Bttzed03
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March 02, 2019, 09:57:04 AM |
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I don't understand why Vietnam is on the list where Bitcoin is illegal. There's a cryptocurrency exchange that is already operating there.
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Moiyah
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March 28, 2019, 08:19:51 AM |
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Bitcoin is already been known worldwide and we can not deny the fact that it has a positive impact in our industry that is why that 111 countries are not against bitcoin. Thus, trying to accept bitcoin as cryptocurrency and as a blockchain technology. Therefore, the greatness of bitcoin is being adopted all over the world.
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Beerwizzard
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March 28, 2019, 12:34:00 PM |
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Bitcoin is already been known worldwide and we can not deny the fact that it has a positive impact in our industry that is why that 111 countries are not against bitcoin. Thus, trying to accept bitcoin as cryptocurrency and as a blockchain technology. Therefore, the greatness of bitcoin is being adopted all over the world.
It is important to mention that most of those 111 countries are also not for bitcoin. The fact that BTC is legal there only tells us that you won't get in jail and government won't take your money just because you have some cryptocurrencies. Most of those countries still don't have a payment infrastructure and cryptocurrencies are not really spreaded there. So it basically means that nothing really happened.
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sngwinner
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March 28, 2019, 04:45:11 PM |
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It sounds great to see such a good number of countries have legalised btc. However, I can see my country in light green but just today, there was a news that the parliament will be passing a bill to illegalised btc use in my country
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Huskarls
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March 28, 2019, 05:06:56 PM |
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What is meant in this case is mostly the use of Bitcoin or cryptocurrency and traded with real goods such as purchases in stores, malls, restaurants, hotels or other with Bitcoin payments. In an illegal country it may be more against wanting to protect their own country's currency
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Daniel91
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March 28, 2019, 05:13:45 PM Last edit: March 28, 2019, 05:50:04 PM by Daniel91 |
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Very interesting fact. I'm not sure where is my country here. Central bank recently issued statement that bitcoin is not currency, money or financial asset.
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Duzter
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March 28, 2019, 05:31:30 PM |
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Very interesting fact. I'm not sure where is my country here. Central bank recently issued statement that bitcoi is not currency, money or financial asset.
Though your country's central bank has stated it isn't a currency, money or a financial asset you're using it through one way or the other. This is how people in most of the countries around the globe spend and make use of bitcoin as well other cryptocurrencies. Perfectly legal countries with governments support is very small in number in my opinion.
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Pab
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March 28, 2019, 09:38:20 PM |
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https://www.longhash.com/news/findings-show-bitcoin-is-completely-legal-in-at-least-111-countries"According to findings from Coin Dance, there are currently at least 111 countries where Bitcoin is legal. In many others, Bitcoin’s legal status is up for question or the currency is subject to some restrictions. ... Currently, it says Bitcoin is illegal in only the following ten countries or regions: Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam. ... There are a further nine countries where Bitcoin is classified as “restricted” according to the site. Of these nine, the two most prominent examples are China and India." https://coin.dance/poli/legality Bitcoin is legal in Algeria for sure i have crypto friend from Algeria it is even tax free in Algeria.bitcoin is not illegal in Bangladesh.You can find a lot of bitcoin ATM in Vietnam it is very popular there.It is not illegal in Macedonia Bitcoin trading is banned in China but only trading nothing more That list is a little strange and simply false Personally i never heard about country where bitcoin is illegal
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oriontab
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March 28, 2019, 09:52:00 PM |
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At least from a legal stand point, there are more support for bitcoin than there are against it. The regions where it is currently restricted is likely to be more in support of it in the coming years. Even without the current legal acceptance, it would only take a while for bitcoin to be a truly global currency, it beats all other forms of money in terms of efficiency
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mohammedmattar
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March 28, 2019, 10:12:30 PM |
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https://www.longhash.com/news/findings-show-bitcoin-is-completely-legal-in-at-least-111-countries"According to findings from Coin Dance, there are currently at least 111 countries where Bitcoin is legal. In many others, Bitcoin’s legal status is up for question or the currency is subject to some restrictions. ... Currently, it says Bitcoin is illegal in only the following ten countries or regions: Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam. ... There are a further nine countries where Bitcoin is classified as “restricted” according to the site. Of these nine, the two most prominent examples are China and India." https://coin.dance/poli/legality I would like to update these lists dear Now Qatar is moving slowly to the list of countries that allow BTC trading I think this trend will soon be clear and will have a positive impact on the entire Arab region The global adoption .. we are on the way https://www.iloveqatar.net/news/business/first-ever-e-currency-platform-launched-in-qatar
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blueteam09
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March 28, 2019, 10:18:42 PM |
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It is according to a preliminary understanding of some countries in the world. Our country is on the list of countries that accept Bitcoin, but this is not true. Legally my country is a country that has a standard set up with Bitcoin. You have ownership of Bitcoin or Altcoin but are not allowed to use it for life exchanges involving FIAT exchanges.
