When cryptocurrencies are legalized

[Red-Apple]

there is no such thing as "official" in a decentralized market because there is not centralized authority to make anything official. and as far as legalization goes "bitcoin" which is the only thing that is important is already legal in most of the world and it has been accepted by all those who are already in the market as the currency they are going to use while altcoins are the profit making machine for them.

[VK.point]

So far maybe only Bitcoin (BTC) and Ethereum can afford to buy some items. The main reason is the legality that is still not maximally accepted by all countries. Maybe that's all I know for now, because I've also never bought goods or services using Bitcoin or cryptocurrency. But I use it for investment and crypto trading. Please be patient, maybe a few years to come good news for crypto receipts as a legitimate transaction tool will be legalized. We also wait for that.

[jackflag]

It seems to me that cryptocurrency will not be implemented en masse.  It will be implemented in small countries to see how it will work.  And then already all over the world.  But do not believe it will be fast.

[Barbut]

One day, sooner or later, and not all of the cryptocurrencies will be accepted everywhere like its case with bitcoin. Even bitcoin needed 8 years to be accepted legally in some countries, all started in 2017 when Japan accepted it. Take a cryptocoin you wish, find out when its created give it 10 years and you will have some closer answer about when you can expect some cryptocoin to be legalized in at least one country.

[cabron]

Which coins will remain as the official currencies for goods etc. ? What do you think?

This is one of the most important questions for the market. The most recent G20 meeting was decided on this issue. But we haven't seen any progress yet.

They can't decide yet unless they create another one that all of these 20 countries gives a nod and agreed to at least a vault of it. But even if they could root for one coin, BTC will always be on the list of everyone. If US however are taxing BTC holders, then we can already considered crypto to be legal.  There are stores accepting BTC therefore its going to be an accepted currency and its just a matter of time that we'll see it regularly used in the streets.

[guoyu78]

Which coins will remain as the official currencies for goods etc. ? What do you think?

I'm a bit confused here??? Like you mean conventional currency? If that's what you mean, cryptocurrencies getting legalized doesn't mean that they are replacing any currency. They will still remain what they are which is crypto currency, and we are still going to have fiat which is the main currency we are using now and we still be using then.

Cryptocurrency being legalized means that there will not be any laws stopping you from making use of cryptocurrency, you will be free to make use of it if you wish to. But this means that it will be regulated and the government will likely to charge fees for it.

[AltcoinsBattle]

In fact, the legalization of cryptocurrency was not originally conceived. Since until recently there were no cryptocurrency, no laws could prohibit its use. This is a free, unregulated environment with a side effect of fraud. If this problem is solved technically (without regulation), the cryptocurrency will remain free. Otherwise it is a step backwards.

[jonaire99]

Bitcoin has been legalized in some countries like Japan but majority of the gkvernment are still studyjng the possible effects in their economies once they allowed the bitcoin as a currency in their countries. Others might opted to impose regulations before legalizing  any cryptocurrency to minimize any bad effects. It will take time before any government decides to legalized cryptocurrencies and to become a legal tender, there must be a law to make it happen.

[kodtycoon]

of course it will belong to bitcoin, but when cryptocurrency is legalized i'm sure there are many other crypto or altcoins that will become an alternative and will be adopted by many companies and of course it will be a very good commodity in terms of transactions

[Iyanu14]

Which coins will remain as the official currencies for goods etc. ? What do you think?

Bitcoin has been leading all other cryptocurrency from inception of cryptocurrency, when crypto is legalized i think bitcoin will remain the official and altcoins will be the subordinates.

[AUDI_A6]

Monero - the only decentralized coin was removed from the Local Bitcoin as a means of settlement. Only those coins that can be controlled and regulated can be legalized.

[Shasha80]

I rarely think if the cryptocurrency must be legalized in my country or my imagination because it is very impossible, the most important thing for me is that I can still benefit from crypto so I will continue to enjoy until now

[sanida]

I think only if the coins are listed on the top 100's in the coinmarket cap as you can see some of the coins that are listed in the under 100 are often become trash or what they called shitcoins. it never reached its potential after it falls. so to remain genuine or legal they might need to make a full development of their project to be legalized.