Regulation of Cryptocurrency Around the World

[D3m1r4wanti]

every country in the world has a different view of crypto currencies because of the wider spread of crypto currencies in the world, so almost all the world regulates crypto currencies. for their kindness

[Ranly123]

Regulation of Cryptocurrency
Around the World

You can find a list of 130 countries in this document.

Regulation of Cryptocurrency
Around the World

Of course it should be regulated for the security of each country's economic growth. At first, regulation is not be needed but with some people abusing it through scams which leverage on people's money, I believe it should be regulated to minimize those abuse.

[wuvdoll]

I think "illegal" countries are not making it illegal because they think cryptocurrency is bad for the people. Laws are there to protect people so when you ban something and deem it illegal you are not doing it for personal agenda most of the time (or at least you shouldn't) but because you want to protect the people, at least what laws should be about.

The more time passes on bitcoin the more people from the law makers will realize what it is and considering the biggest countries like USA and UK and similar are making it legal I am sure those countries that made bitcoin illegal will watch it closely and see how it works on those countries and then will make it legal for them the same way as well.

It will just take a lot of time because smaller countries usually have very slow paperwork process and it will take years but eventually it will happen for sure.

[b3llsf1l3s]

Actually the implementation and influence of the regulation itself does not have any impact until now, arguably so far the regulation is only a formality for crypto needs in the future. Do we really need it ? I think we just had to say that regulation only can be used in certain country.

[South Park]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

This is bound to change governments are still not that worried about cryptocurrencies because they still see it as a from of money with almost no relevance but give it a few decades and they will begin to see the effects on the general population and that is when they will attempt to ban it, at that point two things can happen, people could oppose such a measure and if the opposition is strong enough politicians could be forced to leave crypto alone, this could happen in democratic countries where people appreciate their freedom, but in dictatorial countries there is not going to be opposition, or if it is it will be weak, and you can be sure that in those countries crypto will be banned.

[mersal]

Everything must be created for making it more powerful so I definitely agree the regulation of cryptocurrency will makes the Crypto to reach each and every people in this world but some of them have not been important to access that's why the people will not been taking it as a serious decision.

[hahahafr]

It's a good idea to establish some rules and regulations to control the activities in the crypto community. This would improve the confidence that other investors would have in the crypto market. Hopefully this would also help reduce all the fraud and scam project in the crypto community.

[rijaljun]

It's a good idea to establish some rules and regulations to control the activities in the crypto community. This would improve the confidence that other investors would have in the crypto market. Hopefully this would also help reduce all the fraud and scam project in the crypto community.

And.. this is not something that could be done by anyone in crypto community. It depends on the country itself to apply some rules regarding cryptocurrency so every country will be different each others.

[galundan9]

It's a good idea to establish some rules and regulations to control the activities in the crypto community. This would improve the confidence that other investors would have in the crypto market. Hopefully this would also help reduce all the fraud and scam project in the crypto community.

And.. this is not something that could be done by anyone in crypto community. It depends on the country itself to apply some rules regarding cryptocurrency so every country will be different each others.

I think if all the countries in the world had the same rules to legalize the existence of cryptocurrency, it would make a good situation for crypto
It is very regrettable if in a country the crypto community is very large but the government in that country prohibits it
even if the government can take part like other countries that have legalized tax collection, it will be able to make the country's economy slightly increase

[fauzan Ichsan]

It's a good idea to establish some rules and regulations to control the activities in the crypto community. This would improve the confidence that other investors would have in the crypto market. Hopefully this would also help reduce all the fraud and scam project in the crypto community.

And.. this is not something that could be done by anyone in crypto community. It depends on the country itself to apply some rules regarding cryptocurrency so every country will be different each others.

I think if all the countries in the world had the same rules to legalize the existence of cryptocurrency, it would make a good situation for crypto
It is very regrettable if in a country the crypto community is very large but the government in that country prohibits it
even if the government can take part like other countries that have legalized tax collection, it will be able to make the country's economy slightly increase

for all countries legalizing cryptocurrency, I think it still takes a long time. especially for underdeveloped countries that have many limitations. but for countries that have been able to legalize it, of course the tax sector can help develop the country

[kumala_abi]

It's a good idea to establish some rules and regulations to control the activities in the crypto community. This would improve the confidence that other investors would have in the crypto market. Hopefully this would also help reduce all the fraud and scam project in the crypto community.