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xWolfx
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March 28, 2019, 10:33:00 PM |
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Trading Bitcoin is legal in most of the countries .Japan is legal to Bitcoin, Nigeria too is legal for Bitcoin trading .In Indonesia Bitcoin trading is not allowed but they will bring regulations and there are some restrictions regarding Bitcoin trading and in Vietnam Bitcoin trading is legal . Bitcoin is illegal in countries like Afghanistan ,Algeria,Bangladesh ,Bolivia ,Pakistan ,,Qatar ,Republic of Macedonia ,Saudi Arabia. ,and Vanuatu .Bitcoin is restricted in China and India and in rest of the countries by the creator.Bitcoin is legal the biggest fact that makes Bitcoin acceptable is the vision behind it by the creator .
Yeah, governments are being pretty open minded as a regular rule. With some exceptions, especially some "authoritarian" regimes which try to release their own Virtual Currency and for that reason they normally don't like competition in that aspect. Now the thing is waiting for it to stabilize and then for more wide adoption to come and we will use it regularly without any issues from my point of view.
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goaldigger
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March 28, 2019, 11:13:32 PM |
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https://www.longhash.com/news/findings-show-bitcoin-is-completely-legal-in-at-least-111-countries"According to findings from Coin Dance, there are currently at least 111 countries where Bitcoin is legal. In many others, Bitcoin’s legal status is up for question or the currency is subject to some restrictions. ... Currently, it says Bitcoin is illegal in only the following ten countries or regions: Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam. ... There are a further nine countries where Bitcoin is classified as “restricted” according to the site. Of these nine, the two most prominent examples are China and India." https://coin.dance/poli/legality Amazing how bitcoin makes an expression to the world knowing that there are only 10 countries who are against it. 111 to 10 is not bad and we can take that percentage as an isolated case. We cannot help those people with a different perception in crypto. Just hope those 111 countries will change those whose 10.
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Aikidoka
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March 28, 2019, 11:25:53 PM |
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That's seems so good if there is around 111 countries that legalized bitcoin to be used, And fortunately that my country is one of them. I think sooner or later bitcoin will be used in the whole world as this technology will dominate and the uses of real money will be like a traditional way to pay in the future. This it will be happen when the internet will be used worldwide and also when the bitcoin community will be more larger.
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juragane
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March 28, 2019, 11:48:38 PM |
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I think the whole lot of countries that are listed as legal status for bitcoin are just positive for it as digital assets. Otherwise, if all create legal status for bitcoin, then the acceptance level would have grown more than what we have today. I think most of them are just positive.
the digital era has become more evident if we have seen many countries that use bitcoin as a means of buying and selling them. So the world single currency will soon be realized in place of the dollar that has been used by all world trade activities. this is good news for all multinational entrepreneurs, they will avoid dependence on the dollar that has been controlled by the Americans.
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Sithara007
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March 29, 2019, 03:25:53 AM |
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It may be de jure illegal in less than a dozen nations, but that is not the complete story. It is de facto illegal in a number of other important nations such as China and India, where the legislation is getting more restrictive with every passing week about the crypto usage.
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BeGoods
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March 29, 2019, 05:37:39 AM |
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It may be de jure illegal in less than a dozen nations, but that is not the complete story. It is de facto illegal in a number of other important nations such as China and India, where the legislation is getting more restrictive with every passing week about the crypto usage.
And some countries that have not provided a response certainly does not mean they legalize bitcoin. if many countries legalize as said to reach 100 countries, of course the influence is very large for the market, while at present the market is still weak due to lack of support
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LogitechMouse
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March 29, 2019, 05:52:11 AM |
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I'm not surprised that there are some countries who are not supporting Bitcoin but this is a fact that Bitcoin has been introduced to many countries around the world already.
Now the question is will the people use Bitcoin in the future? Yeah, they know it but will they use it? But anyway, I'm happy that many countries legalized Bitcoin already.
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Nadziratel
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March 29, 2019, 06:14:13 AM |
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I'm not a man of law, but I know it's different. I think the some countries marked green, and the places that are marked green are showing no legal and non-ban countries.
But it's something different. For example, there is no prohibition in my country. But there is no legal regulation. And marked green. But in order to be legal, I think that a legal arrangement should be made in this country.
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kawetsriyanto
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March 29, 2019, 06:21:47 AM |
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If the news and source is really a fact, I'm sure that Bitcoin will be greater again in the future. Many more countries that accept Bitcoin will make this crypto grows bigger. Moreover, it doesn't close the chance that there may be other countries (restricted) will also change their regulation and allow bitcoin. What we must consider right now is that we must support the presence of Bitcoin, spread the positive news of this instead of the negative news (mostly about money laundry and terrorism).
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