In my opinion, maybe a country that still legalizes bitcoin is afraid to lose the use of banks because banks are still very much needed in the country, they are afraid that banks will not be needed anymore.
well, you're right, besides that bitcoin really disturbs the activity of fiat money, because there are some countries that prohibit using bitcoin as a currency. well, but the longer the development of the era will definitely get better, I'm sure bitcoin will be accepted in all countries in the future 
Topic: Bitcoin legal and illegal countries - page 9. (Read 5153 times)
In my opinion, maybe a country that still legalizes bitcoin is afraid to lose the use of banks because banks are still very much needed in the country, they are afraid that banks will not be needed anymore.
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...
I am not quite sure that all the countries that you have listed legalized bitcoin, but I think that loyalty is shown in relation to bitcoin. Also in this list, you can enter the Republic of Belarus. In Belarus, bitcoin is fully legalized and you do not need to pay taxes. 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 are gaining popularity at Africa and Europe that's why I think it will be approved there...however, it's really hard to get in in Asia. 
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...
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...
Its good to know that most of the country are now opened minded into digital world as well. For sure in the end that those country were til now are not welcoming the digital currency in the end they will change their mind soon or later, just like what happened to Russia before they banned but in the end they've revoked it and now its already legalized to their country as far as I know, if I am not mistaken.
Good information i knew from this comment. It is a matter of great regret that Bangladesh is one of the countries where Bitcoin is illegal and Bitcoin traders can be put into jail.
Brother good information I am a citizen of Bangladesh. I am a Victim of such situation. Bangladesh is a country where a lots of politicians than its total population.maximum population are terrorist.
Very effective information. Many countries already legimate bitcoin as their trading systems and many countries refuse bitcoin like my country Bangladesh.
Good information i knew from this comment. It is a matter of great regret that Bangladesh is one of the countries where Bitcoin is illegal and Bitcoin traders can be put into jail.
Indonesia is a country of law and one of them is bitcoin which is not good and will be punished and I am a bitcoin user and I think bitcoin in Indonesia is permitted by the government
Bitcoin has been successful as a digital currency recognized by many countries, I saw, which has been mentioned by the OP and only a few countries have banned bitcoin from being used. However, when many countries accept bitcoin at least as a place of trading or investment I hope that everyone who uses bitcoin is used wisely, sooner or later if there are some users who use bitcoin some illegal actions then the government will sooner or later limit the use of bitcoin more dangerous the government will ban it, I hope it won't happen.
Fortunately in my country, we can still trade bitcoin even though it is not permitted to be used as a payment method. I feel very sorry for those who live in countries where bitcoin is completely illegal. I wish my government won't change its policy related crypto that will hurt its crypto citizens.
Good information i knew from this comment. It is a matter of great regret that Bangladesh is one of the countries where Bitcoin is illegal and Bitcoin traders can be put into jail.
Bitcoin friendly countries, Japan, Netherlands, Ireland, USA, Switzerland, Finland, France, Germany, Spain, Zimbabwe, Kenya,,New Zealand, Belgium, Italy, Canada, Australia, and bitcoin non friendly countries, Bolivia, Bangladesh, Sri Lanka, Nepal, Austria etc.
bitcoin was actually created to help human needs but the authorities have disagreed if there is this bitcoin and in my opinion this bitcoin gets profit if we keep and preserve it in the world 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...
I see my country who accept and support cryptocurrencies especially bitcoin. To all countries who accept bitcoin I hope you will support it until the end and to all countries who still not support cryptocurrencies I hope you will change your decision and you will also become part of massive adoption of cryptocurrencies. 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...
I think that the situation in countries where Bitcoin is illegal will change for the better after a while. It is like in the Middle Ages - when those who carried enlightenment and progress, who said that the earth was round, "went against the state." Over time, all the others also came to realize, and then it became legal. The same can be observed with bitcoin.
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...
There are some countries that cant accept and adopt bitcoin , and its really hard to determine why. But maybe its because of their government. Maybe they cant accept that bitcoin can change the lives of their people than them. It means bitcoin is much useful than them. Rather than that , bitcoin can also give opportunities to people that government cant do. Well lets just hope someday they will realize the value of bitcoin and how it can help their life to be more successful. 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...
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.
Yes, you are right about that. Its true that Bitcoin is jot banned everywhere there are only a few country that banned it and there are few whom accept it. I think when you say Cryptocurrency some people will say it is not legal and there country but it is also not banned its neutral. Some Government banning Bitcoin because of they want to avoid to used it as a tool to some illegal activities inside their country and lets respect it
You did not write everything where the bitcoin is legal, but it does not matter.
Some countries want to be prominent in these decisions, but I think they are going because bitcoin is not a scam but the fear in those countries where btc is illegal is understandable.
Some countries want to be prominent in these decisions, but I think they are going because bitcoin is not a scam but the fear in those countries where btc is illegal is understandable.
In my view, Indonesia still banned if bitcoin used for payment in merchant. I think its like in grey area because Indonesia have local exchanger and having big transaction value.
There is a basic principle in law: what isn't prohibited by law is legal. In other words, what is legal is not required by law, the law only needs to be clear which is prohibited, and vice versa is legal.
Therefore, according to this logic, bitcoin is in fact legal in most countries of the world, because there are not many countries that explicitly prohibit Bitcoin in the law.
Therefore, according to this logic, bitcoin is in fact legal in most countries of the world, because there are not many countries that explicitly prohibit Bitcoin in the law.
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.
What is that? I think that considering bitcoin as an asset and starting to apply taxes to the owner is indeed a very good choice for a country, but in reality the owners don't want it, because basically bitcoin is money, so it must be used as a payment tool rather than storing media, if only categorized as assets, the function of bitcoin as a currency will disappear, and the era of the currency revolution will stop, and the world will remain controlled by the dollar as an international currency, and this is a monopoly currency system. More countries should take this simplistic view on how to tax/regulate Bitcoin and stop thinking of it as a currency.
Jump to: