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Author Topic: Bitcoin will get legitimacy in all countries?  (Read 2823 times)
anonymous2020
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June 03, 2018, 01:29:18 PM
 #161

It will be hard for bitcoin to be legalized in all countries but I believe that it will happen in the next next years..because in this world of new technology we need a currency like the bitcoin to serve as an international money.. we dont need to go to money changer to change our money instead with btc..it is easier to transact and buy things.
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June 03, 2018, 01:36:22 PM
 #162

I don't think so. Many countries are still quite reluctant in accepting this system due to some political issues. Or even some agenda in attempt to control and manipulate Bitcoin for their own gain which could not be achieved so they would ban it instead or declare it as illegal.

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June 03, 2018, 02:03:51 PM
 #163

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?


It seems to me that not all country thought that bitcoin is harmful for their country. Bitcoin is just like the other currency the difference between and other currency is bitcoin is can not control and its volatility. For sure, the countries who accepted it has trusted bitcoin even if they can not control it. Even though that some country banned bitclin as time goes by for sure it become legal in may countries in the world who knows, the innovation of technology is becoming better and better so its impossible if it can not become legal in many countries in the future.

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Sanjida
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June 03, 2018, 02:05:24 PM
 #164

Yes, i suppose that upcoming year bitcoin will get legitimacy in all countries.cause already many countries people accept in bitcoin.and sooner bitcoin will all country formaly will be legalized...
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June 03, 2018, 02:14:08 PM
 #165

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
Some people think this also a bubble and some people uses bitcoin for harmful actions/illegal acts thats why some countries make it illegal and they ban bitcoin. Bitcoin will be legal but only in few countries. Maybe in the future all country will see the importance of bitcoin and it will be legal in the whole world.

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June 03, 2018, 02:21:37 PM
 #166

In future digital currency become worth full and paper money would be worthless cause world becoming more digitalised and people are addicted by virtual currency
Joseph Cabrall
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June 04, 2018, 03:30:50 AM
 #167

It's too early to make the prediction about that. But in the short run, that Bitcoin is considered legal in all countries is just impossible. Most governments have maintained negative attitudes toward Bitcoin and other types of cryptocurrency, for fear that cryptocurrency is concerned with illegal activities like money laundering.
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June 04, 2018, 03:46:09 AM
 #168

i think every country have different regulations on their money system and so does with the regulation of bitcoin. But, if we take a look closer, many country slowly change their bad paradigm and be more opened with bitcoin. And yes, i also think that maybe one day bitcoin will get legitimacy in all countries. 

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June 04, 2018, 03:52:41 AM
 #169

Yes,I think so Bitcoin will get legitimacy in all country because It's price day by day hight increase coin market.Those are popular crypto currency.It's the most people used from the life developing. It's crypto currency world wide.It's earning bitcoin from normally add wallet.It's price day by day hight valuable Currency.So I there for it's legality for all countries.
freesia_pnp888
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June 04, 2018, 03:58:43 AM
 #170

you can't expect everyone will love and understand bitcoin, same with many countries which their regulations and awareness is all different from one other. talking about inflation, money has already does that, therefore, they are afraid bitcoin itself will bear same effect - which has not been proven yet, so? in the midst of being scared, they will try to regulate it as much as they could
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June 04, 2018, 04:38:48 AM
 #171

Perhaps for now the country has not found the advantages and disvantages of bitcoin in the sense that the country is still afraid of bitcoin or crypto world Will be used for crime i hope the government soon find a solution and acknowledge the existence of bitcoin
HudiBaba@06
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June 04, 2018, 04:48:05 AM
 #172

Hello guys, As per the recent news which I have been following regarding Bitcoin and Cryptocurrency as it shows that Bitcoin will be most probably legalized in every country. hopefully, we can expect good news by this year end or next year in mid-2019. Bitcoin needs to be introduced in a legit way to gain more consumers in the upcoming market and the upcoming digital world. As the funding to cryptocurrencies will be more and soon regulations towards Cryptocurrencies will be amended.
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June 04, 2018, 05:16:16 AM
 #173

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

In order for a country to accumulate inflation, the damage economically must be in large scale. Many individuals are unaware of cryptocurrencies and the money supply being used to utilize such is relatively smaller compared to fiat. For inflation to cause, the money supply in the market must be high and the demand for it must be low. That is when the increase on the price of general goods occur. But in the case for cryptocurrencies, some countries even ban the utilization of such and only a relatively small number of people know its processes and methods.

Yes,I think so Bitcoin will get legitimacy in all country because It's price day by day hight increase coin market.Those are popular crypto currency.It's the most people used from the life developing. It's crypto currency world wide.It's earning bitcoin from normally add wallet.It's price day by day hight valuable Currency.So I there for it's legality for all countries.

Having a high price in the market does not constitute with it being legal. Although some governments prohibit the use of such, it provided various job opportunities for people, not to mention its volatile price makes it a perfect investment tool for short-term perspective. The legalization of cryptocurrencies would happen if the government were to regulate its transactions in the future.

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ruthbabe
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June 04, 2018, 05:19:02 AM
 #174

Bitcoin will never be legal in any countries at all. The nature of Bitcoin makes it difficult to regulate and control the transactions that is being made. Bitcoin doesn't have anything backing it and the country cannot take any responsibility for the volatility of the coin. The lack of control would likely make tax evasion and money laundering easier. I can't see why any country would legitimise Bitcoin with these in mind.

I think you should need more research, there are around 70 countries where Bitcoin, and its use is legal. Also, Bitcoin (and almost all cryptos) is being taxed in some countries like South Africa, so, how can you say that "Bitcoin will never be legal in any countries at all"?. The links below are just a few examples as there are lots more...

https://bitcointalk.org/index.php?topic=96118.0
https://bitcointalk.org/index.php?topic=3057095.0
https://bitcointalk.org/index.php?topic=2317279.0
https://bitcointalk.org/index.php?topic=2371242.0

Legality of bitcoin by country or territory
SARS’S STANCE ON THE TAX TREATMENT OF CRYPTOCURRENCIES
South Africans Instructed to Pay Tax on Bitcoin and Cryptocurrency Earnings

Nick Abimanyu
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June 04, 2018, 05:54:42 AM
 #175

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

To date, bitcoin has been widely owned and traded by a number of entrepreneurs. Most cryptocurrency fans expect that futures trading will attract the interest of institutional and professional traders, providing legitimacy to a volatile market. Unfortunately bitcoins are constrained by the strictness of government regulations, and have come under the spotlight, with rising prices, which have sparked many warnings, about the potential for bubbles. If highlighted like this, I am pessimistic Bitcoin will get all its legitimacy rights
pilnenkii
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June 04, 2018, 06:11:38 AM
 #176

In my opinion, there really are many people who do not know about bitkoyne, and many countries will reject the idea of legalizing bitcoins. But still I believe that sooner or later the whole world will receive Bitcoin.
kram31
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June 04, 2018, 06:17:48 AM
 #177

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Bitcoin is legit, most country dont want BTC because there are no regulations unlike FIAT.
they can't control bitcoin that is why they are having a hard time in digesting the currency.
but soon once good, everything will be perfect.
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June 04, 2018, 06:29:15 AM
 #178

I think that it is not impossible for the world to adapt Bitcoin. If they just see what positive effects the cryptocurrency can give to the country, they will eventually accept it. But, because the only thing that they see is "uncontrollable", maybe we can't see the world to be accepting Bitcoin. Although this is the reason, people can't be stopped in using Bitcoin.
Cookie Man
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June 04, 2018, 06:30:11 AM
Last edit: June 10, 2018, 12:43:35 AM by Cookie Man
 #179

Various countries operate on different Policies, there are these that think BTC is a threat to their national economies while others have  found a way to accept Bitcoin activities, its not until a Mutually beneficial ground is established will a state decide to legalize BTC, not all states will allow BTC transactions but a number will with time. Two factors may however come into play, Either Bitcoin will blossom so much so that the states will have no choice but to adopt it, or it will be a level of regulation fror the government for its operation to be approved
fndsr
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June 04, 2018, 06:59:22 AM
 #180

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
maybe the opinion is true but if bitcoin is well monitored and well regulated I also think it will not happen, bitcoin be good or bad it depends on the intention and purpose of the investors in the investment for the problem of legality all that can happen

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