Topic: Bitcoin legal and illegal countries - page 11. (Read 5138 times)
The countries that legalize bitcoin are those who on average have become developed countries. They need a breakthrough to accelerate economic growth, one of them through bitcoin. Developing countries are afraid to legalize bitcoin because they know that doing so will make their currencies fall because many of their citizens will use bitcoin
Thanks for this information it will go along way to boost our confidence on bitcoin. We have more countries saying yes to bitcoin than those saying no. This is a welcome news and it will also avail us the opportunity to identify those countries that are crypto friendly in case some one is planing to travel toward those countries. We lost India yesterday to those hostile to crypto so update your list to include India.
The fact that Bitcoin is legal in the world will make the crypto market a new payment method that is widely used and brings a good start to the nascent market.
There is a huge difference between accepting and legalizing. But of course, the government wants to have rules to control and that's what the crypto is fighting against. Bitcoin in my country has been used by some affiliate exchange centers or even some banks where we can buy or sell bitcoin and exchange BTC with our money. So, the current bitcoin is not controlled by our government and central bank. United States, United Kingdom, Canada, Germany, France, Australia, Belgium, Brazil, Denmark, Hong Kong, Israel, Italy Japan, New Zealand, Norway, Poland, Singapore, Spain, Korea, Sweden Si, Sweden, Turkey, Slovenia, Ukraine, cyprus, Czech Republic, etc. Bitcoin is widely distributed in China, because it can be used to hide the value of offshore, ignoring Chinese control over capital.
What’s more, Bitcoin is not a static technology like conventional fiat money. It constantly evolves along with its ecosystem. Innovating solutions to remove barriers to entry are nothing new for Bitcoin.
To those countries who have already legalized bitcoin and cryptocurrency their are the technological advance countries who know what and how to metain their economic and social well-being and at that have adopted bitcoin as a secondary currency. But the ones that are yet to join this new global invention are the technologically backward countries.
Wrong, not all countries who choose to adapt or embraced bitcoin is technological advance. I even see 3rd world countries on that list. And you can say that to those countries who are hostile against bitcoin as well, not all of them are technologically backward.
It only means that there will be opposing sides whether to accept or reject bitcoin regardless how far advance that nation is. If they see bitcoin as a threat then they will simply will not accept it, specially a perceived threat to their monetary system or some disadvantage they see like bitcoin could be taken advantage of criminals for illegal activities.
To those countries who have already legalized bitcoin and cryptocurrency their are the technological advance countries who know what and how to metain their economic and social well-being and at that have adopted bitcoin as a secondary currency. But the ones that are yet to join this new global invention are the technologically backward countries.
Different government have different thinking about bitcoin. Although bitcoin is a decentralised currency but it still need the permission of government in order to run in any country. In countries like japan it work with their government to improve their country economy. In countries like Germany and Africa India also accept bitcoin and its profitable advantages. Where as countries like Bangladesh, China, Ecuador Israel etc ban it because of it decentralised nature association with criminal activities etc.
I think that bitcoin in the near future will be legal in all countries, just some of the residents do not understand the quality of the bits...
Bitcoin is pretty scary for governments because it takes control away from them, but it will hurt the countries a lot that choose to reject it.
Yes we should have information where bitcoin is legal and where it is not, it will help us in trading. Besides, after looking at the list a lot of people on this forum will realize, that bitcoin is not banned everywhere, and it is still legal and accepted in numerous countries, so it will not lose its power.
The legal and illegal thing of bitcoin varies country to country. Different government have different opinions about bitcoin. Some of government use it for their country profit and some of them sacred of it. China, Bangladesh, Ecuador, Israel etc country ban bitcoin in their country because it affects their country national banks profit and also affects their country economy and financial growth. Where as in country like japan Germany and many country of Middle Africa are join with bitcoin and make their country economy better.
Bitcoin is popular dsy by day.now the question is which country legal bitcoin or not.many people like the web market this market will build the economy strong. so that country given the legal permitted to buy or sell bitcoin.
There are many countries that don't want to legalize Bitcoin to their country. There are many countries nowadays that really don't want to use Bitcoin. But in totally, Bitcoin is really big help for every country, specially to the financial problem.
Bitcoin is becoming popular day by day. Reduce people's interest in easy transactions and price Rise. Some countries questioned the legitimacy and questioned. However, many countries of the world have given legitimacy to Bitcoin. We need to know about this issue for those new people. Those who did not know what to expect and would benefit them. Bitcoin has been given the list of validity and cancellation.
Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
Cambodia...
The legality of bitcoin depends on the government of their own country. If they think that it will not help their economy, and it will just help their people to be in illegal transactions then they will ban it. But some countries like those in your statement have a positive mind about bitcoin. Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
Cambodia...
Bitcoin is legal unless you use it in illegal ways like scam people or something to that extent.
As far as I know, governments have no power over Bitcoin. It has also been said that Bitcoin wallets are very secure/private, so it would be really difficult for anyone to monitor them in case something illegal is going on.
As far as I know, governments have no power over Bitcoin. It has also been said that Bitcoin wallets are very secure/private, so it would be really difficult for anyone to monitor them in case something illegal is going on.
Bitcoin is legal or illegal it varies on the different countries laws and popularity among active user. the countries accepting bitcoin as legal and illegal currency.The legal status of Bitcoin varies significantly from country to country .Following is a list of countries where Bitcoin is legal : Australia Belgium, Brazil, Canada, Colombia, Croatia Czech Republic, Cyprus, Denmark, France, Germany, Hongkong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Poland, Singapore, Slovenia, South Korea, Spain , Switzerland, Sweden, Turkey, United Kingdom United States,In several parts of the entire world bitcoin is fairly welcomed,few countries which banned bitcoin due to volatility, decentralized character, countries like Iceland, Vietnam, Bolivia, Kyrgztan ,Ecuador, Russia and China.
Good info thanks alot for sharing very good info for all bitcoin forum friends specially for newbie. I am sure one day all countries will legalize the Bitcoin for their boosting their economy.
every state government has different considerations about the legality of bitcoin but i don't think this is an obstacle to bitcoin progress in the future, even though there is currently a slight fall in the price of bitcoin but i remain optimistic that bitcoin will continue to grow as the popularity increases
Bitcoin fell in early 2018, but that does not mean that it will disappear completely, it's just a chance to purchase.
Although bitcoin has been in existence for five years, most countries still do not have consistent laws regulating the cryptocurrency.
Bitcoin been around more than 5 years. If you were to tell an agent that you are using Bitcoin then you still might get watched.Jump to: