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Author Topic: will all the countries make cryptocurrency legal?  (Read 2276 times)
bambazamba
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March 19, 2018, 02:00:09 PM
 #101

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal

Depends upon which country you belong too .
To be honest , it is just a trend that one country follows from the other . The opposition countries would never do the same thing . There is always a risk , you have to be sure about the amount you are trading because a minimal amount would not hurt . Moreover ,  most countries are still "unknown" and "unsure" about its take on crypto currency trading.

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Eleven86
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March 19, 2018, 04:55:51 PM
 #102

It's take a long time to countries accept the bitcoin. If bitcoin enters in to the country local fiats will be affected. That is the main reason countries not accepting bitcoin legally. compare to fiat bitcoin is more profitable and gain more profits. The economy of the country have good growth. Now bitcoin is become more popular among people. In future surely it will be accepted by all the countries.

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March 20, 2018, 04:07:56 AM
 #103

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal


Those governments that blocked bitcoin and other cryptocurrencies might later follow the majority of the countries that allows cryptocurrencies to be use by their citizens for their daily transactions. But most of them might also imposed regulation and taxation while allowing exchanges to operate in their area. Some governments may allow bitcoin but legalizing it might take a long time before they approve it.

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March 21, 2018, 12:32:25 PM
 #104

I still have a dough on taking a risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Nothing is impossible. It could be in the future this could happen. All countries can legalize Cryptocurrency in their respective countries. I am sure if it has been legalized in all countries, surely our life will all be more prosperous again.
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March 21, 2018, 01:29:53 PM
 #105

what's the best way to change bitcoins into dollars?
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March 21, 2018, 02:12:06 PM
 #106

Just go with the flow is my advice to you. You should not be scared, they can't punish millions of people for doing crypto if it was illegal. But it is not illegal so no worries there. If some country pronounces it illegal just switch to another country after a while. You are missing the chance of earning money and learning about new technology at the same time.
As the matter of fact, it will be a new payment (financial) system in our near future.
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March 21, 2018, 04:27:59 PM
 #107

what's the best way to change bitcoins into dollars?
The best way to sell bitcoins for dollars on the stock exchange. If your country has no claims to bitcoin and is not included in the sanctions list, you will have no problems registering on the exchange and receiving a Bank transfer from there. But if your country's on the black list, you're in trouble.
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March 24, 2018, 01:18:09 PM
 #108

 No way all counties make bitcoin legal. A state exists by taxing citizens, weak currency may be partially replaced by bitcoin, look what happened in Venezuela and Zimbabve. Authorities lose control over citizen's funds therefore over whole situation there. Only modern and strong economy may tolerate bitcoin. The government will take taxes from transactions on the exchange for Fiat. But they will never allow the use of bitcoins as a legal means of payment in stores. If bitcoin is banned in your country, you must exchange it in another country or in illegal exchangers.
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March 24, 2018, 05:20:52 PM
 #109

No way all counties make bitcoin legal. A state exists by taxing citizens, weak currency may be partially replaced by bitcoin, look what happened in Venezuela and Zimbabve. Authorities lose control over citizen's funds therefore over whole situation there. Only modern and strong economy may tolerate bitcoin. The government will take taxes from transactions on the exchange for Fiat. But they will never allow the use of bitcoins as a legal means of payment in stores. If bitcoin is banned in your country, you must exchange it in another country or in illegal exchangers.
Bitcoin will not help such countries. They only have one way out. It's the issue of new money. As long as people will not be in the hands of a large amount of money can save up goods in stores and make residents who have savings in foreign currency to exchange dollars for a new currency. But this is a temporary step. The main actions should be aimed at the destruction of corruption and theft.
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March 24, 2018, 06:53:23 PM
 #110

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Opportunities will always be there but it takes a very long time for bitcoin to be legal around the world, we do not know what will happen in the future. Because now also a lot of prohibition to promote cryptocurrency.

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March 25, 2018, 04:48:48 PM
 #111

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Opportunities will always be there but it takes a very long time for bitcoin to be legal around the world, we do not know what will happen in the future. Because now also a lot of prohibition to promote cryptocurrency.
Yes, opportunities will always lead to countries as one way to help the Economy and when a government sees the good impact that bitcoin is creating in an individual and in the country then for sure they will legally regulate it.

