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Author Topic: will all the countries make cryptocurrency legal?  (Read 2538 times)
mann1983 (OP)
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March 05, 2018, 08:12:05 AM
 #1

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
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March 05, 2018, 01:30:57 PM
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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.

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March 05, 2018, 02:16:09 PM
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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.
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
Bagaji
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March 05, 2018, 02:20:43 PM
 #4

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
It will take a longer time for all the country in the world to accept or legalize Bitcoin and crypto currency in general because not every country has reach the same technological advancement in the world and not only that alone. The advantages of crypto currency in some advance country could be a disadvantage to the less developed country. Even if Bitcoin and crypto currency in general is not accepted in your country or region doesn't mean you cannot buy Bitcoin or any of the crypto currency via local Bitcoin exchange or your smart card.
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March 05, 2018, 03:10:58 PM
 #5

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
Already some countries made bitcoin as Ilegal in their trading if you caught for using or trading bitcoin then you will be jailed.But many countries not made announcement yet whether it is legal or illegal but some countries are already legalized and implemented taxes for bitcoin usage.So it is their own decision other countries can't to anything with their decision so you need to research about crypto currency in your country before investing on crypto currencies.

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March 05, 2018, 03:42:35 PM
 #6

I think, and hope, most countries will accept cryptos and will regulate them but all of them? Not at all. Some of them will forbid them. If all western countries legalize them, Muslim countries (for example) won’t. Cryptos legalized all ever the world won’t happen in my lifetime.

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March 05, 2018, 04:12:04 PM
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I think it will always depend on the country itself. Some may allow it's usage or not or may remain undefined. In some instances, it was declared legal but then due to regulatory measurement and other risks, the have declared it illegal in some countries.
But there is nothing wrong if we would hope for it to happen right ? I think if this will happen, it will be a greater good for everyone.
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March 05, 2018, 04:50:42 PM
 #8

Is hard and long process to make all the countries accept cryptocurrency as legal. Some countries still not believe about cryptocurrency.
They afraid in cryptocurrency people can do illegal transactions, like buy drugs, weapons etc. So for the safety reason they banned cryptocurrency, until they can control cryptocurrency. For some country allow cryptocurrency, they accept the technology inside cryptocurrency to improve their business and services.
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March 05, 2018, 05:15:00 PM
 #9

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
Are you talking about all? I barely think that any country will take a step towards making cryptocurrency legal except for japan which portrays itself as a birthplace to btc. Governments get no advantage in making cryptocurrency legal. Infact it leads to increase in unaccounted economy in their very own country. This will make them lose control quite a bit. So its hard to say that any country will strive to make crypto a legal tender.
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March 05, 2018, 05:38:35 PM
 #10

I think, and hope, most countries will accept cryptos and will regulate them but all of them? Not at all. Some of them will forbid them. If all western countries legalize them, Muslim countries (for example) won’t. Cryptos legalized all ever the world won’t happen in my lifetime.

But I hope it will be legalized in all legally developed countries,in another situation there will be legal-economic problems and they don't need it.thats my opinion and I think they will not have enaugh legal grounds to not legalise it,Developed countries were forced to recognize it for people and for their property rights and countries that allow bitcoin or another pseudo anonymous cryptocurrencies will be trend for another developed countries,after they  create liberal and rightful regulations.
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March 05, 2018, 07:04:48 PM
 #11

From my knowledge bitcoin is not legit in all the countries.It's legal in some of the country like japan,United Kingdom,U.S,South Korea.Recently India announced,goverment will not responsible for the investment in bitcoin.China already make the bitcoin as a illegal one.So I think , bitcoin will become legal in world wide it's takes decade.
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March 05, 2018, 07:53:56 PM
 #12

I honestly do not think all countries will accept bitcoin because of existing laws on digital currencies but with time more cryptocurrencies will be accepted as cryptos are the future of money and one of the trending ways to invest your extra income.

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March 06, 2018, 11:03:04 AM
Last edit: March 07, 2018, 02:48:08 AM by Palmholder
 #13

   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

santafewarrior1980
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March 06, 2018, 11:44:09 AM
 #14

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
Maybe, but I don't know when to happen because until today there are so many countries did not support cryptocurrency.

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Brambam
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March 06, 2018, 11:52:03 AM
 #15

Just invest in cryptocurrency. Don't wait for the country to shape your future.If you don't like the country change it.
If you make a good profit you can live wherever you want.
Coffee135
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March 06, 2018, 12:28:51 PM
 #16

It seems to me that bitcoin will never be legal. 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 06, 2018, 01:24:57 PM
 #17

Some country forbid bitcoin because their decentralized and anonymous still haunting their mind !
Of course I hope that all country also legalize bitcoin as it will impact on bitcoin value globally

So is it possible ?
For now it's impossible so all we can do is just wait !
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March 06, 2018, 06:18:10 PM
 #18

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

First get some knowledge about cryptocurrency. This forum is quite enough to get huge knowledge about all the crypto currency.
You have to check some basic things before investing in cryptocurrency. First you have to check cryptocurrency is legal, if it's legal. Don't omit to inverse in cryptocurrency.
Second one is you investing money. How much you want to inverse in cryptocurrency.
Last one is whether you are investing for short term or long term. If it's Short term ,choose the bitcoin .
If it's long term means, you have lot of options. You can choose any altcoin to inverse your money.

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Yara1
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March 06, 2018, 07:04:40 PM
 #19

It might seems difficult for all countries in the world  to legalise cryptocurrencies  but it is possible. All it takes is for the powerfull nations like USA, Germany ,France< China etc to legalise it then every other countries will
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March 06, 2018, 07:20:24 PM
 #20

It would be interesting in the extreme to see what the holdout countries did as everywhere else slowly legitimised it. There would come a point where they would be doing active harm to their economic activities. I wonder whether they'd be bloody minded enough to keep it up or blink.
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