Regulation of Cryptocurrency Around the World

[Bustart]

Many country still not have regulation for bitcoin, just few country in Asia, Europe and America have allow and have regulation about bitcoin, in Brazil look have good regulation for bitcoin and in Asian country on Philippines have allowed for using bitcoin as digital payment transaction, what your country have allowed bitcoin or not?

It's interesting to know that there are already multiple number of countries that welcome to this kind of technology, this new idea and ingenuity, however some still restricted its functionalities.  In Swiss Cantons of Zug, cryptocurrencies are accepted as a mode of payment even by government agencies. The Isle of Man and Mexico also authorize the use of cryptocurrencies along with their national currency. Crypto keeps on growing and progressing, it massive adoption across the world can possibly happen eventually.

[Xxmodded]

My country will regulated bitcoin and altcoin as legal payment when have know how bitcoin and altcoin working, many government do not know about advantage and disadvantage of bitcoin and altcoin because the expert of blockhcain do  not give explanation for many country about what is bitcoin and how to use bitcoin.

[Oneandpure]

Cryptocurrency not get good service from many country around the world, they still bitcoin is not good for digital payment with price always higher and lower can't control it, but bitcoin can give more benefit if allowed as payment system because using bitcoin sending to other country easy and faster than using money have we convert to USD before,

[meliodas]

Many country still not have regulation for bitcoin, just few country in Asia, Europe and America have allow and have regulation about bitcoin, in Brazil look have good regulation for bitcoin and in Asian country on Philippines have allowed for using bitcoin as digital payment transaction, what your country have allowed bitcoin or not?

It's interesting to know that there are already multiple number of countries that welcome to this kind of technology, this new idea and ingenuity, however some still restricted its functionalities.  In Swiss Cantons of Zug, cryptocurrencies are accepted as a mode of payment even by government agencies. The Isle of Man and Mexico also authorize the use of cryptocurrencies along with their national currency. Crypto keeps on growing and progressing, it massive adoption across the world can possibly happen eventually.

If the big countries will adapt bitcoin and other cryptocurrencies then it will help to influence the smaller countries to do the same thing as well. Regulating cryptocurrency is one of the key for the people to trust the system of blockchain because they know that they are being protected by the government. So I think that the adaption of cryptocurrency will happen if there will be adaption and regulation from the big countries such as America, Russia and China.

[EdvinZ]

Adequate and transparent laws regulating the sphere of cryptocurrencies are very important for any business. Only when the laws affecting any field of application of digital financial assets begin to work fully, in a certain country, the rise of interest on the part of businessmen in the cryptocurrency industry and blockchain technology is possible.

[7788bitcoin]

Many countries do not know and sometimes do not understand what benefit or harm cryptocurrency can do, so they do not make any serious decisions.

All the countries are aware of the market but they do not understand how to regulate a decentralized global currency and all they know is that the control they have over monetary transaction will be reduced and people will have the ability to store their assets in bitcoin and that will reduce their tax unless they covert the money to fiat currency, so there are many obstacles they have to study before coming up with a regulation and banning will not be a good idea either and all of the top financial nations are aware of that.


 

[Murat]

   
I always say about the proper regulation on this cryptocurrency because it means a lot and it works as encouragement in order to make sure your safety, not only that but also regulation brings to your courage to invest here. I think it's not a big issue that some of those countries are not giving permission for cryptocurrency transaction, but it doesn't matter at all, a lot of people from those countries are still involved and working for the cryptocurrency, but in this area, in public, there is nothing related to the cryptocurrency, but time will change everything and cryptocurrency will be allowed all over the world, but the regulation process will play a positive role in this system, that's why it's mandatory for the current context

[reality18]

Many country not have regulation about bitcoin and altcoin crypto, they look afraid with bitcoin how can stop money in bank for moving to bitcoin. Always make bad rule for bitcoin as payment in some country to keep bank exist and people never joining bitcoin as investment, other side bitcoin could increase your money than bank.

The governments of these countries are only afraid about the decentralized nature of Bitcoin which does not allow them to own absolute control over the financial transactions of the people. However, as the adoption keeps increasing yearly, there will be a time these same governments will have no option than to legalize Bitcoin for the people.

[Xxmodded]

Regulation of Cryptocurrency
Around the World

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

Regulation of Cryptocurrency
Around the World

About regulation of bitcoin round the country have two kinds, some country allowed for bitcoin as investing and trading assets but not allowing for some one use bitcoin for transaction payment, other country have bad regulation where bitcoin not allowing as investment assets and payment digital. We are very happy if live with country allowed using bitcoin as investing and payment digital.

[Google+]

at this time there are still many countries that have not given legality to the use of bitcoin because I think with transactions using bitcoin the results will not be stable because the price of bitcoin is always up and down so the exchange is terrible if used for transactions every day.