And.. this is not something that could be done by anyone in crypto community. It depends on the country itself to apply some rules regarding cryptocurrency so every country will be different each others.

I think if all the countries in the world had the same rules to legalize the existence of cryptocurrency, it would make a good situation for crypto
It is very regrettable if in a country the crypto community is very large but the government in that country prohibits it
even if the government can take part like other countries that have legalized tax collection, it will be able to make the country's economy slightly increase

for all countries legalizing cryptocurrency, I think it still takes a long time. especially for underdeveloped countries that have many limitations. but for countries that have been able to legalize it, of course the tax sector can help develop the country

till now on i am not heard yet about taxes from cryptocurrency, although their country legalized it.it will take long time for us and maybe after 2020 could be done.

[smyslov]

In two years time these countries that marked Bitcoin illegal will become green, these are small countries, not really the powerhouse in terms of economy, they cannot keep up banning Bitcoin, they will soon become pressured by these powerful countries that support Bitcoin.

[sana54210]

Actually the implementation and influence of the regulation itself does not have any impact until now, arguably so far the regulation is only a formality for crypto needs in the future. Do we really need it ? I think we just had to say that regulation only can be used in certain country.

It’s through regulation that we can fully get the back up of government for crypto currency, we all know that whatever government stands against will always backfire for one, because government are so good at witch-hunting.

One of the reason why we also need regulation is for adoption purpose, we have some industries, some people that goes by government rules a lot before taking action, especially countries that really respect the Rules of law, and since we are talking about internet generally for cryptocurrency, even if the cryptocurrency has an in built defense anonymous mechanism, government will still have a way to trace its user if done without permission.

[btcmegastar]

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

And in that time, the mass adoption will fully be completed because all country in the world decide to use cryptocurrency daily and we will see a whole new era at that time. The regulation in each country will not be the same, and it follows the situations on that country, and I think the government will have time to discuss on what kind of regulation that they will apply for the cryptocurrency.

at this time , much countries already to admit that bitcoin or cryptocurrency were usefull for them in any field.and some of them has soft regulation about cryptocurrency and they allowed merchants in their country accept bitcoin or other crypto.this is will be good start and will bring positive impact to market

Very few countries are allowing their people to start using the cryptocurrency but we don't know whether they are directly allowing the customers for trading the coins. Many countries don't have proper regulation for the cryptocurrency but still, people are showing a lot of interest towards the cryptocurrency.

[imstillthebest]

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

And in that time, the mass adoption will fully be completed because all country in the world decide to use cryptocurrency daily and we will see a whole new era at that time. The regulation in each country will not be the same, and it follows the situations on that country, and I think the government will have time to discuss on what kind of regulation that they will apply for the cryptocurrency.

at this time , much countries already to admit that bitcoin or cryptocurrency were usefull for them in any field.and some of them has soft regulation about cryptocurrency and they allowed merchants in their country accept bitcoin or other crypto.this is will be good start and will bring positive impact to market

Very few countries are allowing their people to start using the cryptocurrency but we don't know whether they are directly allowing the customers for trading the coins. Many countries don't have proper regulation for the cryptocurrency but still, people are showing a lot of interest towards the cryptocurrency.

If the country bans crypto , no one uses it  .   so far it has been said that there are now over 100+ countries that currently legalize cryptocurrencies  . this number is huge but i dont know or i dont think that there are countries that regulize cryptos because what i know is that cryptocurrencies are decentralized and cannot possibly be control by any entity  . 

 i forgot that there are also know to be centralized cryptos such as xrp , i think this are the ones that can only be regulated .

[Supercrypt]

at this time , much countries already to admit that bitcoin or cryptocurrency were usefull for them in any field.and some of them has soft regulation about cryptocurrency and they allowed merchants in their country accept bitcoin or other crypto.this is will be good start and will bring positive impact to market

That is right, we have some retailers in some countries that are crypto friendly already using bitcoin and accepting bitcoin as payment method, this is a great stepping stone and they will set an example to other countries who are yet to adopt it to see that its benefits to them, is far more than what they call threat to them.

