Bitcoin legal and illegal countries - page 7.

iMark

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Quote from: .cryptokiller on January 14, 2019, 06:16:40 AM

Quote from: alonelyorange on January 08, 2019, 04:52:03 AM

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

They understand it, I think the government will not be that stupid by making a ban without clear calculations and analysis, the point is the government wants a win-win solution, not detrimental to the government side, the government just hasn't found a way to do it

apilpirman.bisnis

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My country Indonesia have legal bitcoin as transaction, but so far only for using bitcoin as trading or investing. We will wait when bitcoin become legal transaction payment at the future and will make bitcoin have higher price again.

Siren

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With this data i guess we will be waiting for the legitimacy here in Philippines,though we are clearly allowed to do whatever we want.with just an advice from the government to invest in our own risk

Quote from: ?? on ??

Depends on how country adopted or accept bitcoin. Not all of country understands and accept digital currency.

This is what happens when a poster don’t spend a minute reading the OP.lol

thesmallgod

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Nigeria have remain passive about crypto related activities despite the fact the country central bank of the country had warned the citizen about the risk involve in using cryptocurrency, I do not think bitcoin can be regulated in the the country. The country already have thousand of issue to address aside cryptocurrency. However seeing poor countries in the list of countries that want to regulate crypto make me wonder if the government actually want to improve citizen standard of living. crypto have created more opportunity than some country's government

hen cet

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Quote from: ?? on ??

when there are many country that will accept bitcoin, it will be more good for them. why? because i think it will give the highest popularity to all people and the price will growing from that factor

Countries that legalize bitcoin are relatively advanced countries, including in the technology, infrastructure, and education level of their citizens. Therefore, acceptance of bitcoin as a digital currency is easily accepted.
While developing countries experience many obstacles in bitcoin acceptance because economic stability and infrastructure are inadequate. Therefore, it takes more time to take policy on bitcoin, until the policy is considered to benefit the government.

playboy654

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Quote from: Ava Duvall on January 18, 2019, 07:51:50 AM

Quote from: sscarletmzileni on January 08, 2019, 04:37:29 AM

I just hope it'll be legal to Asia where I am in most of the time. Sad

Asia is doing quite well actually, its making improvements in the right direction, even more people are investing and sooner or later the government will come around !

Yes you are right by doing the Bitcoin legal process then the country will made a huge decision for the development of that country but one thing I will definitely don't know why people are afraid of using cryptocurrency in their life it will be the more complicated questions are only here now.

Ava Duvall

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Quote from: sscarletmzileni on January 08, 2019, 04:37:29 AM

I just hope it'll be legal to Asia where I am in most of the time. Sad

Asia is doing quite well actually, its making improvements in the right direction, even more people are investing and sooner or later the government will come around !

ipsec

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I do not believe in this. I mean. Do you really think that the government of at least one country wants to destroy its economy? Bitcoin is created just for this. Deliver us from intermediary. And the state is exactly the same intermediary.
When I hear about the legalization of BTC. I hear about total control BTC.

maemunah

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Quote from: cfif123 on January 15, 2019, 09:17:59 AM

Quote from: .cryptokiller on January 14, 2019, 06:16:40 AM

Quote from: alonelyorange on January 08, 2019, 04:52:03 AM

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

Your words are also true if the rule of law and legalizing bitcoin are not very easy to access bitcoin in the immediate future and I think it is difficult for bitcoin to enter the developed countries, like this, in my opinion

your words are correct if that is the sovereignty of the country so we cannot fight the government based on a definite law if we violate the law and that will hinder the entry of bitcoin also in the world of technology today

cfif123

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Quote from: .cryptokiller on January 14, 2019, 06:16:40 AM

Quote from: alonelyorange on January 08, 2019, 04:52:03 AM

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

Your words are also true if the rule of law and legalizing bitcoin are not very easy to access bitcoin in the immediate future and I think it is difficult for bitcoin to enter the developed countries, like this, in my opinion

FUD Expert

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These countries who stated that bitcoin is illegal are like North Korea. They will oppose to what other countries like but in the end they will also agree to adapt and follow. I'm pretty sure it will happen because fiat was also not accepted long time ago and only trading using gold, metals and precious items.

shoreno

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Quote from: .cryptokiller on January 14, 2019, 06:16:40 AM

