Some information on Bitcoin

[Jawhead999]

@OP are you forget to write "gambling is bad" in the last sentence?

If a country want to make money, they can accept everything including the unethical for many people e.g. Bitcoin, gambling, alcohol, drugs, selling organs, selling weapon etc. There's a big demand for such thing, the country can tax and make money from it. But the government need to work and accept the risk by legalizing these stuffs.

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[kryptqnick]

Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

Even though the post is short, there are plenty of dubious statements and ways of phrasing things here. The USA isn't against Bitcoin, but the SEC refuses to regulate it, the Congress is considering mining restrictions due to environmental concerns, and Bitcoin is taxed heavily. Then you say European countries, but include Mexico and Japan in the list. Oh, and the UK, while generally supportive of Bitcoin, also has some restrictions, such as shutting down Bitcoin ATMs.
Bitcoin is a good currency, but whether it's the best is a matter of opinion and what we put into the word "best".

[khiholangkang]

I want to catch some information about Bitcoin?

Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.

If I should ask "What do you mean by to support Bitcoin?" Or are you referring to legalizing it as it's been done in some countries (e.g El Salvador & Central African Republic), because if that's the case & what you are referring to then I think you just need to understand that the fact that BTC is not legalized in a country, it doesn't mean it's prohibited or a crime for someone to buy or invest in it as an alternative asset for the future. And as such, there are some people who still own Bitcoin in a non-Bitcoin environment through the help of p2p, which anybody can use same medium to get their first BTC

Maybe the intention is to trade it, not support it as a medium of exchange or currency, as far as I know the countries mentioned prohibit bitcoin trading.
Yes, only El Salvador legally accepts payments using Bitcoin for transactions, there are several Latin American countries that also want to do it, but I no longer follow the updates.

To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

Point of correction, I will like to say that supporting Bitcoin by a nation has nothing to do with boasting it's economy, as there are more other factors that contribute to economic growth, such as the availability of in-demand  natural resources a country has and e.t.c, but if you meant individual growth, then I can agree with you that's where bitcoin comes into play

How can you support individuals? what about those who have a small economy or can be said to be poor and cannot buy more bitcoins, and of course if it works rich people will buy it first in large quantities.

[GiftedMAN]

Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

For now I don't think all the countries of the world will buy the idea of supporting bitcoin as a legal tender in their country, here are few points.

 1) Local currency (fiat): believe this all not almost all the countries of the world values their local currency more than anything else even when the values are depreciating they still believe that since it has existed for many years they wouldn't want any alternative that they know nothing about.

2) Governmental influence: governments and her agencies has played a major role in determining the acceptance of cryptocurrency in the country because they understand that Bitcoin is not like the local fiat currency that can be regulated and controlled by them so they wouldn't accept it hence their won't be in control of their citizens financial dealings if bitcoin is accepted in the country.

Personally I support the acceptance of bitcoin all over the world but bitcoin does not guarantee the total economic growth of any nation because it is not a Ponzi scheme investment but rather it can improve the financial situation in the country if the their in increase in the price compared to when one invested in it andore over, all the countries that accept bitcoin currently are not listed as the richest countries in the world but with time they can get to the level.

[BVeyron]

Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

I suppose that some countries can get benefits in case of btc legalization, while for some other countries it may turn out to be a disaster. In general, money system of any country is based on traditions, so any financial innovation has benefits and drawbacks. Some countries have a good internet coverage and powerplants, while others experience problems with networks and energy supply... Moreover, there are many countries (and territories), which can't introduce innovative fintech solutions due to the fact that many people there don't have a smartphone... So, the outcome of btc legalisation depends on multiple factors...

[TheSpiral]

Most of the countries have accepted bitcoin but there are many other countries which will not accept bitcoin due to some issues in those countries but according to my suggestion every country should legalise that things which are profitable for the economy of citizens as well as country. Government will never accept bitcoin until it turn from decentralized into centralized as those things which are not under their control are sometimes use as illegal works which will be bad for both humans and country.

Everything happens for a reason so when country don't allow bitcoin investment so may be it is better for you because country's situations are better understand by government as compared to citizens.

[Youngkhngdiddy]

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Everything happens for a reason so when country don't allow bitcoin investment so may be it is better for you because country's situations are better understand by government as compared to citizens.

Bitcoin is the most talked about project currently in the world. And it’s has grown widely over the years, spreading wide across the globe. We all saw how steadily the project went. The use of bitcoin comes with its own advantages and also disadvantages, but in my opinion I feel the advantages are greater than the disadvantages. One of the advantages of bitcoin is the decentralization. Another is the fast and swift transaction process and it’s transparent. There are lot of advantages to take from using bitcoin. As we all know what ever has an advantage will also have its disadvantages. The government of some countries are being skeptical about adopting this new technology due to its high black market activity. But all this can be controlled by the founders of the project. The Government can work in hand with these companies to better manage the use of bitcoin.
Bitcoin as we all have improve the life of some people. And it will continue to improve if properly invested and regulated.

[harapan]

Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

If we expect governments to accept bitcoin as a currency or means of payment to replace fiat, then I think it will be very unlikely, because we also know that they cannot control it, so their acceptance of it is very unlikely. So far, many countries have stopped being hostile and accept bitcoin, but most only consider it a commodity. No country has yet accepted bitcoin as currency except El Salvador which has accepted bitcoin as legal tender. But what I know they are also focusing on investing in bitcoin rather than adopting it to completely replace fiat currency.

It's not really going to be easy to accept bitcoin globally,bitcoin is a good cryptocurrency but its not all that consider it to have the same value.Bitcoin only benefits people that utilize it with caution and knowledge.If many of us have listened to the critics and misconception that people have laid,bitcoin wouldn't have attention and gained recognition.The financial technology is enjoying the benefits of having bitcoin in it so far.What gives it value more is the ability to stand out and rehabilitate the financial system to all bitcoin enthusiasts.
 Bitcoin advocates users to a decentralized structure built on trust and networking transparency.

[Ojima-ojo]

Just as you have the right to support Bitcoin so do other people too who believe that Bitcoin is harmful to their economy, and for that, they outright procrastinate in taking the time to properly study and analyze the potential that is embedded in Bitcoin, although some countries around the world are beginning to come to terms with the reality of the advantage of adopting Bitcoin and one of those countries are El Salvador who announced Bitcoin adoption sometime in 2021 which make a significant change in the country economy as the various Bitcoin holdings, are at high profits by now considering bitcoin current price.


One more thing, you will need to work on the thread because it lacks the needed content to make a good discussion,  i advise you to consider locking the thread.

[Smack That Ace]

Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

I'm a bitcoin supporter, a bitcoin investor, but I'm very realistic. I want to ask, are you an expert or economic advisor? On what basis do you assert that if countries accept bitcoin, their economies will definitely improve? For a country's economy to function, thousands of factors are required to create it. How can relying on bitcoin alone improve things? Bitcoin is money, a highly volatile investment asset, it is not a panacea or panacea. We need to be realistic and focus on improving the economy for ourselves and our families instead of giving advice that is beyond our understanding.

[FinePoine0]

Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

Countries that have legalized Bitcoin use Bitcoin openly, but countries that have not legalized Bitcoin use Bitcoin secretly. As you have mentioned some of the countries here, among them Bangladesh and Morocco I know some people online. I asked my online friends how to use bitcoin in your country, he told me that we use bitcoin secretly but our government doesn't pressure us in any way. We can safely use bitcoins properly.

So I say bitcoin is used in almost all countries but secret and open these two methods are used in all countries.

[retreat]

Supporting Bitcoin depends on the government's decision in that country and there is no obligation for a country to support Bitcoin, they are free to ban or support Bitcoin. Especially in countries that are currently having difficulty increasing the value of their currencies, it might give the impression that they will be very protective of their economies and banning Bitcoin is one way to protect their currencies.
Moreover, regardless of whether these countries support it or not, Bitcoin will continue to develop in the future, so there is no need to worry about countries that ban Bitcoin.

[Zanab247]

Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.

  If you look at the countries that supported BTC in their countries, you will know that they are doing well and their economy is making progress since they allowed their citizens to have access to decentralized currency which is the best thing a knowledgeable government can do to allow in the country.

Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

I believe they will support BTC Soon because, they have seen what those countries that supports BTC are enjoying in their economy which it will also allow them to enjoy the same favour if only they can support BTC to be among the countries that is supporting BTC in this year 2024.

[synchronym]

Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

Bitcoin is one of the most popular projects in the world, day by day Bitcoin is becoming more popular and people are showing interest in investing in Bitcoin. Perhaps Bitcoin is legalized in many countries around the world whose governments have the power to regulate Bitcoin. But Bitcoin is not legal in our country maybe or the government is completely failed to manage it so the government of our country has not given decency to Bitcoin in our country. Due to some unscrupulous black market trading, it is better to have Bitcoin illegal than to lose the ability to manage it properly. But if Bitcoin was legal then maybe the common people of our country could work on Bitcoin more peacefully.

[SeriouslyGiveaway]

Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

People can see Elsavado's example and assume that every country can succeed by supporting BItcoin as a currency. Things are not that simple. A country's currency is associated with many more complex things than we think. In addition, there must be determination from the country's leaders when the pressure from larger countries and from the International Monetary Fund (IMF) is huge. They will never want your country to use Bitcoin as currency, because if so, small countries will no longer be dependent on them, but will have the right to self-determine when using Bitcoin, because Bitcoin simply can't be printed like as fiat currency.

[Ayers]

Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

People can see Elsavado's example and assume that every country can succeed by supporting BItcoin as a currency. Things are not that simple. A country's currency is associated with many more complex things than we think. In addition, there must be determination from the country's leaders when the pressure from larger countries and from the International Monetary Fund (IMF) is huge. They will never want your country to use Bitcoin as currency, because if so, small countries will no longer be dependent on them, but will have the right to self-determine when using Bitcoin, because Bitcoin simply can't be printed like as fiat currency.

I think being opposed by other countries or the IMF is not a matter of concern. The main problem is that even if a country completely eliminates fiat currency and uses bitcoin as its main currency, it will not help that economy grow or become a powerhouse. Bitcoin is very volatile and using it as a primary currency only causes the economy to collapse faster and that is why Elsavador uses bitcoin along with USD in their country. Not to mention the president of El Salvador is also focusing on investing in bitcoin like us and they need profits like us, not just considering it as currency.

Bitcoin was created by satoshi to be a peer-to-peer currency but let's see what bitcoin is becoming. It has been an asset, a highly volatile investment.

[cryptoWODL]

Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

It may be your personal opinion but the governments of countries where Bitcoin is not legal are not less experienced and less knowledgeable. They know very well why Bitcoin is not legalized in their countries Governments of countries that do not legalize Bitcoin think that if Bitcoin is legalized it will increase the amount of money laundering in their countryI am a citizen of Bangladesh but bitcoin is not legal in our country but here bitcoin transactions are constantly going on secretly. Even every year in the news headlines in our country many people are caught by CID due to Bitcoin and cryptocurrency transactions.

One simple thing we all know about Bitcoin is that Bitcoin is a virtual currency. Our Bangladesh Bank has warned us many times and they said that Bitcoin is a violation of law for money laundering and use of virtual currency for terrorist activities by transacting in this virtual currency so the government in our country has not yet taken any initiative to legalize Bitcoin.

[Mate2237]

Op how do you know that those are countries that support bitcoin and not supporting bitcoin. You information is wrong, you didn't write the countries that support bitcoin as a legal tender. Such as El Salvador and Central Africa Republic which have adopted bitcoin as a legal tender in their countries and must those countries you mentioned were the haters of bitcoin and it is recently some of them are even trying to accept bitcoin and they are not in the history of countries that accepted bitcoin.

And I will agree with you on the area that bitcoin will be the best currency in the world.

[CryptopreneurBrainboss]

Moreover, regardless of whether these countries support it or not, Bitcoin will continue to develop in the future, so there is no need to worry about countries that ban Bitcoin.

There are countries that'll ban Bitcoin and we won't care about the ban but there are other countries that their bans can't be ignored because it'll have its impact on the growth of Bitcoin. No country can't stop the growth of Bitcoin but they can delay the growth it spread so we don't wish for these country to join the others small countries that are banning Bitcoin. Bitcoin hasn't possed any threat to them and they should understand Bitcoin and choose to work with it instead of fighting it.

If the government are wise they would realized that there are alot of ways to benefits from the industry by collaborating with it instead of fighting it. I don't support centralization but they're alot of people that still wants the centralized authority to control their finances which is what they still prefer to use centralized exchanges and wallets providers instead of using the ones that give them full controls. The government can work with this service providers and regulate the market therefore giving the supposedly safety to those that trust them.

Fighting Bitcoin isn't the way to go and the government have to do better, their citizens wants to be incharge of their finances, that isn't too much to ask. They're taking the workload off the government so I don't see any reason why the government are getting all defensive and banning Bitcoin.

[Catenaccio]

Op how do you know that those are countries that support bitcoin and not supporting bitcoin. You information is wrong, you didn't write the countries that support bitcoin as a legal tender. Such as El Salvador and Central Africa Republic which have adopted bitcoin as a legal tender in their countries and must those countries you mentioned were the haters of bitcoin and it is recently some of them are even trying to accept bitcoin and they are not in the history of countries that accepted bitcoin.

And I will agree with you on the area that bitcoin will be the best currency in the world.

There are only two countries where Bitcoin is legal tender.

https://coinmarketcap.com/legal-tender-countries/

For other statuses of legality, there are some websites to check information.
https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality
https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/