I feel most countries that are regulating crypto now are still smaller countries and we really need countries with larger populations and business countries like china to fully adopt and regulate crypto, but I don’t know why china is still fighting cryptocurrency, despite the fact that most of our miners are from their and generating money for china government through mining.

[justspare]

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

And in that time, the mass adoption will fully be completed because all country in the world decide to use cryptocurrency daily and we will see a whole new era at that time. The regulation in each country will not be the same, and it follows the situations on that country, and I think the government will have time to discuss on what kind of regulation that they will apply for the cryptocurrency.

at this time , much countries already to admit that bitcoin or cryptocurrency were usefull for them in any field.and some of them has soft regulation about cryptocurrency and they allowed merchants in their country accept bitcoin or other crypto.this is will be good start and will bring positive impact to market

Very few countries are allowing their people to start using the cryptocurrency but we don't know whether they are directly allowing the customers for trading the coins. Many countries don't have proper regulation for the cryptocurrency but still, people are showing a lot of interest towards the cryptocurrency.

If the country bans crypto , no one uses it  .   so far it has been said that there are now over 100+ countries that currently legalize cryptocurrencies  . this number is huge but i dont know or i dont think that there are countries that regulize cryptos because what i know is that cryptocurrencies are decentralized and cannot possibly be control by any entity  . 

 i forgot that there are also know to be centralized cryptos such as xrp , i think this are the ones that can only be regulated .

If government is to regulate crypto, I am sure they will jointly encourage more of centralized crypto like XRP or probably create their own currency that will make it easier for them to regulate, so in the end, bitcoin might be the only standing decentralized currency.

The trend will then change t to centralized token, which is why for now, bankers are backing XRP more than other token out there. Imagine each of the countries we have in this world unitedly agree that each of them gets experts in blockchain to write their cryptocurrency code that will enable them to be able to regulate the activities of uses, the system will still run on blockchain but centralized, which I am sure they will enforce it in people.

[Best Dreams]

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

And in that time, the mass adoption will fully be completed because all country in the world decide to use cryptocurrency daily and we will see a whole new era at that time. The regulation in each country will not be the same, and it follows the situations on that country, and I think the government will have time to discuss on what kind of regulation that they will apply for the cryptocurrency.

at this time , much countries already to admit that bitcoin or cryptocurrency were usefull for them in any field.and some of them has soft regulation about cryptocurrency and they allowed merchants in their country accept bitcoin or other crypto.this is will be good start and will bring positive impact to market

Very few countries are allowing their people to start using the cryptocurrency but we don't know whether they are directly allowing the customers for trading the coins. Many countries don't have proper regulation for the cryptocurrency but still, people are showing a lot of interest towards the cryptocurrency.

If the country bans crypto , no one uses it  .   so far it has been said that there are now over 100+ countries that currently legalize cryptocurrencies  . this number is huge but i dont know or i dont think that there are countries that regulize cryptos because what i know is that cryptocurrencies are decentralized and cannot possibly be control by any entity  . 

 i forgot that there are also know to be centralized cryptos such as xrp , i think this are the ones that can only be regulated .

In my country as well people are using crypto currency to buy and sell goods, we can use crypto currency whenever we need it some are only using it to store for longer for profit some are using it to pay bills and to pay tuitions fee etc, so in short if crypto currency will be regulated it is another achievement for crypto currency users.

[Whosdaddy]

There are lots of countries that doesn't have any law that governs cryptocurrency and most of these countries are in the African continent. But one thing I never knew that countries where Bitcoin is legal is as much as this. The green on this map/list is too much, which means that there are lots of countries where Bitcoin is considered legal.

And that means that people are free to make use of it as they would use a real currency. As for places where' it is illegal anyone that makes use of it attracts punishment. Countries that doesn't have laws for cryptocurrency seems like it is not that popular there. So their government is not thinking of setting any laws for it.

[rdluffy]

Very interesting thread
Here in Brazil, BTC is legal, but the government started to make laws and every single transation have to be declared on our tax system, every transaction

People are laughing right now because it's impossible to do that, I don´t know abou future, but I'm a little worried