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March 25, 2018, 05:41:51 PM
 #112

I do not know if the risk is high or not. If it is high, then do not. If it is not, then do it in a smart way. Added to that, it all depends on the situation of your country. You clearly know your country better than us. So before doing something, you should study all its aspects to see whether it will be suitable and beneficial for you or not. And that implies stating the possible risks and their solutions. Yes, brother. Nothing can be done that easily.


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March 25, 2018, 06:18:43 PM
 #113

I do not know if the risk is high or not. If it is high, then do not. If it is not, then do it in a smart way. Added to that, it all depends on the situation of your country. You clearly know your country better than us. So before doing something, you should study all its aspects to see whether it will be suitable and beneficial for you or not. And that implies stating the possible risks and their solutions. Yes, brother. Nothing can be done that easily.
Time will come for sure that all countries will make cryptocurrency legal especially now that bitcoin brings name in Japan, and when Japan becomes successful in it countries will get curious and will reopen the possibility again to people.

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March 25, 2018, 07:10:35 PM
 #114

The legal status of Bitcoin and the digital currency is still a hot debate to date, but significant progress is evident in some countries.

As time passes, some countries begin to look at Bitcoin and the digital currency by trying to legalized of the digital currency.

Typically, regulation is not something that all parties support. But in the case of Bitcoin, regulation is a gift. Bitcoin regulation is something that is supported by the Bitcoin community around the world.

I also hope bitcoin will become legal worldwide.
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March 25, 2018, 07:17:44 PM
 #115

What do you have to do with those countries if your country is not forbidding it? Are you not going to buy Bitcoins from your own country, but travel to one of those countries to buy them? If that is what you intend to do, then you obviously will have to wait a long time (or maybe forever), otherwise, that should not be your concern at all if your country allows trading it.
No one can ever know if a country is ever going to make Bitcoin legal or illegal. It totally depends on the thoughts of the authorities of that country, and those thoughts are never public unless they decide to implement them.
That's right. The author is making problem on an empty place.
That is going to be like a Big Bang if some of those countries which already forbidden crypto trading will change their decision about it. I guess it is more possible that some more countries will join to this ban rather those country will change something about their rough crypto regulation.

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March 25, 2018, 07:44:06 PM
 #116

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal

No all the countries will not make bitcoin legal. Because they are afraid of cryptocurrency. Once crypto enters in to the country it will affect local fiat's. The main reason countries will not accept bitcoin due to this reason. But once it accept bitcoin it will leads the countries growth.

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March 27, 2018, 04:35:20 PM
 #117

I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal

No all the countries will not make bitcoin legal. Because they are afraid of cryptocurrency. Once crypto enters in to the country it will affect local fiat's. The main reason countries will not accept bitcoin due to this reason. But once it accept bitcoin it will leads the countries growth.
We are all just hoping that cryptocurrency will become legal in all countries and will become a big phenomenal, and since that time is not yet coming I will just see to it first that I have some bitcoin that I can withdraw in our future, it does not matter how much you have what matters is that you have some of it.

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March 27, 2018, 08:23:14 PM
 #118

To recognize or not recognize the Crypto-currency as a legitimate means of payment on the territory of one's own country is an internal matter of each state and in this matter no one has the right to indicate it. As we can see, in different countries this question is solved in different ways. The process of legalizing crypto currency will still take a very long time and there is no guarantee that it will end for it positively in all countries.

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March 28, 2018, 10:35:00 AM
 #119

About this, I'm more thinking., that it will become legal and more recognized by the whole countries, anyhow life will not be monotonous and not following the technological development. Crypto is the future that's destined to be deepened till being useful.
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March 28, 2018, 06:15:45 PM
 #120

It seems that this year will be decisive for the crypto currency in the issue of its recognition by the majority of the states of the world. Following Japan, more countries recognize bitcoin and another crypto currency as a means of payment with all the ensuing consequences. A few days ago, the representatives of the "Big Twenty" also generally supported the possible recognition of the crypto currency, and since July this issue can be considered at this summit. If the issue is resolved positively, most states recognize the Crypto currency and this will be a turning point in its existence.

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