Legalizing Bitcoin

[gudjhonson]

So in the most countries, bitcoin is neither declared legal or illegal. In some, it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government need to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country? 

I think it will be very difficult for all countries to authorize Bitcoin. Because there are so many countries that forbid it and it will probably be very small to be legalized. I'm not sure this can happen. Even in my country is still allowed to hold Bitcoin alone I am very grateful even though I know if Bitcoin has not been legalized.

[themughni]

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country. 

I think the government needs to do to regulate bitcoin , if they want to take taxes. it is better than declare illegal.because bitcoin is the future currency.

[Safebit.io]

There has to be a legal framework to handle crypto. Yes, you will need to pay tax. There are some tools on the way to help with this. It's inevitable.