Topic: Bitcoin is completely legal in at least 111 countries, and illegal in only 10 - page 3. (Read 888 times)
February 28, 2019, 05:15:12 PM
Trading Bitcoin is legal in most of the countries .Japan is legal to Bitcoin, Nigeria too is legal for Bitcoin trading .In Indonesia Bitcoin trading is not allowed but they will bring regulations and there are some restrictions regarding Bitcoin trading and in Vietnam Bitcoin trading is legal . Bitcoin is illegal in countries like Afghanistan ,Algeria,Bangladesh ,Bolivia ,Pakistan ,,Qatar ,Republic of Macedonia ,Saudi Arabia. ,and Vanuatu .Bitcoin is restricted in China and India and in rest of the countries by the creator.Bitcoin is legal the biggest fact that makes Bitcoin acceptable is the vision behind it by the creator .
February 27, 2019, 05:07:41 PM
So Bitcoin will become permanently here and is now part of our culture, those naysayers that say Bitcoin is a bubble should see this data it binds us regarding political and religious beliefs one of the only things that bind us.
February 27, 2019, 04:38:34 PM
It's indeed a good sign that the global community is not against Bitcoin. To be fair, though, the list of the countries where Bitcoin is supposed to be completely legal is not very accurate. It includes some countries were Bitcoin is neither legal nor illegal. Take Ukraine, for example. Can people here use Bitcoin? Yes. Are there websites to exchange Bitcoin for local currency? Sure, plenty of them. There are even some stores that accept Bitcoin. Nevertheless, Bitcoin is not 100% legal here, because no law has been passed on this matter yet. Moreover, as the National Bank of Ukraine once stated, it does not recognize Bitcoin as legal tender, and using unrecognized money is illegal. And who knows how many other countries on that map are not supposed to be that green.
There are other examples of inaccurate graph
This casts doubt on the study and the entire site
The most important question
Does bitcoin need these methods to achieve adoption?
I think bitcoin is strong enough
And will achieve its goals successively.
February 27, 2019, 04:28:23 PM
Does the progress of a country in accepting bitcoin also determine? but if you look in some developed countries and already know about bitcoin but they have not even legalized it, maybe state consideration is also to be able to maintain their financial stability if bitcoin is declared legal. like in my country, bitcoin has not been accepted and legalized as a legitimate transaction such as paper currency, can be used as a payment, but does not prohibit being made an asset or transaction is made into a legitimate currency.
February 27, 2019, 04:44:05 AM
Fortunately, the majority of the countries where bitcoin is illegal are irrelevant to most bitcoin holders and to the global economy generally. Shunning the innovation within the blockchain space will only reinforce the irrelevancy of these countries. Sooner or later they will learn this hard lesson.
February 27, 2019, 04:40:56 AM
Quote from: https://www.longhash.com/news/findings-show-bitcoin-is-completely-legal-in-at-least-111-countries
Currently, it says Bitcoin is illegal in only the following ten countries or regions: Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam.
does this mean that a small group called the government decided to make bitcoin illegal and i wonder what were the reasons why those countries made bitcoin illegal? did they use these arguments: "Bitcoin is used to finance terrorism and money laundering."? But money launderers are the corrupt politicians who use Fiat to launder money, and terrorism has more religious and political motivation.
Yes I'm sure governments will used that rehearsed argument, however, I try to look at how crypto is developing in Afghanistan and found this: (https://www.coindesk.com/afghanistan-ethereum-code-to-inspire-value), I don't know if we could verify this things but it seems crypto has been taking center stage in that country as well. And it Pakistan, bitcoin enthusiast are looking for ways to get over this ban from the government (https://news.bitcoin.com/pakistanis-find-ways-to-trade-bitcoin-rendering-ban-ineffective/).
February 26, 2019, 10:42:06 AM
Like what most of them have told the top country which have legalized have not declared bitcoin as currency but it is treated as digital asset and dealing in it is taxed on digital asset base. The country where it is legal or restricted by government is due to that they are fearing about is misuse and money laundering problems.
February 26, 2019, 10:27:31 AM
Let this news reach to the populated countries in the world as few them have still not legalize this crypto currency as a legal one, this tremendous technology will benefit for public there is no doubt in that. still a lot of people panic as this might be a scam but in reality maximum number of people's have already benefited from this and they are still making enough money. Let's believe very soon the entire globe will be using crypto very soon.
February 26, 2019, 09:43:50 AM
Good to know that many countries already adopt and legalized bitcoin. I think in our country which is Philippines I think it is also legalized and as a matter of fact we have a bank who will make cryptocurrencies ATM machine that will launch in this year 2019.
February 26, 2019, 09:23:23 AM
First of all welcome who this countries accept bitcoin as a legal.It's my ideas the rest of others countries will be accept bitcoin legally.
Actually after seeing these proofs bitcoin is the legal currency without any confusion.in fact need to possible support about Bitcoin then it will simply possible.
