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Author Topic: Bitcoin and cryptocurrency, between legal and illegal in the world?  (Read 328 times)
stewert
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July 11, 2018, 09:27:09 AM
 #1

The development of cryptocurrency is better from time to time. In many countries, many have inaugurated crypto currency as a legitimate paying tool. Although there are also countries that openly banned cryptocurrency. This becomes very interesting to be listened to by us. Then, personally, I want to know what you think of all that? Will at any time cryptocurrency be a legal and legal world currency in all countries? Or perhaps during that time, cryptocurrency is strictly prohibited in all countries of the world?
"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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July 11, 2018, 09:36:47 AM
 #2

The development of cryptocurrency is better from time to time. In many countries, many have inaugurated crypto currency as a legitimate paying tool. Although there are also countries that openly banned cryptocurrency. This becomes very interesting to be listened to by us. Then, personally, I want to know what you think of all that? Will at any time cryptocurrency be a legal and legal world currency in all countries? Or perhaps during that time, cryptocurrency is strictly prohibited in all countries of the world?
Crypto currencies have been banned by some countries and many countries have regulations to use them and many don't have any laws for using them which doesn't means that is illegal in that country.It depends on each countries and the people who is just ruling the countries maybe the ban can be uplifted in the upcoming years like south Korea did.

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July 11, 2018, 09:47:47 PM
 #3

I think that the crypto currency will not be banned, since the state can not fight it. Most likely, some laws on crypto currency will be adopted, after which it will be legalized in all countries of the world.
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July 12, 2018, 06:19:51 AM
 #4

In many countries people are treating crypto as illegal as government can't have direct control over it. But, it didn't stop with negativity. Now, there are more than 18 countries which have legalized crypto currency to do transaction and exchange. The number will increase more in future.
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July 13, 2018, 11:15:43 AM
 #5

unfortunately many countries are now banned cryptocurrency,they are considering crypto as illegal because the government doesn't have control over it but there is nothing illegal about it , it's protocol are very systemic, more than 20 countries has allowed it there must be something beneficial about it and it will progress more in the future.
ClintonJ
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July 13, 2018, 02:22:44 PM
 #6

BTC is holding 1st position in the market based on this topic btc is really good to use and yes few countries have been ban this or crypto currency but if we think about modern world or developed country they already accepted also they are giving lots of facilities based on this from my perspective it will be future currency one day.
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July 13, 2018, 07:13:06 PM
 #7

governments ban cryptocurrency because they can't control it like regular money.But, today there are few countries who have legalized bitcoins. I think when bitcoin get more and more popular and people have a clear understanding about it, this number will surely increase.
bitbunnny
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July 13, 2018, 07:17:44 PM
 #8

At the begininig Bitcoin had prety bad reputation. It was mostly used on dark markets and therefore it was considered illegal. But with time this has slightly changed.
But I would say that every new thing should go through some negative phase because people are afraid of new things and don't have trust.
Still with time Bitcoin become more trust and it's geting more and more accepted because both individuals and institutions are becoming aware of the benefits and that Bitcoin and cryptocurrencies are the future.
As a conclusion I strongly beleive that Bitcoin and cryptocurrencies will become regulated and included in legal activities in economy and society in general, not baned.

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GilbertQuintanilla
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July 13, 2018, 07:23:21 PM
 #9

The coin, in general is not something which is associated with anything illegal. The main reason behind the government's fear is that, the entire transactions are anonymous. It makes the process hard to track the people if anything illegal happens due to the exchange of this coins done by the people.
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July 13, 2018, 07:47:33 PM
 #10

The crypto currency to the market is still entrenched in the minds of many people-as a way of buying illegal things and money laundering. As soon as the crypto currency ceases to associate with it, the world will start accepting it.

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July 13, 2018, 08:11:32 PM
 #11

As the world shifts towards globalization and e-Commerce heavily, there will come a time that cryptocurrencies, mainly bitcoin, would be legalized and be made some special regulations which ensure that it will not be used into money laundering or any other illegal activities but rather on legal stuff such as a substitute to fiat if it isn't available. Many governments are already considering creating their own crypto which I think is a hypocritical move if they still decide to ban bitcoin in the process. Needless to say, the legality of bitcoin in the coming years would be more defined than ever, knowing that the government is also inclining towards a crypto-run future.

