BTMBitcoinVN
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February 14, 2019, 08:21:42 AM |
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giving it a "legal/illegal" tag is pretty difficult. Most places it's regulated according to the financial laws of the country. Some places it's illegal to use to buy goods and services, but it's perfectly legal to buy and exchange the currency.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
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hard to stifle." -- Satoshi
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secondbtc
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SecondBTC - Trade and Earn
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February 14, 2019, 09:20:09 AM |
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BennyK
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February 14, 2019, 09:34:39 AM |
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It is a good decision taken by the Central Bank of India to authorize cryptocurrencies which include Bitcoin. I hope the neighbouring countries and allies will follow the same path as Bitcoin and cryptocurrency raise the economic status of the people of India. |
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BlackPanda
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February 14, 2019, 09:59:03 AM |
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According to my understanding no country has strictly banned bitcoin with any kind of low but there are some countries like India, Sri Lanka who have gone to extreme extends using media and other sources to avoid there citizens from using bitcoin or any other cryptocurrency because they believe it will make bad effect to there economical system and some has an open mind regarding bitcoin like Japan and Switzerland and the number keeps increasing in the world because now many understands benefits they can gain by using cryptocurrencies
Illegality is caused by fears that it will affect everything that applies in their country, but I believe they are unable to monitor bitcoin users because of too free internet use. But there are indeed things that cannot develop in this country such as public discussions and the development of tiered education regarding crypto assets. That is certainly very influential because it can make a change in the public stigma towards crypto. it has a big impact because it can also affect prices globally. Support is necessary because when there is no support, crypto can lose prestige and the price will decrease. |
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cryptomaster420
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February 15, 2019, 10:11:48 PM |
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A large portion of the countries you listed are European, and most European countries have an upper limit on financial transactions - beyond which it's illegal to transact via anything but bank wire - and you may be sued for money laundering otherwise.
I suppose it doesn't count if you move your bitcoin between exchanges, but you can't purchase a car/house with bitcoin there.
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BLAST2MARS
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February 16, 2019, 12:32:08 AM |
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I believe that there are much more undecided countries about the bitcoin and altcoin than countries that have made it illegal. And another point is that most of the countries that have made it illegal does not welcome other countries for any deal or partnership with other countries in the first place. In short, they only care about theirselves and closeminded people.
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n0ne
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February 16, 2019, 12:42:19 AM |
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Years back when inflation headed up in Zimbabwe experts came up with a suggestion stating adoption of cryptocurrency could let them get rid of the economic crisis. By that time the acting government wasn't able to make good decisions, but just think of Venezuela. They acted at the right time, making it legal will make them the global head in this regard as few countries have got into legal adoption while rest were expected to follow at the earliest.
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Janation
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February 16, 2019, 09:20:03 AM |
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nice list many countries accepted bitcoin, I hope more countries will follow to legalize bitcoin I know many people want to use bitcoin.
Not that many actually. In our country, Bitcoin is accepted or legalized by our government. For some people, it is great news but for most of the people, they don't really care since they don't know what is it or how will they use it. Only a few people know what it is and use it the reason I think even though it is legal to use in our country, it is not that popular. |
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iqlimasyadiqa
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February 16, 2019, 09:44:45 AM |
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In most of the countries, Bitcoin is either officially legal or has legal to trade Bitcoin but only 7 countries banned or canceled Bitcoin and its transactions in that countries. We are living in a country where Bitcoin is illegal.
It really depends on the decisions of government institutions in a country. Legal and illegal decisions are indeed in the government, which is why not all countries have bitcoin legality and some are legally recognizing bitcoin. what needs to be done is support from the public, because when a government gets pressure from the public it can make a different decision. let's support and expand bitcoin together. |
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yvesp110
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February 18, 2019, 06:51:42 PM |
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In most of the countries, Bitcoin is either officially legal or has legal to trade Bitcoin but only 7 countries banned or canceled Bitcoin and its transactions in that countries. We are living in a country where Bitcoin is illegal.
It really depends on the decisions of government institutions in a country. Legal and illegal decisions are indeed in the government, which is why not all countries have bitcoin legality and some are legally recognizing bitcoin. what needs to be done is support from the public, because when a government gets pressure from the public it can make a different decision. let's support and expand bitcoin together. In my country's government, bitcoin is legal, no one prohibits it, but the government does not guarantee that there is no bitcoin money lost or destroyed, but the government has also agreed to have bitcoin in the country. You are lucky if your government is allowing you to use such nice currency where all other coins seems to be ban only bitcoin in my country are allowed to use, so we are investing in bitcoin we are using it to buy goods and we are saving it for our life time savior, those who forbid it only afraid of high bitcoin acceptance and they can see their regular currency in dark. |
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wahyu5
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February 18, 2019, 08:35:27 PM |
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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.
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mapanlah
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February 19, 2019, 01:10:44 AM |
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Bitcoin is a digital currency, it is not included in the list of prohibited items, so bitcoin in any country is legal. the problem is if the emerging country does not support bitcoin to be used as a medium of exchange, but the state still includes bitcoin in the category of assets or commodity items that can be traded.
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Kirito-kun
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February 19, 2019, 02:24:38 AM |
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for some countries that are still lagging behind in the field of education, economics and technology they have not been able to provide facilities and infrastructure especially in the case of the internet, and not ready for global economic developments so as to maintain the economic stability of the country that is still conventional based they do not legalize bitcoin in the country
Indeed, perhaps those countries are not ready yet, or doesn't have facilities to access this thing, or it is out of their priority. Bitcoin has been widely use across the world and that means it also been used in a wrong way which make it notorious and banned on other countries. |
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jimskiy
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February 19, 2019, 02:39:57 AM |
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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.
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hatsuneczelmiku
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February 19, 2019, 02:53:13 AM |
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Well, there are still lots of countries around the globe that banned or have Bitcoin illegal. It is just that I am fortunate that the country where I belong made use of crypto currencies and is one of those Bitcoin countries that get to legitimacy.
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agon21
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February 19, 2019, 02:56:35 AM |
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I think this information is very useful. And I think bitcoin will still grow more than now. Only hope
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kaisa
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February 19, 2019, 04:35:41 AM |
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I think the OP only provides information that is not full, some of the data mentioned has changed. Maybe the most accurate and up-to-date data is on coindance. There provides some information about the rules of bitcoin as money or as a commodity. https://coin.dance/poli |
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shesheboy
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February 19, 2019, 05:09:29 AM |
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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.
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 . |
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mitchr4
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February 19, 2019, 05:23:22 AM |
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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.
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. |
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btc78
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February 19, 2019, 05:42:41 AM |
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I want to know you get the source information from the beginning? I think your information is inaccurate !
For what reason have you said that?as i have checked now the data is accurate so other explanation for this? But i am happy that many countries from asia has this legitimacy proposal,so we will have to wait sooner for adoption.and also those who canceled theirs are maybe reviewing their position and may appear positive in future |
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