Quote from: alonelyorange on January 08, 2019, 04:52:03 AM

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

for your information bitcoin is already legal on majority of the countries . i think there are only 4 to 5 countries left that doesnt legalize btc due to some reason not just because they dont understand on how to use it but maybe they arent overwhelm about how crypto works because we know that we arent able to pay taxes when we use cryptos . and maybe they only want to protect the people of thier country from scammers and other online crimes .

teejayrichard2

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i dont know where you got your information from or just based on speculation because i am based in Nigeria and till date Nigeria government has said nothing about bitcoin. They dont care or are not concerned whether you purchase bitcoin or not. but that doesnt mean they have made an announcement saying it is accepted. so where did you get your information from

.cryptokiller

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Quote from: alonelyorange on January 08, 2019, 04:52:03 AM

So far I know still little country have allowed for using bitcoin as legal transaction, like united state, Japan and Russia. Many country have not allowed for using bitcoin as payment transaction and India have banned bitcoin.

I think that sooner or later, Bitcoin will become legal in almost all countries. At the moment, some countries have banned bitcoin just because they don't understand it and are afraid of the consequences that may be after that.

whirlcoin

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Quote from: bitbunnny on January 14, 2019, 05:20:32 AM

I think that we have to make distiction among countries that regulated Bitcoin and those who didn't. But that doesn't mean that in countries who don't have Bitcoin regulation the use of Bitcoin is illegal, so against the law, it's just not regulated. Also, I'm not aware of countries who declared Bitcoin formaly illegal, so against the law and thus punishable. But at the moment I would say that in most countries the use of Bitcoin is somwhere in the grey zone because most governments are still not sure how to deal with Bitcoin.

Some countries will not accept Bitcoin or other cryptocurrency us to be legally used by the government because of their economic situation is like that they cannot do anything against the banks and the government that's why Bitcoin will not be legalised in some countries but some countries will allow some of the cryptocurrency to be used by the people so it is also healthiest thing for the country to develop more quickly

bitbunnny

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I think that we have to make distiction among countries that regulated Bitcoin and those who didn't. But that doesn't mean that in countries who don't have Bitcoin regulation the use of Bitcoin is illegal, so against the law, it's just not regulated. Also, I'm not aware of countries who declared Bitcoin formaly illegal, so against the law and thus punishable. But at the moment I would say that in most countries the use of Bitcoin is somwhere in the grey zone because most governments are still not sure how to deal with Bitcoin.

Artemis3

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The central bank of Trinidad & Tobago doesn't like bitcoin, still the gov stance is neutral. Its gray at best, unregulated, but they have warned about scams going on etc. Mining is not a problem, electricity is cheap.

Venezuela has not adopted bitcoin. They showed a friendlier attitude in 2018, mostly to support their state centralized attempt at a crypto currency, which resulted in Petro, which has been completely changed at least three times. Its currently a Dash clone modified and absolutely centralized. You have to understand that the gov officials and authorities are very corrupt and there have been several cases of extortion and kidnapping, simply because those involved in mining operations tend to be wealthy. Mining is not supposed to be illegal and was even welcomed by the gov at some point. Buy and sale of bitcoins is mostly done to evade the gov draconian controls to foreign currency exchange. Mining is world's cheapest, but blackouts are common. There is also a hyperinflation crisis going on, the economy is very distorted. Somethings are very cheap, somethings cost triple the international price...

TopT3ns

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Quote from: RareFortune on January 13, 2019, 07:12:49 PM

Quote from: sscarletmzileni on January 08, 2019, 04:37:29 AM

I just hope it'll be legal to Asia where I am in most of the time. Sad

Bitcoin is legal in most countries in Asia and some are still in progress for regulation so it will take some time before the fully adoption on this continent and I strongly believe it will happen soon because Bitcoin became the trending topic in financial industry.

In my country there are no regulation for crypto. But it is still better than make crypto illegal and people can't use it. But maybe if my country can accept it, it will be very good because i see a lot of people very anthusiast with this kind of business.

Marbelli

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As we see, Bitcoin does not accept poor countries and this gives us many answers to our questions.

RareFortune

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Quote from: sscarletmzileni on January 08, 2019, 04:37:29 AM

I just hope it'll be legal to Asia where I am in most of the time. Sad

Bitcoin is legal in most countries in Asia and some are still in progress for regulation so it will take some time before the fully adoption on this continent and I strongly believe it will happen soon because Bitcoin became the trending topic in financial industry.

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