Actually after seeing these proofs bitcoin is the legal currency without any confusion.in fact need to possible support about Bitcoin then it will simply possible.
February 26, 2019, 09:16:39 AM
Good information, it just confirmed that Bitcoin is widely adopted and it's only a matter of time before it peak to the highest level may be in the three years we will see a different price and this will be the last year that we suffer a long drought.
February 26, 2019, 08:44:30 AM
One more argument to consider that Bitcoin will not disappear too soon. If this currency is accepted in over 111 countries, it means that it has a good support. These countries are aware that Bitcoin contributes greatly to their economy and these countries are aware of the enormous potential of the Bitcoin. Most of the countries that do not accept Bitcoin, of those listed are Islamic countries, and they have a very strict policy. It is gratifying that the currency is not forbidden in most developed countries.
February 24, 2019, 01:35:40 PM
The countries that allow it are aknowledging Bitcoin as an asset, and not as an currency. Some view it as a currency and it is ilegal to make a currency and that's why they ban it or they are just against decentralisation because goverment wants to have control of the money which they don't have over Bitcoin.
February 23, 2019, 04:29:41 PM
A positive attitude toward bitcoin in many countries it is very good. In my country, too, are good to bitcoin and in many cities begin to appear bitcoin ATMs.
February 23, 2019, 03:52:14 PM
This is a pretty positive statistics. There will still be those countries that will not support crypto, but their small number will not affect the situation as a whole. This makes crypto a very promising direction.
February 23, 2019, 12:20:11 PM
findings-show-bitcoin-is-completely-legal-in-at-least-111-countries
"According to findings from Coin Dance, there are currently at least 111 countries where Bitcoin is legal. In many others, Bitcoin’s legal status is up for question or the currency is subject to some restrictions.
...
Currently, it says Bitcoin is illegal in only the following ten countries or regions: Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam.
...
There are a further nine countries where Bitcoin is classified as “restricted” according to the site. Of these nine, the two most prominent examples are China and India."
I am not sure about the 111 countries where bitcoin is legal, may be they did not pass any regulations nor the government did not take any action action the upcoming market but that does not mean that all the countries without any regulation or rules accepted bitcoin as a payment, if you look closely the countries that made bitcoin illegal are muslim majority countries, may be according to their religious laws they might have banned bitcoin, who knows."According to findings from Coin Dance, there are currently at least 111 countries where Bitcoin is legal. In many others, Bitcoin’s legal status is up for question or the currency is subject to some restrictions.
...
Currently, it says Bitcoin is illegal in only the following ten countries or regions: Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam.
...
There are a further nine countries where Bitcoin is classified as “restricted” according to the site. Of these nine, the two most prominent examples are China and India."
February 23, 2019, 11:42:06 AM
Hopefully our government would realize the advantages of cryptocurrency in terms of economy and it could give a lot of jobs like IT, web developer, marketing and advertising etc.
The job opportunities are fairly limited and heavily dependent on what market cycle we're going through since everything depends on what crypto does. Not much of a stable foundation for job creation.Currently we're seeing a lot of start-ups lay off a large part of their developers and support because it's just not viable anymore at current prices. If this continues, we can expect things to get worse in this aspect, and that's obviously not a good thing.
I hope we can see more stability in this field, but that's difficult to imagine with how speculation is still the most important aspect of this market. Can't wait for use to pick up and gain an upper hand in the whole crypto space.
February 23, 2019, 11:25:51 AM
Well in my country they are still not legal though but i heard they are doing their research on how bitcoin can help our economy and as well as the people. Hopefully our government would realize the advantages of cryptocurrency in terms of economy and it could give a lot of jobs like IT, web developer, marketing and advertising etc.
February 23, 2019, 11:14:00 AM
Wow, good to know that the legalization of bitcoin has so much of dominance over all the countries in the world. I certainly didn't know that bitcoin is legal in so many countries.
I am from India and yes we can say that it is kind of restricted to use bitcoins in India but I know many people who still use it including myself
I am still wondering what does 'Alegal' mean in the map.
I am from India and yes we can say that it is kind of restricted to use bitcoins in India but I know many people who still use it including myself
I am still wondering what does 'Alegal' mean in the map.
February 23, 2019, 11:07:30 AM
Even though restrictions of using bitcoin has been placed on those countries I believe they can still transact bitcoin by proxy, mining, trading of bitcoin can be operated anonymously, meanwhile its a good development to see whooping 111 countries already using bitcoin legally which reinforces the fact that bitcoin has stamp its root in virtual digital asset.
People who seen opportunities will deal with something that they will grab profits, I agree with you that even those list from restricted or ban will still find ways to take the advantage, risking knowing that they can achieved something that worth it, sooner or later those countries will also learned things coming out from Bitcoin and maybe will also accept it and adopt.Jump to: