US or China: Who do you think will legalize bitcoin first?

[Mpamaegbu]

The Americans are a liberal society and are far apart China as long as governance and mannerisms are concerned. The only thing that makes China square up to the US is the huge economy it parades because of its gargantuan population that runs into billion. China is a conservative society. I believe bitcoin will be first adopted in the US long before the Chinese finally embrace it. We should also remember how China flunked the opportunity of becoming a lead nation in bitcoin when it banned all crypto activities and exchanges in 2017. And this damage may be very had to undo.

[1714761029]

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[1714761029]

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[Eraldo Coil]

I  read many articles saying that bitcoin will never be legalize on china because many people are using it as scams and only few market are "legal" to use but without the government papers. It is very hard for bitcoin to become legalize there because it is just virtual and it is very easy to penetrate the system.

[sieunhan_dingu]

Perhaps Japan is the first country to accept BTC. I’m living in Japan, in here I can buy a PC and pay by btc in Bigcamera, buy cafe in akihabara and pay by BTC, MONA.... Recently the Japanese government also encouraged people not to use cash. They have a pretty open mind about the BTC.

[rosesocola]

I also think China will legitimately bitcoin in advance. Because limited government to impose laws that could jeopardize the savings they have earned. Many Chinese nationals previously deal with government officials and now Nowadays they are building their "bitcoin" facades. The whole Internet will gradually migrate to Blockchain technology, I think they will set the rules for it. We have seen tremendous development. in the Chinese team! Who has seen NEO yet? Walton, QTUM also acted again. There are countless great ideas in the world, not to mention digital money.

[giantrobot]

China is a more modern country than the United States. So in China it requires electronic money to keep up with the times. The United States will not do this soon, because they are trying to protect their economy.

[Slow death]

the answer to this question is very simple: see the political system of china and see the political system of the usa, china are communists and hate bitcoin, they control their citizens, then how the hell a country like china would regulate bitcoin? that would be impossible But the US are different, in the future they can regulate bitcoin

I think It would be china...

I think this is impossible.

I don't understand why so many of you think that China will legalize it. China is the county with a highly censored Internet and a country that has fought Bitcoin since 2013. They  banned banks from doing business with cryptocurrency exchanges, they forced miners out of the country. Do you really believe they'll suddenly change their mind?

I agree, many people forget how the Chinese government is very dangerous for the whole world.

[PaulRobertT]

I'm not sure about that, as I don't have good understanding about the market of china and US market. If you have good sources , can you supply me.

[Kick]

As we know bitcoin is strictly prohibited in most of the countries due to having various lame issues and fair issues. Since bitcoin is controlled by decentralizing way so there is no specific laws to maintain this crypto market. In my point of view, I can go for China, China is country where cryptocurrency finds its real place to extend its area of advertising more about bitcoin smoothly. So US and China in both of this country, I ponder China will legalize bitcoin first for its popularity. On the other hand, bitcoin is becoming extremely popular to the people of China for Making plenty of money in a very simple way.

[Robertqueen2]

China will the first to legalize and regulate Bitcoin in addition to other cryptocurrencies, but China tries to create a law that allows it to have a copmlete control over this business, and will be a problem for the chinese investors.

[ophyrim]

The answer is simple; US will legalize the bitcoin first. But China will control it. There is a huge economic war between US and China at the moment and China doesn not want to use USD at the international markets and want to damage USD. China (and the Chinese companies) is also the biggest USD dolar investor. Just think what is going to happen if China will sell USD and start to use BTC for example.

[hitrawal91]

Just curious which one would be more accepting of bitcoin or any cryptocurrency for that matter. China nowadays seem to headline a lot about artificial intelligence and other technology. They are also promoting a cashless society. So I am betting on China.
Feel free to contradict. This is just me overthinking. Maybe, neither would even legalize it in the future. Or perhaps countries would create their own crypto?

Even I think neither of them will legalise Bitcoin and I have a point.China and America right now are the greatest competitors in the global market and if anyone who legalise Bitcoin that means there own centralized currency get weak and thus making there hold the market weak.This will be unaffordable to any nation specially at this time. Don't know whether I am correct or not please let me know.

[Inspiron14]

Just curious which one would be more accepting of bitcoin or any cryptocurrency for that matter. China nowadays seem to headline a lot about artificial intelligence and other technology. They are also promoting a cashless society. So I am betting on China.
Feel free to contradict. This is just me overthinking. Maybe, neither would even legalize it in the future. Or perhaps countries would create their own crypto?

I agree with you, China seems to make everything whether it's technology or other fields. does not rule out the possibility that China will make its own cryptocurrency. And when we discuss it here, maybe there is now a team of experts working on it. 

[BitcoinHodler]

China will the first to legalize and regulate Bitcoin in addition to other cryptocurrencies, but China tries to create a law that allows it to have a copmlete control over this business, and will be a problem for the chinese investors.

i don't think the Chinese government is dumb enough to think they can control bitcoin. specially when they release their altcoin ranking every now and then it is completely clear that they already know they can not control it which is why they are so happy about the centralized altcoins that they have more control over.

[iTradeBit]

I think China will insist on prohobotion and the US will be first.

[ganlianshifu1]

I think the United States will recognize BTC first than China!
Because Wall Street in the United States is the financial center of the world, the capital market will promote the legalization of cryptocurrencies!

[@boy76et]

I think US will legalize BTC first than China.

[GemmaJon]

It is really hard to say which country will legalize bitcoin first , because  both China and Us has their both own strong advantage.

[Isiaka208]

The US may likely do that first as china is always looking for cheap opportunities. The US is also in competiton with China as it has always accused China of flooding everywhere with take stuffs.

[funkenstein]

Bitcoin has always been legal in both the US and in China.  Having lived in both places and now living in China I could tell you more, but otherwise your question seems misphrased.  Here people are certainly more ready for mass adoption of public coin because virtual currencies are already the predominant method of payment, but the coins are privately issued - wechat and alipay tokens mostly.  Publicly issued coins like bitcoin et al. are used but mostly just for trading and person to person.  China is certainly a more free environment in most every aspect especially economic, but app stores here don't have bitcoin wallets and I haven't seen any public coin used in a retail setting, whereas in the US there are quite a few establishments using it as a retail payment method not just for person to person or business to business transactions.  
    

[Wingzcrypto2018]

Just curious which one would be more accepting of bitcoin or any cryptocurrency for that matter. China nowadays seem to headline a lot about artificial intelligence and other technology. They are also promoting a cashless society. So I am betting on China.
Feel free to contradict. This is just me overthinking. Maybe, neither would even legalize it in the future. Or perhaps countries would create their own crypto?

For me China is much more ahead to legalize bitcoin rather than US,it is because China nowadays is one of the largest Bitcoin mining farm average in the entire world. Even there's a lot of issues that China banned bitcoin before but time has changed, that's why this country has the biggest percentage average in terms of bitcoin mining rigs.