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Author Topic: will all the countries make cryptocurrency legal?  (Read 1205 times)
nygaar
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April 12, 2018, 11:56:48 AM
 #161

When we talk about legalization of cryptocurrencies across the world, it is yet to be confirmed that all countries will be able to adapt to its usage. All of them have their own issues in regards to the currency use. I believe its not possible for cryptocurrency to become completely legalized worldwide, considering its current position in the market.
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April 12, 2018, 12:44:49 PM
 #162

When we talk about legalization of cryptocurrencies across the world, it is yet to be confirmed that all countries will be able to adapt to its usage. All of them have their own issues in regards to the currency use. I believe its not possible for cryptocurrency to become completely legalized worldwide, considering its current position in the market.

I agree with you.  But still there is a possibility for it if the governmentd do understand the benefits of bitcoin and other crypto currencies. When countries start adapting bitcoin and Blockchain, the respected country's will claim up in economic status. The counytrsis who watch will certainly will turn back and look in it.  There are lots of things that would bring authorities to legalise bitcoin in their. Ho ouae

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April 13, 2018, 10:03:34 PM
 #163

The process of acceptance and legalization of the crypto currency will be very complex and time-consuming. It will probably take more than a decade, because there is a conflict of interest and it is very difficult to implement technically. Banks and some government agencies are not interested in introducing crypto currency into our lives. Each state will decide this issue in its own way. As we can see, the solutions to such issues are also different. Only when the crypto currency will prove its usefulness and necessity, when the leading countries legalize it in themselves, only then this issue will be solved much faster.

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April 14, 2018, 04:18:57 AM
 #164

When we talk about legalization of cryptocurrencies across the world, it is yet to be confirmed that all countries will be able to adapt to its usage. All of them have their own issues in regards to the currency use. I believe its not possible for cryptocurrency to become completely legalized worldwide, considering its current position in the market.

Only the nations where the governments have the intelligence to understand the benefits of Bitcoin will try to legalize crypto-currency. On the other hand, in the third world nations, the aim of the governments is to enslave the citizens. So we can't expect them to make BTC legal.

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April 14, 2018, 06:27:22 AM
 #165

According to a report released by the European Commission, a declaration was signed by the countries including the United States, France, Germany, Norway, Spain and the Netherlands will establish a new European Blockchain Partnership.
The aim of the cooperation is to avoid the use of "fragmented" technologies by sharing technical and regulatory competences between Member States, as well as developing ways to promote the use of blockchain in the digital Single Market across the EU.
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April 14, 2018, 08:44:22 AM
 #166

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
I do not think so, even today many countries actually prohibit crypto entry into their country by banning ads or prohibiting crypto transactions

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April 14, 2018, 11:10:30 AM
 #167

When we talk about legalization of cryptocurrencies across the world, it is yet to be confirmed that all countries will be able to adapt to its usage. All of them have their own issues in regards to the currency use. I believe its not possible for cryptocurrency to become completely legalized worldwide, considering its current position in the market.
of course not all countries legalize bitcoin because every country has different laws and rules, maybe in some countries will legalize because it sees profit factor but some others may be banned or let them, for the moment that is what happen, in the future? maybe the situation will be different, see we will meet the era of more sophisticated technology

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April 14, 2018, 06:12:12 PM
 #168

doesnt look like its gona happen in pakistan
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April 17, 2018, 03:56:56 AM
 #169

For the next few years I think there will be some countries that legalize bitcoin to enter the country, for now there are only a few countries like China, America and others, the more advanced development of that era will happen, there will only be some countries that prohibit bitcoin entering his country , like North Korea.

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April 17, 2018, 09:09:26 PM
 #170

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
In each country the process of legalization of the crypto currency has occurred and is happening in different ways. And the results of such an examination are also different. In the future, a great influence on this process will be provided by decisions of various associations of states, such as the European Union, the G20 countries and others. So far, I see no big obstacles to the recognition and legalization of the Crypto-currency. However, this process will be very lengthy.

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April 17, 2018, 09:18:36 PM
 #171

When we talk about legalization of cryptocurrencies across the world, it is yet to be confirmed that all countries will be able to adapt to its usage. All of them have their own issues in regards to the currency use. I believe its not possible for cryptocurrency to become completely legalized worldwide, considering its current position in the market.

Only the nations where the governments have the intelligence to understand the benefits of Bitcoin will try to legalize crypto-currency. On the other hand, in the third world nations, the aim of the governments is to enslave the citizens. So we can't expect them to make BTC legal.

So cryptography is the coolest way to keep information securely,Even Institutional information...I hope Countries will start to use even blockchain for their institutional purposes,Which for me means tendence,Tendence of cryptocurrencies,Yes I know that blockchain doesn't mean cryptocurrencies but they are very close to each other and if countries implement this they will also start using cryptocurrencies...For example in my country,Goverment has already implemented blockchain to register property and to keep this registration documents,At the same time people started to use cryptocurrencies for their special purposes...So what you said is right,at the same time I hope that all countries will make it legal because of its profitable nature.

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April 18, 2018, 05:09:41 PM
 #172

It can be so, I think. At the end all countries will understand that crypto helps the economy and don't ruin it how some people love to say
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April 18, 2018, 05:43:29 PM
 #173

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

As to my opinion, simple thing is that,,
 the world is getting digital and developing day by day and now mainly depends on sicence and technology.
As the Blockchain is an amazing technology,  soon world is gonna accept it.
 Cause its easy to transfer your money one place to another within second. And helps enough and so on.
 finally  i think other cryto currency along with bitcoin is gonna legal but need some more time for it

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April 19, 2018, 06:10:15 AM
 #174

When we talk about legalization of cryptocurrencies across the world, it is yet to be confirmed that all countries will be able to adapt to its usage. All of them have their own issues in regards to the currency use. I believe its not possible for cryptocurrency to become completely legalized worldwide, considering its current position in the market.
of course not all countries legalize bitcoin because every country has different laws and rules, maybe in some countries will legalize because it sees profit factor but some others may be banned or let them, for the moment that is what happen, in the future? maybe the situation will be different, see we will meet the era of more sophisticated technology
It may come as a snowball effect when some countries take a judgement from another country as a pattern to follow. Or it may be that a cluster of countries like EU adopt a law that is valid in all the members of that union. For example: German Federal Ministry of Finance announced that purchases of bitcoins would not be taxed, as the cryptocurrency is a legitimate payment instrument. The Office issued its decision on 27 February. In this document, the regulator relies on the Court of Justice of the European Union in 2015. And this ruling sets a precedent for all EU members.
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April 19, 2018, 07:15:14 AM
 #175

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
I think it will take time before all countries implement the legalization of bitcoin/cryptocurrency because of the fact it is decentralized which is not backed up by any financial institutions. Even our country is not in favor in using bitcoin because of the volatility and risk when investing. Although they dont make it legal, trading cryptos are not prohibited here so we are free whatever we do with our cryptos as long as there is no illegal transactions involved.

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April 19, 2018, 07:40:30 AM
 #176

Completely depends on their countries because if they think technology will help them to grow their economic then surely they will legal the cryptocurrency. Most countries are showing some interest towards the cryptocurrency because they are getting familiar with the technology. In future, we might see most of the countries starts legalizing the cryptocurrency.

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April 19, 2018, 08:52:35 AM
 #177

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
I think it will take time before all countries implement the legalization of bitcoin/cryptocurrency because of the fact it is decentralized which is not backed up by any financial institutions. Even our country is not in favor in using bitcoin because of the volatility and risk when investing. Although they dont make it legal, trading cryptos are not prohibited here so we are free whatever we do with our cryptos as long as there is no illegal transactions involved.
It will  take  sometimes that all countries of the world would accept bitcoins because according G20 dignitaries only 20%of the world population is  using crypto currency  and beside that there is no significant impact to the business community, legalization of bitcoin maybe if the world population uses bitcoin reaching 20% or more.

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April 19, 2018, 09:33:52 AM
 #178

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

The opportunity for bitcoin in legal an to be traded by all countries is still very open. Where today, all countries are already digitizing the economy through banking services. It becomes a way for bitcoin to be acceptable to all countries as long as the regulation that every country will make does not harm the bitcoin users.



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April 19, 2018, 05:17:41 PM
 #179

I think it depends wholesomely with the countries that are currently reviewing or about to take
a deeper look in cryptcurrencies. Each country has different opinions and priorities that will influence
if legalization and regulation should be push through. I believe this process will take time and to some
nations a success in that matter. It's hard to tell at this point, though a lot of influential and powerful
nations have effortlessly accepted crypto, other nations are still unprepared and skeptical of the whole
thing. Only time can deliberately tell.
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April 19, 2018, 05:34:01 PM
 #180

I think it will take very long time for all countries make cryptocurrency legal. But some of them make it legal first and they will be very lucky of advantage of blockchain technology

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