Topic: Bitcoin is completely legal in at least 111 countries, and illegal in only 10 (Read 888 times)
April 08, 2019, 02:22:35 PM
hopefully all countries in the world inaugurate bitcoin, I am truly impressed that if 111 countries legalize bitcoin, maybe a country that has not legalized bitcoin is still not fully confident in bitcoin, sometimes in every government in their country that thinks bitcoin can do negative what I know is that bitcoin can do any terrorist or other negative transactions, maybe that's because it can't legalize bitcoin in their country, even though it's only news made by those who don't like bitcoin so far.
April 07, 2019, 08:21:42 AM
Maybe few years from now, those 10 countries that treat bitcoin as illegal assets will reverse their decision regarding legalization. Consider that almost all developed countries in the world are accepting bitcoin and start developing its usefulness in their economy. Those countries do not want to be left behind as soon as bitcoin takeoff to take over financial transactions.
April 07, 2019, 03:59:47 AM
Those numbers obviously states that bitcoin already have the trust of much more people around the world and those who don't. And they are not just a hundred countries that are third world but most of them are powerful countries that has a great contribution on the world economy. If that does not still convince those countries who made it illegal then it's a huge loss for them.
Looking at maps of countries that accept bitcoin, it can be concluded that developed countries accept bitcoin as a digital currency and transactions in that country are supported by regulations that protect bitcoin users.In the long run, in my opinion, there will be more countries that accept bitcoin, because if it prohibits its use, it will hamper industries that have many bitcoin users, such as tourism, digital and inter-country transactions.
March 30, 2019, 06:14:30 AM
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 supportThe only major markets where Bitcoin is 100% legal are Japan and Germany. Others such as United States are yet to legalize crypto completely. And we need to remember that Bitcoin is more or less illegal in China, the second largest economy in the world.
March 30, 2019, 05:46:13 AM
Only time will tell ,even these countries that looks at bitcoin as illegal will have to choice but to follow the steps of other countries
March 30, 2019, 02:34:28 AM
Those numbers obviously states that bitcoin already have the trust of much more people around the world and those who don't. And they are not just a hundred countries that are third world but most of them are powerful countries that has a great contribution on the world economy. If that does not still convince those countries who made it illegal then it's a huge loss for them.
March 30, 2019, 12:41:41 AM
I was surprised to see there were countries I didnt know it was illegal to use bitcoin there. But restricted means something else then being illegal so china and india are those who fall into this category.
restrictions are not the same as being illegal so you can not categorize the two in the same group together. the situation in China, India and a lot of other countries like that is nowhere near the "illegal" situation that one or two countries actually have. what we have in China for example is mainly prevention of money laundering through exchanges that has been happening for a long time and the size was huge.
March 30, 2019, 12:22:24 AM
Good enough there are many countries where bitcoin is considered legal and not restricted. Although the consideration might be as a digital asset in some countries or as a Exchange means in some also. But the stance of major countries on bitcoin being a currency really matters and have effect on other countries decision in it also.
March 29, 2019, 10:44:51 PM
Frankly speaking i never knew bitcoin it's being accepted in such a large number of countries. There are about 163 countries in the world and so if we have 111 of them actually not banning the use of bitcoin then i think the future of bitcoin being globally legalized is very bright and close. Guess this is the time to be patient and wait for my bitcoin investment to grow.
March 29, 2019, 09:04:04 PM
I am from indonesia which the color of the country on that map is yellow but actually my country don't ban bitcoin, I still can use bitcoin for trading. The matter is there is only one currency that can be used in Indonesia which is Rupiah, other currency is not allowed to be used in Indonesia. But the jurisdiction or law in my country is still unstable and weak so there are many chances to use other currency in my country.
March 29, 2019, 08:55:52 PM
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.
This is proof that bitcoin is accepted in most countries in the world, and only a few countries cannot accept bitcoin. I say I can't accept it, because someday it might change policy after seeing the benefits of bitcoin.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.
Indeed, bitcoin is slowly being accepted by traders for payment transactions so that its use is evenly distributed so that one day bitcoin becomes a digital currency used throughout the world.
March 29, 2019, 07:01:26 PM
I was surprised to see there were countries I didnt know it was illegal to use bitcoin there. But restricted means something else then being illegal so china and india are those who fall into this category.
Interesting to see these for 2019 so we will see if their stance on the use of cryptocurrencies will change in the coming years when it will be worth more then it is now. Hopefully it will be so it can truly become the first global currency.
Interesting to see these for 2019 so we will see if their stance on the use of cryptocurrencies will change in the coming years when it will be worth more then it is now. Hopefully it will be so it can truly become the first global currency.
March 29, 2019, 06:47:12 PM
This is only the proof that bitcoin is now stretching it's power in lot of country in the world. To those country who are considering bitcoin as illegal I think time will come that they will be follow the 111 countries that already make bitcoin legal in their country when they see the real power of bitcoin that can help netizens in daily transactions and in financial aspects.
March 29, 2019, 03:48:34 PM
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.
No I recently has heard about legalization of bitcoin in china as they are using it in some places such as in bingeing there is store and markets, so I am happy with time there will be only legalization but no issues and problems for using bitcoin, India is also making meetings about adoption and acceptance of bitcoin.
March 29, 2019, 09:24:43 AM
That's still about 10% of countries considering Bitcoin as "illegal". But once Bitcoin is regulated it won't be considered as illegal by others, especially when there are millions $ to collect from the taxes and there is no effective way to control each citizen to see if there is a crypto use.
March 29, 2019, 09:21:04 AM
I can see my country labeled as LEGAL but I cant see any regulations to crypto maybe I can say that the status of cryptocurrency on my country is alegal, the regulations here was very unclear meaning take your own risk doing or using cryptocurrency.
March 29, 2019, 09:05:20 AM
Guess governments are aware that the hype is gone and there's no reason to restrict fintech-like industries to grow, still bitcoin is lawful against legally activities at least in my country which doesn't make up any headlines of concerns, bitcoin simply need adoption among members around the world, paying and exchange bitcoins with goods. Its just that many speculator are eyeing supports from big influencer such as commissioners as securities and hype around the world
March 29, 2019, 01:33:37 AM
If the news and source is really a fact, I'm sure that Bitcoin will be greater again in the future.
I think that source was real because i already observed that adoption had already grown alot . i see that lots of countries were now accepting and legalizing the use of cryptos . bitcoin is already doing great but it can be more greater in the future as long as those 10 countries will join the movement .im pretty sure they will because who the heck can resist the goodness of 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).
thats what we are doing actually . bitcoin supporters are always spreading a good news related to bitcoin so that they can attract more people that will join the crypto industry . while those haters are only making the situation worst because they oftenly make false claims about how bad bitcoin was .
March 29, 2019, 01:21:47 AM
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).
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).
March 29, 2019, 01:14:13 AM
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.
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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