[Meowth05]

Many country still not have regulation for bitcoin, just few country in Asia, Europe and America have allow and have regulation about bitcoin, in Brazil look have good regulation for bitcoin and in Asian country on Philippines have allowed for using bitcoin as digital payment transaction, what your country have allowed bitcoin or not?

It's interesting to know that there are already multiple number of countries that welcome to this kind of technology, this new idea and ingenuity, however some still restricted its functionalities.  In Swiss Cantons of Zug, cryptocurrencies are accepted as a mode of payment even by government agencies. The Isle of Man and Mexico also authorize the use of cryptocurrencies along with their national currency. Crypto keeps on growing and progressing, it massive adoption across the world can possibly happen eventually.

Well, that is kind of good news indeed! Basically Bitcoin and other cryptocurrencies are now gradually being acknowledged across the world though there are some who against it but I am pretty sure that eventually they will realize that they should go for the trend. Crypto is an innovation we should embrace for our transaction will be executed in a more efficient and fastest way.

[toast]

Many country not have regulation about bitcoin and altcoin crypto, they look afraid with bitcoin how can stop money in bank for moving to bitcoin. Always make bad rule for bitcoin as payment in some country to keep bank exist and people never joining bitcoin as investment, other side bitcoin could increase your money than bank.

that is one of the reasons why many countries whose governments prohibit bitcoin from becoming a currency that applies to the country's economy and if indeed regulation is needed for positive development between crypto and fiat currencies is likely to occur in good cooperation between the two and become economies going forward and developing in the future

[aysg76]

Most of the countries which banned cryptocurrencies are Asian developing countries having weak economies. Hence, we can draw one conclusion that conservative governments with slow economy are more tend to ban bitcoin. This signifies that Bitcoin is a sign of Economic Empowerment. Only those governments which fear that Bitcoin will take over their dominance are banning cryptocurrencies.

[sirminesalot]

My country will regulated bitcoin and altcoin as legal payment when have know how bitcoin and altcoin working, many government do not know about advantage and disadvantage of bitcoin and altcoin because the expert of blockhcain do  not give explanation for many country about what is bitcoin and how to use bitcoin.

it is true that you are conveying legality is important if it can indeed make the country's economic development more advanced and the cryptocurrency also develops as well and if by regulation can make investments with cryptocurrency safe and comfortable and the benefits can be obtained in investing of course

[agentx44]

Regulation of Cryptocurrency
Around the World

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

Regulation of Cryptocurrency
Around the World

It is a clear sign that we will soon see cryptocurrencies legal all over the world. We just need to do our thing properly and legally so that we can avoid giving bad impressions about crypto by what we are usually doing. We need to be mindful on our transactions so that the government of each country wouldn't look at crypto as a threat anymore. We need to unite and be patient because the time is near, we will all soon benefit and become the rich person we always wanted to be.

[senin]

So far, states and their various international organizations are very cautious and even reluctant to approach the general regulation of cryptocurrency circulation. This area of ​​financial relations is so new that states, even after many years of real circulation of cryptocurrency in society, still cannot decide on it and develop a unified policy in relation to it. However, this process is happening and soon we will have common rules for cryptocurrency circulation around the world. The general regulation of cryptocurrency is necessary for everyone - both states and ordinary citizens, and business structures. Without such regulation in the world of cryptocurrencies, chaos and dominance of fraudsters, thieves and various kinds of hackers will continue.

[ufaiz50]

Hope all goes green, for China ban bitcoin, crypto exchange and ICO, in some news they want to make their own digital currency, I'm surprised. Most of those who give a warning because cryptocurrency is at high risk for an investment, bubble risk and several other anonymity. Read regulatory that supports alternative bitcoin payments, it's fun.

[Oneandpure]

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.

Better to let everything be green

Don't rush. that will not happen until all of the major countries declared crypto as a legal payment system or give it a legal framework. Most of the red countries are coming from 3rd countries. They are still feeling worried about the risk in the cryptocurrency. that's fine to see that happen.
They will be changed into the green after almost the whole of countries will be adopting crypto.

Regulation only for accepting bitcoin as legal payment transaction I think is good way how to increase people investment assets, but if regulation by government to control of bitcoin and altcoin price is terrible way have doing by government, bitcoin and altcoin never have power to stop and make price in our hand because depend with how seller and buyer make price with bitcoin.

[White Christmas]

This was probably a good news for us crypto users because sooner or later all of the country will accept and regulates cryptocurrency and blockchain technology as one of the good assets for the government and country. It would be better if the regulation of the crypto becomes worldwide imagine that we are all using digital currency than paper money, but before this happens all of the country must regulate an good internet consumption and connection so that every person will be have an access in their online wallets to used their digital currency.