Topic: Bitcoin legal and illegal countries - page 12. (Read 5153 times)

many Chinese companies that produce goods using the scheme [money laundering through trade], now prefer calculations for bitcoin. Bitcoin is widely distributed in China, because it can be used to anonymously transfer values ​​abroad, bypassing China's control over capital.

                         Most of the industrially developed countries are accepted bitcoin and made it legal by studying the merits and demerits  out of it.
USA, UK,Canada, Germany, France, Australia, Belgium, brazil, Denmark , Hong kong,Israel, Italy Japan,New Zealand, Norway, Poland, Singapore,Spain,
South Korea,Switzerland,Sweden, turkey, Slovenia,Ukraine, cyprus, czech Republic,etc.
Mean time the socialistic blocks are still to accept fully such as Russia , China ,Vietnam,Bolivia,Kyrgyzstan Ecuador Cambodia Bengladesh, Nepal ,Ice land etc are not permitted bitcoin to operate their country.

Bitcoin in my country is already use by some affiliated exchange center or even some banks where we can buy or sell bitcoin and exchange BTC to our monetary. I tried it also but I could not say its legal because in our newsbreak late last year our government has been on process to legalize bitcoin as a security comes after much consideration and monitoring along with consultation with its central bank. So as of now bitcoin was not control by our government and central bank.

It's no use arguing about what countries have legalized cryptocurrencies and what countries have not. The point is, that we can see lots of countries already accept cryptocurrencies, just a few do not accept. But in the long run almost every country will accept this new technology. However, there's a huge difference between accepting and legalizing. Governments will legalize and regulate, governments accepting crypto could do this without regulations and that's what crypto is about. But of course, governments want regulations in order to keep control and that's what crypto is against. Cryptocurrencies should be decentralized, but governments will not accept that.

Recently, some countries are banned by Bitcoin. Which did not come to my list.

I agree with you. Most of the countries who do not accept bitcoin yet are countries with bad economies. Well developed countries are more user friendly towards bitcoin. Bangladesh and Bolivia really ? Aren't these two countries two of the most poor countries in the list on this thread ? They cannot do any harm to bitcoin, they are only harming themselves. Bolivia is the extreme case which doesn't let people mine , probably this government want to keep the citizens as poor as they can. Just go watch some documentaries about Bolivia to see how in bad shape this country is.

I have taken the help of internet for complete information.
https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Maybe will some get me wrong and I realy don't like to offend anyone but if you look the list of countries that don't support Bitcoin or even ban it they are completely irrelevant. Maybe there is some strong Bitcoin community but in global ratio those countries can't influence cryptocurrency significantly and their attitude to Bitcoin doesn't create cryptocurrency policies.
I still keep my attitude that modern and civilized countries will not ban Bitcoin and that is the most important.

Bitcoin has countries with legal incentive regulations, as well as countries that have decided to ban. In some countries, mining activities are highly developed. Some countries that are small and not modern look cold.

That's why new people are here and given for those who do not know. However, some countries have recently been banned. These are not added, but I try to share my interest with bitcoin so if you find something useful, then everyone benefits.

wow. I do not think that there are many countries that legalize bitcoin. this is a very good development.

and will contribute both to the value and selling of bitcoin and also for the crypto world.

but I do not see the country of Indonesia, do you know when Indonesia will legalize bitcoin and crypto? because in secret, the government of Indonesia saving stock in Ripple.

Bitcoin in Morocco
Bitcoin and other cryptocurrency transactions were officially outlawed in Morocco in November 2017 seemingly in response to a major Moroccan digital services company, MTDS, announcing a few days prior that it would begin accepting Bitcoin payments.

Sending and receiving payments via any cryptocurrency in Morocco is punishable by fines.

Bitcoin in Bolivia
Cryptocurrencies have never been legal in Bolivia and the government has been known to enforce its anti-Bitcoin stance rather firmly. People caught using Bitcoin and other cryptocoins can be fined and a number of users have even been arrested on more than one occasion for trading and mining Bitcoin.

Bitcoin in Ecuador
Ecuador outlawed Bitcoin and other cryptocoins in mid-2014 as part of its financial reform plans.

The ban on Bitcoin was seen by many as a way to reduce competition with the country's own digital currency system (Sistema de Dinero Electrónico). This official Ecuadorian currency isn't a cryptocurrency and isn't based on blockchain technology. It's simply a digital money solution based on traditional money and valued after the American dollar.


Anti-Bitcoin laws don't appear to be too strict in Ecuador as there are still several ways to buy and sell Bitcoin and other cryptocoins domestically. Enforcement isn't as strict as other countries like Bolivia and Bitcoin is seen as something that might be technically illegal but is still used by a small number of the population.

Bitcoin in China
The trading of Bitcoin and other cryptocurrencies was banned in China in September 2017. Due to the technology being so popular in the country before the ban though, the change in law hasn't ceased its use completely and many Chinese people continue to trade cryptocoins via in-person trades and chat apps like Telegram and WeChat.

The Chinese government appears to target professional cryptocurrency trading companies over individuals.

Bitcoin in Nepal
Nepal's stance on many aspects of Bitcoin and cryptocurrency is a little ambiguous however it has been confirmed that the trading of Bitcoin is considered illegal following several arrests of Bitcoin traders in 2017 that resulted in a combination of fines and jail terms for those involved. Attempting to use Bitcoin and other cryptocoins in Nepal is not recommended.

Not only Bangladesh. It is the problem of all those countries which did not get the legality of Bitcoin. The government's thinks Bitcoin may be a commercially threatened. Advanced countries are thinking how to decentralize bitcoin. However, Bitcoin will further advance in the future. Now there will be nothing illegal. Now, in the approval countries, the study of Bitcoin is underway.

hello man,i live in Bangladesh.and in my country bitcoin not legal.government think bitcoin just a scam. and they don,t believe bitcoin .but some people use and trust bitcoin.and they use bitcoin regularly.but i think in my country and government in future believe bitcoin and work start with bitcoin.

Talking about bitcoin legality, it is directly controlled with the power of government, and the total management power will divided into two, between government and the bitcoin owner, for me it is really bad thing to happen, today we are complaining about the price goes down, how about when bitcoin directly controlled by government that's the time that bitcoin price will become useless, what I'm talking about is price going down to the bottom because of government control system. This is only my opinion and I'm not sure if I'm right.

The United States has one of the best approaches as how to treat Bitcoin from a tax perspective. The government simply views the coins as property and you pay a capital gains tax (unless you live in Puerto Rico) when you sell them. You can still get jail time if you sell them in bulk as an unregulated money exchanger but most people wouldn't fall into that category. 

More countries should take this simplistic view on how to tax/regulate Bitcoin and stop thinking of it as a currency.


 

In fact, with the help of Bitcoin, there is a clash with validity around the world. china, india, vietnam, korea banned being heard However, the exchanger of those countries is still good. I have internet support for information.

You should add this two communist countries, that didn't accept and banned bitcoin which was reported last year. China and Vietnam.

I think the post from the author has clearly stated that there are countries to get legitimacy towards bitcoin and Ukraine is one of them, and of course getting legitimacy doesnt mean bitcoin will be perfectly legal because that means bitcoin will be under law of a country to work with and because of that law and legitimacy still underwork that makes bitcoin hasn't been officially recognized. The government are working to accept bitcoin but hasn't stated that it is a legal kind of payment and transaction so it still blurry

Here, all the countries that have been spoken are collected from the net. And, you have to cancel the china word once and again once it is valid.
Visit:
https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory