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Author Topic: will all the countries make cryptocurrency legal?  (Read 1367 times)
MCVXYZ
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June 20, 2018, 04:30:19 PM
 #261

I believe in time, all the governments of the world will legalalize cryptocurrency. It will just take time and persistency of those countries who already supporting it. It would make a domino effect where countries will influence another one at a time until all would need a help of each other to a one goal which is to have their people a free use of cryptocurrency everywhere.

There are already countries that are recognizing cryptocurrencies legally and some are on the process of it but some are still firm with their decision not to let its countrymen use crypto because of the risk that they might use it in illegal means so we cannot do something about it. It may take some time for all the countries to recognize it but it will eventually happen when majority of the countries make it legal so the minority that is left wouldn't want to be left behind so they will legalize it. It may happen after a few years or decades.

Yes It takes too much time because every country has different legislation and different approaches,It will take too much time for them to change this legislation and to create the new one...Anyway its not as easy as it seems,therefore this process needs political will from politicians for changing and for progress,also there is one moment,In particular we all know there are too many undeveloped countries in the world and this fact is also the determinant for this process.

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Eleven86
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June 20, 2018, 05:32:07 PM
 #262

There are already so many countries now accepted bitcoin  as legal. Some countries are under process of legalizing, but at the same time many countries banned the cryptocurrency. One country will succeed in the crypto means automatically the other countries also accepted as legal in their country. It will take some time to all countries accept cryptocurrency as legal. Because they understand the whole  concept about blockchain technology. It may take some time but sure in future it will be accepted almost by all countries.

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June 21, 2018, 02:32:44 AM
 #263

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

You should think that these countries that are against Bitcoin are very few compared to the countries that supporting it and most of these countries that are against are countries that having a weak economies unlike those who are suppprting like China, UK, USA, Japan, Germany and etc are strong countries in talking of economy and military. You should see the logic and should not wasting your time of not joining crypto as bullish trend is coming very soon.

Carrelmae10
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June 21, 2018, 05:44:34 AM
 #264

..yes,,probably there are countries that will make bitcoin transaction legal..many says that bitcoin is illegal..but in what way??..i don't think that bitcoin is illegal..actually,,bitcoin really gives a big help to anyone who got involve in it..but the way how they use it makes it illegal..if we will use bitcoin in good way,,then many contries will make it legal..

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June 22, 2018, 10:05:27 AM
 #265

This can be done in future but not now,  because many countries have no faith in cryptocurrency. Government afraid if they accept bitcoin people use that for illegal purpose. It takes long time to understand the whole concept about cryptocurrency. If one country accepts cryptocurrency and running successfully means automatically the other cointries are ready to accept as legal.

In a certain sense there should be a chain. But corruption is flowing in some countries. Governments do not all have common views with their citizens. It turns out porridge.

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hacekd
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June 22, 2018, 10:59:13 AM
 #266

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
if everyone is using crypto I think a small country or a country that has not legalized crypto will start trying to legalize it so they can transact in some countries.

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Blondy12
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June 22, 2018, 12:29:29 PM
 #267

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

Most probably not all counties will make cryptos as legal currency but most of the countries already accept cryptos as an addition to local currency as far as i know. No need to be hesitant in investing in crypto mate not unless you are belong in a country that banned or made crypto’s illegal.

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June 22, 2018, 01:59:25 PM
 #268

all countries have the opportunity to legalize bitcoin and altcoin for use as an investment tool or trading tool. but it takes the process and time to organize it all. bitcoin is very influential on the progress of the economy in a country and bitcoin is in great demand all the circles so that dibuthkan appropriate rules to legalize it

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June 22, 2018, 02:15:23 PM
 #269

..yes,,probably there are countries that will make bitcoin transaction legal..many says that bitcoin is illegal..but in what way??..i don't think that bitcoin is illegal..actually,,bitcoin really gives a big help to anyone who got involve in it..but the way how they use it makes it illegal..if we will use bitcoin in good way,,then many contries will make it legal..
Providing benefits to some groups does not mean the government will easily choose the option to legalize it. one of the reasons why the government still forbids crypto because they think that negative influence will outweigh its positive influence. the government has actually calculated it in detail

Phantomberry
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June 24, 2018, 05:55:22 AM
 #270

I think bitcoin is use to legal in other country especially japan,singapore,germany and other economic country because cryptocurrency can give there boost there economy level like rising an ico program, mining industry and a exchanger but suddenly other country they strictly cryptocurrency because they afraid of it.

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hacekd
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June 24, 2018, 06:11:05 AM
 #271

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

It should happen soon and yes i am sure many countries' moves are on it. We do hear either one or more news on adaptation of bitcoin and blockchain as well. These are the steps leading towards bitcoin and other crypto currencies success.
if the next few years more and more countries that legalize bitcoin I think all countries will follow suit and make bitcoin as a legitimate transaction tool in all countries.

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June 24, 2018, 06:36:51 AM
 #272

I think, and hopefully, most countries will accept crypto and regulate them. Some of them will refuse them. Some countries allow cryptocurrency, they accept technology inside cryptocurrency to improve their business and services.
iMark
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June 25, 2018, 02:21:31 AM
 #273

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

You should think that these countries that are against Bitcoin are very few compared to the countries that supporting it and most of these countries that are against are countries that having a weak economies unlike those who are suppprting like China, UK, USA, Japan, Germany and etc are strong countries in talking of economy and military. You should see the logic and should not wasting your time of not joining crypto as bullish trend is coming very soon.
Yeah because a country with a strong economy will not see bitcoin as a threat, they know how to cope and work together with bitcoin so that it can benefit together, not by ban, it will hurt both sides, maybe in the next few years, some the country will begin to realize it

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June 25, 2018, 05:20:17 AM
 #274

This can be done in future but not now,  because many countries have no faith in cryptocurrency. Government afraid if they accept bitcoin people use that for illegal purpose. It takes long time to understand the whole concept about cryptocurrency. If one country accepts cryptocurrency and running successfully means automatically the other cointries are ready to accept as legal.

In a certain sense there should be a chain. But corruption is flowing in some countries. Governments do not all have common views with their citizens. It turns out porridge.

Few countries will never make it legal as they may not have the mechanism to get the rid from the scam happenings. Thus directly they will ban it so that they do not have to worry on those part. Also some may introduce their own coin and want people to use that coin.

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June 26, 2018, 11:40:27 AM
 #275

Cryptocurrency has been legalized in some countries. They have accepted Bitcoin. And cryptocurrency has not been legalized in the continent of Asia. They arranged to punish those who use cryptocurrency.I do not think cryptocurrency will be legal in all countries.
this will be a very worried thing to say bad news and good news what is bad news is more and more crypto competition so that the coin will be more down the price because the user will spread to some other coins and good news is crypto become more popular in the world.

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June 28, 2018, 02:06:34 PM
 #276

I think not all country will make cryptocurrency legal. As we see there are some countries that ban cryptocurrency in their place. So it is impossible to happen.

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June 28, 2018, 04:37:24 PM
 #277

Bitcoins matter it's varies from country to country.Some countries are changing regulatory implications. Many of countries do not make the usage of bitcoin illegal.Most of them countries have varies differing regulatory implications.While some countries have allowed it's use & trade,others have banned or restricted it. Various government of the country have classified bitcoin differently. I think this is the major hurdle which is to be short out accordingly in future.Task is not easy but hope so in coming days all issues will be short out.
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June 28, 2018, 06:10:38 PM
 #278

Crypto currency is gaining popularity in countries.  This is expected, the future behind the crypto currency.
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June 28, 2018, 07:08:56 PM
 #279

Oh sure.  All countries must accept crypto currency, because this is the best currency for all.
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June 28, 2018, 07:34:39 PM
 #280

And it seems to me very difficult to agree on one currency in the regulation between countries.  Everyone will pull the blanket over.
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