a country among the Bitcoin cancellation countries, North Korea should have appeared in that list. I don't think Bitcoin is allowed in that region.

[kingpin4321]

Most power house country of the would as you can see has no ban what so ever.
But due to religious beliefs some countries has there restrictions concerning bitcoin.
Also countries like the USA and china has some sort of ban on cryptocurrency related sectors like ico, some exchanges, wallet etc

[anehh]

Of the many countries in the world, only a small percentage prohibit the use of Bitcoin. So it's clear that Bitcoin has great power and many countries support Bitcoin. So I'm sure Bitcoin will grow well and finally Bitcoin will become a national currency that is recognized by all countries.