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July 13, 2018, 11:33:39 PM
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In my opinion, many large players have earned money on the creation of the crypto currency and are now earning, including those that are in power. Therefore, they will specifically keep the crypt outside the law, to merge it into offshore.
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July 14, 2018, 01:13:36 AM
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In different countries bitcoin has accepted and stepped into a legality position. However, many consider it illegal as for its decentralization feature.
ClintonJ
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July 14, 2018, 02:46:41 PM
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The crypto currency is banned in some countries. Because the haven't realized its importance. Hopefully they will understand very soon.
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July 14, 2018, 03:14:29 PM
 #15

The development of cryptocurrency is better from time to time. In many countries, many have inaugurated crypto currency as a legitimate paying tool. Although there are also countries that openly banned cryptocurrency. This becomes very interesting to be listened to by us. Then, personally, I want to know what you think of all that? Will at any time cryptocurrency be a legal and legal world currency in all countries? Or perhaps during that time, cryptocurrency is strictly prohibited in all countries of the world?

In the global situation today, there are several governments who are slowly legalizing cryptocurrency in their country and it only means that the community for bitcoins is just slowly growing.

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July 14, 2018, 03:48:16 PM
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The countries that banned crypto's, they only know that it's a currency that can be used for something illegal and they don't know that it can also be used for something better like transacting with normal transactions.
Each country has their own unique stand about crypto's and not all of them will ban it forever. As you can see, some already declared it as a legal currency and adopted it to their society which makes them a crypto-friendly country.

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July 14, 2018, 03:54:30 PM
 #17

I think that the crypto currency will not be banned, since the state can not fight it. Most likely, some laws on crypto currency will be adopted, after which it will be legalized in all countries of the world.

Hopefully, this might happen soon but for me, it’s kinda impossible for all countries to legalize it with the fact that it can be used by terrorists and such for illegal activities. In life, there will be people who will oppose in your decisions or a specific stuffs no matter how advantageous these are, there will always be a negative side.

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July 14, 2018, 03:58:48 PM
 #18

The development of cryptocurrency is better from time to time. In many countries, many have inaugurated crypto currency as a legitimate paying tool. Although there are also countries that openly banned cryptocurrency. This becomes very interesting to be listened to by us. Then, personally, I want to know what you think of all that? Will at any time cryptocurrency be a legal and legal world currency in all countries? Or perhaps during that time, cryptocurrency is strictly prohibited in all countries of the world?

If we look at the developments of cryptocurrency enthusiasts I think in the future most state governments will legalize cryptocurrency in their country and will make cryptocurrency a valid payment instrument in the world.
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July 14, 2018, 04:04:45 PM
 #19

The development of cryptocurrency is better from time to time. In many countries, many have inaugurated crypto currency as a legitimate paying tool. Although there are also countries that openly banned cryptocurrency. This becomes very interesting to be listened to by us. Then, personally, I want to know what you think of all that? Will at any time cryptocurrency be a legal and legal world currency in all countries? Or perhaps during that time, cryptocurrency is strictly prohibited in all countries of the world?
Will at any time cryptocurrency be a legal and legal world currency in all countries?
- As long as there will be a more structured and proper regulation of cryptocurrency to be presented, by then we can assume that more countries will adopt and make use of Bitcoin as a currency.

Or perhaps during that time, cryptocurrency is strictly prohibited in all countries of the world?
- I hope that this time will not come or if is then not sooner. Cryptocurrency is still undergoing lots of criticism but we can say that there are more improvements and developments implied to it.
 

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July 14, 2018, 04:45:26 PM
 #20

I think that the crypto currency will not be banned, since the state can not fight it. Most likely, some laws on crypto currency will be adopted, after which it will be legalized in all countries of the world.
Yes, I also think that the government is unlikely to continue to ban Bitcoin in the future. They may issue laws related to Bitcoin and cryptocurrency. I think Bitcoin will one day become legalised all over the world
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